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Product Life Cycle,Regal Marine Products, strategy/benefits

1. How does the concept of product life cycle apply to Regal Marine products?

2. What strategy does Regal use to stay competitive?

3. What kind of benefits are Regal achieving by using CAD technology rather than traditional drafting techniques

1. The product life cycle applies to Regal Marine products in that it...

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1. The product life cycle applies to Regal Marine products in that it is nearly constantly trying to design, get money and assisted designs for new boats, so it stays fresh and it has a product that goes back to the early stage (one of four) from the life cycle stages.

2. I would say they use the following business strategy, differentiation. This is because according to http://smallbusiness.chron.com/competitive-business-strategies-4623.htmlin "Business owners use competitive business strategies to ...

Solution Summary

1. How does the concept of product life cycle apply to Regal Marine products?

2. What strategy does Regal use to stay competitive?

3. What kind of benefits are Regal achieving by using CAD technology rather than traditional drafting techniques

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