What are two examples of products that you think are current
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What are two examples of products that you think are currently in each of the product life-cycle stages? Consider services as well as physical goods. Justify why you chose that product or service for that life-cycle stage.
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What are two examples of products that you think are currently in each of the product life-cycle stages? Consider services as well as physical goods. Justify why you chose that product or service for that life-cycle stage.
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Market introduction stage - this would cover all new products, that haven't been released as knockoff versions of products that flopped. New products would include things like the gadget from GE that boils water in a matter of seconds, which is good innovation considering the time wasted waiting for water to boil. See here - http://www.geappliances.com/appliances/new-products.htm
Any advertisement for a "brand new" product will be in the market introduction stage.
Growth stage - Products that aren't ...
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