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Product Life Cycle Stages

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Introduction Stage

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High cost, low sales volume, limited competition, heavy promotion.

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Growth Stage

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Increasing sales, economies of scale, growing competition, brand loyalty development.

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Maturity Stage

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Peak sales, high competition, price wars, market saturation.

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Decline Stage

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Falling sales, reduced profitability, market contraction, divestment.

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Product Development (Pre-Introduction)

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Product design, market research, prototype testing, no sales.

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Introduction: Marketing Objectives

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Create awareness, induce trial, establish distribution channels, educate the market.

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Growth: Marketing Objectives

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Maximize market share, differentiate from competitors, add product features and support.

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Maturity: Marketing Objectives

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Defend market position, extend product life cycle, optimize pricing strategies.

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Decline: Marketing Objectives

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Reduce expenses, decide on product elimination or rejuvenation, capture niche markets.

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Introduction: Financial Strategy

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High initial costs, negative cash flow, focus on recouping R&D investments.

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Growth: Financial Strategy

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Increased profitability, positive cash flow, investment in market expansion.

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Maturity: Financial Strategy

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Maximize profits, control costs, consider diversification.

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Decline: Financial Strategy

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Cost cutting, divesting non-performing assets, managing decline profitably.

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Revitalizing Mature Products

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Product updates, rebranding, targeting new markets, changing consumer perceptions.

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Extending the Maturity Stage

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New features, product line extensions, finding new uses, increasing usage rate.

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Strategies for Decline Stage

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Harvesting, divesting, maintaining, niche strategies.

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Exit Strategies for Decline Stage

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Sell-off, liquidation, consolidation, pivot to new products.

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Innovation During Growth Stage

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Invest in R&D, update product features, explore spin-off products.

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Repositioning during Maturity Stage

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Change target audience, alter marketing messages, shift brand image.

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Post-Decline Strategies

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Retro branding, nostalgia marketing, relaunching with innovation.

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