Frankenstein Thesis Statements and Essay Topics

If you want a potato or a pencil or a place to live, you have to get it from someone else. It is just as well to let a big company take over once you reach cruising altitude. Your best bet for stopping a whitefly infestation is to be vigilant before an infestation occurs. Instead of accumulating money slowly by being paid a regular wage for fifty years, I want to get it over with as soon as possible. Pricing strategies are flexible during this stage, product life cycle essay, such as markdowns pr product life cycle essay incentives.

The third stage for a product to go. As stated by Pride et al, , sales are still increasing at the beginning of the maturity stage, but the rate of increase has slowed. Later in this stage, the sales curve peaks and begins to decline. Many products maturity stages lasted longer than the previous stages. Industry profits decline throughout this stage. During this stage, sales growth starts to slow down. Hence, the firm as well as its market competitors starts lowering down their prices, increases advertising and sales promotions.

Also, the intense market led weaker competitors to quit. Only those strong enough will be able to precede the competition. A company should consider a different strategy when its product cines ti maturity, either by redesigning the market or its product. Modifying market is when the company tries to increase consumption if the current product. The currently matured product can also be redesigned its package or style.

Consumers may also be encouraged to use the product more often or in new ways. Pricing strategies are flexible during this stage, such as markdowns pr price incentives. Marketers may offer incentives and services to declare offering such matured products, especially from competitors. Sales promotions and aggressive personal selling can e effective during this period, when competition may require large promotional expenditures.

On the whole, just as adopted from Smith et al , this phase is represented by: The final stage of the product life cycle. According to Lancaster and Jobber , it is when sales begin to fall and already slim profit margins are depressed even further. Customers have begun to become bored with the product and are looking forward to newer, latest products. Dealers begin to de-stock the product in anticipation of reduced sales.

Here, sales and profits sank lower, due to various reasons such as advancement in technology, shifts in consumer tastes or intense competitions. Such factors have forced many companies to quit the market and for the other remaining companies, they may have to redesign their strategies to stay longer in the market by raising the price to cover cists, re price to maintain market share, or lower the price to reduce inventory.

In other words, distribution of the declining product will be narrowed to te most profitable existing market. Also, the product will not be highly promoted, although advertising and promotions may be used to slow down the decline. Instead, the firm may even decide to drop the product entirely at the end. Just like the above three phases, this stage is also represented by: Detecting Maturity and Decline: Below are some factors that supply as market indicators that serve as an aid for a firm in detecting its product maturity and decline… — Price pressures caused by overcapacity and the lack of product differentiation; — As the product matures.

Buyers have become familiar with the related product and hence, they are unwilling to pay finest price for the product in order to obtain brand security; — Technology advancement and substitute products may lead to the decline of a product.

A suitable example for this case is the black and white television sets which due to technological development have lead to the production of color televisions — a definite unpredictable effect on sales of black and white television sets; — When the number of potential first time buyers for a particular product decreases, the market along with the company sales and profits happen to decline; — The market is fully penetrated and there are no sources of growth from existing and new users; and — Existing customers may start to be disinterested in the product and are probably looking forward to switch brands.

Actually a product life cycle is conceptually simple yet powerful. However, it is not easily applied. The stages described above are not easily forecasted or predicted or even easily determined.

Therefore, on the whole, I would like to conclude that a company should be aware of the life cycle stages of each product it is responsible for.

The company should also predict on how long the product is expected to linger in that stage. Such thinking is very important for setting up strategies such as let say, if the product is expected to remain the maturity stage for a long time; a replacement product might be introduced later in the maturity stage. On the other hand, if the maturity stage is expected to be short, however, a new product should be introduced much earlier.

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First and foremost, before proceeding into the product life cycle strategies, lets define what a product life cycle is. According to Griffin and Ebert (), a product life cycle is a series of stages through which it passes during its profit -producing life. The carbon cycle is the process in which carbon atoms are recycled over and over again on Earth. Carbon recycling takes place within Earth's biosphere and between living things and the nonliving environment. Since a continual supply of carbon is essential for all living organisms, the carbon cycle.

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