All products will have time to go into the business market varies, which shall result in the strategy in each of the different product life cycle management.There are 4 main objectives produce two times the cost of quality and flexibility for each range of life-cycle will focus on different objectives as follows:Introduction (during the introduction to the market) is the first part of the market to sell it. This range of products is not yet known, so the customer's need for the market to introduce products to the market by various methods, such as advertising, public relations. Campaigns, etc. have high expenses. Sales are also low, and has been growing slowly.Growth (a popular product range rapidly) as range 2 after the first period in the market already. When customers began to recognize the product trial and tell the store's distribution channels begin to know and recommend that customers make product sales grow quickly compared to the first interval. However, there is still a high cost in the market continued to make market items.Maturity (range of market goods) is a 3 part after customer has trial and satisfied products began to be used regularly, it has continuously. At the same time, the need for advertising, it decreases because it already exists. Keep marketing expenses decreased over the first period and 2 range is a range that generate the most profit.Decline (depressed product range) is 4, which is the last period in the life cycle of the product. When the item next to the market is that customers have a competitor do the same product market. The customer loyalty towards the brand, they are going to try a new product, and may contain some of the same items to disable. Make sales of the new regime, agreed there are almost no customers because the market is reduced from 3 range and then make a new group of customers from sales. While sales decreased from the old group of customers is the range products started to slump and gradually disappeared from the market in the end.
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