Exposé anglais product life cycle
II-THEORY OF PRODUCT LIFE CYCLE
III-DIFFERENT STEPS OF A PRODUCT
• THEIR IMPACT UPON THE MIX MARKETING
IV-LIMITS OF THE THEORY PRODUCT LIFE CYCLE
The activity of presenting, advertising and selling a firm’s products in the possible way is called marketing. To measure out, to choose and to combine the means with whose it wishes to act upon the market is very important for a firm. Nowadays, firms use many policies to checking and analysing their activities. Find out the stage in which their activities are located or the path they are going on, allow them to improve their marketing thought. Product life cycle (PLC) concept is one of these strategies used by several firms for analysing and checking the sale of their products growth.
The product life cycle (PLC) concept suggests that a product passes through four stages of evolution. As a biological circle or a human being’s life, a product has got several phases: conception, introduction, growth, maturity and decline. PLC can be defined as the analysis of the great steps of his life: from his concept to the final decision to withdraw it from the market. A product evolves and passes through theses stages, its profit is affected and different strategies have to be employed to ensure that the product is a success within its market. The product life cycle is a rudiment of the evolution of a product through the space.
|STAGES |HUMAN BEING |PRODUCT |
|0 |Conception |elaboration |
|I |Birth |introduction