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Briefly explain the conventional process of the product cycle in the conventional manufacturing environment.

User Radical
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Final answer:

The conventional process of the product cycle in the conventional manufacturing environment involves several stages: Idea Generation, Product Development, Production, Marketing and Sales, and Maturity and Decline.

Step-by-step explanation:

The conventional process of the product cycle in the conventional manufacturing environment involves several stages:

  1. Idea Generation: This is the first stage where ideas for new products are generated through market research, customer feedback, and brainstorming sessions.
  2. Product Development: Once an idea is chosen, it goes through the product development phase where the concept is turned into a tangible product through design, prototyping, and testing.
  3. Production: After the product development phase, the actual production begins. This involves sourcing raw materials, setting up manufacturing facilities, and assembling the product.
  4. Marketing and Sales: After the product is produced, it is then marketed and sold to the target audience through various channels such as advertising, promotions, and distribution.
  5. Maturity and Decline: Eventually, the product reaches a maturity stage where sales stabilize, and then a decline stage where sales decline due to market saturation or obsolescence.
User Bbmud
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