Question

Find four different products that are in the four different phases of the product life cycle. Give your opinions on the product in the market decline phase: whether the company should divest, harvest, or rejuvenate the product and the reasons behind your choices.

Answer 1

i) Introduction phase : self driven cars

ii) Growth phase : Amazon web service

iii) Maturity phase : Ford cars

iv) Decline phase : CD's and DVD's

Step-by-step explanation:

The four(4) different phases of the product life cycle are:

i)Introduction

ii)Growth

iii)Maturity

iv) Decline

examples of products in the different phases

Introduction phase : Self driven cars ; this product is in this stage because the Idea is yet to be implemented as several factors are been considered first and feasibility studies are been conducted

Growth phase : Amazon web service : this product is now in the growth stage as many IT companies have started using the app and the app is growing

Maturity phase : Ford cars : This product is its maturity stage as it is one of the most used car brand in the world.

Decline phase : CD's and DVD 's : The use of CD and DVD's is in a serious decline as online streaming of movies and events is on the rise

I will advise the company Divest and see how they will embrace the latest technologies in line with their business of satisfying their customers