Product Life Cycle Explained: Stage and Examples

Introduction Stage This stage involves introducing a new and previously unknown product to buyers Sales are small, the production process is new, and cost

Maturity Stage Once sales start to level out and product adoption has peaked, you may be entering the maturity stage In this stage, most of your target

product life cycle The product life cycle is a fundamental concept that maps out the journey of a product from its inception to its eventual exit from the market

life ladprao Key Takeaway The product life cycle helps a company understand the stages a product or service may go through