which stage of the product life cycle (PLC)is the most proitable Stage?
Answers
Answer:
1. Development
The development stage of the product life cycle is the research phase before a product is introduced to the marketplace.
2. Introduction
The introduction stage is when a product is first launched in the marketplace.
3. Growth
During the growth stage, consumers have accepted the product in the market and customers are beginning to truly buy-in.
4. Maturity
The maturity stage is when the sales begin to level off from the rapid growth period.
5. Saturation
During the product saturation stage, competitors have begun to take a portion of the market and products will experience neither growth nor decline in sales.
6. Decline
Unfortunately, if your product doesn't become the preferred brand in a marketplace, you'll typically experience a decline.
Explanation:
During the maturity stage, products begin to enter the most profitable stage. The cost of production declines while the sales are increasing.