Product life cycle
Select a product with which you are familiar. What stage is your selected product at in the product life cycle? Provide rationale for your answer. Based on your knowledge of the product life cycle, what types of changes will occur to your selected product as it continues through the product life cycle? How will this affect the marketing of your selected product?© SolutionLibrary Inc. solutionlibary.com 9836dcf9d7 https://solutionlibrary.com/business/marketing/product-life-cycle-7fjh
...ple would like to know more information about the medicine product before starting to buy them. In addition, its price is high compared to other cold medicine like NyQuil. It also has few competitors. As mucinex continues through the product life cycle, sales start to rise rapidly, the cost per customer will start to come down. There will be a growing numbers of competitors as they see the mucinex is growing and start to launch a product into the market to compete with the mucinex. These ...