ENG501 - History of English Language
Question(s) similar to the following:
Every product has tenure in a market, some products occupy the market and some are obsolete. Keeping product life cycle in mind, explain the stages of product life cycle and give the example of any product that are near to decline or obsolete.
Question 1: Every product has tenure in a market, some products occupy the market and some are obsolete. Keeping product life cycle in mind, explain the stages of product life cycle and give the example of any product that are near to decline or obsolete.
Answer: Suggest Edit
There are four stage of product life cycle:
Introduction
In this stage product is manufacture and introduce in the market. The resources are utilized and the expenses are involved. No return even it adds to advertising expenses. The sale is at zero and no demand at all.
Due to lot of other product or services in the market.
Growth
At this stage the graph of sale rises up step by step as the product creates its own place in the market and customers start purchasing it. the sale increases. Product becomes familiar to the customer. Consumer starts attesting the utility of product.
Maturity
In this stage the product or service in the markets starts getting it s proper market share and the sale at this stage is at it speak. The graph of sale it right at the top of the graph. The product enjoys lot of demand and sale is at it its maximum point .
Decline
At this stage the sale and demand both decrease to its minimum. Due to many reasons. It may be new technology introduce by the competitors and ours is old. The taste changes of consumers and the competition increase. At this stage the graph comes down.
The advent of new mobile technology the communication system previously used like wireless telephony and telephoneic communication are passing through stages to decline.
Similar Questions:
Question 2: Every product has tenure in a market, some products occupy the market and some are obsolete. Keeping product life cycle in mind, explain the stages of product life cycle and give the example of any product that are near to decline or obsolete.
Answer: Suggest Edit
There are four stage of product life cycle:
Introduction
In this stage product is manufacture and introduce in the market. The resources are utilized and the expenses are involved. No return even it adds to advertising expenses. The sale is at zero and no demand at all.
Due to lot of other product or services in the market.
Growth
At this stage the graph of sale rises up step by step as the product creates its own place in the market and customers start purchasing it. the sale increases. Product becomes familiar to the customer. Consumer starts attesting the utility of product.
Maturity
In this stage the product or service in the markets starts getting it s proper market share and the sale at this stage is at it speak. The graph of sale it right at the top of the graph. The product enjoys lot of demand and sale is at it its maximum point .
Decline
At this stage the sale and demand both decrease to its minimum. Due to many reasons. It may be new technology introduce by the competitors and ours is old. The taste changes of consumers and the competition increase. At this stage the graph comes down.
The advent of new mobile technology the communication system previously used like wireless telephony and telephoneic communication are passing through stages to decline.
Past Papers of ENG501 - History of English Language
Question 1: Every product has tenure in a market, some products occupy the market and some are obsolete. Keeping product life cycle in mind, explain the stages of product life cycle and give the example of any product that are near to decline or obsolete.
Answer: Suggest Edit
There are four stage of product life cycle:
Introduction
In this stage product is manufacture and introduce in the market. The resources are utilized and the expenses are involved. No return even it adds to advertising expenses. The sale is at zero and no demand at all.
Due to lot of other product or services in the market.
Growth
At this stage the graph of sale rises up step by step as the product creates its own place in the market and customers start purchasing it. the sale increases. Product becomes familiar to the customer. Consumer starts attesting the utility of product.
Maturity
In this stage the product or service in the markets starts getting it s proper market share and the sale at this stage is at it speak. The graph of sale it right at the top of the graph. The product enjoys lot of demand and sale is at it its maximum point .
Decline
At this stage the sale and demand both decrease to its minimum. Due to many reasons. It may be new technology introduce by the competitors and ours is old. The taste changes of consumers and the competition increase. At this stage the graph comes down.
The advent of new mobile technology the communication system previously used like wireless telephony and telephoneic communication are passing through stages to decline.
Similar Questions:
Question 2: Every product has tenure in a market, some products occupy the market and some are obsolete. Keeping product life cycle in mind, explain the stages of product life cycle and give the example of any product that are near to decline or obsolete.
Answer: Suggest Edit
There are four stage of product life cycle:
Introduction
In this stage product is manufacture and introduce in the market. The resources are utilized and the expenses are involved. No return even it adds to advertising expenses. The sale is at zero and no demand at all.
Due to lot of other product or services in the market.
Growth
At this stage the graph of sale rises up step by step as the product creates its own place in the market and customers start purchasing it. the sale increases. Product becomes familiar to the customer. Consumer starts attesting the utility of product.
Maturity
In this stage the product or service in the markets starts getting it s proper market share and the sale at this stage is at it speak. The graph of sale it right at the top of the graph. The product enjoys lot of demand and sale is at it its maximum point .
Decline
At this stage the sale and demand both decrease to its minimum. Due to many reasons. It may be new technology introduce by the competitors and ours is old. The taste changes of consumers and the competition increase. At this stage the graph comes down.
The advent of new mobile technology the communication system previously used like wireless telephony and telephoneic communication are passing through stages to decline.
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