Frequently Asked Marketing Question

What are the critical marketing activities required at each stage of the product life cycle?


Answer:

At each stage of the product life cycle, there are critical marketing activities that must be undertaken in order to ensure success. These activities include market research to understand customer needs and preferences, product development to create a product that meets those needs, pricing strategies to maximize profits, promotion and advertising to create awareness and generate demand, distribution strategies to ensure the product is available in the right places at the right time, and customer service to ensure customer satisfaction.


More resources related to Products

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