Describe the product life cycle, new product development and the product adoption process
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mktg Mapa Mental sobre Describe the product life cycle, new product development and the product adoption process, creado por ereyscarey101 el 10/06/2013.
Describe the product
life cycle, new product
development and the
product adoption
process
3. GROWTH
1. NEW PRODUCT DEVELOPMENT
-FAULTS AND PROBLEMS CAN BE ELIMINATED AND POSITIVE FEATURES CAN BE REFINED AND
IMPROVED
-BEFORE THE PRODUCT BECOMES AVAILABLE TO THE MARKET
-DEVELOPS THE IDEA, DOES RESEARCH AND PREPARES PROTOTYPE TO PRE TEST
--CAN INVOLVE SUBSTANTIAL COSTS
2. INTRODUCTION
-FIRST APPEARANCE OF THE PRODUCT IN THE MARKET -MARKET KNOWS LITTLE OR NOTHING
ABOUT THE PRODUCT THEREFORE NEEDS CONSIDERABLE AMOUNT OF
PROMOTION/ADVERTISING -THERE IS OFTEN LAG BETWEEN INTRODUCTION AND SUBSTAINTIAL
SALES