SlideShare a Scribd company logo
1 of 7
- Stages in which a product (or category of
product) go through in terms of its sales and
profit throughout its life.
- There is no specific time frame for each of the
stage in the PLC.
4 Main Stages:
i. Introduction
ii. Growth
iii. Maturity
iv. Decline
- A period of sales growth as the product is
introduced in the market.
- Profits are non-existent because of the heavy
expenses of product introduction (plus low sales).
- No/very few competitors.
- Introduce basic version.
- Employ selective distribution.
- Try to attractive dealers to carry the product.
- Focus on innovators.
- Marketing objective:
to create awareness and trial.
- A period of rapid market acceptance and
substantial profit improvement.
- Start to attract many competitors.
- Need to improve/modify the current product (such
as introducing new features)
- Marketing objective:
to maximize market share
- Strategies:
a. lower down the price
b. develop intensive distribution
- A slowdown in sales growth because the product
has achieved acceptance by most potential buyers.
- Profits stabilize or decline because of increased
competition.
- Competitors start cutting price to attract new
buyers.
- Marketing objective:
to maximize profit.
- Strategies:
Emphasize on brand differences and value/benefit.
- Towards the end of this stage, many competitors start
leaving out the market.
- Sales show a downward drift and profit erode.
- Major reasons for declining:
a. innovation and technology advancement
b. changes in consumer’s taste
c. stiff comptition
- More and more competitors leaving the market.
- Focus on the “laggards”
- Need to determine the best strategy to
a. maintain
b. harvest
c. drop
- Maintain – if the best and with assumption that
competitors will all gone. Need brand repositioning.
- Harvest – to cut down various costs.
- Drop – if there is no hope at all. Sell off the business.
PLC could be extended by:
a. increasing the frequency of
consumption
b. increasing the number of
consumers
c. developing new usage
d. changing the package size, label
and product quality
PLC could be extended by:
a. increasing the frequency of
consumption
b. increasing the number of
consumers
c. developing new usage
d. changing the package size, label
and product quality

More Related Content

What's hot

Advertising and marketing process
Advertising and marketing processAdvertising and marketing process
Advertising and marketing processIsma wajid
 
Market Evolution
Market EvolutionMarket Evolution
Market Evolutionkktv
 
Chapter 18 Managing Mass Communications
Chapter 18 Managing Mass CommunicationsChapter 18 Managing Mass Communications
Chapter 18 Managing Mass CommunicationsDiarta
 
Aqa bus2-marketingmixintro
Aqa bus2-marketingmixintroAqa bus2-marketingmixintro
Aqa bus2-marketingmixintroPeter Sammons
 
Ch3 understanding marketing (1)
Ch3 understanding marketing (1)Ch3 understanding marketing (1)
Ch3 understanding marketing (1)Shashi Shekhar
 
Retail communication-mix
Retail communication-mixRetail communication-mix
Retail communication-mixJaydev Gharat
 
Advertising And Promotion
Advertising And PromotionAdvertising And Promotion
Advertising And PromotionVamsi Krishna
 
Developing the marketing mix
Developing the marketing mixDeveloping the marketing mix
Developing the marketing mixJeannie Barcelona
 
Understanding marketing management management-tasks
Understanding marketing management management-tasksUnderstanding marketing management management-tasks
Understanding marketing management management-tasksSameer Mathur
 
Promotion Mix
Promotion MixPromotion Mix
Promotion Mixdiyasun86
 
Sales promotion, advertising and distribution channels
Sales promotion, advertising and distribution channelsSales promotion, advertising and distribution channels
Sales promotion, advertising and distribution channelsnikkss356
 
Advertising sales promotion and management (ASPM)
Advertising sales promotion and management (ASPM)Advertising sales promotion and management (ASPM)
Advertising sales promotion and management (ASPM)anurag sai
 
ADVERTISING MANAGEMENT -UNIT 3
ADVERTISING MANAGEMENT -UNIT 3ADVERTISING MANAGEMENT -UNIT 3
ADVERTISING MANAGEMENT -UNIT 3Mansi Tyagi
 
Market positioning
Market positioningMarket positioning
Market positioningcharu nagpal
 
Ss product life cycle
Ss product life cycleSs product life cycle
Ss product life cycleCMPCERT
 

What's hot (20)

Advertising and marketing process
Advertising and marketing processAdvertising and marketing process
Advertising and marketing process
 
Market Evolution
Market EvolutionMarket Evolution
Market Evolution
 
Chap16 Sales Promotion
Chap16 Sales PromotionChap16 Sales Promotion
Chap16 Sales Promotion
 
Chapter 18 Managing Mass Communications
Chapter 18 Managing Mass CommunicationsChapter 18 Managing Mass Communications
Chapter 18 Managing Mass Communications
 
Aqa bus2-marketingmixintro
Aqa bus2-marketingmixintroAqa bus2-marketingmixintro
Aqa bus2-marketingmixintro
 
Ch3 understanding marketing (1)
Ch3 understanding marketing (1)Ch3 understanding marketing (1)
Ch3 understanding marketing (1)
 
Retail communication-mix
Retail communication-mixRetail communication-mix
Retail communication-mix
 
Advertising And Promotion
Advertising And PromotionAdvertising And Promotion
Advertising And Promotion
 
4604397
46043974604397
4604397
 
Developing the marketing mix
Developing the marketing mixDeveloping the marketing mix
Developing the marketing mix
 
Understanding marketing management management-tasks
Understanding marketing management management-tasksUnderstanding marketing management management-tasks
Understanding marketing management management-tasks
 
Promotion Mix
Promotion MixPromotion Mix
Promotion Mix
 
Marketing mix product
Marketing mix productMarketing mix product
Marketing mix product
 
Sales promotion, advertising and distribution channels
Sales promotion, advertising and distribution channelsSales promotion, advertising and distribution channels
Sales promotion, advertising and distribution channels
 
Advertising sales promotion and management (ASPM)
Advertising sales promotion and management (ASPM)Advertising sales promotion and management (ASPM)
Advertising sales promotion and management (ASPM)
 
Advt ppt
Advt pptAdvt ppt
Advt ppt
 
Advertising
AdvertisingAdvertising
Advertising
 
ADVERTISING MANAGEMENT -UNIT 3
ADVERTISING MANAGEMENT -UNIT 3ADVERTISING MANAGEMENT -UNIT 3
ADVERTISING MANAGEMENT -UNIT 3
 
Market positioning
Market positioningMarket positioning
Market positioning
 
Ss product life cycle
Ss product life cycleSs product life cycle
Ss product life cycle
 

Similar to Product Life Cycle Stages Explained

Product life cycle
Product life cycleProduct life cycle
Product life cyclekanika garg
 
Product Life Cycle.ppt
Product Life Cycle.pptProduct Life Cycle.ppt
Product Life Cycle.pptReetaSingh23
 
Product Life Cycle
Product Life CycleProduct Life Cycle
Product Life Cyclegary6h
 
Product Life Cycle_bina amit Shukla
Product Life Cycle_bina amit ShuklaProduct Life Cycle_bina amit Shukla
Product Life Cycle_bina amit ShuklaBina Sarkar
 
Product life Cycle Dope #PLC
Product life Cycle Dope #PLC Product life Cycle Dope #PLC
Product life Cycle Dope #PLC Nihit Gandhi
 
New-Product Development and Life-Cycle Strategies.ppt
New-Product Development and Life-Cycle Strategies.pptNew-Product Development and Life-Cycle Strategies.ppt
New-Product Development and Life-Cycle Strategies.pptDrMoizAkhtar
 
Kotler09basic 1227033671738736 8
Kotler09basic 1227033671738736 8Kotler09basic 1227033671738736 8
Kotler09basic 1227033671738736 8aapp
 
New-Product Development and Life-Cycle Strategies
New-Product Development and Life-Cycle StrategiesNew-Product Development and Life-Cycle Strategies
New-Product Development and Life-Cycle StrategiesMehmet Cihangir
 
product life cycle
product life cycleproduct life cycle
product life cyclemer5712
 
Product life cycle
Product life cycleProduct life cycle
Product life cyclesujianush
 

Similar to Product Life Cycle Stages Explained (20)

Product life cycle
Product life cycleProduct life cycle
Product life cycle
 
Product Life Cycle.ppt
Product Life Cycle.pptProduct Life Cycle.ppt
Product Life Cycle.ppt
 
Product Life Cycle
Product Life CycleProduct Life Cycle
Product Life Cycle
 
Product life cycle
Product life cycleProduct life cycle
Product life cycle
 
Product life cycle
Product life cycleProduct life cycle
Product life cycle
 
Product Life Cycle
Product Life CycleProduct Life Cycle
Product Life Cycle
 
Plc
PlcPlc
Plc
 
PLC.ppt
PLC.pptPLC.ppt
PLC.ppt
 
Product Life Cycle_bina amit Shukla
Product Life Cycle_bina amit ShuklaProduct Life Cycle_bina amit Shukla
Product Life Cycle_bina amit Shukla
 
Product life Cycle Dope #PLC
Product life Cycle Dope #PLC Product life Cycle Dope #PLC
Product life Cycle Dope #PLC
 
New-Product Development and Life-Cycle Strategies.ppt
New-Product Development and Life-Cycle Strategies.pptNew-Product Development and Life-Cycle Strategies.ppt
New-Product Development and Life-Cycle Strategies.ppt
 
Product Life Cycle
Product Life CycleProduct Life Cycle
Product Life Cycle
 
mental heallth
mental heallthmental heallth
mental heallth
 
Npd
NpdNpd
Npd
 
Growth final
Growth finalGrowth final
Growth final
 
Kotler09basic 1227033671738736 8
Kotler09basic 1227033671738736 8Kotler09basic 1227033671738736 8
Kotler09basic 1227033671738736 8
 
New-Product Development and Life-Cycle Strategies
New-Product Development and Life-Cycle StrategiesNew-Product Development and Life-Cycle Strategies
New-Product Development and Life-Cycle Strategies
 
product life cycle
product life cycleproduct life cycle
product life cycle
 
Product life cycle
Product life cycleProduct life cycle
Product life cycle
 
Product Strategies
Product StrategiesProduct Strategies
Product Strategies
 

More from mohd haris mohd hassan (17)

Mm consumer mkt & org mkt
Mm consumer mkt & org mktMm consumer mkt & org mkt
Mm consumer mkt & org mkt
 
Mm competition
Mm competitionMm competition
Mm competition
 
Marketing plan outline
Marketing plan outlineMarketing plan outline
Marketing plan outline
 
Marketing plan
Marketing planMarketing plan
Marketing plan
 
Cd6813 services
Cd6813 servicesCd6813 services
Cd6813 services
 
Cd6813 price
Cd6813 priceCd6813 price
Cd6813 price
 
Cd6813 npd
Cd6813 npdCd6813 npd
Cd6813 npd
 
Cd6813 decision making
Cd6813 decision makingCd6813 decision making
Cd6813 decision making
 
Cd6813 marketing strategies & plan
Cd6813 marketing strategies & planCd6813 marketing strategies & plan
Cd6813 marketing strategies & plan
 
Cd6813 channel
Cd6813 channelCd6813 channel
Cd6813 channel
 
Cd6813 business mkt
Cd6813 business mktCd6813 business mkt
Cd6813 business mkt
 
M mdealing withcompetition
M mdealing withcompetitionM mdealing withcompetition
M mdealing withcompetition
 
Mm brand equity
Mm brand equityMm brand equity
Mm brand equity
 
Mm brand
Mm brandMm brand
Mm brand
 
Mm stp
Mm stpMm stp
Mm stp
 
Mm environment
Mm environmentMm environment
Mm environment
 
mm_delivering value
mm_delivering valuemm_delivering value
mm_delivering value
 

Recently uploaded

Best VIP Call Girls Noida Sector 40 Call Me: 8448380779
Best VIP Call Girls Noida Sector 40 Call Me: 8448380779Best VIP Call Girls Noida Sector 40 Call Me: 8448380779
Best VIP Call Girls Noida Sector 40 Call Me: 8448380779Delhi Call girls
 
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Lviv Startup Club
 
Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Neil Kimberley
 
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableDipal Arora
 
Eni 2024 1Q Results - 24.04.24 business.
Eni 2024 1Q Results - 24.04.24 business.Eni 2024 1Q Results - 24.04.24 business.
Eni 2024 1Q Results - 24.04.24 business.Eni
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdfRenandantas16
 
A DAY IN THE LIFE OF A SALESMAN / WOMAN
A DAY IN THE LIFE OF A  SALESMAN / WOMANA DAY IN THE LIFE OF A  SALESMAN / WOMAN
A DAY IN THE LIFE OF A SALESMAN / WOMANIlamathiKannappan
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation SlidesKeppelCorporation
 
It will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayIt will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayNZSG
 
Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst SummitHolger Mueller
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfPaul Menig
 
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyThe Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyEthan lee
 
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetCreating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetDenis Gagné
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Dipal Arora
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Serviceritikaroy0888
 
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service DewasVip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewasmakika9823
 
BEST ✨ Call Girls In Indirapuram Ghaziabad ✔️ 9871031762 ✔️ Escorts Service...
BEST ✨ Call Girls In  Indirapuram Ghaziabad  ✔️ 9871031762 ✔️ Escorts Service...BEST ✨ Call Girls In  Indirapuram Ghaziabad  ✔️ 9871031762 ✔️ Escorts Service...
BEST ✨ Call Girls In Indirapuram Ghaziabad ✔️ 9871031762 ✔️ Escorts Service...noida100girls
 
RE Capital's Visionary Leadership under Newman Leech
RE Capital's Visionary Leadership under Newman LeechRE Capital's Visionary Leadership under Newman Leech
RE Capital's Visionary Leadership under Newman LeechNewman George Leech
 

Recently uploaded (20)

Best VIP Call Girls Noida Sector 40 Call Me: 8448380779
Best VIP Call Girls Noida Sector 40 Call Me: 8448380779Best VIP Call Girls Noida Sector 40 Call Me: 8448380779
Best VIP Call Girls Noida Sector 40 Call Me: 8448380779
 
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
 
Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023
 
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Pune Just Call 9907093804 Top Class Call Girl Service Available
 
Eni 2024 1Q Results - 24.04.24 business.
Eni 2024 1Q Results - 24.04.24 business.Eni 2024 1Q Results - 24.04.24 business.
Eni 2024 1Q Results - 24.04.24 business.
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
 
A DAY IN THE LIFE OF A SALESMAN / WOMAN
A DAY IN THE LIFE OF A  SALESMAN / WOMANA DAY IN THE LIFE OF A  SALESMAN / WOMAN
A DAY IN THE LIFE OF A SALESMAN / WOMAN
 
KestrelPro Flyer Japan IT Week 2024 (English)
KestrelPro Flyer Japan IT Week 2024 (English)KestrelPro Flyer Japan IT Week 2024 (English)
KestrelPro Flyer Japan IT Week 2024 (English)
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
 
Forklift Operations: Safety through Cartoons
Forklift Operations: Safety through CartoonsForklift Operations: Safety through Cartoons
Forklift Operations: Safety through Cartoons
 
It will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 MayIt will be International Nurses' Day on 12 May
It will be International Nurses' Day on 12 May
 
Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst Summit
 
Grateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdfGrateful 7 speech thanking everyone that has helped.pdf
Grateful 7 speech thanking everyone that has helped.pdf
 
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyThe Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
 
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetCreating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Service
 
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service DewasVip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
 
BEST ✨ Call Girls In Indirapuram Ghaziabad ✔️ 9871031762 ✔️ Escorts Service...
BEST ✨ Call Girls In  Indirapuram Ghaziabad  ✔️ 9871031762 ✔️ Escorts Service...BEST ✨ Call Girls In  Indirapuram Ghaziabad  ✔️ 9871031762 ✔️ Escorts Service...
BEST ✨ Call Girls In Indirapuram Ghaziabad ✔️ 9871031762 ✔️ Escorts Service...
 
RE Capital's Visionary Leadership under Newman Leech
RE Capital's Visionary Leadership under Newman LeechRE Capital's Visionary Leadership under Newman Leech
RE Capital's Visionary Leadership under Newman Leech
 

Product Life Cycle Stages Explained

  • 1. - Stages in which a product (or category of product) go through in terms of its sales and profit throughout its life. - There is no specific time frame for each of the stage in the PLC. 4 Main Stages: i. Introduction ii. Growth iii. Maturity iv. Decline
  • 2. - A period of sales growth as the product is introduced in the market. - Profits are non-existent because of the heavy expenses of product introduction (plus low sales). - No/very few competitors. - Introduce basic version. - Employ selective distribution. - Try to attractive dealers to carry the product. - Focus on innovators. - Marketing objective: to create awareness and trial.
  • 3. - A period of rapid market acceptance and substantial profit improvement. - Start to attract many competitors. - Need to improve/modify the current product (such as introducing new features) - Marketing objective: to maximize market share - Strategies: a. lower down the price b. develop intensive distribution
  • 4. - A slowdown in sales growth because the product has achieved acceptance by most potential buyers. - Profits stabilize or decline because of increased competition. - Competitors start cutting price to attract new buyers. - Marketing objective: to maximize profit. - Strategies: Emphasize on brand differences and value/benefit. - Towards the end of this stage, many competitors start leaving out the market.
  • 5. - Sales show a downward drift and profit erode. - Major reasons for declining: a. innovation and technology advancement b. changes in consumer’s taste c. stiff comptition - More and more competitors leaving the market. - Focus on the “laggards” - Need to determine the best strategy to a. maintain b. harvest c. drop - Maintain – if the best and with assumption that competitors will all gone. Need brand repositioning. - Harvest – to cut down various costs. - Drop – if there is no hope at all. Sell off the business.
  • 6. PLC could be extended by: a. increasing the frequency of consumption b. increasing the number of consumers c. developing new usage d. changing the package size, label and product quality
  • 7. PLC could be extended by: a. increasing the frequency of consumption b. increasing the number of consumers c. developing new usage d. changing the package size, label and product quality