Product Life Cycle
The stages a product goes through
What is Product Life Cycle
The action or process of supplying goods to stores and other businesses that sell to consumers
What is distribution
Two or more complementary products are sold together at a discounted price
What is bundle pricing
A single piece sold with individual label and barcode
What is a product item
The time when a product is most profitable
What is the maturity stage
The person or company that sells goods in large quantities at low prices, typically to retailers
What are wholesalers
Setting prices lower than competition to build customer basis
What is penetration pricing
All product lines offered by a company
What is product width
The three ways to change things up in the Maturity stage
What are market, modify, and reposition
The process of managing, monitoring and verifying the stock held by a business
What is stock handling or inventory control
Setting prices based on demand and availability to maximize profit
What is yield pricing
The number of products in a product line
What is product depth