Product Life Cycle
The first stage of the product life cycle.
Introduction
Seven
The loudest person in this class
Carderelli
What does the "O" in SWOT stand for?
Opportunities
Producing and marketing the product happens at this step
Commercialization
The second stage of the product life cycle.
Growth
New ideas come from this step
Idea Generation
The quietest person in this class
Ava
What the "S" stands for in SWOT
Strength
Financial decisions related to the new product are made during this step
Business Analysis
Also known as the third stage of the product life cycle.
Maturity
Offering a new product in a small geographical area happens in this step
Test Marketing
The number of freshmen in this class
2
What the "W" in SWOT stands for
Weakness
Conducting a focus group happens at this step
Screening and Evaluation
The final stage of the product life cycle.
Decline
Prototypes are developed during this step
Development
Who is no longer a member of our Sports Marketing class
What does the "T" in SWOT stand for.
Threats
Helps to develop a product that matches your company's objectives happens in this step
SWOT Analysis
Competitors enter the market during this stage.
Growth
The first model of the product is made during this step
Development
Which country is Jort from
Netherlands
Step 1
How many steps in New Product Development
Seven