Stages of the PCL
The stage of marketing in which the product is put out on to the market.
Introduction Stage
Marketing that involves political status and tax rates
Political
Involves relationship status, religion, and rate of consumption
Demographic
involves determining client. needs and wants and responding through planned, personalized. communication that influences purchase decisions and enhances. future business opportunities.
Selling.
The number of buyers and sellers in a particular market.
Market Size
The indefinite end of the product life cycle
Death of a product
involves demographics and shopping habits, such as relationship status and religion
Social
Involves where you live and where you travel to
Geographic
function within a company dealing with new product development, business justification, planning, verification, forecasting, pricing, product launch, and marketing of a product or products at all stages of the product lifecycle.
Product management.
a way of selling a company’s product either directly or via distributors.
Distribution channel
Stage in which product reaches its peak and continues to try to stay alive.
Maturity Stage
What are the 4 Ps of Marketing
Product, Price, Promotion, Place
Marketing that aspects that influence consumer purchase behavior such as lifestyle, social status, opinions, and activities.
Psychographic
system by which marketing operations teams gather, organize and evaluate internal data, competitive intelligence, and marketing research. Marketing information management ensures you have the most correct information when it comes to your customers.
Marketing information management.
Small but profitable segment of a market in which a company is a specialist, a very specific form of target marketing.
Market Niche
Stage in which the product sales start blowing up usually after the product is introduced on the market.
Growth Stage
New machinery or software and new ways of transactions
Technological
Marketing where users may share the same lifecycle stage, previously purchased particular products, or have similar reactions to your messages.
Behavioral
which people trade securities and derivatives at low transaction costs.
Financing.
a promotion intended to create goodwill for a person or institution
public relations
Slowing of sales and loss of money for the company as it struggles to stay on the market.
Decline Stage
Strategy that involves taxes and stability
Economical
What is this section about? Behavioral, Psychographic, Geographic, Demographic)
Marketing Segmentation
process of making a product or service available for the consumer or business user who needs it.
Distribution.
activities, materials, and techniques used tosupplement or coordinate advertising. Sales promotion includes coupons, sales, discounts, premiums, sweepstakes and contests. One of the most common marketing words.
Promotion