Analyze the lifecycle of an existing product. Choose a product that has been on the market for a few years and describe how the product has evolved throughout its lifecycle. Describe the basic product in the introductory stage of the lifecycle. How did that product evolve in its growth phase – were new features added, for example? When the product reached the maturity phase of the lifecycle, how did the product continue to evolve – were additional brand extensions created, for example? Finally, if the product has reached the decline stage, how would you now describe the product?
| PLACE YOUR ORDER NOW AT writtask.com |
WE WRITE PAPERS FOR STUDENTS
Tell us about your assignment and we will find the best writer for your project.
Write My Essay For MeMODEL ANSWER
The product life cycle involves several | PLACE YOUR ORDER NOW AT writtask.com | phase entails introducing the product into the market and has slow sales and inconsistent profits due to the high | PLACE YOUR ORDER NOW AT writtask.com | stage is a period of enhanced profits and market acceptance. In the maturity stage, sales have slowed down since individuals have already accepted the product, and profits have stabilized or have started to decline due to competition among | PLACE YOUR ORDER NOW AT writtask.com | stage exhibits a downward trend in sales and profits (Sraders, 2019).
The Product Life Cycle of the Typewriter
Before its introduction into the market, innovators had long developed the idea starting | PLACE YOUR ORDER NOW AT writtask.com | 1575, and later on, they introduced it in the | PLACE YOUR ORDER NOW AT writtask.com | typewriter became quite popular since it enhanced the efficiency and ease | PLACE YOUR ORDER NOW AT writtask.com | stage, people quickly accepted and adopted the typewriter’s use, which became a widely used tool for all writing types, building its name in many businesses, homes, and offices garnering high profits and sales. People continued to use typewriters during its maturity stage for about eighty years, and it remained the preferred tool for typing until the 1980s (Kurmis, 2019).
Later in the 1990s, the typewriter faced stiff competition after introducing commercial computers, which were much easier to use and had multiple features such as editing | PLACE YOUR ORDER NOW AT writtask.com | fell drastically during this period. Eventually, technological advancements gave rise to new portable devices such as laptops and smartphones, rendering typewriters obsolete with the only minor addition of features such as portability and lightweight, and brand extensions such as the Selectric II that introduced the correction tape, in the growth and maturity | PLACE YOUR ORDER NOW AT writtask.com | technologies completely overwhelmed the typewriter leading to | PLACE YOUR ORDER NOW AT writtask.com | the world considers the typewriter extinct with minimal or no sales and, if any, for collection purposes only. However, some individual writers use them to avoid internet distractions
References
Sraders, A. (2019, March 04). What Is the Product Life Cycle? Stages and Examples. https://www.thestreet.com/markets/commodities/product-life-cycle-14882534
Kurmis, O. (2019, February 25). The history of the typewriter. https://home.bt.com/tech-gadgets/computing/accessories/from-the-writing-machine-to-the-computer-keyboard-the-evolution-of-the-typewriter-11363991455145
Order Original and Plagiarism-free Papers Written from Scratch:
