Friday, December 18, 2009

Introduction Stage:

"The product life cycle stage in which the new
product is first distributed and made available
for purchase".

The introduction stage starts when the new product is first launched. Introduction takes time
and sale growth is apt to be slow. Well-known products such as instant coffee and frozen orange
juice lingered for many years before they entered a stage of rapid growth.

2 comments:

Syed Ahmad Hashmi said...

useful addition once again. keep the good work going.

M. Umer Toor said...

You gave the example of instant coffee, etc. Another great example can be mobile phones. What is most interesting to note is the phenomena of "Tipping Point" in the sales figure, when at a certain point in time sales EXPLODE almost to the maximum. Mobile phones the best global example of that. For more, see "Tipping Point," by Malcolm Gladwell, available in Variety Bookshop 2nd floor on right side, Liberty Market...