Maintain the product, possibly rejuvenating it by adding new features and finding new uses. Each level has objectives specific to that level. Which of the following pricing strategies has stimulation of sales as a higher priority than maximization of profits? 5. All cycads may be called “functional conifers,” for all species bear strobili; these strobili are of a simple type, unlike… angiosperm: General features …life cycle consists of a sporophyte phase and a gametophyte phase. Adults can be divided into; young adults (20 – 36 years), middle-aged adults (36 – 55 years) and older adults (55 – 65 years). Fruit. A life-cycle assessment or LCA analyses the impact of a manufactured product. Select three options. An egg from the mother is fertilised by a sperm from the father and turns into an embryo inside the mother’s womb. Products have a limited life and, thus, every product has a life cycle. Which of the following accurately describes the life cycle of most gymnosperms? Break Even: The diagram shows when a product is expected to break even once it is introduced into the market. Answer Anonymously; Answer Later; Copy Link; 1 Answer. Adults can reproduce, make their own families and so continue the life cycle. Planning is the first stage of the asset life cycle. The best example of the predictive life cycle that we all have heard is water fall model. The primary objective at this point is to defend market share while maximizing profit. If $100,000 of life insurance proceeds were used in a settlement option, which paid $13,000 per year for ten years, which of the following would be taxable annually A) $3,000 B) $13,000 C) $10,000 D) $7,000 It is important to note that product termination is not usually the end of the business cycle; rather, it is only the end of a single entrant within the larger scope of an on-going business program. They are simply; foetus, baby, child, adolescent, adult and old person. Plants have a one-part life cycle and are entirely diploid; humans spend their lives in a haploid phase. Stage 6 . The company will want to prolong this phase so as to avoid decline, and this desire leads to new innovation and features in order to continue to compete with the competition which, by now, has become very established, advanced and fierce. Answered May 17, 2018. Different plants have a different number of phases in their life cycle; humans … During the puberty a rapid growth and changes of the body take place. Scholastics - lots of ready to go resources. For example, there may be less competition. Once it became the norm for everyone to have a Facebook account, the growth stage passed. Pricing may be low penetration to build market share rapidly or high skim pricing to recover development costs. Risk, or … In the process, they miss out on opportunities to differentiate themselves. Just because a product successfully completes the launch stage and starts its life cycle, the company cannot take its success for granted. Different products will have differently shaped product life cycle curves. Therefore, adolescents are also called teenagers. updated 4/20. Profitability will fall, eventually to the point where it is no longer profitable to produce, and production will stop. Sales volume declines as competition becomes too strong for the company in question; as well as the fact that changes in consumer tastes and new technologies also erode sales. Briefly describe the life cycle of a flowering plant, such as an apple tree. For these, the product life cycle model is less useful. The company often looks at introduction improvements and innovations so as to cement their position in this stage, and discourage competitors from having any success in copying the product and selling substitutes. Which of the following options BEST describes an example of price lining? And in some cases, they might be able take their new products forward straight into the growth phase. Pricing is maintained as the firm enjoys increasing demand with little competition. When a product first launches, sales will be low and grow slowly. So, during the maturity stage, the following occurs: During decline, sales growth becomes negative, profits decline, competition remains high, and the product ultimately reaches its ‘death’. By viewing the product life cycle in the same way, marketers pursue similar positioning strategies for products and services during each stage of the life cycle. A. In the market introduction stage (following product development ), the product is released on to the market. Follow. Increased competition in this stage may lead to falling prices as the company competes with others to gain and keep hold of market share. Demand must be created through promotion and awareness campaigns. Differing products possess different product life cycle “shapes. Harvest the product–reduce costs and continue to offer it, possibly to a loyal niche segment. The PC is still used all over the world, but its popularity has declined dramatically. Profits can be improved by reducing marketing spending and cost cutting. Product quality is maintained and additional features and support services may be added.
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