- The image shows information about product life cycle.
- The product life cycle consists of four stages: Introduction, Growth, Maturity and Decline.
- Once a product has been developed, the first stage is its introduction stage. In this stage, the product is being released into the market. This is followed by the growth stage, where consumers are already taking to the product and increasingly buying it. When a product reaches maturity, its sales tend to slow or even stop. In the decline stage, product sales drop significantly and there is less demand for the product.
- After analyzing the key aspects, it can be concluded that this image shows crucial information about product life cycle, which is strongly supported by data and facts.
