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MGT211 Assignment 1 Solution Fall 2022

When a product enters into the market, often unfamiliar to the consumers, it has a life cycle that carries it from being new and useful to ultimately being aged out of circulation in the market. This is a continuous process, as products move from their development and introduction stages all the way through maturity to their decline and ultimately retirement. The product life cycle is the procedure where a product goes through from when it is first introduced into the market until it declines or is removed from the market. A product develops through different stages in its life time. The sequence of stages from introduction, growth, and maturity to decline is referred to as Product life cycle. It is also considered that “product development” is a product life cycle stage that comes before introduction. Each product is associated with different strategies and changes to move to or stay under a specific stage. Some products, however, complete whole product life cycle and some fade away before even getting into the maturity stage.

MGT211 Assignment 1 Solution Fall 2022, mgt211 assignment 1 solution, mgt211 assignment 1 solution 2022, mgt211 assignment solution 2022, mgt211 assignment solution 2022 download.

Requirement from the following list of products, you are required to discuss in which product life cycle stage the product falls. Also, justify each of the following products with one concrete reason for being in that particular stage.

  • Coca-Cola with Coffee Mocha: A latest introduction by Coca-Cola in global market.
  • Nike- A famous and global leader in footwear and athletic apparel brand.
  • Suzuki Potohar- A brand from Pak Suzuki Motors which has not been manufactured anymore.
  • J. – A famous brand introduced by late Junaid Jamshed with expertise in men & women
  • apparel and fragrances.
  • Nestle’ Pure life Water

Use the font style Times New Roman or Arial and font size 12. It is advised to compose your document in MS-Word format. You may also compose your assignment in Open Office format. Use black and blue font colors only.

MGT211 Assignment 1 Solution Fall 2022, mgt211 assignment 1 solution, mgt211 assignment 1 solution 2022, mgt211 assignment solution 2022, mgt211 assignment solution 2022 download.

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