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  • Ita 5

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    Dagger Santin
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    The document outlines the 4 main stages of a product's life cycle: 1) Introduction, when a product is first brought to market. 2) Growth, when sales increase rapidly as the product gains acceptance. 3) Maturity, when sales peak and the product has gained widespread distribution and adoption. 4) Decline, when the product becomes obsolete or is replaced by newer versions.

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    ita 5

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    The document outlines the 4 main stages of a product's life cycle: 1) Introduction, when a product is first brought to market. 2) Growth, when sales increase rapidly as the product gains acceptance. 3) Maturity, when sales peak and the product has gained widespread distribution and adoption. 4) Decline, when the product becomes obsolete or is replaced by newer versions.

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    © All Rights Reserved
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    4 views1 page

    Ita 5

    Uploaded by

    Dagger Santin
    The document outlines the 4 main stages of a product's life cycle: 1) Introduction, when a product is first brought to market. 2) Growth, when sales increase rapidly as the product gains acceptance. 3) Maturity, when sales peak and the product has gained widespread distribution and adoption. 4) Decline, when the product becomes obsolete or is replaced by newer versions.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Stages of Product Life Cycle

    - Introduction

    - Growth

    - Maturity

    - Decline

    Summary:

    1. Adam Smith was in favour of free trade because it promotes division of labor and increases income. In his

    theory of absolute advantage, he said that it is not good to make a product if it is cheaper to buy it.

    2. The benefits of international trade are: improvement of the standard of living, acceleration of economic

    development, stimulation of production, generation of foreign exchange earnings, promotion of product

    specialization, and increase of consumer’s satisfaction.

    3. The bases of trade are price, technology and natural resources. Such factors are not the same in every

    country. Naturally, people buy from a country with the lowest price and sell to a country with the highest

    price. Countries with better technologies and surplus natural resources are in the best position to reduce

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