Answered>Order 3009

Decline

Product Sales (Y axis): Introduction, Growth, Maturity, Decline (X axis)

Draw the life cycle of a specific product, predict its future evolution, and suggest a promising business model for a specific competitor.

Step 1: Select a product whose life cycle you can identify.

Step 2: Draw the life cycle of the product in the empty box.

Step 3: Consider the characteristics of the stages in the life cycle through which the product has evolved. Put your ideas in the relevant boxes in column two.

Step 4: Predict the future evolution of the product. Put your ideas in the relevant boxes in column two.

Step 5: Suggest a promising business model for a specific competitor. Put your ideas in the relevant boxes in column three