Buy custom Product Life Cycle Of Fads &Amp; Trends
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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1577 |
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E.g. the product maybe unchanged if it is being harvested or liquidated. The price maybe maintained if the product is harvested, or drastically reduced if liquidated.
Some more extension strategies that extend the life of the product can be enumerated as follows:
- Advertising: Try to gain a new audience or remind the current audience about your product...
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E.g. video messaging on mobile phones.
- Add new products to same product line. E.g. new products with same brand name (“Line Extensionâ€) or new product with a different brand name (“Flanker Brandâ€).
- Exploring new markets: Try to sell your product in new markets. E.g. abroad.
- New packaging: Brightening up or changing the packaging of then product partially or entirely...
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General points of the essay
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