Understanding the various phases of a product or service lif

Understanding the various phases of a product or service life-cycle is critical when addressing a market. If your product is in decline and the competitor’s product is in growth, your strategy for the product or service will be different. This exercise will enable students to demonstrate an understanding of both their product/service life cycle stage and a competitor’s product. It is designed to help students explore product mix strategies in the various phases of a product or service life cycle. This tool is critical when addressing a market penetration, market saturation or product/service declineInclude the following:Brief SWOT (emphasizes internal market–Strengths, Weakness, Opportunities, Threats) and/or TOWS (emphasizes the external market–Threats, Opportunities, Weakness, Strength).A graph or chart if the team deems it necessary. Prepare a SWOT Analysis of the company COSTCO WHOLESALE CORPORATIONAttach a plagiarism checker.http://www.plunkettresearchonline.com.contentproxy…

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