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Is it possible for a company to accurately predict how long a product will remain in the growth phase? If so, how might they go about doing this?

Respuesta :

melmelpilarow4nfr
Products go through a lifecycle from launch to withdrawal. They’ll become increasingly profitable during the growth and maturity phases, leaving declining product on the market.
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Answer:

No its not possible to accurately predict the life cycle of a product.

Explanation:

No one can accurately predict the life cycle of any product and that companies do have some ability to control the length of some of the stages. Ultimately, what is key for companies is to understand how to approach marketing and communication in an effective way while their product is in each stage.

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