Product Life Cycle: What is it?
Posted: Tue Apr 22, 2025 6:09 am
As we know, every product that is launched on the market is subject to a life cycle, known as the “ product life cycle ”: but what does this process really consist of and what are the phases that distinguish it?
First of all, the product life-cycle is used in marketing strategies because it allows to design and monitor all the phases that concern it in order to be able to analyse the evolution and trend over time of any product on the market: each company will therefore have to take into account both the characteristics of the product and the sector in which it will be proposed since its duration itself will be determined mainly by the trend of sales .
The entire process can be documented through project azerbaijan phone number data
management tools such as Gantt charts , which can provide a graphical representation of a calendar of activities to plan, coordinate and outline specific project guidelines while always keeping a clear view of the project's progress.
First of all, the product life-cycle is used in marketing strategies because it allows to design and monitor all the phases that concern it in order to be able to analyse the evolution and trend over time of any product on the market: each company will therefore have to take into account both the characteristics of the product and the sector in which it will be proposed since its duration itself will be determined mainly by the trend of sales .
The entire process can be documented through project azerbaijan phone number data
management tools such as Gantt charts , which can provide a graphical representation of a calendar of activities to plan, coordinate and outline specific project guidelines while always keeping a clear view of the project's progress.