Product Lifecycle and Product Mix Session 4

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Product Lifecycle and Product Mix

Product Lifecycle and Product MixPGPEX2016

PLC with Profit curve

Product Life Cycle

Why Product Mix/line decisions?Provides better market access, Growth ExpansionInvolves huge investment/disinvestmentProducts have close mutual influence (with exception)Process of adding more products to the lineValid only if; There is a well established brand arena & customers are accustomed to switch.Competitor lacks a comparable productCompetitor have already expanded to the proposed area.

MANAGING PRODUCT MIX/LINESFactors influencing Product Mix/Line Decisions

Changes in Market demand

Competitive action and reaction

&Marketing Influences

Financial Influences

Product Influences