Marketing Pricing‚ promotion‚ strategy MIS IT/IS systems‚ services Operations Schedules‚ MRP‚ workloads Product/service design New products and services F EATURES COMMON TO ALL FORECASTS Assumes causal system p ast ==> future Forecasts rarely perfect because of r andomness Forecasts more accurate for g roups vs. individuals Forecast accuracy decreases a s time horizon increases I see that you will get an A this semester. E LEMENTS OF A GOOD FORECAST Timely
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product progresses through a sequence of stages from introduction to growth‚ maturity‚ and decline. This sequence is known as the product life cycle and is associated with changes in the marketing situation‚ thus impacting the marketing strategy and the marketing mix. The product revenue and profits can be plotted as a function of the life-cycle stages as shown in the graph below: Product Life Cycle Diagram Introduction Stage In the introduction stage‚ the firm seeks to
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Butterflies go through a life cycle. There are four stages. The first stage is the eggs. This is where a girl butterfly lays eggs. She lays them on a leaf. The second stage is the caterpillar. This is where the eggs hatch. It takes about five days for the eggs to hatch. A caterpillar then comes out. At this stage‚ the caterpillar eats all the time. It also grows really fast. Once it is all the way grown‚ the third stage starts. This stage is the chrysalis. The caterpillar makes a chrysalis. The caterpillar
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Product Lifecycle Management Stage 4: Decline The decline stage of the product life cycle is the one where the product ultimately ’dies’ due to the low or negative growth rate in sales (see Figure 1). Profitability will fall‚ eventually to the point where it is no longer profitable to produce‚ and production will stop. As a number of companies start to dominate the market‚ it becomes increasingly difficult for the company in question to maintain its level of sales. Consumer tastes also change
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The Business life cycle can be split into 4 main stages. These are- Establishment‚ Growth‚ Maturity and Post-maturity. Post-maturity can be split into a further 3 “options”. These are- Establishment is when the business is created. In the phase‚ it is vital to create a strong foundation and secure income. You must make sure the expenses do not outweigh your income. You find it difficult to getting finance‚ due to low profit and sale levels from poor customer awareness. This can be very problematic
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The product life cycle concept is the explanation of the product from its birth to death as a product exists in different stages and in different competitive environments. William j.stanton Like humans every product have certain length of life during which it passes through various stages ‚ which can conceptually be represented as product ageing process. Similar to human life a product`s life can also divided into four parts. Introductory stage Growth stage Maturity stage Decline stage
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becomes a "white dwarf". After the white dwarf cools down enough it stops shining and dies‚ forming a "black dwarf". Another life cycle of a star involves a star with a mass of 10 solar masses or more. These stars evolve similarly to stars of about 1 solar mass until they reach "main sequence". The star shines bright until all of its hydrogen has fused to form helium. This takes only millions of years‚ compared to the billions it takes smaller stars. The huge star then becomes a Red Supergiant with
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a supernova will disturb the gas and dust. The dust and gas may then start to clump together‚ gravity will then clump more and more gas together‚ this is when the star starts the next part of its life cycle. Protostar: A protostar is when the gas has clumped together and it getting hot but has not reached what is known as critical mass. At this point the gas will be hot enough to glow. but since there is still a large amount of dust surrounding the gas there isn’t much radiation given off in the
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Resources have a funny way of disappearing when you most need them. If we are talking about human resources then you will find that your team members end up stretched and pulled all over the place once the work starts to pick up in earnest. In terms of other resources such as office equipment‚ it can be important to plan well ahead and order anything you are going to need a long time before you actually need it. 2. Project Plan Ignored - So‚ you go to the trouble of drawing up an excellent project
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Bangalore‚ Hyderabad and then increase its regional base to more cities in India. This business plan talks about the company information in terms of Vision‚ Mission‚ Objectives‚ and Values. This document describes the basic business model describing the categories of business‚ details of the processes and salient features. The operations describe the operations‚ logistics involved and the SCM in details. How we optimize it to give best value to the customers. It also talks about the inventory
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