Product DevelopmentStudents NameCourse NameProfessors NameDateAny product in its development goes through four stages; Introduction, Growth,Maturity and Decline. A product in the introduction stage include the 3D TVs such a productis very costly and do not have many users in the market. The product is new and the companyhas to spend a lot of money in advertisements and customer awareness. 3D TVs for exampleare new in the market. Very few individuals have them both in Europe and America due totheir high cost. This product is still growing and may get bigger market in future.In the growth stage, we have products such as Blue ray disks and DVR. Such productshave a characteristic of massive expansion in both sales and service. Many individuals havelearned the benefits of these DVRs due to advertisement and want to buy more of theseproducts. Due to massive sales, compani ...
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