Question

Create a visual storyboard or physical prototype or service pilot of the toys that are planned to develop or sell. Identify and include the analyses of the Product lifecycle, the product category, and the relavent adoption cycle.

Answer 1

Life cycle refers to the period from the products,first launch into the market until it's final withdrawal and it split up on phases.It is the product agening process,like your life into different stages,same as life of product is divided.

Product life cycle is importance to marketing decision makers is to help identify appropriate strategies and tactics for presenting the product,each stage of presentation a different set of in controllable variable to consider in the development of product and market strategies.

Development stage:

Product development phase begin when a company finds and develop a new product idea,sales are zero and revenue are negative.

Introduction stage:

Develop detail drawing specify the size and shape of pieces,product opens up and entirely new in market replace an existing product stage,sales grow at very lower rate,marketing mix may also help to find target audience during the promotion.

Growth stage:

It's given the satisfaction of seeing product grow on in the market place,it is focus on increase market share,the sale and profit are increase,like use digital concept (using 3d modeling software)and increasing the production for sales.

Maturity stage:

Company will analysis concept and find how child will play with you,so it stage for increase the product life,market becomes saturated because the household,demand is satisfied and distribution channel s,are full,during the period new brands are introduction even they compete with the company existing product.

Decline stage:

This is final stage of product life cycle and actual sales begin,you certification mark demonstrate to consumer that the product they may quality check, the decision for with drawing a product seems to be complex task and there a lot of issues to be resolved before with decision to move it out the market,the sales and profit fall down sharply and promotional expenditure has to be cut down drastically.