Providing products or services which meet some of the needs of a large proportion of the market
Back
Card 7
Front
The stage of the product lifecycle when the product is being developed and investment into research and development (R&D)
Back
Card 8
Front
The stage in the product lifecycle when a product is launched onto the market
Back
Card 9
Front
The stage in the product lifecycle where sales begin to increase at a relatively fast rate as consumers become aware and more confident of the new product
Back
Card 10
Front
The stage in the product lifecycle when the rate of growth of sales begin to slow. Market is likely to become saturated
Back
Card 11
Front
The stage in the product life cycle when sales are falling due to potential nee and better products in the market or consumer taste changing
Back
Card 12
Front
Plots the position of each product in terms of its market share and the relative growth of the market
Back
Card 13
Front
Products with relatively low share of the market and slow growth
Back
Card 14
Front
Well established products and have relatively high market share bit growing relatively slowly in the market
Back
Card 15
Front
Products which appear to be fast growing but aren't well established with a low percentage of market share