Question 1evaluate the concept of the product life cycle, Ask an Expert

Management Studies

Question 1:

Evaluate the concept of the "product life cycle" (PLC) as a strategic management tool. Use examples to show how components of the marketing mix alter and change in relative importance within each stage of the PLC.

Question 2:

Explain why it is necessary for marketing managers to keep up to date with relevant technological developments. Illustrate your answer with examples to show how with the advent of internet, this has changed the ways of carrying out the marketing activities.

Question 3:

Using a flow diagram, illustrate the main sequential stages of the Marketing Planning Process (MPP). Then, explain the kind of marketing activities, information gathering and decisions made by management at each of the stages listed.

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Marketing Management, Management Studies

Category:- Marketing Management
Reference No.:- M9590246

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