Write down 700- to 1,050- word paper examining how company has managed each stage of product life cycle of its popular MP3 player. Find out which stage of life cycle the product is in presently. Defend why you feel product is in stage you identified. Your paper must include following elements:
A short description of product's objectives and marketing strategies
Analysis of introduction phase of product
An overview of how company has managed or must manage product through growth stage
Review of how maturity stage has affected or will affect product's sales, profits, pricing, and marketing communication
Prediction of product's decline in marketplace.