Question

1- Can you think of product categories in the mature stage that are poised to be...

1- Can you think of product categories in the mature stage that are poised to be reinvented? Explain your answer

2- If a product makes it through a rigorous development process, will it be a sure success? Why or why not?

3-Is there a risk to having an overwhelmingly service-oriented economy? Explain

4- How does the implementation of supply chain management result in enhanced customer value?

5- Which, if any, supply chain functions can be performed over the internet?

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Homework Answers

Answer #1

1.

Product lifecycle has the following four stages:
1) Introduction
2) Growth
3) Maturity
4) Decline

In the maturity stage, the sales of a product maximise and it can grow no more. Therefore, beyond the maturity stage, the market size of the product keeps declining. In the maturity stage, a product faves competition from more efficient substitutes or technologies.An example of a product in the maturity stage of the product lifecycle is the DVD player. The DVD players market has grown to the stage beyond which it can grow no more. In addition, it is also facing competition from other more efficient technologies such as online streaming services (Amazon Prime Videos, Netflix, etc) and other digital services and technologies.

Therefore, DVD players are in the maturity stage.

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