Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

Week 3 - Apply The Product Life Cycle (PLC)

Week 3 - Apply The Product Life Cycle (PLC)

Q Scenario: You currently work as the marketing manager of your favorite company/organization and manage the success of one of its products or services. Your responsibility is to monitor the stages of the Product Life Cycle (PLC) and adjust the marketing strategies as needed for your product so that it can thrive for as long as possible. At each stage, you assess changes in the target market, determine changes that you need to make to the product or price strategy, and review the competition and profitability. ? Create a 10- to 15-slide (not counting cover slide or reference slide) Microsoft PowerPoint, Prezi, or Microsoft Sway presentation with speaker's notes that covers the following criteria: ? Develop a slide that establishes the theme and goals of the presentation. ? Define and discuss the PLC concept and its importance to marketing managers. ? Discuss why the PLC is important to marketing managers, and provide examples of the possible implications if the PLC is not monitored. ? Describe the selected company/organization, product/service, the target market for this product, and how the product/service is presented to the selected target market. ? Describe how brand equity can be used to create a positive customer image of your product. ? Describe each stage of the PLC, and analyze the implications that each stage may have on pricing, product definition, competition, and profitability for your selected product/service. ? Please include at least two references with source citations. Please follow APA guidelines.

View Related Questions

Solution Preview

The theme and goals of the presentation ? To underscores the central message of this presentation ? To mention objectives ? To discuss the growth of a product ? To discuss different aspects of PLC