8 Explain one way in which promotion can be used to extend a product’s life cycle.
Question
8 Explain one way in which promotion can be used to extend a product’s life cycle.
Solution
Promotion can be used to extend a product's life cycle in several ways. Here is one method:
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Identify the Stage: First, it's important to identify which stage of the product life cycle the product is currently in. The stages are introduction, growth, maturity, and decline.
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Develop a Promotion Strategy: Once the stage is identified, a promotion strategy can be developed. If the product is in the maturity or
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