Question

All products go through the four product life cycle stages. Introduction, growth, maturity and decline. Explain the life cycle stages of the product the

Product Life Cycle Stories e Resources Introduction, growth, maturity and decline. Every product has a life cycle story waiting to be told. In this interactivity, you're going to document the story of a product, product category or brand that rences olium has progressed through the four product life cycle stages. Guided Response: Review section 3.2 in our text regarding product life cycles. Identify an appropriate product, product category or brand. One that has moved through all phases of the life cycle Do a web search for dead brands or product fads. Or use this article about bygone tech e for inspiration. Research your brand/product/category to answer the following: The approximate timing of each life cycle phase. The key events that marked the start or end of each phase. Use at least three source es. Post this information to the discussion forum below. o In the title of your post identify your product/brand/category. Your response must be at least 300 words and also refer to your textbook. Use at least three sources in addition to your textbook. O Respond to at least three classmates for brand/products/categories other than the one you picked. Subscribe

Handheld video camera

Answer 1

Yes, exactly PLC Curve is the diagram that helps us graphically understand the product life cycle of the product which goes through all the phases such as introduction, growth, maturity and decline

For the Handheld camera the following can be the product life cycle, since you've not mentioned a company in particular I'll explain it to you in a generalized way.

Introduction - Actually handheld video cameras were introduced in 1908 because it was the time when an actually handheld camera was used and properly made it available to the outside world.And from then it got a considerable demand which was later increased the demand for handheld video cameras till the introduction of DSLR's. So in this stage the demand for cameras are somewhat low and the costs are usually high and negligible market competition.

Growth - In this stage the demand for handheld cameras increased and the costs got slowly declining down the line due to slow introduction of other alternatives.

Maturity - At the stage the demand will start declining and the product, here handheld camera reached it's peaks stage of profitability and it will no longer be demanded and no longer generate profits.

Decline - At this stage the overall growth, share and profits start declining gradually which makes the companies which produce such handheld cameras withdraw the product or discontinue it.