What are the stages of product lifecycle
Development
Introduction
Growth
Maturity
Decline
What is stage development
Product is being tested and designed
What is stage introduction
Product has just been launched customers are buying and trying the product sales increase
Stage growth
Product is more popular customers will buy it again
Increase sales
Stage maturity
Anyone who wanted to try the product have no new customers
Decline sales
Stage decline
No new customers and repeated customers are reducing