Practical sheet | REF: FIC0655 V1

Functional analysis: studying a product's life cycle

Author: Delphine Mathilde COSME

Publication date: April 10, 2012 | Lire en français

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    4. The role of the marketing and sales department

    It is the role of sales people to collect information in the field so that marketing, with the help of additional surveys, can analyze this information and conclude on :

    • the life expectancy of each product category;

    • the life cycle phase of each product;

    • the usefulness of launching new ranges or product variations;

    • strategies to avoid or delay the decline stage ;

    • launch a consumer survey on a product.

    4.1 Marketing strategies change over the life cycle

    The messages and media used by marketing vary according to the product life cycle.

    Marketing...

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