https://padlet.com/marge_sassi/f1zzqapgo7u0 Please answer the 5 questions about the Product Life Cycle + read your fellow-students answers ;-) PLEASE KEEP IN MIND that the answers are not discussed in the book, please just use your analytical skills and express your opinion ;-) en-us 2018-09-06 09:09:42 UTC 2020-03-31 09:14:39 UTC hello@padlet.com marge_sassi https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/278323794 2018-09-06 09:12:31 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/278323794 marge_sassi https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/472418111 2020-03-24 10:35:52 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/472418111 marge_sassi https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/472422282 2020-03-24 10:38:05 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/472422282 marge_sassi https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/472427179 2020-03-24 10:40:31 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/472427179 marge_sassi https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/472480920 2020-03-24 11:08:33 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/472480920 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474069299 Because in the introduction phase they have to pay for promotional events and developing the product. therefore they need to charge more to get their money back.]]> 2020-03-25 08:54:56 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474069299 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474075227 They want to attract new customers by showing them what's good about their product]]> 2020-03-25 08:58:31 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474075227 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474076732 Product is introduced to the market and at first it needs to make money to pay for the promotions etc.]]> 2020-03-25 08:59:31 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474076732 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474078411 They want to win over customers from other companies by showing them what they can do better.]]> 2020-03-25 09:00:43 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474078411 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474082113 Because in the introduction phase they have to pay for promotional events and developing the product. Also it's always better to just lower the price than to raise it, it's more appealing to the customer. 

]]> 2020-03-25 09:03:07 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474082113 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474082515 Customers get tired of cinnamon ice cream and don't want it anymore.]]> 2020-03-25 09:03:23 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474082515 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474083425 Because you can get the growth up really fast when showing whats good about the products and also the price is being brought down and that helps it also.]]> 2020-03-25 09:03:58 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474083425 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474088516 Scientists discover new virus that comes only from cinnamon ice cream.]]> 2020-03-25 09:07:05 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474088516 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474089221 Toilet paper is being bought in bigger volumes that means revenue is higher but it doesnt really affect the life cycle because everyone will buy toilet paper after the pandemic.]]> 2020-03-25 09:07:33 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474089221 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474090685 The life cycle of any toilet paper product looks like this: out of the factory, into to store, into the customers home and then left sitting in the corner of the room. (Because they stocked up so many)]]> 2020-03-25 09:08:27 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474090685 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474092082 During the growth phase people become more aware of the product and become aware the benefits, which means that product sales grow.]]> 2020-03-25 09:09:20 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474092082 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474092549 4. People's taste changed and there is no longer a need for this product. ]]> 2020-03-25 09:09:40 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474092549 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474093420 Advertising costs typically are high during this stage in order to rapidly increase customer awareness of the produ and to target the early adopters.]]> 2020-03-25 09:10:12 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474093420 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474093507 Advertising costs typically are high during this stage in order to rapidly increase customer awareness of the product and to target the early adopters.]]> 2020-03-25 09:10:16 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474093507 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474093939 They want to attract new customers by showing them what's good about their product]]> 2020-03-25 09:10:34 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474093939 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474094013 Advertising costs typically are high during this stage in order to rapidly increase customer awareness of the product and to target the early adopters.]]> 2020-03-25 09:10:37 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474094013 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474094099 Advertising costs typically are high during this stage in order to rapidly increase customer awareness of the product and to target the early adopters.]]> 2020-03-25 09:10:40 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474094099 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474095865 It might have a very specific taste, which may lead to the ice cream not being quite enjoyable on daily/weekly basis. If it has the same effect on alot of people, the sales will start to fall.]]> 2020-03-25 09:11:47 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474095865 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474099331 For ex if the product is known on the market beforehand (like Apple), then people already know the up and downsides of it. So when they launch a new product, people already know what they want out of it and if they want it. This gives Apple an "advantage", and they can make the price higher cause people are going to want their product anyway.]]> 2020-03-25 09:13:59 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474099331 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474099462 1) Advertising costs typically are high during this stage in order to rapidly increase customer awareness of the product and to target the early adopters.]]> 2020-03-25 09:14:05 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474099462 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474103037 To attract new customers by showing them what is the benefits of their product.]]> 2020-03-25 09:16:13 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474103037 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474106908 2) To attract new customers by showing them what is the benefits of their product.]]> 2020-03-25 09:18:32 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474106908 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474108978 As the company will attempt to prolong the maturity phase as long as possible, it will likely introduce alterations and innovations to the product to keep customers interested and stay a step ahead of the competition]]> 2020-03-25 09:19:50 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474108978 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474110610 During the crisis people buy large amounts of toilet paper per person, but after the crisis it will most likely stop. I believe that the sales will drop.]]> 2020-03-25 09:20:55 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474110610 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474113923 3) They want to show to costumers what they can do better than other companies.]]> 2020-03-25 09:22:55 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474113923 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474115248 4) Alike product came out, but with a lower price.]]> 2020-03-25 09:23:45 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474115248 https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474119761 5) Toilet paper is bought anyway, and I think life cycle won’t change a lot, although most likely demand on a toilet paper is now higher than it was.]]> 2020-03-25 09:26:29 UTC https://padlet.com/marge_sassi/f1zzqapgo7u0/wish/474119761