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The Product Life Cycle Concept Is Based On Four Premises
The Product Life Cycle Concept Is Based On Four Premises
1-1
Product Life Cycle (PLC)
Describes the advancement of products through
identifiable stages of their existence.
Total
Market
Sales
Time
1-2
The Diffusion Process
Innovators
(2.5%)
Early Adopters
(13.5%)
Early Majority
(34%)
Late Majority
Innovators Early Adopters
Early
Majority
Late
Majority
Laggards
(34%)
1-3
The Diffusion Process
Early Late
Innovators Early Adopters Laggards
Majority Majority
"The Chasm"
1-4
PLC Length and Shape
1-5
PLC: Characteristics
1-6
PLC Marketing Strategies
Stage Objective Marketing Strategy
1-7
Limitations of the PLC
1. The life cycle concept applies best to product
forms rather than to classes of products or
specific brands.