Develop a slide setting the theme and goals of the presentation.

Product Life Cycle

Assignment Steps

Resources: Marketing: Ch. 1: pg. 4-10; Ch. 2: pg.40-46, 54-69; Ch. 11: pg. 292-309

Scenario: You currently work as  the marketing manager of your favorite company/organization and manage  the success of one of its products or services. Your responsibility is  to monitor the stages of the Product Life Cycle (PLC) and adjust the  marketing strategies as needed for your product to thrive for as long as  possible. At each stage, you assess changes you need to make to the  product, price strategy, as well as competition and profit.

Create a 10- to 20-slide (not counting cover slide or reference slide) Microsoft® PowerPoint® presentation with speaker’s notes covering the following criteria:

  • Develop a slide setting the theme and goals of the presentation.
  • Define and discuss the PLC concept and its importance to marketing managers.
  • Define and discuss what role pricing strategy has in marketing and how marketing mangers decide what strategy to use.
  • Describewhat company/organization and product/service you are using.
  • Create one slide for each of the four stages of the PLC describing  the stage and analyzes the implications each stage may have on price  strategy, product, competition, and profit for your selected  product/service. Use the product/service you selected to illustrate each  stage as it is discussed with original examples.
  • Discuss the reasoning behind why the PLC is important to marketing  managers and share examples of possible implications if it is not  monitored.

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