1. Product Life Cycle
There is no competition and price is set to penetrate the market. ... This stage occurs when a new product enters the market. ... Digital cameras can definitely succeed for its mass targeting but sellers need to develop some strategy to attract customers. ... Target market for this product, however, are not only young people, but also drivers, going on long trips, or managers, who need to concentrate on their work. ... Because almost everyone buys soft drinks, there is no need to specially target a group of buyers. ...
- Word Count: 880
- Approx Pages: 4
- Grade Level: High School