The marketing goal for a product in the growth stage of its product life cycle is to ________.

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16-08-2022
Business

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The marketing goal for a product in the growth stage of its product life cycle is to ________.

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pannurekha166 pannurekha166 · Answer 1 · 2022-08-20T09:18:48+02:00

The primary goal of marketing tactics utilized during the growth stage is to boost earnings or increased probability .Examples of frequent tactics to try include raising product quality. increasing market share by introducing new product features or customer support services.

Profitability can be influenced by four key factors. Costs are decreasing, turnover is increasing, production is increasing, and efficiency is increasing. Your profitability may be boosted by careful expense management. Although most organizations may discover some waste to cut, it's crucial to avoid compromising the quality of your goods and services in order to save money. You can also develop new goods or services or grow into new market segments. This manual shows how to evaluate the profitability of your company, provide growth for your bottom line, and plan and manage change.

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