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GAURAV AWASTHI
INTRODUCTION TO PRODUCT LIFE
CYCLE
• The course of a products sales and profits over
its lifetime is called the product life cycle.
• PLC shows the stages that products go through
from development to withdrawal from the
market.
• Product Life Cycle (PLC):
– Each product may have a different life
cycle.
– PLC determines revenue earned.
– Contributes to strategic marketing
planning
– To identify when a product needs support,
redesign, renovating , withdrawal, etc.
INTRODUCTION OF COMPANY
HENKEL
• The brand which is more than 85 years old is famous for its
neem content.
INTRODUCTION STAGE
GROWTH STAGE
• In the growth stage, their sales rapidly started rising.
• They have expanded their market to most of cities of INDIA.
• MARKETING OBJECTIVES = The marketing objectives of
the Margo were to expand their market to the town and
villeges of INDIA.
• Another objective was to maximize more market share.
Sales
Rapidly rising sales
Costs Average cost
per customer
Profits Rising profits
Marketing Objectives Maximize market
share
MATURITY STAGE
Sales Peak
sales
Costs Low cost per
customer
Profits High profits
Marketing Objectives Maximize profit while
defending market share
Product Strategy Diversify brand and
models
Price Strategy Price to match or best
competitors
Distribution Strategy Build more intensive
distribution
Advertising Strategy Stress brand differences
and benefits
DECLINE STAGE
• Besides of all campaigns for the sales promotion of Margo .
DECLINE STAGE
CONCLUSION
• Every product has a life cycle and every
company focuses on extending it.
• Margo is present in the market from long time
so strategies are being made order extend the
plc, so that customers can make more use of
products.
• Re-packaging, innovating new flavors and
promotional tactics can extend the plc and the
product can remain for a longer time in the
market.
REFERENCES
(1) http://images.google.co.in/images?
gbv=2&hl=en&sa=1&q=margo+soaps&bt
nG=Search+images&aq=f&oq=
(2) http://www.bookrags.com/wiki/Margo_
%28soap%29
(3) http://www.thehindubusinessline.com/2003
/06/17/stories/2003061700470600.htm
(4) http://www.hinduonnet.com/businessline/ca
talyst/2001/11/22/stories/1922f05d.htm