You should identify the marketing assets your brand possesses

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Identify product benefits: You should identify the benefits your product or service offers to customers that other products or services do not. Identify your brand's marketing assets: such as brand reputation, brand awareness, and customer loyalty.


II. Product life cycle: The product life cycle philippines whatsapp number data is the stages your product or service goes through from launch to discontinuation. Introduction Stage: The introduction stage is the stage where a new product or service is introduced to the market.


The main objective in this stage is to create awareness about the product or service. Growth Stage: The growth stage is the stage where the product or service begins to be accepted by customers and sales begin to increase.


The main goal in this stage is to increase market share. Maturity Stage: The maturity stage is the stage where the product or service reaches market saturation and sales are relatively stable. The main goal in this stage is to maintain market share.


Decline Stage: The decline stage is the stage where a product or service begins to lose market share due to decreased demand or increased competition. The main goal in this stage is to minimize losses and withdraw the product or service from the market in an orderly manner.