Are there any other factors which could be a part of the product life cycle?
Are there any other factors which could be a part of the product life cycle?
Yes. The other factors may include:
a.Style: Which is evident in homes, personality of individuals, clothing etc. and may also include lifestyle of diffeent people.
b.Fashion: entails the current trends which are popularly accepted and followed by people and may change from time to time.
c.Fad: This is a kind of fashion which gains quick market entry, adopted by large masses and however disappears from the market very quickly.