Product Life Cycle Discussion Paper - 4Ps of Marketing Mix - Marketing Assessment Answer

Product Life Cycle Discussion Paper - 4Ps of Marketing Mix - Marketing Assessment Answer

Assessment Task:

Assessment 2: Discussion Paper 

This assessment is a discussion paper on an important marketing concept – the Product Life Cycle (PLC). A discussion paper often requires a substantial amount of research and reading on a particular topic. The answers to questions about that topic should demonstrate a thorough understanding of the topic and the ability to evaluate and critique various claims about that topic. Your answers should be substantiated with well-formed arguments.

Discussion Paper Questions

1. Describe each stage of the PLC.

2. Provide an example of a product category, or specific brand that has gone through all stages of the PLC. Be very specific with the example, making sure to describe characteristics, requirements and changes to each of the 4Ps of the marketing mix in each stage of the PLC.

3. Discuss the main criticisms of the PLC as a general framework for managers to plan or manage the marketing mix activities.

4. “As a planning tool, the PLC is as useful today as it was 50 years ago”. Evaluate this statement.

5. “As a planning tool, the PLC is accurate for all product categories”. Evaluate this statement.

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