Problem
1) Describe the product with the product life cycle and its benefits to users.
2) Share the sales figures for the last 10 years and the next 10 years for the same product in three global markets and one should be for Canada.
3) Determine where the product is in its life cycle in each of these markets using the Product Life Cycle model t
4) What is the most likely future for this product in terms of sales and user adaptation? For example, is the product in the growth stage, and sales are expected to increase? Or is it in the decline stage and is expected to be replaced by some other product? If it is going to be replaced, what is that upcoming product? Please describe that
5) If you as a group represent the top management team in a company that manufactures this product, determine in which markets the product should be adapted or eliminated, and where the marketing focus should be.