Some attributes of product life cycle are:
- It shows how each stage changes over time so teams can apply appropriate market responses.
- It tracks movement in market demand so brands can align their messaging effectively.
- It identifies variations in sales demand so companies can plan inventory confidently.
- It tracks movement in industry pressure so brands can strengthen their positioning.
- It reflects when features must be refreshed so teams can lengthen the life cycle.
To get more information on product life cycle, check out its characteristics.