Marketing Topics

What Is the Product Life Cycle Theory and Its Applications in Marketing Mix Strategy

What Is the Product Life Cycle Theory and Its Applications in Marketing Mix Strategy

The Product Life Cycle (PLC) theory stands as one of the most fundamental and enduring concepts in marketing management, providing a framework that has guided strategic decision-making for over half a century. Originally conceptualized by Theodore Levitt in 1965 and further developed by marketing scholars, this theory offers a systematic approach to understanding how products […]

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What Is a Marketing Funnel and How It Drives Your Customer Journey?

In the realm of marketing, understanding the path a potential customer takes from initial awareness to final purchase (and beyond) is crucial for crafting effective strategies and maximizing conversions. This journey isn’t usually a direct leap; rather, it’s a process that can be visualized as a funnel – wide at the top, gradually narrowing towards

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