Four Stages of Product Life Cycle – How Do They Affect Your Product?

Not all products adhere to life cycle as referred to in the concept books but nonetheless product life cycle is a great subject if you are involved with advertising planning. Usually, product life cycle is split in 4 phases referred to as intro, development, maturity and decline phase.Many of these 4 phases have various traits, and a different set of possibilities and requirements. Being an internet marketer a person’s duties and problems keep altering because the item moves from one phase to a different one. Let us take a glance at many of these stages in fine detail.Stage of IntroThis is at least one phase that is available in every product life, some moves on towards the development and then maturity phase and some goes on to decline phase immediately after the intro. It’s the roughest one for those responsible for advertising.Plenty of study, expenses and preparing are essential at this time, unless of course you are going to start an in-demand item with no competitors (although this kind of ideal situations can be found just in theories). Nowadays you need to produce the need instead of cashing on it. Introductory phase state exhibits little if any product sales and the business make absolutely no real revenue.Stage of DevelopmentFollowing the intro, arrives the development phase. It is now time when product sales increases however this celebratory time period ends quickly as the more and more product sales work as a magnet, bringing in more competitors into the marketplace.Comparable items starts appearing and you’re simply forced to concentrate constantly on aggressive advantages which can be cost reduction, useful features or some other improvements. Company makes profits however the advertising division needs to strive to sustain it.Maturity StageIt is now time when product has attained its peak; meaning the merchandise has accomplished significant edge on its rivals; nevertheless I am not saying “mission accomplished” for advertising individuals. Actually pressure is very much there to prolong this phase.Understanding that whenever a new rival will step in the marketplace with better item, administration must keep close track of the marketplace and ensure there is no loophole for the rivals to take advantage of.DeclineNot every items needs to go through decline, we are well aware of numerous items that haven’t vanished from the marketplace since the day they were launched, because of the continuous innovativeness and extensive ads. Regardless, decline phase arrives when for some reasons the product sales begin reducing; the reasons could be some new and better alternative or decreasing need.

The Importance of Workplace Safety Posters

Workplace safety posters play an important role in effective safety communications, safety precautions and safety warnings to workers. It is one kind of safety communication. Their applications in chemical industries are very common where various potential hazards present.

Safety regulations and legal require the use of workplace safety posters. Generally, these posters have to be placed in workplaces where hazards exist. They warn workers about specific hazards that accompany their jobs and naturally appear in such workplaces.

Government or Department of Labor in each country has may already established the required workplace safety posters. And in some cases, the government has prepared these printed posters that can be used directly.

When the safety regulation requires such posters application, there will be certain penalties or fines for violations. In general, the employers will be fined when workers get injured due to lack of safety posters as required by the regulations.

Some employers may think that these posters for workplace are only devoted for the workers or employees. But, actually they are wrong. These posters are purposed to protect both workers and employers.

Employers would not responsible for any incident happen in the workplace if they have applied the required posters. As an example is the usage of eye goggle. When the employers have displayed the poster of eye goggle according to the regulation, then when worker or employee gets injured by chemical splash without using eye goggle, the employer does not responsible. The reverse condition is also applied.

However, before displaying any safety posters in the workplaces, always bear in mind that these posters should be relevant, clear and to the point. Use only common words and communicative images or pictures to get workers’ attention.

Which is Better Physical Gold or Digital Gold

Gold has been a popular go-to asset for Indians for several decades now.

And why not? It is perhaps one of the few assets that does not lose its value over time.

However, this asset is mostly held in physical form – jewellery, bars, and coins – which gives rise to several challenges regarding storage and security.

Accordingly, many investors have been looking for a better alternative and have managed to find an ideal match in digital gold.

Which is Better Physical Gold or Digital Gold
There is a lot of speculation among investors concerning whether digital gold can emerge as a better alternative. Of course, the answer to this question is subjective. Then again, it’s suggested to take a close look at the difference in concept and approach towards physical and digital gold investment to gain a better idea.
Digital Gold Investment
Digital gold is a new age investment instrument that allows you to invest in 24 Karat purest gold, which is then stored in MMTC-PAMP’s secure vaults under your ownership. If you wish to take possession of the same, you can redeem digital gold for 24 Karat/ 999.9 purest gold coins and ingots from MMTC-PAMP. MMTC-PAMP is India’s leader in digital gold and you can buy digital gold online through our trusted partners like Paytm, PhonePe, and GPay. You can also reach out to your relationship manager in firms like Aditya Birla Capital, HDFC Securities, Motilal Oswal among others to manage your digital gold investments.
Gold coins and bars have been India’s most trusted investment instrument across generations, and for good reason. Reliable and convenient, the value of gold has increased enormously over the past few years, which makes it an increasingly lucrative option to store and compound. Gold prices have gone up more than 50% just in the last 3 years!