List of SAARC countries

Afghanistan.

Bangladesh.

Bhutan.

India.

Maldives.

Nepal.

Pakistan.

Sri Lanka.

12 Everyday Things That Are Banned Abroad But Not In

India
1. Lifebuoy Soap

2. Red Bull

3. Disprin

4. Pesticides

5. Unpasteurised Milk

6. Jelly Sweets

7. Samosas

8. Kinder Chocolate

9. Tata Nano

10. Maruti Suzuki Alto 800

11. D-Cold Total

12. Nimulid

13. Nestle products

14. Vicks vaporub

15. Boost,horlicks and complan

Product life cycle stage

Launch

Nutri-Gain was initially developed to meet the demand of busy people who
missed breakfast. Its intention was to provide a healthy cereal breakfast
that is portable and convenient. When it was launched, it did very well and
was an immediate success overtaking more than 50% share of the cereal
market in less just two years.

Growth

The growth of the products steadily increased as the product started

becoming highly popular and became a staple for every busy individual. The
company made sure that their product comes out in different versions and
flavor to keep up to customer demand. This is a great way to keep up the
inquisitiveness of target audiences without having to develop a new
product and spend money on production and equipments. The company
slowly moved the ‘purpose’ of the product from a ‘healthy breakfast’ to an
‘all day healthy snack’.

Maturity

This is a time when a product reaps the maximum benefit and profit from it
sales. However, this is also a time for competitions to take over and give a
company a tough time. This is exactly when Kellogg's, Twists and Minis
entered the market.

Saturation
This is the fourth stage of every product lifecycle and this is where
customers have other preferences that are cheaper and better. When
saturation occurs, a product starts to decline.

Not every product goes through these stages precisely, but the demand for
a particular product in the market depends upon the economy, lifestyle
changes, customer preference, target audience and availability of a product.
For example, Kellogg’s Corn Flakes have retained a share in the market since
a very long time and has consistently kept their demand sustained
whatsoever. Growth is a stage that happens within a few months of a
product launch or may take even several years.

Take Nutri-Gain for example. It took several years for it to grow in the
market. One of the most critical stages of product lifecycle is in its research
and development stage. It is the stage where a company designs a
particular product to meet specific demands of the market. Predicting the
status of a product in the market and how its demand fluctuates over time
is the only way that a company can stay successful.

Before the decline comes, a company should make key business decision
and do something innovative to keep their business up on sales. An
entrepreneur should know how their product is doing in the market so that
they can come up with innovative strategies. iGoStartup has a ready-made
tool that helps an individual to realize the market challenges in each stage
of a product and set up alternative marketing strategies. The tool just takes
five minutes of your time, but it helps you to measure product performance
with similar product launches in the past and help you to control and design
your market decisions.
Cost of materials $50.00

+ Cost of labor 30.00

+ Overhead 40.00

= Total cost $120.00

+ Desired profit (20% on sales) 30.00

= Required sale price $150.00