The name Rig is of Norse origin. The meaning of Rig is king. Rig is generally used as a boy's name. It consists of 3 letters and 1 syllable and is pronounced Rig.
The concept described above is referred to as a âproductâs life cycleâ. Specifically, it describes a number of commercialisation steps that each product goes through as it penetrates the market. These steps include the initial research, sales growth, maturing of market demand and ultimately the productâs decline.
Clearly then, new product introduction cycle time is a vital statistic, as is the portion of revenues generated by products or services that are less than two years old. Innovators would *not* want the additional perception of a low cost leader because low cost is inconsistent with innovatorâs goals.