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.
Student Question: âWhat is the marketing objective for the growth stage of the product life cycle?â. stress differentiation. Explanation: During the growth phase, the primary goal is to create a unique market value proposition in the minds of consumers by stressing differentation.