Product Life Cycles and the Value Chain
The professor Huang will explore the concept of product life cycles and the value chain system.
In industries like high tech, product turnover is rapid, influencing pricing strategies. In healthcare, departments like cosmetic dermatology face similar pressures for timely updates. Understanding market dynamics and adapting the product life cycle accordingly is crucial. Additionally, Huang discusses the value chain, emphasizing research, product design, production, marketing, distribution, and after-service as essential steps in creating and delivering value.
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