Determine the current stage of a product within its lifecycle (introduction, growth, maturity, decline).
Task: Identify the current product lifecycle stage for [product_name]. Consider the following information: - Sales trends: [sales_trends] - Market saturation: [market_saturation] - Competitive landscape: [competitive_landscape] - Marketing focus: [marketing_focus] Output Format: State the stage and a brief justification.
Brainstorm external and internal factors that typically influence product demand.
Outline key criteria to consider when deciding whether to discontinue a product.
Utilize a structured approach to identify and prioritize the essential features for your minimum viable product (MVP), ensuring focus on core value.
