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Product Life Cycles of a Barbershop

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PROCUTS BARBERSHOP

The product life cycle of PROCUTS BARBERSHOP is a valuable tool used by the marketing officer to illustrate the four stage process which influences the sales and profitability of the business. Shaving is a popular service offered by barbershops, PROCUTS target men living around the suburban location of the building. Men go in to get a professional look of an expansive array of services; cuts, grooming, styling and shaving. Women also visit the barbershop to get their eyebrows trimmed and shaped. These services are created to exceed the customers’ expectations and stand out from other firms in the market in close proximity.

The Barbershop’s mission is to become the number one recognized leader in its targeted market for barbering and hair cutting services. They intend to reflect class, excellence and professionalism in all that they do and maintain quality standards and make customer satisfaction a priority. PROCUTS has three or four licensed hair stylist on staff to provide the mentioned cosmetology services; this will preliminary be the main source of revenue for the firm. At the introduction stage PROCUTS is launched, potential customers are unknown and very few, making revenue minimal and expenses incurred; building renovation, promotion and equipment costs high. A lot is spent on advertising, The marketing officer decides to put An A-Frame in the front of the building displaying services offered and prices, Advertisements are place in all possible medias; newspapers, radio and television. This has to be done to make the new business known. The marketing manager decides that based on the firm’s objectives, penetration pricing is executed where the firm starts off with low prices. First time customers get a ten percent discount and they get a free cut if they return with a new customer, this helps to build the firm’s market shares.

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