Day 9: No class... support USU basketball!

*Edit: week 8 was our Midterm... went well!*

Tonight our teacher canceled our class so that we could watch our beloved Aggies take on KSU in March Madness. I thought that was really cool since we're not in Logan and often miss out on regular "college student" stuff. It was fun to be able to sit at home with my hubby and cheer for my Aggies. They ended up losing, but it was still nice to have a night off!

Anyway, class was based on Chapter 10, "Developing and Managing Products". Though I was sad there were no video clips for me to relate to :) But one of the interesting points to me was the different categories of New Products. New products aren't just something new. There are actually 6 different categories that are considered "new products". Including, "additions to existing produce lines" and "lower-price products".

Another point in the chapter that I liked was the Product Life Cycles. There are 4 stages in this cycle. "Introductory Stage", "Growth Stage", "Maturity Stage", and "Decline Stage". Each stage is unique and (at some point) inevitable.