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How do banks show a product life cycle?

I have to write a paper describing the product life cycle. My unfortunate luck had the teacher give me a bank as the product or service to write about. I really don't know how a bank can fall into the product life cycle. Any realistic ideas will greatly help. Ten points goes to anyone that give me an usable outline to write the 1400 word paper.

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  • 1 decade ago
    Favorite Answer

    Well banks are like any other business in that they produce goods and services to customers. Like any other businesses, their products have life cycles. A couple that come to mind in various stage of their life cycle include:

    Checks or Demand Deposit Accounts (DDAs). Checks are in a decline phase of their life cycle. the use of checks is declining rapidly and being replaced by electronic bill pay and debit cards......

    Internet Banking and Electronic Bill pay are in their growth phase as more and more customers are using these services and using checks less and less.

    Debt cards or Check Cards are in their maturity phase as they are accepted by nearly everyone.

    Those are just three ideas but the are each related to one another.

  • 5 years ago

    cycles of chilly & heat have been happening for eons. Whose is to assert that the cycles are the two super and small and intertwine. i be responsive to 2 element - many stuff that we do have the alternative result on what we choose & we can't are anticipating the climate. Al Gore is only a over blow his very own trumpet ego manic. He preaches worldwide warming for the loads and contributes greater polution than those he cautions approximately. Earth cycles of intense climate, ice a while, having tropics interior the polar areas will proceed for some years better than we people will stay on earth. with a bit of luck we can learn greater hassle-free information than only screaming that the sky is falling

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