The length of the cycle and the duration of each stage may vary from product to product, depending on the rate of market acceptance, rate of technical change, nature of the product and ease of entry. These stages in the life of a product are collectively known as product life-cycle. A typical product moves through five stages, namely, introduction, growth, maturity saturation and decline. Like human beings, products also have a limited life-cycle and they pass through several stages in their life-cycle. Product Life Cycle Stages: 5 Stages (With Diagram) Product Life Cycle Stages – Introduction Stage, Growth Stage, Maturity Stage, Decline Stage, Abandonment (With Marketing Strategies) Look for something a little more affordable? Subscribe to Pianist and receive our Buyer's Guide in your first issue. The Buyer's Guide features a whole range of different pianos varying in price, size, brand and type.The stages involved in the product life cycle are:- 1. Who was lucky enough to perform on the Crystal Piano at the Olympics? None other than global superstar Lang Lang, of course!

That was back in 2008 at the Beijing Olympic Games. Given its probable fragility, it has only been played once before it was retired. This transparent masterpiece is made up entirely of crystal. Subscribe to Pianist Magazine and receive 6 issues per year full of sheet music, advice, tips, lessons and news.Īnything with crystals in its name is bound to be expensive! Surprisingly, given the number of Steinways on this list, it isn’t a Steinway. The reason this piano sold for $2.27 million dollars is not only because John Lennon played its ivory keys, but it is also, in fact, the very piano that he wrote the hit song ‘Imagine’ on. Without John Lennon’s name in the title, you’d wonder how on earth this standard, faded brown, upright Steinway managed to find itself at number two on this list. John Lennon’s Steinway Model Z | $2,370,000 Want to find out how pianos are made? We explore the process here.Ģ. This was a charity that was to help fight AIDS, Tuberculosis and Malaria in Africa. Incredibly, the piano ended up selling for $1.925 million dollars, and all for a good cause. He wanted the company to create something that would take centre stage at the Red Auction event held in New York. This particularly eye-catching red and white piano was inspired by U2 singer Bono. Yet another Steinway & Sons piano enters this list at number three. Red Pops for (RED) Parlor Grand Piano, Steinway & Sons | $1,925,000 The woods used include ebony, ashwood and rosewood. It’s valued at a huge $1.63 million dollars.ģ. The lid replicates artwork by Chinese painter Shi Qi. This piano took four long years to build, which isn’t a surprise considering it’s decorated with inlays of 40 different kinds of wood. Sound of Harmony Concert Grand, Steinway & Sons | $1,630,000

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