in order to meet these changes, McDonald's has introduced new products and phased out old ones, and will continue to do so. Care is taken not to adversely affect the sales of one choice by introducing a new choice, which will cannibalise sales from the existing one (trade off). McDonald's knows that items on its menu will vary in popularity. Their ability to generate profits will vary at different points in their life cycle. Products go through a life cycle, which is illustrated below:
Read more: http://businesscasestudies.co.uk/mcdonalds-restaurants/the-marketing-process/the-4ps.html#ixzz3aIJ3whQ1
Under Creative Commons License: Attribution Non-Commercial Share Alike
Follow us: @BizCaseStudies on Twitter | bizcasestudies on Facebook