Prepare a Product-by-Value Analysis for the following products and given their position in the Product Lifecycle, identify the issues likely to confront the Operations Manager and his or her possible actions.
Product 1 - annual sales of 1,100 units and a contribution of $3,000 and is in the Introductory Stage
Product 2 - annual sales of 3,800 units and a contribution of $1,800 and is in the Decline Stage
Product 3 - annual sales of 1,800 units and a contribution of $3,400 and is in the Maturity Stage