The state of Texas follows the federal labor laws, and has not adopted any of their own as some other states have done. According to Texas overtime laws, employers are required to pay their employees overtime pay for hours worked over forty hours a week. Texas overtime laws require that overtime pay should be no less than one and one-half times the employeeâs regular rate of pay. The only employees that should not receive overtime pay are those that are exempt. Texas follows the federal laws regarding exempt employees. Exempt employees are strictly defined by the Department of Labor and include employees such as executives, professionals, teachers and certain commissioned positions.
Decline. The last of the product life cycle stages is the Decline stage, which as you might expect is often the beginning of the end for a product. When you look at the classic product life cycle curve, the Decline stage is very clearly demonstrated by the fall in both sales and profits. Despite the obvious challenges of this decline, there may still be opportunities for manufacturers to continue making a profit from their product.
But if you look at the trends in key markets over the last couple of decades, even just the last few years, consumer demand for particular products can provide some very good product life cycle examples. Product Life Cycle Examples. The traditional product life cycle curve is broken up into four key stages. Products first go through the Introduction stage, before passing into the Growth stage. Next comes Maturity until eventually the product will enter the Decline stage. These examples illustrate these stages for particular markets in more detail.