Question

Product life cycle and its stages management

Answer 1

There are four stages in the cycle, which are development, growth, maturity, and decline. The product life cycle helps business owners manage sales, determine prices, predict profitability, and compete with other businesses. ... Track each product's activities and successes to keep profits high and avoid steep losses.

Answer 2

It's the cycle which manages all product's activities with more valuable data, it's leads to the development of the product management.
Hope it helps u dear