Question

What do you understand by life cycle of a product?

Answer 1

Answer:

Product life cycle is the progression of an item through the four stages of its time on the market. The four life cycle stages are: Introduction, Growth, Maturity and Decline. Every product has a life cycle and time spent at each stage differs from product to product.

Answer 2

Explanation:

product product life cycle is the progression half an item through the four stages of its items from the market. life cycle stages are: introduction growth maturity and decline. every product has a life cycle time spend at each stage differs product to product.