Frequently asked questions
What is the meaning of product life cycle?
The product life cycle describes the stages a product goes through from introduction to growth, maturity, and decline.
Is the cycle through which every product goes through from introduction to withdrawal or eventual demise?
Yes, this is known as the product lifecycle, which includes stages such as introduction, growth, maturity, and decline.
What are the 5 stages of a product life cycle?
The five stages of a product life cycle are introduction, growth, maturity, decline, and withdrawal.