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Question:

Explain the term 'product life cycle.'

Answer:

The product life cycle (PLC) refers to the stages a product goes through from its introduction to the market until its eventual decline. The stages include:

  • Introduction: The product is launched, and awareness is built.
  • Growth: Sales increase as the product gains acceptance.
  • Maturity: Sales peak, and market saturation occurs.
  • Decline: Sales decrease due to market changes or competition.


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  • 4 months ago

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  • Answered by Ekta Mehta
  • 4 months ago

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  • Answered by Ekta Mehta
  • 4 months ago

Taking Screenshots on your Samsung Galaxy M31s is very easy and quick.

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