Coca Cola – PLC The product life cycle was introduced in the 1950’s. It was used to explain the typical life cycle of a product from the time of its inception to its demise. The product life cycle is divided into four phases; these are product introduction, growth, maturity and decline .
Read moreWhat is meant by product life cycle explain its concepts with examples?
The term product life cycle refers to the length of time a product is introduced to consumers into the market until it’s removed from the shelves . The life cycle of a product is broken into four stages—introduction, growth, maturity, and decline.
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A product life cycle is the length of time from a product first being introduced to consumers until it is removed from the market. A product’s life cycle is usually broken down into four stages; introduction, growth, maturity, and decline .
Read moreWhat are the 5 stages of product life cycle with examples?
The stages are development, introduction, growth, maturity, and decline .
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