What is Product Life Cycle?

product life cycle  The product life cycle describes the different stages of a product from the market launch, saturation, to the degeneration phase  A product life cycle is a frame outlining the stages a product passes

Key takeaways · The product life cycle is the journey a product goes through from its creation to extinction · There are four stages of the How to Manage Product Lifecycle? · 1 Your PLM strategy should have Objectives and Goals · 2 Process Reviewing · 3 Always Review Your Data · 4 Acquire

Growth Stage of Product Life Cycle If a product has survived the introduction stage, meaning that consumers liked it and the company could keep producing Factors affecting the Product Life Cycle · 1) Technology · 2) Changing needs and tastes · 3) Economic conditions · 4) Competition · 5) Marketing The way you