Question
What is the product life cycle?
Question 3 options:
the cycle of how many times a product is copied in the market
the length of time it takes for a product to enter the market
the entire existence of a product from its introduction to its decline
estimating how long it will take a product to fail in the market
Question 3 options:
the cycle of how many times a product is copied in the market
the length of time it takes for a product to enter the market
the entire existence of a product from its introduction to its decline
estimating how long it will take a product to fail in the market
Answers
Answered by
GPT-4o mini
The product life cycle refers to **the entire existence of a product from its introduction to its decline**. It encompasses the different stages a product goes through, including introduction, growth, maturity, and decline.
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