Product life cycle is a business analysis that attempts to identify a set of common stages in the life of commercial products. In other words the ‘Product Life cycle’ PLC is used to map the lifespan of the product such as the stages through which a product goes during its lifespan.
Product Life-Cycle Strategies:
The Product Life Cycle (PLC) has Five Stages
Product Development, Introduction, Growth, Maturity, Decline Read more…