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Hey Tkb,
Product life cycle is the process that the product undergoes during the period it is in market. It is also the stages through which a product goes through starting from the launching of the product till the declining of the product.
Stage 1:Intoduction of product to market
Stage 2:Growth of product in market
Stage 3:Maturity of product
Stage 4:Saturation in sales of product
Stage 5:Decline of product
I hope this helps you!
~Kashini~
Product life cycle is the process that the product undergoes during the period it is in market. It is also the stages through which a product goes through starting from the launching of the product till the declining of the product.
Stage 1:Intoduction of product to market
Stage 2:Growth of product in market
Stage 3:Maturity of product
Stage 4:Saturation in sales of product
Stage 5:Decline of product
I hope this helps you!
~Kashini~
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