Definition
The Product Lifecycle is the cycle through which every product goes through from introduction to withdrawal or eventual demise.
Usage and Context
The product lifecycle includes the stages a product goes through from introduction to decline.
Frequently asked questions
What is the meaning of product life cycle? The product life cycle describes the stages a product goes through from introduction to growth, maturity, and decline.

Is the cycle through which every product goes through from introduction to withdrawal or eventual demise? Yes, this is known as the product lifecycle, which includes stages such as introduction, growth, maturity, and decline.

What are the 5 stages of a product life cycle? The five stages of a product life cycle are introduction, growth, maturity, decline, and withdrawal.
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Benefits
The product lifecycle covers the stages a product goes through from introduction to decline, guiding marketing and development strategies.
Conclusion
Product Lifecycle covers stages from introduction to decline, guiding strategy.
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