The Concept of Product Life Cycle
Most business is cyclical in nature. This trend is present in financial cycles and can be seen in the natural life of a product. From product introduction to eventual decline, understanding the stages of a product's life cycle is critical to making...
The concept of product life cycle (PLC) concerns the life of a product in the
market with respect to business/commercial costs and sales measures. The
First referenced in the 1920s, the product life cycle applies biological knowledge
to products. In nature, a seed is planted, begins to sprout, becomes an adult ...
Introduction to the product life cycle, covering the life-cycle phases and typical ...
The life cycle concept may apply to a brand or to a category of product.
The marketing lifecycle is less comprehensive than the concept of the product
lifecycle in manufacturing, which encompasses all the stages a product goes ...
Learn more about stages in the product life cycle in the Boundless open textbook.
... growth stage: Appears in these related concepts: Product Life-Cycle Curve, ...
According to Harvard Business School professor Youngme Moon, though the
product life cycle concept has been used successfully over the past 40 years, it
13.1 INTRODUCTION TO PRODUCT LIFE CYCLE CONCEPTS ... These product
life cycle stages are illustrated in Figure 13.1, along the horizontal axis.
DEFINITION of 'Product Life Cycle'. The period of time over which an item is
developed, brought to market and eventually removed from the market. First, the
An introduction to Product Lifecycle Management - An explanation of the ... and
spanning from product concept to end of life-integrating people, processes, ...