Which of the following best defines the term: product life cycle?
A) the time span between when the company begins the initial R&D on a product till the time when the first unit is sold.
B) the span of time from initial R&D on a product to when the customer service and support for the product is no longer offered
C) the time span between when the company begins the initial R&D on a product till the time when the last unit is sold
D) the span of time from when the first unit of the product is sold until the last unit of the product is sold

Question

Quizplus · Accepted Answer

The product life cycle encompasses the entire journey of a product from its conception, through design and manufacture, to service and disposal, including the post-sale support phase until support is no longer offered.

Which of the Following Best Defines the Term: Product Life