A product life cycle is a description of the life of a product from the time an early adopter buys it to the time when a laggard perceives the need to buy it.

Question

Quizplus · Accepted Answer

A product life cycle describes the stages a product goes through from when it is first introduced to the market until it declines or is removed from the market, including introduction, growth, maturity, and decline stages, not just the adoption by early adopters to the purchase by laggards.

A Product Life Cycle Is a Description of the Life