Understanding a product's life cycle is important to defining an operations strategy.

Name: Understanding a product's life cycle is important to defining an operations strategy.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Understanding a product's life cycle helps to determine the appropriate operations strategy for each stage, such as focusing on product development and innovation in the introduction stage, streamlining production in the growth stage, and reducing costs in the maturity stage.

Understanding a Product's Life Cycle Is Important to Defining an Operations