A product is introduced into a market,gains the acceptance of a fickle public,and finally is supplanted by a new and improved offering.This phenomenon is known as the:
A)product life cycle.
B)rule of 80.
C)Mendoza line.
D)beta.

Question

Quizplus · Accepted Answer

This phenomenon is known as the product life cycle, which refers to the stages that a product goes through from its introduction to its decline. It includes the introduction stage, growth stage, maturity stage, and decline stage.

A Product Is Introduced into a Market,gains the Acceptance of a Fickle