Product life cycles:
A) are the same for all products
B) have nothing to do with product profitability
C) must be considered to effectively plan for production
D) are computerized bicycles

Question

Quizplus · Accepted Answer

Product life cycles must be considered to effectively plan for production as they help in understanding the stages a product goes through, from introduction to decline, and assist in making strategic decisions for marketing, production, and resource allocation.

Product Life Cycles