The ________ is used to study the course of a product's sales and profits for the duration that it is produced and sold in the market.
A)sequential product development process
B)product life cycle
C)business analysis
D)vendor analysis
E)portfolio analysis

Question

Quizplus · Accepted Answer

The product life cycle (PLC) is a concept used to study the different stages that a product goes through over its lifespan. These stages are introduction, growth, maturity, and decline. By analyzing a product's sales and profits during each stage, businesses can make more informed decisions about marketing strategies, pricing, and resource allocation.

The ________ Is Used to Study the Course of a Product's