The stages a product goes through from the time it is first introduced to the market until it is discontinued is called the:
A)natural evolution
B)amortization
C)position
D)product life cycle
E)specific feature

Question

Quizplus · Accepted Answer

The term used to describe the stages a product goes through from introduction to discontinuation is the product life cycle. This includes stages such as introduction, growth, maturity, and decline. Option A, natural evolution, is not an appropriate term for this concept, as it suggests that the product's development is occurring without human intervention. Option B, amortization, is a finance term and is not relevant in this context. Option C, position, refers to the market positioning of a product and does not capture the full life cycle of a product. Option E, specific feature, does not capture the entirety of a product's life cycle, but rather refers to a particular aspect of a product's design or functionality.

The Stages a Product Goes Through from the Time It