Product life cycles:
A) Describe demand over time for products.
B) Are easier to manage is they are extremely short.
C) Are long for consumer products, but tend to be shorter for consumer services.
D) Have gotten longer in recent years

Question

Quizplus · Accepted Answer

Product life cycles describe the stages a product goes through from its introduction to the market until its decline and eventual withdrawal. This includes the growth in demand, its peak, and eventual decrease over time.

Product Life Cycles