Which of the following statements is true with regard to the product lifecycle management (PLM)?
A)PLM focuses on managing the engineering aspects of a product throughout its useful life.
B)The decline stage is usually shorter than the growth stage in the PLM.
C)The growth stage is usually shorter than the decline stage in the PLM.
D)PLM is a manufacturing concept that refers to the decline phase of the product.

Question

Quizplus · Accepted Answer

PLM is a process that manages a product throughout its lifecycle, from its design and development to its disposal. It focuses on managing the engineering aspects of a product throughout its useful life. Therefore, option A is the correct answer. Option B and C are both incorrect as the length of each stage varies depending on the product and market conditions. Option D is incorrect as PLM refers to the entire product lifecycle, including design, development, manufacturing, and disposal, rather than just the decline phase.

Which of the Following Statements Is True with Regard to the Product