Which of the following is true of a product life cycle?
A)Products in the online environment do not follow the product life cycle approach.
B)Product life cycle analyzes the reasons for a product's decline and failure in the market.
C)Marketers use the product life cycle to manage a product from its launch to its decline.
D)Product life cycle begins with the maturity and growth of a product in the market.

Question

Quizplus · Accepted Answer

The concept of product life cycle is used by many marketers to help manage a product from its initial launch through to its eventual decline.

Which of the Following Is True of a Product Life