Sometimes a product moves through its product life cycle in a matter of months and is replaced with the next product design.

Question

Quizplus · Accepted Answer

This statement is true for products that fall under the category of fads or trends, which have a very short life cycle. However, most products go through the stages of introduction, growth, maturity, and decline over a period of several years before being replaced by a new product design.

Sometimes a Product Moves Through Its Product Life Cycle in a Matter