All product life cycles take the same length of time to move through the market.

Name: All product life cycles take the same length of time to move through the market.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Product life cycles can vary in length depending on the industry, product type, consumer preferences, technology advancements, and competition. Some products may have a shorter life cycle due to a high level of competition, while others may have a longer life cycle due to slower market adoption or a loyal customer base.

All Product Life Cycles Take the Same Length of Time