The product life cycle spans the time from initial R&D on a product to when customer service and support is no longer offered for that product.

Question

Quizplus · Accepted Answer

The product life cycle includes five stages: development, introduction, growth, maturity, and decline. Customer service and support may continue even after a product has reached the decline stage, but eventually, support for an outdated product will end.

The Product Life Cycle Spans the Time from Initial R&D