What are the four stages of a product's life cycle?

Question

Quizplus · Accepted Answer

The four stages of a product's life cycle are design and development, growth, maturity, and decline. These stages represent the different phases that a product goes through from its inception to its eventual decline in sales and popularity. The design and development stage involves creating the product and bringing it to market, while the growth stage is characterized by increasing sales and expansion of the market. The maturity stage represents the period when sales growth begins to slow down, and the product has established itself in the market. Finally, the decline stage involves decreasing sales and eventual obsolescence of the product.

What Are the Four Stages of a Product's Life Cycle