The product life-cycle concept tells a manager how long each stage of the cycle will last.

Name: The product life-cycle concept tells a manager how long each stage of the cycle will last.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The product life-cycle concept provides a framework for understanding the stages a product goes through, but it doesn't give a manager an exact timeline for how long each stage will last. The length of each stage may vary depending on the product, market, and other external factors.

The Product Life-Cycle Concept Tells a Manager How Long Each