The stages of the product life cycle are
A) production, inventory, exchange, usage, and disposal.
B) conception, testing, production, commercialization, and obsolescence.
C) introduction, growth, maturity, and decline.
D) opportunity recognition, concept testing, production, market acceptance, brand insistence, and obsolescence.

Question

Quizplus · Accepted Answer

The stages of the product life cycle are introduction (where the product is first launched), growth (where sales increase rapidly), maturity (where sales reach their peak and plateau), and decline (where sales start to decrease due to factors such as competition or changing consumer preferences). Option A is incorrect as it describes generic stages of a supply chain, while Option B lists stages that are largely related to the development process, and Option D includes stages that are not typically included in the product life cycle.

The Stages of the Product Life Cycle Are