What Is Product Life Cycle at Life

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What Is Product Life Cycle. It is divided into five stages, i.e., development, introduction, growth, maturity and decline. Not all products reach this final stage.

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Every product has a life cycle and time spent at each stage differs from product to product. The product life cycle is an important concept in marketing. Product life cycle stages explained.

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Product life cycle is the progression of an item through the four stages of its time on the market. Product life cycle [plc] can be understood as “the period of time over which an item is developed, brought to market and eventually removed from the market. Not all products reach this final stage. Product life cycle stages explained.