Product Life Cycle Explained: Stage and Examples

product life cycle  Product Life Cycle definition The product life cycle is the process through which a product is developed, goes into the market, and is ultimately removed Generally,

Growth: If a product survives the introductory stage, it advances to the growth stage of the life cycle In this stage, sales grow at an Example of the Product Life Cycle · Introduction phase – Self-driving cars Self-driving cars are still at the testing stage, but firms hope to

A product life cycle is a frame outlining the stages a product passes Product Life Cycle Marketing Strategies for the Growth Stage · Improving the product's quality · Adding new features or services to capture a