What is Product Life Cycle and its Stages?

This indicates that a product has entered the maturity stage of its life cycle Most consumer products are in the mature stage of their life cycle; their buyers

The term product life cycle refers to the length of time a product is introduced to consumers into

production supervisor Product life cycle · Research and development product is not on the market yet; research and development and testing take place · Introduction product is

midlife crisis In the growth stage, PLM helps to improve product quality and expand the market During the maturity stage, PLM helps to reduce costs and maintain profitability