Definition for Difference between revisions of "Product life cycle"
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(Created page with "The typical sequence through which a product passes, from its introduction into the market to when it is replaced by a new product. Category:Economics") |
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| − | The typical sequence through which a product passes, from its introduction into the market to when it is replaced by a new product. | + | 1) The typical sequence through which a product passes, from its introduction into the market to when it is replaced by a new product. |
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| + | 2) The product life cycle includes the stages a product goes through from the time it is first introduced to the market until it is discontinued. | ||
[[Category:Economics]] | [[Category:Economics]] | ||
Latest revision as of 12:32, 29 August 2018
1) The typical sequence through which a product passes, from its introduction into the market to when it is replaced by a new product.
2) The product life cycle includes the stages a product goes through from the time it is first introduced to the market until it is discontinued.