Difference between revisions of "Product Life Cycle"
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| − | + | == Definition of Product Life Cycle == | |
| + | Product Life Cycle (PLC) is the progression of an item through the four stages of its time on the market. The four life cycle stages are: Introduction, Growth, Maturity and Decline. Every product has a life cycle and time spent at each stage differs from product to product.<ref>Definition - What is Product Life Cycle (PLC)? [https://www.shopify.com/encyclopedia/product-life-cycle Shopify]</ref> | ||
Revision as of 16:19, 10 September 2019
Definition of Product Life Cycle
Product Life Cycle (PLC) is the progression of an item through the four stages of its time on the market. The four life cycle stages are: Introduction, Growth, Maturity and Decline. Every product has a life cycle and time spent at each stage differs from product to product.[1]