Respuesta :
The concept of product life-cycle was based on the observation that, early in a commodity's development, all the components and labor originate in the region where the commodity was invented.
Explain the concept of product life-cycle ?
A product's "life cycle" can be regarded as the period from when a good is initially made available to consumers until it is withdrawn from circulation. When deciding whether it is appropriate to improve advertising, cut pricing, enter new markets, or change packaging, management and marketing experts use this concept as a decision aspect.
Products have life cycles just like individuals do. Introduction, growth, maturity, and decline are the four processes in a product's life cycle.
An concept becomes a product, but under the constraints of contemporary business, it is unlikely to advance until it has undergone research and development (R&D) and been determined to be practicable and potentially profitable. The product is then created, advertised, and launched.
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