Navigating Product Life Cycle: Stages and Examples

A new product progresses through a sequence of stages from introduction to growth, maturity, and decline This sequence is known as the product life cycle and

Key Points · A product life cycle consists of four stages: Introduction, Growth, Maturity, and Decline · Business owners must carefully tend to

product life cycle The Six Stages of a Product Life Cycle · Stage 1: Development This is the stage when an idea turns into action · Stage 2: Introduction · Stage

midlife crisis The Six Stages of a Product Life Cycle · Stage 1: Development This is the stage when an idea turns into action · Stage 2: Introduction · Stage