Question

The stages of the product life cycle are:

a. production, inventory, exchange, usage, and disposal.
b. conception, testing, production, commercialization, and obsolescence.
c. introduction, growth, maturity, and decline.
d. opportunity recognition, concept testing, production, market acceptance, brand insistence, and obsolescence.

Answer 1

Answer: Option C

Step-by-step explanation: In simple words, product life cycle refers to the stages from which the product goes through after it is introduced in the market.

The product after coming to the coming faces ups and downs regarding its demand which is shown in four steps as introduction, growth, maturity and decline.

Hence the correct option is C.