Which of the following statements about the product life cycle is True?
A) Every product goes through every stage of the product life cycle.
B) The product life cycle can be illustrated through demand and supply curves.
C) For most products, the decline stage never arrives.
D) In general, product life cycles are getting shorter.
E) The stages in the product life cycle usually last for approximately equal periods of time.

Question

Quizplus · Accepted Answer

The product life cycle concept suggests that products go through stages from introduction to growth, maturity, and decline. With rapid technological advancements and changing consumer preferences, product life cycles are generally becoming shorter as products are quickly replaced or updated.

Which of the Following Statements About the Product Life Cycle