The journey that a product travels starting with raw material suppliers onto manufacturers or assemblers, then forward to distributors and retail sales shelves and ultimately to customers is its product life cycle.

Question

Quizplus · Accepted Answer

The description provided refers to the supply chain of a product, not its product life cycle. The product life cycle describes the stages a product goes through from introduction to growth, maturity, and decline in the market.

The Journey That a Product Travels Starting with Raw Material