Define And Discuss The Product Life Cycle And How This Might Affect Our New Product Development Planning In 350 400 Words.
Define and discuss the product life cycle and how this might affect our new product development planning. 350-400 words.
In your own words how would you explain a products life cycle? As you reflect on the cycle, select a product you personally use and explain how the life cycle affects the development of a new (revised) version of the product for a different market segment and why?