Question

The Product Life Cycle (PLC) is a fundamental marketing

Q: Answer-The Product Life Cycle (PLC) is a fundamental marketing and business strategy concept that describes...

PLC includes the stages Introduction, Growth, Maturity, and Decline. It helps businesses strategize marketing, pricing, and investment decisions throughout the products lifecycle.

and business strategy concept that describes the various stages a product goes through in its market existence. Which of the following correctly represents the four main stages of the PLC?

A Introduction – Rapid Growth – Maturity – Decline

B Development – Sales Peak – Saturation – Obsolescence

C Market Entry – Expansion – Market Dominance – Withdrawal

D Research & Development – Launch – Growth – Stagnation

E Prototype – Production – Commercialization – Sales Decline

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