Product life cycle (PLC) includes four basic stages: introduction, growth, maturity, and delay.

Answer the following statement true (T) or false (F)


False

Companies create, launch, and transform products as market conditions change over time. This product evolution is referred to as the product life cycle (PLC) and defines the life of a product in four basic stages: introduction, growth, maturity, and decline.

Business

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Indicate whether the statement is true or false

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What will be an ideal response?

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