Which of the following is a characterization of product growth, maturity and decline over time? Select...
Which of the following is a characterization of product growth, maturity and decline over time? Select one: a. Continuous flow processes b. Job shop processes c. Flow shop processes d. Product life cycle
Homework Answers
Ans: d. Product lifecycle
Explanation: The product life cycle describes the period of time over which an item is developed, brought to market and eventually removed from the market. The cycle is broken into four stages: introduction, growth, maturity, and decline.
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