What Is A Product Life Cycle? (Definition and Examples)

Product Life Cycle: What It Is, the 5 Stages, & ExamplesIf you work in sales and marketing, knowing about the Product Life Cycle model is almost mandatory. A Note on Product Life Cycle StagesBefore I describe each of the Product Life Development Cycle stages below, it’s important to note that some definitions have different numbers of stages. The 5 Stages of the Product Life CycleIt’s time to explore more deeply the Product Life Cycle model. Introduction Phase of the Product Development Life CycleOnce you have created a product and it’s ready for launch, you move into the introduction phase of the Product Life Cycle. The Product Life Cycle process a product goes through from ideation through to being removed from the shelves.