What is a Product Life Cycle? Explained

The product life cycle is a series of stages a product goes through from its launch to eventual decline. According to Philip Kotler, it includes five key phases focusing on product development and marketing. Understanding the product life cycle helps businesses build strong portfolios, create effective marketing strategies, and make informed decisions throughout a product’s journey. Read our blog to know more . https://teldrip.com/blog/product-life-cycle


What is a Product Life Cycle? Explained The product life cycle is a series of stages a product goes through from its launch to eventual decline. According to Philip Kotler, it includes five key phases focusing on product development and marketing. Understanding the product life cycle helps businesses build strong portfolios, create effective marketing strategies, and make informed decisions throughout a product’s journey. Read our blog to know more . https://teldrip.com/blog/product-life-cycle
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Product Life Cycle: Meaning, Primary Stages, & Benefits
A product life cycle or PLC is a commodity’s length of time in a marketplace. It can be segmented into 5 stages. By observing these, marketers can record crucial insights into effective marketing practices.
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