Meaning of the word "product life cycle" in English
What does "product life cycle" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
product life cycle
US /ˈprɑːdʌkt laɪf ˌsaɪkl/
UK /ˈprɑːdʌkt laɪf ˌsaɪkl/
Noun
1.
the series of stages a product goes through from its introduction to its withdrawal from the market
Example:
•
Understanding the product life cycle helps businesses make strategic decisions.
•
The new smartphone is currently in the introduction stage of its product life cycle.
Synonym:
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