product life
1Product life cycle management — is the succession of strategies used by management as a product goes through its product life cycle. The conditions in which a product is sold changes over time and must be managed as it moves through its succession of stages. Product life… …
2product life cycle management — ➔ management * * * product life cycle management UK US noun [U] (also PLM) MARKETING, COMMERCE ► decisions that are made about a product s appearance, price, advertising, etc. to suit each stage in the product life cycle: »Toyota is one of many… …
3product life cycle — UK US noun [S] (also product cycle, product s life cycle, ABBREVIATION plc) MARKETING, COMMERCE ► the stages in a particular product s existence: introduction, growth or increasing sales, maturity (= slow or no increase in sales), and decline or… …
4product life cycle — noun The four stages in the economic evolution of a product, ie introduction, growth, maturity and decline • • • Main Entry: ↑produce …
5Product life-cycle theory — The product life cycle theory is an economic theory that was developed by Raymond Vernon in response to the failure of the Heckscher Ohlin model to explain the observed pattern of international trade. The theory suggests that early in a product s …
6Product Life Cycle Management — The observation of an item as it moves through the typical stages of development, growth, maturity and decline. Effective product life cycle management brings together the many companies, departments and employees involved with the product s… …
7product life cycle — The course of a product s sales and profitability over its lifetime. The model describes five stages, each of which represents a different opportunity for the marketer. A new product starts in the development stage, during which the original idea …
8product life cycle — /ˌprɒdʌkt laɪf ˌsaɪk(ə)l/ noun stages in the life of a product in terms of sales and profitability, from its launch to its decline ● Growth is the first stage in the product life cycle. ● The machine has reached a point in its product life cycle… …
9Product Life Cycle — The period of time over which an item is developed, brought to market and eventually removed from the market. First, the idea for a product undergoes research and development. If the idea is determined to be feasible and potentially profitable,… …
10product life cycle — (PLC) Stages a product goes through in the marketplace, including introduction, growth, maturity, and decline. PLC was once used exclusively among marketers, but in the 1990s it is used by accountants and finance managers concerned with whether… …