Production and Operations Analysis, Seventh Edition
Production and Operations Analysis, Seventh Edition
7th Edition
ISBN: 9781478623069
Author: Steven Nahmias, Tava Lennon Olsen
Publisher: Waveland Press, Inc.
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Chapter 1, Problem 44AP
Summary Introduction

To explain:The difference and the relationship between product life cycle and process life cycle.

Introduction: The Product life cycle is the progress sequence of a new product from its start-up to development, maturity, and decrease. This is concerned with modifications in themarketing scenario and therefore affects the marketing strategy and the marketing mix.

The process life cycle is management of the business process discipline concerned with process design involving both the identification of current procedures and the design of "to-be" procedures.

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