Chapter 1.9, Problem 26P

Summary Introduction

To determine:

The example of product that achieved stability after passing all the four phases of the product life cycle.

Introduction:

Product life cycle:

Each new commodity undergoes a cycle during its lifetime which is referred as product life cycle. The various strategies for production and operations can be identified at various stages of the life cycle of product. Basically, there are four stages; introduction stage, growth stage, maturity stage, and stabilize or decline stage.