Life Cycle

Marketing dictionary

Life Cycle

"1. General: Concept that compares the cyclical nature of families, organizations, processes, products, and systems with the cradle to grave life stages (birth, growth, maturity, decay, and death) of living organisms. 2. Ecological impact: Stages in the life of a material or product from resource extraction through processing, manufacturing, use, and disposal or recycling. 3. Marketing: Pattern of demand for a good or service from introduction, growth, stagnation, and decline. Source: Business Dictionary"

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