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What is a product lifecycle?

April 26, 2017lifecycle Product

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What is a product lifecycle?

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A simple, easy-to-remember definition is the course of a product from the inception of the original idea through development, implementation and maintenance, until it is either replaced or no longer useful. Typical phases (regardless of the name) include an inception and feasibility study, design and development, product launch and post-launch support. We’ll review these generic phases. For a more detailed definition, please feel free to contact us.