product life cycle

noun

1. marketing the four stages (introduction, growth, maturity, and decline) into one of which the sales of a product fall during its market life

Example Sentences

The platform, dubbed Aura, will allow consumers to follow a product life cycle by accessing a sort of digital database storing information in a way that it cannot be changed, tampered with or hacked.

From Reuters

"We will manage the entire product life cycle, including the development of a mass market product, as well as manufacturing, validation and testing according to automotive grade standards," Gunnar Juergens, the head of Continental's lidar segment, said in a statement.

From Reuters

Department of Energy, LEDs are more environmentally friendly than incandescent or CFL bulbs throughout their product life cycle.

From Seattle Times

The phone market is constantly changing, and features that seemed too expensive or unnecessary at the start of development can end up looking essential at any price in the later stages of the product life cycle.

From The Verge

Products that meet this standard — such as Mrs. Meyer’s cleaning brand and Scott Paper Towels — “can reduce the environmental impact of one or more stages of the product life cycle,” Amazon says on a part of its website giving brief explanations of each standard, and linking to products that meet them.

From Seattle Times