Answer:
Product life cycle refers to the stages a product moves through from the time it enters the market until the time it disappear.
Step-by-step explanation:
The Product Life Cycle Stages is a model in economics and marketing. Products enter the market and gradually disappear again.
The product life cycle is separated into four different stages,
- Introduction.
- Growth.
- Maturity.
- Decline.
So, in this case the correct answer is the product life cycle refers to the stages a product moves through from the time it enters the market until the time it disappear.