Question

____________ is defined as the set of activities that revolve around a new software product, from its inception to when the product matures and perhaps retires.

Answer 1

Product Life-cycle Management

Step-by-step explanation:

It is referred to as the managing of the products as the go through their life-cycle which is broken into 4 stages i.e introduction, growth, maturity and decline. This includes the manufacturing, marketing, pricing, promotion, selecting distribution channels etc. A good product lifecycle management has many benefits like efficient distribution, increased sales etc.