Question

_____ is an enterprise business strategy that creates a common repository of product information and processes to support the collaborative creation, management, dissemination, and use of product and packaging definition information.

Answer 1

Product life cycle management

Step-by-step explanation:

Product life cycle stages are (1) Introduction (2) Growth (3) Maturity (4) Decline.

Product life cycle management: This is the application of different strategies to combat the challenges faced in product life cycle stages such as introduction, growth, maturity and decline. A business is faced with various challenges during the production process.

It involves the production stages of a product which includes manufacturing and marketing.

Product life cycle management helps managers in decision making process on how best produce at a very low cost and how to market the product.

Answer 2

B. Product life cycle management

Step-by-step explanation:

Product life cycle management is the sequence of techniques by business management as the product goes through its life cycle. Say to say, it is the handling of products as it moves through various stages of its product life. It is a combination of both the manufacturing segment and the marketing segment. In this case, the succession of product information and processes to support the collaborative creation, management, dissemination, and use of product and packaging definition information falls under product life cycle management. It is the Integration of all aspects of a product.