The Product Life Cycle (PLC) is a vital concept in marketing and business management that evaluates a product’s journey from its development to its withdrawal from the market.
![Product Life Cycle: Definition, Stages Explained [Examples]](https://i0.wp.com/retailboss.co/wp-content/uploads/2023/03/img_2074.jpg?resize=740%2C600&ssl=1 "Product Life Cycle: Definition, Stages Explained [Examples]")