product life cycle " the time in which a product is introduced into a market-place and experiences a growth in sales, before sales mature and begin to decline, possibly leading to the demise of the product ...
Term that refers to inventory that is at the end of its product life cycle and has not seen any sales or usage for a set period of time usually determined by the industry.
Economic Life
The time period over which an asset's NPV is maximized. Economic life can be less than absolute physical life for reasons of technological obsolescence, physical deterioration, or product life cycle.
Its IT and Technology Services division provides application development, maintenance, support, and outsourcing services; and business process, consulting, infrastructure management, engineering, product life cycle management, ...
The cost-reduction activities associated with the Kaizen approach minimize costs throughout the entire product life cycle. Therefore, it has the advantage of being closely related to the entity's profit-planning procedures. See Target Cost.
 See also: Investment, Market, Stock, Life, Profit
  
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