Product life cycle

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Product life cycle is spans the time from initial R&D on a product to when customer service and support is no longer offered for that product.

Definitions

According to Cost Accounting by Horngren, Datar, Rajan (14th edition),

Product life cycle. Spans the time from initial R&D on a product to when customer service and support is no longer offered for that product.

According to the PMI Lexicon of Project Management Terms,

Product Life Cycle. The series of phases that represent the evolution of a product, from concept through delivery, growth, maturity, and to retirement. See also project life cycle.

According to the ASME EMBOK,

Product Life Cycle. The stages that products progress through from development to withdrawal from the market.