life cycle

life cycle definition - business

life cycle

The progression of a business or product as it moves through successive stages from origin to eventual decline. Stages of a life cycle typically include conception, rapid growth, expansion, maturity, and decline. Also called product life cycle.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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