Question: What does a product lifecycle refer to?a. The changes that firms devote to develop new product development or redesigns.b. The changes that product attracts sales

What does a product lifecycle refer to?a. The changes that firms devote to develop new product development or redesigns.b. The changes that product attracts sales mainly through word of mouth which maketescan encourage with loyalty programs and referral rewards.c. The change of firms altering brand and product preferences.d. How long consumers might pay for products' features before they grow more price sensitive.e. The changes that arise in most customers' purchave citeria and marieters' responses following the introduction of the product category.

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