Question: Which statement best explains the product life cycle? the time in which firms hire an outside firm to help generate ideas and develop new products

Which statement best explains the product life cycle?
the time in which firms hire an outside firm to help generate ideas and develop new products and services
the process by which the use of an innovation spreads throughout a market group over time and over various categories of adopters
the process in which a product is analyzed and improved so that it does not infringe on the competitor's patents
the stages that products moye through as they enter, get established in, and ultimately leave the marketplace
the length of time a product exists in the marketplace before the market becomes saturated
Which statement best explains the product life cycle? the time in

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