Which of the following is NOT a stage of Product Life Cycle?  A. Introduction Stage  B. Decline stage  C. Growth stage  D. Retiring stage

Break Down the Problem

1. Identify the stages of the Product Life Cycle.
2. Distinguish the correct stages from the incorrect option.

Relevant Concepts

The Product Life Cycle (PLC) typically includes four stages:

• Introduction Stage
• Growth Stage
• Maturity Stage
• Decline Stage

Analysis and Detail

1. Introduction Stage: This is when the product is launched, and marketing begins, focusing on creating awareness.
2. Growth Stage: Sales increase as the product gains market acceptance.
3. Maturity Stage: The product reaches its peak, with maximum sales and competition.
4. Decline Stage: Sales decrease due to market saturation, competition, or changing consumer preferences.

The term "Retiring stage" is not commonly recognized as a distinct stage within the Product Life Cycle framework. Instead, products may simply fade in the decline stage until they are eventually discontinued or "retired."

Verify and Summarize

The stages of the Product Life Cycle are standard and include Introduction, Growth, Maturity, and Decline. Since "Retiring stage" does not fit within these commonly accepted stages, it is indeed the option that does not belong.

Final Answer

D. Retiring stage is NOT a stage of the Product Life Cycle.