Phase - stage in the product lifecycle



Gate - critical decision point ending a phase and starting the next



Product Life Cycle - The phases from Conceive to Retire



Product - a good, idea, method, information, object, or service...which serves a need or satisfies a want. It has combination of tangible and intangible attributes (benefits, features, functions, uses) that a seller offers a buyer for purchase



Need - a lack of basic requirement



Want - specific requirements for products o...
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