Briefly Explain How Product Life-Cycle Management (PLM) Impacts Product Design

question 118

Essay

Briefly explain how product life-cycle management (PLM) impacts product design.

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Definitions:

Survey Scales

Rating scales used in questionnaires that allow respondents to indicate their opinions or feelings about a particular question or statement in a quantified manner.

Ordinal Data

Data that can be categorized or ranked, but the intervals between the ranks do not necessarily have a mathematical meaning.

Data

Facts and statistics collected together for reference or analysis, used to make decisions or inform conclusions.

Information

Data that is processed, organized, or structured in a way that adds context or meaning, making it useful for decision-making or understanding.