[Solved] Describe methods used to extend life cycle of a product. New-Product Development Process: The series of steps from idea generation and screening to commercialization, used by companies to launch new products. New-product: Products that have been recently developed and introduced to the market, offering new benefits or improvements over existing offerings. Marketing Reasons: The underlying motives or justifications for implementing particular marketing strategies or actions to achieve business objectives. Autoerotic Asphyxia: A form of sexual masochism linking strangulation with masturbation.