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Describe Methods Used to Extend Life Cycle of a Product

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Describe methods used to extend life cycle of a product.


Definitions:

Digital Marketspace

An online environment where goods and services are bought and sold.

Customer Value

The perception of what a product or service is worth to a customer versus the possible alternatives, weighted by the quality and benefits it provides.

Buyer-seller Relationships

The dynamic interactions and transactions between buyers and sellers, often emphasizing cooperation, trust, and communication for long-term engagement.

Individuality

The quality or character of a particular person or thing that distinguishes them from others, emphasizing uniqueness and personal identity.

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