Product Life-Cycle Management (PLM) Software Manages Product Data from Design

question 59

True/False

Product life-cycle management (PLM) software manages product data from design through manufacture, and disposal.

---

Definitions:

Bags Per Month

A measurement of quantity, often used to describe the production or consumption rate of bags within a monthly period.

Market Equilibrium

occurs in a market when the quantity supplied equals the quantity demanded, typically represented by the intersection of supply and demand curves.

Surplus

An excess of production or supply over demand, often resulting in a decrease in prices.

Equilibrium Price

The rate at which the supply of products aligns perfectly with the demand for these goods.