The term "life-cycle" has different connotations in different aspects of learning. Typically the life-cycle means the "series of stages or phases of life."
In the parlance of Biology and Biotechnology, it means the course of progressive changes in an organism from the fertilized zygote to maturity when another zygote is formed. In technological parlance, the life-cycle can imply the functional phase of an information system. As we all know in today's world information systems and software have the tendency to get outdated rather quickly with modernisation, and at times sweeping modifications or changes in technology. The stage in the life of the information system where it can deliver good quality service is called as its life-cycle.
In investment parlance, we see that the choice of investments can change according to the age of a person and the vagaries of the market. The investment instruments tend to have a certain "life-cycle" in tune with the tenure of the investments. The life of the business concern spanning the inception of the product, growth, development, expansion, diversification, amalgamation, merger, and decline can be described as a "life-cycle. For a product or service, right from the time a product is created till it is consumed or disposed is known as the life-cycle of the product or the service. The tenure during which a positive reaction to an ad campaign is elicited is called the life-cycle of that advertising campaign.
In the parlance of Biology and Biotechnology, it means the course of progressive changes in an organism from the fertilized zygote to maturity when another zygote is formed. In technological parlance, the life-cycle can imply the functional phase of an information system. As we all know in today's world information systems and software have the tendency to get outdated rather quickly with modernisation, and at times sweeping modifications or changes in technology. The stage in the life of the information system where it can deliver good quality service is called as its life-cycle.
In investment parlance, we see that the choice of investments can change according to the age of a person and the vagaries of the market. The investment instruments tend to have a certain "life-cycle" in tune with the tenure of the investments. The life of the business concern spanning the inception of the product, growth, development, expansion, diversification, amalgamation, merger, and decline can be described as a "life-cycle. For a product or service, right from the time a product is created till it is consumed or disposed is known as the life-cycle of the product or the service. The tenure during which a positive reaction to an ad campaign is elicited is called the life-cycle of that advertising campaign.