Answer:
True.
Explanation:
A product life cycle can be defined as the stages or phases that a particular product passes through, from the period it was introduced into the market to the period when it is eventually removed from the market.
Generally, there are four (4) stages in the product-life cycle;
1. Introduction.
2. Growth.
3. Maturity.
4. Decline.
Life cycle assessment (LCA) also known as life cycle analysis can be defined as an environmental management technique which is typically used by industries to assess, monitor and analyze the impact of the various stages of the life-cycle of their products, systems, processes or activities and services on the environment i.e the cradle to grave impacts.
Generally, life cycle assessments requires a thorough evaluation of the raw materials and energy that are being used in the manufacturing process of a product or service, as well as determining the various emissions into the environment respectively.
For example, in the manufacturing process of a product, life cycle assessment evaluates the impact of the product from raw material extraction (cradle) to production (finished product), distribution, use, and the disposal of the product (grave).
Hence, life cycle assessments are used by various industries to identify and evaluate the total energy impacts of their products and services.
