The name Rig is of Norse origin. The meaning of Rig is king. Rig is generally used as a boy's name. It consists of 3 letters and 1 syllable and is pronounced Rig.
The concept described above is referred to as a âproductâs life cycleâ. Specifically, it describes a number of commercialisation steps that each product goes through as it penetrates the market. These steps include the initial research, sales growth, maturing of market demand and ultimately the productâs decline.
life cycle. Definitions (2) 1. The normal stages that a product passes through: research and development, growth, expansion, maturity, saturation, and decline. In the research stage, there are no sales at all. In the growth stage, sales are slow and often need to be supplemented by heavy sales and advertising efforts.