The product life-cycle concept indicates as to what can be expected in the market for a new product at various stages. i.e., introduction, growth, maturity and decline. Thus, the concept of product life-cycle can be used as a forecasting tool.
A software license is a legal instrument (usually by way of contract law, with or without printed material) governing the use or redistribution of software. Under United States copyright law all software is copyright protected, except material in the public domain.his feature of proprietary software licenses means that certain rights regarding the software are reserved by the software publisher. Therefore, it is typical of EULAs to include terms which define the uses of the software, such as the number of installations allowed or the terms of distribution.
Refers to any software that is designed for sale to serve a commercial need. Commercial software is usually proprietary software, but in some instances it may be public-domain software. Top 5 Business Software Questions. 1. What is software? 2. What is tax software? 3. What is accounting software? 4. What is billing software? 5. What is email software?