Product life cycle is defined as
a. the average life span of a product.
b. a concept that describes the stages a new product goes through from product concept to commercialization.
c. a concept that describes the stages a product goes through in the marketplace—early growth, accelerated development, maturity, and decline.
d. a concept that describes the stages a product goes through in the marketplace—introduction, growth, maturity, and decline.
e. the amount of time it takes a product innovation to completely diffuse in the marketplace.

Oliver queen buys 100 shares of stock in green arrow archery corporation, a publicly traded company with which he is not affiliated as a director, officer, or employee. he then sells his 100 shares to john diggle. the sec sues oliver because he didn't register the sale of stock to john. who wins? oliver, because the sale falls into the nonissuer exemption oliver, because the sale falls into the private placement exemption the sec, because the transaction is not exempt from registration the sec, because even exempt transactions must be registered with the sec