Source: https://geographyfieldwork.com/High-TechCluster.htm
The product life cycle begins with the development of a product, and ends in its replacement by something better.
Some high-quality products may have life cycles lasting one or two decades.
From a geographical point of view there is evidence that products at different stages of the cycle are associated with different locations.
Development:
Initial growth is slow.
Efforts are made to improve quality and reliability, causing frequent changes in production processes and product
Production relies heavily on scientific and engineering skills.
Thus, production locates close to the firm’s HQ and R&D operations.
. Maturity:
The product has been perfected.