Life Cycle. What is a 'Life Cycle'. The course of events that brings a new product into existence and follows its growth into a mature product and into eventual critical mass and decline. â¢ Product Development Phase - Includes market analysis, product design, conception, and testing.
Learner's definition of CREATIVE. 1. [more creative; most creative] : having or showing an ability to make new things or think of new ideas. He was more creative [=imaginative] than the other students. She's a very creative person. She has one of the most creative minds in the business.
By: Ryan May. 1  There was a time when the concept of creativity was only associated with writers, painters, musicians and similar people in artistic professions. 2  Creativity is the mental and social process used to generate ideas, concepts and associations that lead to the exploitation of new ideas.