U4L3 BW Intro

U4L3 BW Intro

Assessment

Flashcard

Business

9th - 12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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7 questions

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1.

FLASHCARD QUESTION

Front

What are the stages of the product life cycle?

Back

introduction, growth, maturity, and decline

2.

FLASHCARD QUESTION

Front

Which stage of the product life cycle is characterized by high competition and market saturation?

Back

maturity

3.

FLASHCARD QUESTION

Front

During which stage of the product life cycle does a product experience rapid sales growth?

Back

growth stage

4.

FLASHCARD QUESTION

Front

Which stage of the product life cycle is focused on building brand awareness and market share?

Back

Introduction

5.

FLASHCARD QUESTION

Front

What is not part of the marketing mix (the 4Ps)? Options: Product, Person, Price, Promotion

Back

Person

6.

FLASHCARD QUESTION

Front

The marketing Mix has_________ elements.

Back

4

7.

FLASHCARD QUESTION

Front

Price refers to _________.

Back

How much people will to pay for the product

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