Product Lifecycle

Product Lifecycle

Assessment

Flashcard

Business

11th Grade

Hard

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

In which stage is a product idea first generated and refined? Options: Introduction, Growth, Development, Maturity

Back

Development

2.

FLASHCARD QUESTION

Front

What is the primary focus during the development stage?

Back

Creating and testing a new product

3.

FLASHCARD QUESTION

Front

High costs are typically incurred during the development stage due to:

Back

Research and testing

4.

FLASHCARD QUESTION

Front

In which stage is a product first launched in the market?

Back

Introduction

5.

FLASHCARD QUESTION

Front

What is the primary marketing goal during the introduction stage?

Back

Inform customers about the new product

6.

FLASHCARD QUESTION

Front

Sales are typically _____ during the introduction stage.

Back

low

7.

FLASHCARD QUESTION

Front

Which stage of the product lifecycle is characterized by rapidly increasing sales?

Back

Growth

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