LO3 R064

What is a product?

• Something that can't be touched

• A physical item that can be touched which is usually to be sold by the business

• Something that is free

• something that a business needs

What is a service?

• Something that can't be touched

• A physical item that can be touched which is usually to be sold by the business

• Something that is free

• something that a business needs

What stage of the Product Life Cycle is the product not on sale

• Growth

• Maturity

• Development

• Decline

What stage of the Product Life Cycle are the sales rapidly rising

• Growth

• Maturity

• Development

• Decline

What stage of the Product Life Cycle do the sales reach saturation point

• Growth

• Maturity

• Development

• Decline

At what stage is Galaxy chocolate on the product life cycle

• Growth

• Maturity

• Development

• Decline

At what stage is Pokemon Go on the product life cycle

• Growth

• Maturity

• Development

• Decline

At which stage of the Product Life Cycle are costs the highest?

• Introduction

• Growth

• Development

• Maturity

At which stage of the Product Life Cycle does market saturation occur.

• Introduction

• Growth

• Development

• Maturity

At which stage of the Product Life Cycle is the iphone 11 at

• Introduction

• Growth

• Development

• Maturity