Product life cycle 2
Authored by Sarah Harrison
Business
3rd Grade
Used 20+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens at the development stage?
Sales are high and costs are high
No sales and costs may be high
Sales are falling
Sales are at their peak
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During the growth phase..
Sales are at their peak
Sales are rising quickly as are profits
Sales are falling
No sales
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The maturity stages is when
The product is new to the market
The sales are falling and competitors are joining the market
The product is fully established sales are at their peak
No sales
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Do all products go through the product life cycle?
No
Yes
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What can businesses do to try and give a product a longer life cycle?
Take the product off the market
Introduce an extension strategy
Put the price up
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