Product Life Cycle

Which of these is not a stage in the Product Life Cycle?

• Introduction

• Growth

• Peak

• Decline

Products in the Introduction Stage will have many competitors and will be priced low.

• True

• False

What happens in the Growth Stage?

• Sales increase

• Price rises drastically

• Product grows in size physically

What happens in the Maturity Stage

• Price increases

• Competitors attempt to copy products

• Consumers have already purchased these products routinely

Which of these products is in the Maturity Stage?

• iPhone 14

• Kelloggs Cornflakes

• Nintendo Switch

• Self Lacing Shoes

In the Decline Stage, product sales continue to increase.

• True

• False

Short Product Life Cycle products go through each stage quickly.

• True

• False

Due to COVID, there is an increase use of Online Health Care and Education sites. What stages are these products in?

• Growth

• Maturity

• Decline

What stage of the Product Life Cycle are self-driving cars (Tesla)?

• Introduction

• Growth

• Maturity

• Decline

What stage of the Product Life Cycle is Disney+ in?

• Introduction

• Growth

• Maturity

• Decline