Product Life Cycle
Authored by Kelly Inzinga
Business
9th - 12th Grade
Used 19+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of these is not a stage in the Product Life Cycle?
Introduction
Growth
Peak
Decline
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Products in the Introduction Stage will have many competitors and will be priced low.
True
False
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What happens in the Growth Stage?
Sales increase
Price rises drastically
Product grows in size physically
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What happens in the Maturity Stage
Price increases
Competitors attempt to copy products
Consumers have already purchased these products routinely
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of these products is in the Maturity Stage?
iPhone 14
Kelloggs Cornflakes
Nintendo Switch
Self Lacing Shoes
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
In the Decline Stage, product sales continue to increase.
True
False
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Short Product Life Cycle products go through each stage quickly.
True
False
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