Chapter 12

Chapter 12

3rd Grade

10 Qs

quiz-placeholder

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Chapter 12

Chapter 12

Assessment

Quiz

Business

3rd Grade

Practice Problem

Medium

Created by

Wenxin Cheong

Used 1+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Product life cycle describes the stages a product will pass through from its introduction, through its growth until its maturity and decline.

True

False

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following shows the correct product life stages of the product life cycle?

Development --Introduction --> Maturity --> Saturation --> Decline

Development --> Introduction --> Maturity --> Growth --> Saturation

Development --> Introduction --> Maturity --> Growth --> Saturation -> Decline

Development --> Introduction --> Growth --> Maturity --> Saturation

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

At the _______________ stage, the product is launched to the market.

Development

Introduction

Maturity

Growth

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Profit starts to be made at the __________ stage.

Introduction

Maturity

Profitable

Growth

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

At the _____________ stage, profits will start to fall.

Maturity

Decline

Saturation

End

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Market research is done at the _____________ stage.

Beginning

Development

Introduction

End

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

When the product is at the saturation stage, the owner can consider adopting ____________ strategies.

extension

prolonging

value added

sales

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