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

Chapter 12

Quiz
•
Business
•
3rd Grade
•
Medium
Wenxin Cheong
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
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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