Tairge le haistriú

Tairge le haistriú

Assessment

Passage

Business

9th Grade

Hard

Created by

Wayground Content

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first stage of the product life cycle?

Development

Introduction

Growth

Maturity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor does NOT cause a change in the demand for products?

Change in price

Customer tastes/expectations

Product color

Advertising

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens during the development stage of a product's life cycle?

Sales begin to increase

The product is sold for the first time

Sales are at zero

Sales reach their peak

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which stage of the product life cycle is characterized by slow sales growth?

Maturity

Decline

Introduction

Growth

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an extension strategy?

A plan to reduce product price

A method to increase product sales

A strategy to shorten the product life cycle

A tactic to decrease advertising costs

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a strategy to extend the product life cycle?

Re-branding

Repackaging

Product modification

Reducing quality

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does re-branding refer to?

Selling the same product under a new brand identity

Selling the product in new markets

Modifying the product's features

Changing the product's price

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