Life Cycle Analysis & Product Life Cycle Quiz

What is the purpose of a Life Cycle Analysis (LCA)?

• To measure the environmental impacts of a service or product throughout its life cycle

• To assess the technological advancements in a product

• To evaluate the economic impact of a product

• To analyze the social implications of a product

Which international standard defines the principles and framework of LCA?

• ISO 27001

• ISO 45001

• ISO 14040

• ISO 9001

What is the first phase in the life cycle of a product?

• End of life management

• Extracting, processing, and/or supplying raw materials

• Putting into circulation

• Manufacturing/production

In which phase of the Product Life Cycle do sales rates slow down and stabilize?

• Maturity

• Growth

• Decline

• Introduction

What is the main goal of the 'Introduction' phase in the Product Life Cycle?

• To withdraw the product from the market

• To create awareness around the product or brand

• To maximize profits

• To engage in price wars

Which industry example is given for the 'Growth' phase in the Product Life Cycle?

• Transportation - Electric cars

• Consumer electronics - Holographic projections

• Transportation - Semi-autonomous cars

• Consumer electronics - Tablet PCs

What is the final phase in the life cycle of a product?

• End of life management

• Manufacturing/production

• Putting into circulation

• Use, reuse, and produce maintenance

Which organization defines the Life Cycle Assessment (LCA) as the evaluation of some aspects of a product system through all stages of its life cycle?

• ISO

• European Commission

• UNESCO

• European Environment Agency

What is the main purpose of conducting a Life Cycle Analysis?

• To measure the financial performance of a product

• To evaluate the potential social implications of a product

• To analyze the technological advancements in a product

• To compare a product or service with other products or services in the market

Which phase of the Product Life Cycle involves price wars and sales promotions?

• Maturity

• Growth

• Decline

• Introduction