Understanding Product Life Cycle Theory

Understanding Product Life Cycle Theory

12th Grade

10 Qs

quiz-placeholder

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Understanding Product Life Cycle Theory

Understanding Product Life Cycle Theory

Assessment

Quiz

Business

12th Grade

Medium

Created by

Shilpa Verma

Used 2+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the four main stages of the Product Life Cycle?

Start, Rise, Peak, Fall

Release, Adoption, Stabilization, Exit

Introduction, Growth, Maturity, Decline

Launch, Expansion, Saturation, Withdrawal

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which stage does a product first get introduced to the market?

Decline stage

Growth stage

Maturity stage

Introduction stage

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Give an example of a product that was introduced in the U.S. during the Introduction stage.

Google Pixel

Nokia 3310

Apple iPhone

Samsung Galaxy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During which stage does a product start being exported to other developed countries?

Internationalization stage

Development stage

Launch stage

Growth stage

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a real-world example of a product that experienced growth in the market?

Electric vehicles (EVs), particularly Tesla.

Home appliances, such as refrigerators.

Traditional gasoline cars, like Ford.

Smartphones, particularly Apple.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the Maturity stage, where does production typically shift to?

Emphasis on rapid market expansion.

Efficiency and cost reduction in production.

Focus on product diversification.

Increase in manual labor production.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do developed countries start importing products during the Maturity stage?

Developed countries start importing products during the Maturity stage to reduce costs, increase variety, and respond to competitive pressures.

To eliminate competition from local manufacturers

To comply with international trade agreements

To increase domestic production capacity

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