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

Understanding Product Life Cycle Theory

Quiz
•
Business
•
12th Grade
•
Medium
Shilpa Verma
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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