Product Life Cycle Quiz

What are the four stages of a product's commercial life?

• Introduction, Expansion, Peak, Fall

• Launch, Growth, Maturity, Decline

• Release, Increase, Stabilize, Decrease

• Start, Rise, Plateau, Drop

What is the main focus of designers regarding the product life cycle?

• Maximizing sales

• Considering the whole product cycle

• Reducing production costs

• Increasing market share

What does obsolescence refer to?

• The process of a product becoming outdated

• The increase in product sales

• The introduction of new products

• The decline in product quality

Which type of obsolescence is characterized by a product becoming outdated due to new technology?

• Planned Obsolescence

• Style Obsolescence

• Functional Obsolescence

• Technological Obsolescence

What is an example of planned obsolescence?

• New technology replacing old technology

• Fashion trends changing

• Light bulbs designed to last a certain amount of hours

• Products wearing out over time

What happens during the maturity stage of the product life cycle?

• Sales begin to decline

• Sales rapidly increase

• Sales are low and profits are minimal

• Sales peak and remain steady

Which of the following is NOT a type of obsolescence identified by IB?

• Market Obsolescence

• Functional Obsolescence

• Style Obsolescence

• Planned Obsolescence

What is the effect of consumer trends on the product life cycle?

• They are predictable

• They can shorten the product cycle

• They have no impact

• They only affect technological products

What is product versioning?

• Reducing the features of a product

• Increasing the price of a product

• Discontinuing old products

• Creating multiple versions of a product

Which company is known for effectively using product versioning?

• Samsung

• Apple

• Microsoft

• Sony