Product Life Cycle Quiz

Product Life Cycle Quiz

11th Grade

9 Qs

quiz-placeholder

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Product Life Cycle Quiz

Product Life Cycle Quiz

Assessment

Quiz

Business

11th Grade

Hard

Created by

Zenobia Omarali

FREE Resource

9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is not a stage of the product life cycle?

Decline

Introduction

Maturity

Competitive growth

Product development

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this stage: - Begins when the company develops a new-product idea - Sales are zero - Investment costs are high - Profits are negative

Introduction

Product development

Decline

Maturity

Growth

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this stage: - Low sales - High cost per customer acquired - Negative profits - Innovators are targeted - Little competition

Growth

Decline

Introduction

Maturity

Product development

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this stage: - Rapidly rising sales - Average cost per customer - Rising profits - Early adopters are targeted - Growing competition

Decline

Maturity

Introduction

Growth

Product development

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this stage: - Sales peak - Low cost per customer - High profits - Middle majority are targeted - Competition begins to decline

Decline

Growth

Product development

Introduction

Maturity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this stage: - Declining sales - Low cost per customer - Declining profits - Laggards are targeted - Declining competition

Decline

Growth

Product development

Introduction

Maturity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this stage: - Sales growth slows down - High cost per customer - Profits stabilize or decline - Late majority are targeted - Intense competition

Introduction

Decline

Product development

Maturity

Growth

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which stage is characterized by: - High initial investment - No sales - Focus on research and development - Testing of product concepts

Product development

Maturity

Growth

Introduction

Decline

9.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In this stage: - Market saturation occurs - Sales decline - Cost per customer remains low - Focus shifts to cost-cutting - Product is phased out

Product development

Decline

Maturity

Growth

Introduction