Product Life Cycle Quiz

What is the first stage of the product life cycle?

• Growth

• Maturity

• Introduction

• Decline

Which stage is when a product is first launched into the market?

• Introduction

• Growth

• Maturity

• Decline

In which stage do sales start to grow quickly?

• Introduction

• Growth

• Maturity

• Decline

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

• Sales start to fall

• Sales grow quickly

• Sales are stable

• Product is introduced to the market

Which stage comes after the growth stage?

• Introduction

• Growth

• Maturity

• Decline

In which stage do companies try to keep the product in the market for as long as possible?

• Introduction

• Growth

• Maturity

• Decline

What happens during the decline stage?

• Sales grow

• Sales fall

• Sales stay the same

• Product is introduced to the market

Which stage is the product at its highest sales?

• Introduction

• Growth

• Maturity

• Decline

What happens to profits in the introduction stage?

• They increase

• They decrease

• They stay the same

• They disappear

What is the main focus during the decline stage?

• Boost sales

• Introduce new products

• Reduce costs

• Grow market share