RO67 - 4.8 - Extension strategies for products in the product li

RO67 - 4.8 - Extension strategies for products in the product li

10th Grade

20 Qs

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RO67 - 4.8 - Extension strategies for products in the product li

RO67 - 4.8 - Extension strategies for products in the product li

Assessment

Quiz

Business

10th Grade

Practice Problem

Easy

Created by

Paul Greenwood

Used 4+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main reason companies try to extend the life of a product?

To increase brand awareness
To create new products
To save money and time
To make the product more popular

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a strategy for extending a product's life?

Lowering the price
Adding new features
Creating a new product
Exploring new markets

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one way companies can use packaging to extend a product's life?

Using the same packaging for all products
Making the packaging more expensive
Using different colors or logos
Removing the packaging entirely

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do companies use advertising as an extension strategy?

To remind customers about the product
To increase production costs
To reduce product quality
To change the product's name

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can lowering the price extend a product's life?

By making it less affordable
By attracting new customers
By reducing sales
By increasing production costs

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the risk of raising the price to extend a product's life?

Losing existing customers
Increasing sales
Reducing production costs
Attracting new customers

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can adding value to a product extend its life?

By making it less appealing
By adding new features or improvements
By reducing its functionality
By increasing its price

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