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Product Lifecycle Quiz

Authored by Marie Vaux

Computers

10th Grade

Used 1+ times

Product Lifecycle Quiz
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the product lifecycle show?

The price of a product

The 'life' of a typical product

The color of a product

The weight of a product

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the product lifecycle not specify?

The color of the product

The specific dates of the time period

The brand of the product

The size of the product

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

During which stage of the product lifecycle do sales typically peak?

Introduction

Growth

Maturity

Decline

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the primary goal during the Introduction stage?

Maximize profit

Build product awareness

Reduce costs

Withdraw the product

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which stage might involve product modifications to extend the lifecycle?

Introduction

Growth

Maturity

Decline

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main challenge during the Growth stage?

Establishing market presence

Managing rapid sales increase

Reducing production costs

Withdrawing the product

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which stage of the product lifecycle involves the initial launch of the product?

Introduction

Growth

Maturity

Decline

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