Product Life Cycle

Product Life Cycle

12th Grade

20 Qs

quiz-placeholder

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Product Life Cycle

Product Life Cycle

Assessment

Quiz

Business

12th Grade

Medium

Created by

Michael Lambley

Used 1+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: The first stage of the product life cycle is called _________.

Introduction

Growth

Maturity

Decline

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During the _________ stage, sales are increasing at their fastest rate.

growth

introduction

maturity

decline

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: The _________ stage is when sales are near their highest, but the rate of growth is slowing down.

maturity

introduction

decline

growth

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: When everyone who might want the product has got it, the product is in the _________ stage.

maturity

introduction

growth

decline

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fill in the blank: The final stage of the product life cycle, when sales begin to fall, is called the _________ stage.

decline

growth

introduction

maturity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Product Life Cycle - Introduction stage characterized by?

High consumer awareness

Low profits due to high development costs

Low prices

High sales volume

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the Product Life Cycle - Introduction stage, who are the primary consumers?

Late adopters

Early adopters

General public

Price-sensitive consumers

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