Product Life Cycle

Product Life Cycle

Assessment

Flashcard

Business

Professional Development

Medium

Created by

Wayground Content

Used 2+ times

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26 questions

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1.

FLASHCARD QUESTION

Front

Which stage has rapid sales?

Back

growth

2.

FLASHCARD QUESTION

Front

Which stage has lots of competitors?

Back

maturity

3.

FLASHCARD QUESTION

Front

What is a product extension?

Back

strategies to keep the product from declining

4.

FLASHCARD QUESTION

Front

Which stage requires a lot of advertising?

Back

Growth

5.

FLASHCARD QUESTION

Front

Which stage has the least production costs?

Back

decline

6.

FLASHCARD QUESTION

Front

Which stage has economies of scale?

Back

maturity

7.

FLASHCARD QUESTION

Front

What stage would Netflix be in? Options: introduction, growth, maturity, decline

Back

maturity

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