Product Life Cycle
Authored by Phil Arnold
Business
Professional Development
Used 103+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which stage has rapid sales?
introduction
maturity
decline
growth
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which stage has lots of competitors?
growth
maturity
introduction
decline
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is a product extension?
longer production time
products with extension features
strategies to keep the product from declining
products that keep going through the different stages
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which stage requires a lot of advertising?
Introduction
Growth
Maturity
Decline
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which stage has the least production costs?
introduction
maturity
decline
growth
6.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
What should a business do in the intro stage?
make lots of their product
build up sales
increase staff numbers
increase customer awareness
7.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
What could a business do in the decline stage?
remove the product from the market
use a product extension strategy
increase production
sack the directors and start again
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