Product Life Cycle

What is the Product Life Cycle?

• The estimation of how long it will take the product to falter in the market.

• The entire existence of a product from its origins to its death.

• The length of time it takes for a product to enter the market

• The cycle of how many times a product is copied in the market.

What is the correct pattern of stages of product life cycle?

• Introduction-Maturity-Growth-Decline

• Introduction-Growth-Decline-Maturity

• Introduction-Growth-Maturity-Decline

• Introduction-Decline-Maturity-Growth

Which Industry will have shorter product life cycle?

• Banking

• Retail Products

• Technology

• All of the above

It is the stage that focuses on creating product awareness and trial.

• Introduction

• Growth

• Maturity

• Decline

It is a period of market acceptance and increasing profits.

• Introduction

• Growth

• Maturity

• Decline

It is a stage wherein sales volume peak.

• Introduction

• Growth

• Maturity

• Decline

It is the stage wherein demands for a product reduce.

• Introduction

• Growth

• Maturity

• Decline