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Product Life Cycle
Product Life Cycle
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StudBud Administration
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Plenary quiz on the product life cycle for Higher Business Management
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
At which stage of the product life cycle is market saturation likely to occur?
Decline
Growth
Introduction
Maturity
2
At which stage of the product life cycle do the highest sales and profit occur?
Introduction
Growth
Maturity
Decline
3
At which stage of the product life cycle is a Galaxy chocolate bar at?
Maturity
Development
Decline
Growth
4
How many stages are there in the product life cycle?
3
4
5
2
5
At the maturity stage of the product life cycle....
Costs are high
Competitors enter the market
Profits are declining
Sales are low
6
The 1st stage of the product life cycle is......
Development
Launch
Introduction
Research
7
When the available supply of products meets or exceeds customer demand, this is known as.....
Market share
Market growth
Market saturation
8
At which stage of the product life cycle is a loss made?
Introduction
Development
Decline
Maturity
9
At which stage of the product life cycle are promotion costs highest?
Growth
Maturity
Introduction
Decline
10
Which stage of the product life cycle are CD players at?
Introduction
Decline
Maturity
Growth
