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- 1. Multiple Choice
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.
- 2. Multiple Choice
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
- 3. Multiple Choice
Which Industry will have shorter product life cycle?
Banking
Retail Products
Technology
All of the above
- 4. Multiple Choice
It is the stage that focuses on creating product awareness and trial.
Introduction
Growth
Maturity
Decline
- 5. Multiple Choice
It is a period of market acceptance and increasing profits.
Introduction
Growth
Maturity
Decline
- 6. Multiple Choice
It is a stage wherein sales volume peak.
Introduction
Growth
Maturity
Decline
- 7. Multiple Choice
It is the stage wherein demands for a product reduce.
Introduction
Growth
Maturity
Decline
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