Let’s look at some multiple choice questions which are based on the concept of product life cycle –
Q 1 During which stage of product life cycle the customer develop a tendency of indifference to product
A) Growth
B) Maturity
C) Introduction
D) Decline
Correct answer is Option B
Q 2 Every product goes through each stage of product life cycle for
A) 1 years
B) 2 years
C) It is not fixed
D) 5 years
Correct answer is Option C
Q 3 In which stage does sales volume peak
A) Introduction
B) Growth
C) Maturity
D) Decline
Correct answer is Option C
Q 4 During which stages profits are lowest and highest
A) Growth and maturity
B) Introduction and growth
C) Introduction and decline
D) Decline and growth
Correct answer is Option B
Q 5 What is the correct pattern of stages of product life cycle
A) Introduction – Maturity – Growth – Decline
B) Introduction – Growth – Maturity – Decline
C) Introduction – Decline – Maturity – Growth
D) Introduction – Maturity – Growth – Decline
Correct answer is Option B
Q 6 Which Industry will have shorter product life cycle
A) Banking
B) Retail products
C) Technology
D) All will have same product life cycle
Correct answer is Option C