PRODUCT LIFE CYCLE

Question 1

is the cycle through which
every product goes through from introduction
to withdrawal or eventual demise.

Answer 1

PRODUCT LIFE CYCLE

Question 2

It is a period of slow sales growth as the
product is introduced in the market.
Profits are nonexistent because of the
heavy expenses of product introduction.

Answer 2

Introduction

Question 3

There is a slowdown in sales
growth because the product
has achieved acceptance by
most potential buyers. Profits
stabilize or decline because
of increased competition.

Answer 3

Maturity Stage

Question 4

It is a period of rapid market
acceptance and substantial
profit improvement.

Answer 4

Growth Stage

Question 5

Sales show a downward drift
and profits erode.

Answer 5

Decline Stage