In product life cycle, the new products are cause of?
Correct answer: A. growth
- A. growth
- B. maturity
- C. decline
- D. loss
Explanation
New products can create or stimulate the growth stage by attracting customers and increasing sales after introduction. Maturity and decline occur later in the product life cycle, while loss is not a standard stage.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Marketing
Marketing covers how organisations identify customer needs, create value and exchange products or services through suitable markets. Key concepts include market segmentation, targeting, positioning, consumer behaviour, the marketing mix of product, price, place and promotion, branding, product life cycle and differences between marketing and selling.
Practise Marketing
1,700 free Marketing MCQs from Management Sciences, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Management Sciences questions like this
Management Sciences is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Marketing questions
The testing technique in which researchers measure customers responses to new products is called?
The process which consists of coordination of communication channels to deliver and compelling message about company and its products is classified as?
Considering promotional mix, the method of giving short term incentives to encourage sale of particular market offering is classified as?
Considering non-personal communication channels, the social networking sites, e-mail and company Websites are considered as?
In the 'decline stage of product life cycle' the per customer cost is?
The set of stages through which the customers pass through while purchasing the market offerings are classified as?