The product life cycle from inception to demise is shown in the graph. Match List I with List II and select the correct answer using the codes given below the Lists : List I (Stage) > I. > Product Development II. > Maturity III. > Growth IV. > Introductio

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Submitted by examrobotsa on

Q: 56 (IAS/1999)
The product life cycle from inception to demise is shown in the graph. Match List I with List II and select the correct answer using the codes given below the Lists :
List I (Stage)
I. Product Development
II. Maturity
III. Growth
IV. Introduction
List II (Zone)

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,31,55,27,31,13,15

keywords: 

{'product life cycle': [0, 1, 0, 0], 'product development': [0, 1, 0, 0], 'growth': [1, 1, 1, 0], 'graph': [0, 1, 1, 0], 'demise': [0, 1, 0, 0], 'maturity': [0, 1, 0, 0]}

This question is about linking the stages of the Product Life Cycle to the corresponding zone.

Option 1 identifies Product Development as Zone A, Maturity as Zone D, Growth as Zone B, and Introduction as Zone C. While it correctly matches Maturity with Zone D, the rest of the zones are incorrectly assigned.

Option 2 is the correct answer as it correctly matches all stages with their respective zones: Product Development is matched with Zone A, this is where a product is created and tested. The Maturity stage is paired with Zone D, which usually signifies a period when sales have peaked. Growth is linked with Zone C, showing the stage where a product`s sales are increasing at its fastest rate. Lastly, the Introduction stage is linked with Zone B, a stage when a new product is first introduced in the market.

Option 3 and 4 mix up the zones for different stages which don`t aptly represent the stages of a product life cycle and hence are incorrect.