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Quiz:
Which of the following stage is considered as the last stage of any product and at this stage the product will disappear from the market?
Raw material, machinery and chemicals are ____
Which technique is applied at problem identification stage?
Marketers/researchers use some techniques to deduce some meaningful information from collected data. It is called?
Qualitative research is exploratory research used to uncover consumer attitudes, motivations and behavior. What techniques can be applied to obtain qualitative research?
Relationship of cause and effect is called?
In which stage of product life cycle, a large number of manufactures and marketers enter in the market?
Processing of data into numeric is called?
In which stage of product life cycle, marketers will introduce innovations in the product to keep their sales high.
In which stage of product life cycle, there is highest level of sales but per unit profit decreases