Study Table 1 below and use the information to fill in the appropriate product (car) for stages A, B, C, and E of the Product Life Cycle - Leaving Cert Business - Question 12 - 2019
Question 12
Study Table 1 below and use the information to fill in the appropriate product (car) for stages A, B, C, and E of the Product Life Cycle. D has been completed for yo... show full transcript
Worked Solution & Example Answer:Study Table 1 below and use the information to fill in the appropriate product (car) for stages A, B, C, and E of the Product Life Cycle - Leaving Cert Business - Question 12 - 2019
Step 1
A: Launch
96%
114 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
The GM Self-Driving Car is at the launch stage. This stage indicates that it is a new product entering the market, likely requiring heavy marketing investments and facing initial consumer skepticism.
Step 2
B: Growth
99%
104 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
The Electric Car (EV) is in the growth phase. This indicates an increase in consumer awareness and sales. The product is gaining traction and market acceptance.
Step 3
C: Maturity
96%
101 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
The VW Golf is in maturity. This stage signifies that sales are stabilizing, and the product has reached widespread market acceptance but faces growing competition.
Step 4
E: Decline
98%
120 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
The 1950s Chevy is in decline. This suggests that the product is experiencing a decrease in sales, often due to changing consumer preferences or the introduction of newer, better alternatives.
Join the Leaving Cert students using SimpleStudy...
