Business Studies Collins Revision Guide. - StudyGuide.PK

Check yourselfProduct life cycle1 Draw and fully label a graph showing the five stages of a productlife cycle. (10)2 Place the following products in their appropriate stage of theproduct life cycle:Cassette players, DVD players, organic food, CDs, hair dryers (5)Launch Growth Maturity Saturation Decline153 How might a business attempt to halt the decline in sales of aproduct? (1)4 At what stages in the life of a product might productdevelopment take place? (2)5 Suggest ways in which a producer of children’s sweets might tryto extend their product life cycle. (2)The answers are on page 116.68