Accounting Multiple Choice Question – 31 October 2024

Which of the following statements about a product life cycle diagram is true?

Select ONE answer:

1. The life cycle diagram predicts when the decline phase will start
2. Sales growth always follows the introduction of a product
3. Profits are normally highest during the maturity phase
4. The mature phase usually lasts about 10 years

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

1. Not correct
2. Not correct
3. Correct == > The maturity phase is the phase during which profits from the product are usually maximised
4. Not correct

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