Podcast
Questions and Answers
Which of the following is NOT a stage of the product life cycle?
Which of the following is NOT a stage of the product life cycle?
- Growth
- Expansion (correct)
- Decline
- Introduction
Which category of the BCG matrix is characterized by low market share in a high-growth market?
Which category of the BCG matrix is characterized by low market share in a high-growth market?
- Cash cows
- Stars
- Dogs
- Question marks (correct)
Which strategy of the Ansoff matrix involves creating new products for existing markets?
Which strategy of the Ansoff matrix involves creating new products for existing markets?
- Diversification
- Market development
- Market penetration
- Product development (correct)
Flashcards
BCG Matrix Category for Low Market Share, High Growth
BCG Matrix Category for Low Market Share, High Growth
Question Marks
Ansoff Matrix Strategy: New Product, Existing Market
Ansoff Matrix Strategy: New Product, Existing Market
Product Development
NOT a Product Life Cycle Stage
NOT a Product Life Cycle Stage
Expansion
Study Notes
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Description
Test your knowledge about the BCG matrix by taking this quiz! This tool is commonly used in strategic management to analyze a company's product portfolio and make decisions on resource allocation. With questions covering topics such as market growth and market share, you'll have the opportunity to showcase your understanding of this important business tool. Whether you're a student of business or a seasoned professional, this quiz is a great way to test your knowledge and learn something new.
