innovation, early adoption, late adoption, laggard
category acceptance, category growth, brand acceptance, brand growth
92. What can the marketers of consumer products expect to find when they study and apply the product
life cycle theory to their products?
All products go through every stage of the life cycle.
Changes in a product can change its life cycle.
The amount of time products stay in each stage is standardized for consumer products, but
not industrial products.
All products except those considered faddish go through every stage.
The theory helps to predict how long a firm will stay in each stage.
93. All the brands that satisfy a particular type of need such as shaving products, laundry detergent, soft
drinks, and furniture make up a(n):
94. Microwave ovens, staplers, frozen yogurt, and purses are examples of:
line-extendable categories
95. A brand of iced tea, called Gold Peak, has high marketing costs as well as high production costs.
Promotions for the product are aimed at gaining distribution and informing consumers that this
premium product tastes like it’s home-brewed. In which stage of the product life cycle is Gold Peak
iced tea?