Business 9609 · AS & A Level · The nature of marketing

The nature of marketing — practice question

(a)[2]

Define the term 'product life cycle'.

(b)[3]

Briefly explain two uses of the product life cycle for a business.

Worked solution & mark scheme

This 5-mark question has a full step-by-step worked solution and mark scheme. One marking point: Product life cycle: the sequence of phases a product moves through, from introduction (launch) to withdrawal from the market (commonly: introduction, growth, maturity, decline).

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