Question $1(1$ point$)$

In the maturity stage of the product life cycle, many products will have falling profits.

Question $1$ options:

True

False

Question $2(1$ point$)$

Consumers rely on past experience more than external information in routine problem$-$solving behaviour.

Question $2$ options:

True

False

Question $3(1$ point$)$

A product enters the decline stage when products become obsolete due to technological innovation or changes in consumer needs.

Question $3$ options:

True

False

Question $4(1$ point$)$

A company buys a new computer to upgrade its office technology and to ensure that its business runs efficiently. This is an example of $\_\_\_\_\_.$

Question $4$ options:

a business market

a consumer market

a psychographic market

product differentiation