CAPM (Certified Associate in Project Management) Practice Exam

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What are the typical stages in a product life cycle?

  1. Planning, Execution, Monitoring, Controlling

  2. Introduction, Growth, Maturity, Retirement

  3. Concept, Development, Implementation, Conclusion

  4. Initiation, Planning, Executing, Closing

The correct answer is: Introduction, Growth, Maturity, Retirement

The correct answer is B. The typical stages in a product life cycle are Introduction, Growth, Maturity, and Retirement. Option A (Planning, Execution, Monitoring, Controlling) aligns more with the stages in project management, not specifically in a product life cycle. Option C (Concept, Development, Implementation, Conclusion) also reflects a product development process rather than the stages in a product life cycle. Option D (Initiation, Planning, Executing, Closing) corresponds to the stages in project management but does not represent the stages typically found in a product life cycle.

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