
Product Development
Quiz by Lovely
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10 questions
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- Q1What is generated by examining the goods and services sold in the community?business conceptbusiness creationbusiness ideabusiness pricing30s
- Q2What term describes a process of making a new product to be sold to customers?product analysisproduct developmentproduct conceptualizationproduct implementation30s
- Q3What term describes luxuries, advantages, and desires that individuals consider beyond necessities?desiresneedsrequirementswants30s
- Q4What is the factor presented by a seller to differentiate their product from competitors?finding value-addedunique selling planunique pricing policyunique selling proposition30s
- Q5In what stage are the needs of the target market identified, reviewed, and evaluated?concept developmenteconomic analysisrefine specificationproject development30s
- Q6What term refers to the introduction of new ideas to make products and services more appealing?product developmentnew ideacreativityinnovation30s
- Q7What is a managerial tool used for environmental assessment in strategic planning?SWOT AnalysisWOTS Analysissurvey analysisenvironmental scanning30s
- Q8What marketing practice is used to create names, symbols, or designs to differentiate products?taglinebrandingunique selling propositionproduct naming30s
- Q9What is a meaningful and unforgettable statement that captures the essence of a brand?taglinebrandingunique selling propositionproduct naming30s
- Q10What are the essential items that people cannot live without?desireswantsneedsrequirements30s