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Product Development

Quiz by Lovely

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10 questions
Show answers
  • Q1
    What is generated by examining the goods and services sold in the community?
    business concept
    business creation
    business idea
    business pricing
    30s
  • Q2
    What term describes a process of making a new product to be sold to customers?
    product analysis
    product development
    product conceptualization
    product implementation
    30s
  • Q3
    What term describes luxuries, advantages, and desires that individuals consider beyond necessities?
    desires
    needs
    requirements
    wants
    30s
  • Q4
    What is the factor presented by a seller to differentiate their product from competitors?
    finding value-added
    unique selling plan
    unique pricing policy
    unique selling proposition
    30s
  • Q5
    In what stage are the needs of the target market identified, reviewed, and evaluated?
    concept development
    economic analysis
    refine specification
    project development
    30s
  • Q6
    What term refers to the introduction of new ideas to make products and services more appealing?
    product development
    new idea
    creativity
    innovation
    30s
  • Q7
    What is a managerial tool used for environmental assessment in strategic planning?
    SWOT Analysis
    WOTS Analysis
    survey analysis
    environmental scanning
    30s
  • Q8
    What marketing practice is used to create names, symbols, or designs to differentiate products?
    tagline
    branding
    unique selling proposition
    product naming
    30s
  • Q9
    What is a meaningful and unforgettable statement that captures the essence of a brand?
    tagline
    branding
    unique selling proposition
    product naming
    30s
  • Q10
    What are the essential items that people cannot live without?
    desires
    wants
    needs
    requirements
    30s

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