Fundamental Concepts of Product Management Quiz
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Questions and Answers

Which of the following is an example of an intangible product?

  • A gadget
  • A building
  • A vehicle
  • An insurance policy (correct)
  • What is the core product of a car, according to the text?

  • Convenience and speed (correct)
  • Durability and reliability
  • Fuel efficiency and performance
  • Design and color
  • Which of the following is classified as an intangible product?

  • Online travel agency booking
  • Real estate services (correct)
  • Child day care
  • Martial arts lessons
  • In product anatomy, what is the actual product?

    <p>The tangible, physical product</p> Signup and view all the answers

    What is an example of an idea, based on the text?

    <p>The invention of a light bulb</p> Signup and view all the answers

    Study Notes

    Product Types

    • An example of an intangible product is an idea.
    • A car's core product is its design, features, and functionality.
    • Intangible products are classified as services, experiences, and ideas.

    Product Anatomy

    • The actual product refers to the tangible aspects of a product, such as its physical features and design.

    Core Product

    • The core product of a car is its design, features, and functionality.

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    Description

    Test your knowledge of product management with this quiz on the fundamental concept of products. Learn about tangible and intangible products, and their role in satisfying customer needs in the market.

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