5 Questions
Which of the following is an example of an intangible product?
An insurance policy
What is the core product of a car, according to the text?
Convenience and speed
Which of the following is classified as an intangible product?
Real estate services
In product anatomy, what is the actual product?
The tangible, physical product
What is an example of an idea, based on the text?
The invention of a light bulb
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.
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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