10 Questions
What is the significance of branding in the market?
Increasing brand awareness
Why is customer support service important for businesses?
To gain customer loyalty
What factor can heavily influence the success or failure of a product?
Pricing strategy
Why is it important for businesses to adjust prices according to market conditions?
To achieve desired profit margins
What can happen if a business sets prices too high or too low?
Loss of customers or financial losses
What is the purpose of packaging in the context of a product?
To provide protection and avoid breakage
How does labeling contribute to a product's success?
By providing all necessary information about the product
What does branding refer to in the context of a product?
Giving a unique brand name to differentiate the product
How do trademarks relate to branding?
Trademarks are unique brand names used for products
Why is having an attractive package important for a product's success?
To avoid breakage and damage during handling and transportation
This activity involves visiting five nearby grocery shops to gather information on different types and grades of wheat, rice, and cereal, along with their prices. The goal is to identify the reasons behind price variations in different grades of grains. Additionally, the importance of packaging and labeling in creating a positive consumer perception is explored.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
