Mastering Customers and Markets
10 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which term refers to a whole group of buyers for a product and/or services?

  • Entrepreneurship
  • Market sizing
  • Market (correct)
  • Customer journey map

What is the majority of customers' primary consideration when buying a product or availing of a service?

  • Experience
  • Design
  • Price (correct)
  • Functionality

Which factor is NOT mentioned as something customers look for when buying a product or availing of a service?

  • Compatibility
  • Reliability
  • Quality (correct)
  • Convenience

What is market sizing?

<p>The process of determining the size of a market (B)</p> Signup and view all the answers

What should a product's design always be according to the text?

<p>Functional (D)</p> Signup and view all the answers

Which of the following is NOT mentioned as a factor that customers look for when buying a product or availing of a service?

<p>Functionality (C)</p> Signup and view all the answers

What is the primary consideration for the majority of customers when buying a product or availing of a service?

<p>Price (B)</p> Signup and view all the answers

What should products and/or services prioritize in order to attract customers?

<p>Availability (B)</p> Signup and view all the answers

What is market sizing?

<p>The process of determining the size of a market (B)</p> Signup and view all the answers

What does the term 'market' refer to?

<p>A place where manufacturers, distributors, and retailers sell and consumers buy (A)</p> Signup and view all the answers
Use Quizgecko on...
Browser
Browser