5 Questions
What is the definition of a product in marketing?
A product is any good, service, or idea that can be offered to a market to satisfy a want or need of the consumer, profitably.
What is the origin of the word 'product'?
The word 'product' stems from the verb 'produce', from the Latin prōdūce '(to) lead or bring forth'.
What are products called in retail?
In retail, products are called merchandise.
What are commodities?
Commodities are usually raw materials such as metals and agricultural products, but the term can also refer to anything widely available in the open market.
What are project management products?
In project management, products are the formal definition of the project deliverables that form the objectives of the project.
Test your knowledge on product and brand management with this quiz! Learn about the definition of a product, its various forms, and how it satisfies consumer needs. Perfect for students or professionals in marketing and business.
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