Product Development Stages in Business Analysis
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Questions and Answers

In the context of the business analysis process, which product level would a new software application be considered?

  • Actual product level (correct)
  • Augmented product level
  • Potential product level
  • Core product level
  • Which of the following is NOT a benefit of branding?

  • Brands help shoppers to identify their preferred product
  • Branding is essential for a consumer in the shopping process
  • Brands signal quality
  • Brands increase the effort in making a purchase (correct)
  • Which of the following is an example of cobranding?

  • Nike x Apple Watch (correct)
  • Nike Air Jordan
  • Apple MacBook Pro
  • Apple iPhone
  • Which type of brand is created by a retailer or wholesaler?

    <p>Distributor brand</p> Signup and view all the answers

    What is a brand extension?

    <p>A way of capitalizing on the recognition, goodwill, and positive associations of an established brand</p> Signup and view all the answers

    In the context of the business analysis process, what product level would a university degree course be considered?

    <p>Augmented product level</p> Signup and view all the answers

    Which product level in the business analysis process focuses on a series of related products offered by a firm?

    <p>Product Line</p> Signup and view all the answers

    Which type of brand is created when two companies collaborate to develop a product or service?

    <p>Cobrand</p> Signup and view all the answers

    Which brand extension strategy involves introducing a new product under an existing brand name in a different product category?

    <p>Category Extension</p> Signup and view all the answers

    Which brand type represents a company's overall image, reputation, and identity in the market?

    <p>Corporate Brand</p> Signup and view all the answers

    Which factor determines the number of product lines that a firm can successfully manage?

    <p>Product Mix Length</p> Signup and view all the answers

    Which stage of the Product Life Cycle is characterized by a decline in sales and profits despite heavy marketing efforts?

    <p>Decline</p> Signup and view all the answers

    What is the key characteristic of unique consumer products compared to other products?

    <p>They offer much more differentiation between brands</p> Signup and view all the answers

    In the context of product levels, what does the core product refer to?

    <p>The most fundamental value of the product</p> Signup and view all the answers

    Which type of product is characterized by consumers being unaware of or having little interest in buying it?

    <p>Unsought product</p> Signup and view all the answers

    What differentiates an augmented product from an expected product?

    <p>Augmented products exceed basic product expectations with added features</p> Signup and view all the answers

    What is the primary reason consumers would purchase a core product?

    <p>If they perceive a real benefit from using it</p> Signup and view all the answers

    What aspect of a unique consumer product must be clearly observable for it to retain its exclusivity?

    <p>Differentiation between brands</p> Signup and view all the answers

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