Product Meaning and Importance Quiz

It loses its value.

It becomes a tangible entity.

It gets consumed after purchase.

It remains mere raw material or an intermediate. (correct)

Something that transforms into raw material.

Anything that can be offered to satisfy a need or a want. (correct)

A physical tangible item only.

Something that loses value once bought.

Colour and price only.

Services and packaging along with other attributes. (correct)

Nothing beyond the physical form.

Tangible elements exclusively.

<p>Both tangible and psychological attributes of the product.</p> Signup and view all the answers

<p>Benefits that cannot be seen or touched but are valuable.</p> Signup and view all the answers

<p>Consumers buy products to meet their needs.</p> Signup and view all the answers