Podcast
Questions and Answers
Which type of product is characterized as having a basic physical appearance and precise specifications?
Which type of product is characterized as having a basic physical appearance and precise specifications?
- Augmented product
- Durable goods
- Tangible product (correct)
- Generic product
What category does car insurance fall into?
What category does car insurance fall into?
- Goods
- Services (correct)
- Tangible products
- Durable goods
Which type of goods are used over a long period of time?
Which type of goods are used over a long period of time?
- Augmented goods
- Non-durable goods
- Services
- Durable goods (correct)
What do non-durable goods have in common?
What do non-durable goods have in common?
Which of the following best describes rented-goods services?
Which of the following best describes rented-goods services?
What type of product emphasizes the impact on the consumer rather than the seller?
What type of product emphasizes the impact on the consumer rather than the seller?
What factor should entrepreneurs consider when deciding to offer fragile products?
What factor should entrepreneurs consider when deciding to offer fragile products?
What does the text suggest is a benefit of having a consumable or disposable product?
What does the text suggest is a benefit of having a consumable or disposable product?
What impact does fragility have on the costs associated with offering a certain product?
What impact does fragility have on the costs associated with offering a certain product?
In terms of SKUs, what does 'SKU' typically refer to?
In terms of SKUs, what does 'SKU' typically refer to?
What is one advantage of durable products in terms of shipping and customer service?
What is one advantage of durable products in terms of shipping and customer service?
How can having multiple SKUs impact an entrepreneur's business?
How can having multiple SKUs impact an entrepreneur's business?
What distinguishes Convenience Products from Shopping Products?
What distinguishes Convenience Products from Shopping Products?
Which category of Consumer Products involves items with particular brands and stores that consumers are loyal to?
Which category of Consumer Products involves items with particular brands and stores that consumers are loyal to?
What is the primary characteristic of Durable Goods?
What is the primary characteristic of Durable Goods?
What is the main difference between Owned-Goods Services and Non-Goods Services?
What is the main difference between Owned-Goods Services and Non-Goods Services?
In a Product Viability Analysis, what factor should be considered regarding the size and weight of a product?
In a Product Viability Analysis, what factor should be considered regarding the size and weight of a product?
What makes Specialty Products unique compared to Convenience and Shopping Products?
What makes Specialty Products unique compared to Convenience and Shopping Products?
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