
Key Term Definitions - LO3
Quiz
•
Business
•
8th - 11th Grade
•
Practice Problem
•
Easy
M Nicholls
Used 7+ times
FREE Resource
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8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define what is meant by 'product life cycle'
Actions a business can take to extend the life of a product and increase sales.
When a business makes use of eye-catching advertisements or sales promotions to encourage customers to buy a product or service.
The key feature that makes product or service different to others in the market.
Traces the journey of a product from its development and launch to its removal from sale to the public.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define what is meant by 'extension strategies'
Actions a business can take to extend the life of a product and increase sales.
When a business makes use of eye-catching advertisements or sales promotions to encourage customers to buy a product or service.
The key feature that makes product or service different to others in the market.
Traces the journey of a product from its development and launch to its removal from sale to the public.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define what is meant by 'attracting new customers'
Actions a business can take to extend the life of a product and increase sales.
When a business makes use of eye-catching advertisements or sales promotions to encourage customers to buy a product or service.
The key feature that makes product or service different to others in the market.
Traces the journey of a product from its development and launch to its removal from sale to the public.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define the term 'unique selling point'
Actions a business can take to extend the life of a product and increase sales.
When a business makes use of eye-catching advertisements or sales promotions to encourage customers to buy a product or service.
The key feature that makes product or service different to others in the market.
Traces the journey of a product from its development and launch to its removal from sale to the public.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define the term 'function'
The job which the product or service
is designed to do.
How a product looks or feels.
Provides legal ownership of new inventions and prevents these from being used or produced by others.
Provides and protects ownership of original creative and intellectual work , such as music and books.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define the term 'aesthetics'
The job which the product or service
is designed to do.
How a product looks or feels.
Provides legal ownership of new inventions and prevents these from being used or produced by others.
Provides and protects ownership of original creative and intellectual work , such as music and books.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Define the term 'patent'
The job which the product or service
is designed to do.
How a product looks or feels.
Provides legal ownership of new inventions and prevents these from being used or produced by others.
Provides and protects ownership of original creative and intellectual work , such as music and books.
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