Quiz no. 1 HELE 5

Knowing and understanding the features of your product will give you the opportunity to become aware of their benefits.

• True

• False

Size, color, materials, and chemical content are the features are of product.

• True

• False

One of the necessary strategies as future in entrepreneur is create more than one product and develop a product line.

• True

• False

In product industries, you cannot manufacture your own product for the mass market.

• False

• True

Repair and maintenance shops, printing and machine shops, and beauty parlors are examples of product industries.

• False

• True

Buyers that make purchases without definite plans or decisions.

• Impulsive Consumers

• Need-Based Consumers or Seasonal Consumers

• Loyal Consumers

• Discount Consumers

Buyers give support or loyalty to a company once they receive or have a good experience with that company.

• Impulsive Consumers

• Need-Based Consumers or Seasonal Consumers

• Loyal Consumers

• Discount Consumers

Buyers that only make when there is reason, purpose and/or problem to solve.

• Impulsive Consumers

• Need-Based Consumers or Seasonal Consumers

• Loyal Consumers

• Discount Consumers

Buyers that always look or hunt for a discounts, sales, and promotions (promos) because this is when they make a purchase.

• Impulsive Consumers

• Need-Based Consumers or Seasonal Consumers

• Loyal Consumers

• Discount Consumers

Result of different materials made, grown processed, and innovated into something sold or used.

• Products

• Services