What are the 4 parts of product research?

manufacturing needs, required materials, where to acquire materials, cost of materials

quality standards [1]

establish the product quality testing method

manufacturing needs, required materials, where to acquire materials, cost of materials

quality standards [2]

refine & improve quality methods and measures as needed

establish the product quality testing method

quality standards [3]

refine & improve quality methods and measures as needed

quality standards [4]

review the internal quality testing results

What are the 2 main types of distribution channels?

review the internal quality testing results

This is an example of a fulfillment center

buying something online then choose the in store pickup option

This is an example of a distribution center

buying something online then choose the in store pickup option

Name the 4 P's (marketing Mix)

Price, product, place, promotion

Types of Businesses [retailers]

buys products from wholesalers then sells to consumers

Price, product, place, promotion

Types of Businesses [wholesale]

buys from manufactures then sells to retailers

buys products from wholesalers then sells to consumers

Types of Businesses [manufacturers]

buys from manufactures then sells to retailers

Types of Businesses [agents]

individuals or companies that act as an extension of the manufacturing company. Their main job is to represent the producer to the final user in selling a product

Types of Businesses [intermediaries]

individuals or companies that act as an extension of the manufacturing company. Their main job is to represent the producer to the final user in selling a product

Study for ESB Domain 3

Authored by Laura Jennings

Business, Life Skills, Computers

9th - 12th Grade

Used 15+ times

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

Content View
Student View

39 questions

Show all answers

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Put the Phases of the Product/Market Fit Hypothesis in order [1. idea state]

We develop an idea (conceptualize) for a product or service.

middlemen in the indirect distribution channel (wholesalers, retailers, agents, and brokers)

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Put the Phases of the Product/Market Fit Hypothesis in order [2. Prototype phase]

Identify how your product or service solves customers problems. You will create a MVP product.

We develop an idea (conceptualize) for a product or service.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Put the Phases of the Product/Market Fit Hypothesis in order [3. launch stage]

Company is legally formed and sales start to occur. Your company will create a value hypothesis to articulate why customers should use your product.

Identify how your product or service solves customers problems. You will create a MVP product.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Put the Phases of the Product/Market Fit Hypothesis in order [4. traction]

Sales gain momentum. Growth begins. This is the MONETIZATION phase

Company is legally formed and sales start to occur. Your company will create a value hypothesis to articulate why customers should use your product.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Put the Phases of the Product/Market Fit Hypothesis in order [5. customer development]

Analyze customer feedback. Change markets. Explore new product lines.

Sales gain momentum. Growth begins. This is the MONETIZATION phase

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Put the Phases of the Product/Market Fit Hypothesis in order [6. growth]

Continue to refine and evaluate your product market fit.

Analyze customer feedback. Change markets. Explore new product lines.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

when do you know that you have reached Product/Market Fit? Choose 2

when customers tell others to buy your product/ service, sales volume is high and continues to grow

Continue to refine and evaluate your product market fit.

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Continue with Google

Continue with Email

Continue with Microsoft

or continue with

Facebook

Apple

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?

Similar Resources on Wayground

40 questions

MYOB Asyiik

Quiz

•

11th Grade

40 questions

Animal Skeletal System Review

Quiz

•

10th - 12th Grade

38 questions

Quiz

•

8th - 10th Grade

35 questions

Administrasi Sistem Jaringan 2022/2023

Quiz

•

9th - 12th Grade

42 questions

KTCK 2, Tin 11

Quiz

•

11th Grade

35 questions

Quis Aplikasi Scratch

Quiz

•

9th Grade

40 questions

All About Computers

Quiz

•

9th - 12th Grade

44 questions

OCR J275 - Networks Part A

Quiz

•

8th - 11th Grade

Popular Resources on Wayground

21 questions

Continents and Oceans

Quiz

•

6th Grade

20 questions

Parts of Speech

Quiz

•

5th Grade

16 questions

Subject & Predicate

Quiz

•

5th Grade

25 questions

Multiplication Facts

Quiz

•

5th Grade

12 questions

Map Skills

Quiz

•

3rd Grade

22 questions

Continents and Oceans

Quiz

•

5th Grade

15 questions

Rounding Decimals

Quiz

•

5th Grade

20 questions

Brand Labels

Quiz

•

5th - 12th Grade

Discover more resources for Business

10 questions

Understanding Stock Market Investing

Interactive video

•

9th - 12th Grade

13 questions

BizInnovator Startup - Experience and Overview

Quiz

•

9th - 12th Grade

14 questions

ADM Market Segmentation

Presentation

•

11th Grade

10 questions

BizInnovator Startup - What's Your Problem

Quiz

•

9th - 12th Grade

20 questions

segmentation and target market

Quiz

•

9th - 12th Grade