Product MCQ

What does the term "product" refer to?

• A service or idea that satisfies customer needs or wants.

• A tangible item, service, or idea that satisfies customer needs or wants.

• A tangible item only that does not satisfies customer needs or wants.

• A service only that satisfies customer needs or wants.

Which of the following is an example of a consumer product?

• Larsen & Toubro's machinery.

• Ola's ride-hailing service.

• Tata Motors' commercial vehicles

• Dove shampoo by Hindustan Unilever Limited.

The augmented product includes:

• The tangible features and branding of a product.

• The fundamental benefit of a product.

• Additional services, warranties, or value-added features beyond the core and actual product

• The intangible benefits of a product.

What represents the fundamental benefit or problem-solving function that a product provides?

• Augmented product.

• Core product.

• Actual product

• Product strategy.

Which industry provides software development services, IT consulting, and enterprise solutions to businesses worldwide?

• FMCG Industry.

• Automotive Industry.

• Telecom and Communication Industry.

• Software and Technology Industry.

Which level of product refers to tangible features, design, packaging, and branding that customers can physically see and experience?

• Core product.

• Augmented product

• Product strategy

• Actual product.

Which of the following is an example of an industrial product?

• Cadbury chocolates.

• Kwality Wall's ice cream.

• Tata Prima commercial vehicle.

• Ola's ride-hailing service.

What does product strategy involve?

• Launching new flavors for consumer products.

• Decisions and actions to meet customer needs and achieve business objectives.

• Offering mobile connectivity and internet services.

• Providing software development services to businesses.

Which industry includes companies like Maruti Suzuki and Hero MotoCorp, offering different types of vehicles to Indian consumers?

• Automotive Industry.

• Banking and Financial Services.

• Software and Technology Industry.

• FMCG Industry.

The intangible offerings that provide value to customers are known as:

• Consumer products.

• Industrial products.

• Perishable goods

• Augmented products.