Reasons for developing new products and services
Authored by Saba Darr
Arts
12th Grade
Used 3+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the meaning of market?
A business that sells similar products or services
People who want to buy a product
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All businesses wants to sell more products and get more customers. What is their goal?
High market share
Low market share
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does competition mean?
A rival business that sells similar products or services
People who are interested in buying a product or service
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Emirates airlines launches FlyDubai with lower prices. What is their reason?
Innovation - new technology
Block competition
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Huda Beauty started in Dubai and now sells makeup around the world in US and UK. What is her reason?
Block competition
Enter new markets
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Google are developing a smart self driving car. What is the reason?
Defend against competition
Innovation - meet the needs of future customers
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Every year Apple develop a new iPhone. What is the reason?
Meet the needs of loyal customers
Enter new markets
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