Product Knowledge Quiz

What is a product?

• A service provided by a company

• An item that can be offered for sale

• A type of advertisement

• A method of production

Which of the following is an example of a non-durable good?

• A refrigerator

• A car

• A bottle of water

• A television

What does it mean for a product to be durable?

• It can be used multiple times over a long period

• It is made of metal

• It is expensive

• It is lightweight

Which of the following is an intangible product?

• A book

• A software application

• A chair

• A bicycle

Products can be either tangible or what?

• Visible

• Intangible

• Expensive

• Durable

Which type of goods last a long time?

• Non-durable goods

• Consumable goods

• Durable goods

• Perishable goods

How long do non-durable goods typically last?

• A long time

• A short period of time

• Forever

• Several years

Is an iPhone a durable or non-durable good?

• Durable

• Non-durable

• Intangible

• Consumable

What is an example of a tangible product?

• A mobile app

• A concert ticket

• A laptop

• Cloud storage

Which of the following is considered a service?

• Online streaming subscription

• A pair of shoes

• A bottle of shampoo

• A pack of batteries