24.5	Responding to opportunities in the market

24.5 Responding to opportunities in the market

8th Grade

8 Qs

quiz-placeholder

Similar activities

J819 LO3.1 Product Lifecycle

J819 LO3.1 Product Lifecycle

10th Grade

11 Qs

Análise de Indicadores - Parte 2

Análise de Indicadores - Parte 2

University

11 Qs

MARKET RESEARCH

MARKET RESEARCH

9th Grade

12 Qs

Business and Entrepre-What? 1st A 04092020

Business and Entrepre-What? 1st A 04092020

10th Grade

10 Qs

AE 12 Quiz 2

AE 12 Quiz 2

University

10 Qs

TMV biz

TMV biz

University

10 Qs

Economics and Banking

Economics and Banking

12th Grade

10 Qs

U2AOS3DP1 -  Staff Performance and Business Objectives

U2AOS3DP1 - Staff Performance and Business Objectives

11th Grade

10 Qs

24.5	Responding to opportunities in the market

24.5 Responding to opportunities in the market

Assessment

Quiz

Business

8th Grade

Practice Problem

Easy

Created by

Shaifrizman Bin Maktar

Used 1+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in new product development?

Launch product

Market testing

Brainstorming ideas

Advertising

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does prototype development involve?

Selling the final product

Creating an early version

Building a store

Writing a report

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is market testing important?

It lowers product cost

It helps judge product quality and demand

It increases confusion

It ends the process

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can a business respond to market change?

Stay the same

Change how it delivers products

Ignore customers

Offer fewer choices

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one modern way of delivering products?

Sending by pigeons

Offering drone or online delivery

Mailing letters

Store-only sales

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is crowdsourced delivery?

Using drones

Deliveries by staff only

Delivery using networks of people

Delivery using buses

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key reason for businesses to respond to market opportunities?

Reduce profits

Increase customer complaints

Meet customer needs

Avoid selling

8.

REORDER QUESTION

1 min • 1 pt

Order the process for new product development

Beta and market testing

Design and Create a prototype/mock-up

Product launch

Plan for technical needs

Idea for new product

Discover more resources for Business