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TLE 10 OL QZ

Authored by Dennis Garcellano

Life Skills

6th - 8th Grade

10 Questions

Used 1+ times

TLE 10 OL QZ
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a step in the six stages of product development?

Business Analysis
Commercialization
Product Destruction
Idea Generation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key benefit of having a Unique Selling Proposition (USP) in marketing?

It eliminates the need for market research
It reduces production costs significantly
It helps differentiate your product from competitors
It guarantees sales success

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a criterion for selecting a business idea?

Number of competitors only
Color of the product packaging
Ignoring customer needs
Availability of suppliers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should a marketable product satisfy?

Legal requirements
Company objectives and image
Environmental standards
All of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of creating a new market segment?

Selling a product only to existing customers
Introducing a product for a previously untapped customer group
Increasing the price of a product
Copying a competitor’s product

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the best source for generating new product ideas?

Only company executives
Researchers, consumers, and competitors
Random guessing
Ignoring customer feedback

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of creativity in product development?

To foster innovation and differentiation
To increase product cost
To copy existing products
To reduce product quality

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