Chapter No 13 :Setting Product Strategies & Designing and Managing Services (30 MCQ`S)

  1. In Planning its market offering, the marketers needs to address ------------------- product levels, and each leves adds more customers value, and consitute a customer value hirarchy.
    1. 4
    2. 5
    3. 3
    4. 6
    5. Show Answer
      Answer: B
      Explanation:
      • N/A
  2. The fundamental level of product level is the -------------------the customer is really buying.
    1. Core Benefit
    2. Basic Product
    3. Expected Product
    4. Augmented Product
    5. Show Answer
      Answer: A
      Explanation:
      • N/A
  3. the second level, the marketers have to trun the core benefit into a ---------------- product.
    1. Core Benefit
    2. Basic Product
    3. Expected Product
    4. Augmented Product
    5. Show Answer
      Answer: B
      Explanation:
      • N/A
  4. The third level, the marketer prepare an ----------------- product, a set of attibutes and conditions buyters nomally expect when they purchae the product.
    1. Core Benefit
    2. Basic Product
    3. Expected Product
    4. Augmented Product
    5. Show Answer
      Answer: C
      Explanation:
      • N/A
  5. At the fourth level of product offering, the marketer prepares a ---------------- product that exceeds customers expectations.
    1. Core Benefit
    2. Basic Product
    3. Expected Product
    4. Augmented Product
    5. Show Answer
      Answer: D
      Explanation:
      • N/A
  6. At the fifth level stands the ------------------- product, which compasses all the possible augmentations and transformations that product or offering might undergo in the future.
    1. Basic Product
    2. Potentional Product
    3. Expected Product
    4. Augmented Product
    5. Show Answer
      Answer: B
      Explanation:
      • N/A
  7. Products are classified into three groups, according to durability and tangibility, ----------------------, is a measure of the product's expected operating life under natural or stressful conditions, is a valued attirbute for certain product.
    1. Durability
    2. conformance quality
    3. reliability
    4. repairability
    5. Show Answer
      Answer: A
      Explanation:
      • N/A
  8. ,---------------------------------- is the degree to which all the produced units are indentical and meet the promised specifications.
    1. Durability
    2. conformance quality
    3. reliability
    4. repairability
    5. Show Answer
      Answer: B
      Explanation:
      • N/A
  9. ------------------------ is a measure of the ease of fixing a product when it malfuntions or fails.
    1. Durability
    2. conformance quality
    3. reliability
    4. repairability
    5. Show Answer
      Answer: D
      Explanation:
      • N/A
  10. ----------------------------- describes the product's look and feel to the buyers.
    1. Durability
    2. conformance quality
    3. reliability
    4. Style
    5. Show Answer
      Answer: D
      Explanation:
      • N/A

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