Advertisements
Advertisements
Question
Mention the main features of a product. Explain any two in detail.
Advertisements
Solution
A product means anything tangible that can be offered to a market for attention, acquisition, use or consumption that can satisfy a want or need. It consists of physical objects and tangible attributes such as colour, package, manufacturer's name, retailer's prestige, etc.
Main features:
- Tangibility
- Associated Attributes
- Life Cycle
- Exchange Value
- Need Satisfaction
The features of a product are given below:
- Tangibility: A product is tangible. It has certain physical attributes, such as shape and size, and can be seen, touched, and felt.
- Associated Attributes: Besides physical features, a product has certain attributes that help customers distinguish it from other products. These attributes include package, brand name, warranty, etc.
APPEARS IN
RELATED QUESTIONS
“It is a set-off tangible and physical attributes such as material colour, design, size, weight, etc., assembled in an identifiable form better seller offers to customers for sale.” What is it?
______ are products bought by individuals and organisations for further processing or for use in conducting a business.
The products bought after comparing quality, price, etc of different brands are known as ______.
Which of the follwing is not a feature of service?
What are convenience products?
Give one difference between consumer product and industrial product.
Give one point of difference between mail order shopping and teleshopping.
Define a product.
Mention the main features of a product.
Give two examples of convenience products.
