Advertisements
Advertisements
Question
Mention the main features of a product.
Advertisements
Solution
- Physical Configuration: A product is made of physical stuff such as shape, size, etc. It can be seen, touched and felt.
- Associated Attributes: A product also consists of associated attributes that distinguish it from other products. These include size design, package design, branding, warranty, trade mark, etc.
- Satisfaction of Want or Need: A product satisfies a customer's want or need. For example, a car offers the benefit of transportation, and a pair of shoes provides protection for our feet.
- Life cycle: Every product has to pass through a life cycle which consists of introduction, growth, maturity and decline.
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?
These products are used for further production of goods and services.
The asset which can only be perceived indirectly such as an insurance policy is called ______.
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.
Mention the main features of a product. Explain any two in detail.
Give one point of difference between mail order shopping and teleshopping.
Define a product.
