All Courses
Get the App Signup / Login
Sign in Open App
B Com Exam  >  B Com Tests  >  Test: Product - 1 - B Com MCQ

Test: Product - 1 - B Com MCQ


Test Description

10 Questions MCQ Test - Test: Product - 1

Test: Product - 1 for B Com 2024 is part of B Com preparation. The Test: Product - 1 questions and answers have been prepared according to the B Com exam syllabus.The Test: Product - 1 MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Product - 1 below.
Solutions of Test: Product - 1 questions in English are available as part of our course for B Com & Test: Product - 1 solutions in Hindi for B Com course. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free. Attempt Test: Product - 1 | 10 questions in 10 minutes | Mock test for B Com preparation | Free important questions MCQ to study for B Com Exam | Download free PDF with solutions
Test: Product - 1 - Question 1
Save

What does the term "product concept" emphasize in terms of customer preference?

Detailed Solution for Test: Product - 1 - Question 1
The product concept focuses on providing customers with products of the highest quality, exceptional performance, and innovative features to fulfill their demands and expectations.
Test: Product - 1 - Question 2
Save

Which of the following is an example of a convenience product?

Detailed Solution for Test: Product - 1 - Question 2
Convenience products are purchased frequently without much thought, and a daily newspaper is a typical example.
1 Crore+ students have signed up on EduRev. Have you? Download the App
Test: Product - 1 - Question 3
Save

Specialty products are characterized by:

Detailed Solution for Test: Product - 1 - Question 3
Specialty products have distinct characteristics or brand identity that makes a group of buyers willing to make a special effort to purchase them.
Test: Product - 1 - Question 4
Save
Which type of product is typically purchased with careful consideration of suitability, quality, price, and style?
Detailed Solution for Test: Product - 1 - Question 4
Shopping products involve a higher level of consumer involvement and comparison before purchase.
Test: Product - 1 - Question 5
Save
What is the primary focus of the core product in a product line?
Detailed Solution for Test: Product - 1 - Question 5
The core product emphasizes the fundamental problem-solving benefit that the product offers.
Test: Product - 1 - Question 6
Save
Capital items, such as installations and accessory equipment, are examples of:
Detailed Solution for Test: Product - 1 - Question 6
Capital items aid in the buyer's production or operations and fall under the category of industrial products.
Test: Product - 1 - Question 7
Save
Which factor plays a significant role in determining a company's product mix based on government rules and restrictions?
Detailed Solution for Test: Product - 1 - Question 7
Government regulations and restrictions can directly impact a company's product mix by affecting the legality of certain products.
Test: Product - 1 - Question 8
Save
Why is the consistency of a product mix important?
Detailed Solution for Test: Product - 1 - Question 8
A consistent product mix can help reduce costs of operations and enhance efficiency in a company's offerings.
Test: Product - 1 - Question 9
Save
How does the overall condition of the economy impact a company's product mix?
Detailed Solution for Test: Product - 1 - Question 9
The state of the economy can affect consumer purchasing power and preferences, thereby influencing the demand for certain products in a company's product mix.
Test: Product - 1 - Question 10
Save
Which factor requires a company to adjust its product mix to meet changing consumer preferences?
Detailed Solution for Test: Product - 1 - Question 10
Consumer preferences change over time, leading to fluctuations in demand that necessitate adjustments to the product mix.
Information about Test: Product - 1 Page
In this test you can find the Exam questions for Test: Product - 1 solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Product - 1, EduRev gives you an ample number of Online tests for practice
Download as PDF

Important Questions for Product - 1

Find all the important questions for Product - 1 at EduRev.Get fully prepared for Product - 1 with EduRev's comprehensive question bank and test resources. Our platform offers a diverse range of question papers covering various topics within the Product - 1 syllabus. Whether you need to review specific subjects or assess your overall readiness, EduRev has you covered. The questions are designed to challenge you and help you gain confidence in tackling the actual exam. Maximize your chances of success by utilizing EduRev's extensive collection of Product - 1 resources.

Product - 1 MCQs with Answers

Prepare for the Product - 1 within the B Com exam with comprehensive MCQs and answers at EduRev. Our platform offers a wide range of practice papers, question papers, and mock tests to familiarize you with the exam pattern and syllabus. Access the best books, study materials, and notes curated by toppers to enhance your preparation. Stay updated with the exam date and receive expert preparation tips and paper analysis. Visit EduRev's official website today and access a wealth of videos and coaching resources to excel in your exam.

Online Tests for Product - 1

Practice with a wide array of question papers that follow the exam pattern and syllabus. Our platform offers a user-friendly interface, allowing you to track your progress and identify areas for improvement. Access detailed solutions and explanations for each test to enhance your understanding of concepts. With EduRev's Online Tests, you can build confidence, boost your performance, and ace Product - 1 with ease. Join thousands of successful students who have benefited from our trusted online resources.
© EduRev
Education Revolution
Follow Us
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup