refers to the process of creating or improving products or services to meet the needs and desires of customers. It involves researching, designing, and testing products before they are launched into the market.

5 04

Quiz
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Business
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5th Grade
•
Medium
M B
Used 1+ times
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13 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Product development
Churn rate
Market saturation
Thought leadership
Customer retention
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
is the process of building relationships with potential customers (leads) at every stage of the sales funnel. It involves engaging with leads through targeted content, personalized communication, and timely follow-ups to guide them towards making a purchase decision.
Product development
Churn rate
Market saturation
Thought leadership
Lead nurturing
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
refers to the overall market environment in which a company operates, including its competitors, industry trends, and market dynamics. Understanding the competitive landscape is essential for businesses to develop effective strategies and stay ahead of the competition.
competitive landscape
Churn rate
Market saturation
Thought leadership
Customer retention
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
is an individual user who visits a website or digital platform within a specified time period, typically within 24 hours.
competitive landscape
Churn rate
Market saturation
unique visitor
Customer retention
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
refers to the ability of a company to keep its existing customers over time. It is achieved by providing excellent products, services, and customer support to encourage repeat business and loyalty.
Product development
Churn rate
Market saturation
Thought leadership
Customer retention
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
are measurable metrics used to evaluate the success of a business or specific activities within a business. They help companies track progress towards their goals, identify areas for improvement, and make data-driven decisions.
Product development
Churn rate
Key Performance Indicators (KPIs)
Thought leadership
Customer retention
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
involves establishing oneself or one's company as an authority or expert in a particular industry or field. It often involves sharing insights, ideas, and expertise through content such as articles, blogs, or public speaking engagements.
Product development
Churn rate
Market saturation
Thought leadership
Customer retention
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