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Business Product Design and Lifecycle Quiz

Authored by Carlon Gittens

Business

10th Grade

Business Product Design and Lifecycle Quiz
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45 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Explain one benefit to a business from improving the aesthetic element of a product's design mix.

Increases production costs

Enhances product functionality

Attracts more customers

Reduces product lifespan

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Explain one benefit to a business of withdrawing a product when it enters the decline phase of its product life cycle.

Increases inventory costs

Frees up resources for new products

Decreases brand value

Reduces market share

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Explain one drawback to a business from differentiating its product.

Increased production costs

Improved brand loyalty

Higher market share

Enhanced customer satisfaction

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Explain one method a business could use to differentiate its product.

Lowering prices

Improving product quality

Reducing advertising

Decreasing customer service

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Explain one method that a business could use to extend the life cycle of one of its products.

Reducing the price of the product

Increasing production costs

Limiting distribution channels

Decreasing advertising efforts

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main reasons for ASOS's growth according to Chief Executive Nick Beighton?

The ASOS Experience

Low pricing strategy

Celebrity endorsements

Traditional advertising

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What technology has ASOS increased the use of to improve its logistics?

Drone delivery

Warehouse automation

Blockchain

Virtual reality

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