Product (Leaving Cert Business): Quizzes

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Product
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What does the term 'product' refer to in business?

Any good or service meeting customer needs

What is a unique selling point (USP)?

A feature making it different from rivals

Which design element ensures materials are ethically sourced with minimal environmental impact?

Materials and manufacturing

What legal protection is specifically for logos that distinguish products from competitors?

Trademarks

What does branding involve?

Creating a distinct product identity

Which benefit allows well-established brands to charge higher prices?

Premium pricing

What are own-label brands?

Products by retailers under their name

How many stages are in the product life cycle?

Five stages

Which stage features slow sales growth and high spending on advertising?

Introduction stage

Which strategy extends product life through enhanced versions and updated features?

Product improvements

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