The Product Development Policy (Grade 11 NSC Matric Business Studies): Quizzes

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The Product Development Policy
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Which element of the marketing mix does the product policy represent?

The first and most crucial element

What characterises convenience goods?

Everyday items bought without much thought

Which of these is an example of unsought goods?

Fire extinguishers

What are industrial goods specifically designed for?

Use in manufacturing processes

What happens to businesses that fail to innovate and develop new products?

Risk becoming obsolete

What is the first step in the product design process?

Generate a new idea

What happens during the commercialisation stage?

Official launch with marketing campaigns

What is a primary purpose of product packaging?

Protect from damage and contamination

What defines double use packaging?

Can be reused for other purposes

How do trademarks benefit customers?

Create confidence in product quality

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