Classification Of Products Quiz

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| By IBMS10

IBMS10

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Quizzes Created: 1 | Total Attempts: 845

Questions: 10 | Attempts: 845 | Updated: Aug 21, 2023

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Below is an amazing classification of products quiz for you. Businesses thrive by being able to produce products that customers need depending on the market they operate in, and finding the right product is a very important thing to any business. Take up this quiz and get to see the different products businesses produce in the markets today and how they are classified. Wish you all the best with this quiz.

Questions and Answers

1.

Which of the following describes the definition of a core product?
- A.
  
  The main reason for existence & purchase, mostly functional or psychological reasons
- B.
  
  Design specification & product features
- C.
  
  Add-on extra's, not a part of the original product
- D.
  
  None of these
Correct Answer
A. The main reason for existence & purchase, mostly functional or psychological reasons

Explanation
A core product refers to the main reason why a product exists and why customers purchase it. This can be attributed to both functional reasons, such as meeting a specific need or solving a problem, as well as psychological reasons, such as fulfilling desires or providing emotional satisfaction. The core product is the fundamental value that customers derive from the product, beyond its design specifications or features. It does not include any add-on extras that may be offered separately.

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1
0
2.

Which of these is a tangible product?
- A.
  
  Car
- B.
  
  Conveyer belt
- C.
  
  Both A & B
- D.
  
  None of these
Correct Answer
C. Both A & B

Explanation
Both a car and a conveyor belt are tangible products because they can be physically touched and perceived by the senses. A car is a tangible product as it is a physical object that can be driven and used for transportation. Similarly, a conveyor belt is also a tangible product as it is a physical mechanism used for moving goods or materials from one place to another. Therefore, both options A and B are correct as they represent tangible products.

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3.

Which of the following describes the parts of an augmented product?
- A.
  
  Parts of the product which are new ways of differentiating itself in the market are part of the augmented product.
- B.
  
  Types of branding & packaging are considered to belong to the augmented product.
- C.
  
  Both A & B
- D.
  
  Things that differ per retailer are add-on extra & not a part of the original product is considered part of the augmented product.
Correct Answer
D. Things that differ per retailer are add-on extra & not a part of the original product is considered part of the augmented product.

Explanation
The correct answer is that things that differ per retailer are add-on extra and not a part of the original product, which is considered part of the augmented product. This means that when a product is customized or tailored to meet the specific requirements or preferences of a particular retailer, it is considered an add-on extra to the original product. This customization adds value to the product and helps differentiate it in the market, making it part of the augmented product.

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4.

Toothbrush: augmented product:
- A.
  
  Design, colors, different brushes
- B.
  
  Cleaning your teeth
- C.
  
  Guarantee (after-sale service)
- D.
  
  None of these
Correct Answer
C. Guarantee (after-sale service)

Explanation
The correct answer is "Guarantee (after-sale service)" because the augmented product refers to the additional services or benefits that accompany the core product. In the case of a toothbrush, the design, colors, and different brushes are part of the core product, while the guarantee or after-sale service is an added benefit that enhances the overall value of the toothbrush.

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5.

Which of these is an intangible product?
- A.
  
  Shoes
- B.
  
  Education
- C.
  
  Mobile
- D.
  
  Water
Correct Answer
B. Education

Explanation
Education is considered an intangible product because it cannot be physically touched or seen. It refers to the process of acquiring knowledge, skills, and values through various methods such as teaching, training, or research. Unlike shoes, mobiles, or water, which are tangible products that can be perceived by the senses, education is a service or experience that exists in the form of ideas, information, and learning opportunities. It is not a physical object that can be bought or sold, but rather a concept that contributes to personal and societal development.

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6.

Which of these is a tangible product?
- A.
  
  Book
- B.
  
  E-book
- C.
  
  Insurance
- D.
  
  None of these
Correct Answer
A. Book

Explanation
A tangible product refers to something that can be physically touched or felt. In this case, a book is a tangible product as it is a physical object that can be held and read. On the other hand, an e-book is a digital version of a book that can be read on electronic devices, making it intangible. Insurance, on the other hand, is a service rather than a physical product, so it is not a tangible product. Therefore, the correct answer is book.

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7.

Which of the following describes the definition of a potential product?
- A.
  
  Acknowledges the dynamic & strategic nature of the product and what the product could or should be.
- B.
  
  Product features & design specification.
- C.
  
  Add-on extra's
- D.
  
  None of these
Correct Answer
A. Acknowledges the dynamic & strategic nature of the product and what the product could or should be.

Explanation
A potential product refers to the concept or idea of a product that is still in development or has not been fully realized. It acknowledges the dynamic and strategic nature of the product, considering what it could or should be in terms of its features, design, and overall potential. This definition emphasizes the forward-thinking and visionary aspect of product development, rather than focusing on specific features or add-ons that may be included.

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8.

Which of the following describes the definition of a tangible product?
- A.
  
  Add-on extra's, not a part of the original product
- B.
  
  Design specification, product features, branding, and packaging.
- C.
  
  The main reasons for existence & purchase are mostly functional or psychological reasons.
- D.
  
  None of these
Correct Answer
B. Design specification, product features, branding, and packaging.

Explanation
The correct answer describes the definition of a tangible product as including design specification, product features, branding, and packaging. This means that a tangible product is a physical item that has specific characteristics, is designed a certain way, includes branding elements, and is packaged in a particular manner. It does not include add-on extras or the main reasons for existence and purchase.

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9.

Which of these is an intangible product?
- A.
  
  Toothbrush
- B.
  
  Water bottle
- C.
  
  Food
- D.
  
  None of these
Correct Answer
D. None of these

Explanation
An intangible product refers to something that cannot be physically touched or perceived with the senses. The options given, including toothbrush, water bottle, and food, are all tangible products that can be physically touched and perceived. Therefore, none of these options can be considered as an intangible product.

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10.

Sunglasses: tangible product:
- A.
  
  Eye protection, better view
- B.
  
  Next model, innovations
- C.
  
  Design, colors, brands
- D.
  
  Brand and warranty
Correct Answer
C. Design, colors, brands

Explanation
The correct answer is "Design, colors, brands". This answer suggests that sunglasses as a tangible product are differentiated based on their design, colors, and brands. These factors play a crucial role in attracting customers and influencing their purchase decisions. Different designs and colors cater to different fashion preferences, while brands often represent a certain level of quality or prestige. Therefore, these elements are important considerations for consumers when choosing sunglasses.

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Current Version
Aug 21, 2023

Quiz Edited by
ProProfs Editorial Team
Jun 24, 2010

Quiz Created by
IBMS10

Classification Of Products Quiz

Which of the following describes the definition of a core product?

Which of these is a tangible product?

Which of the following describes the parts of an augmented product?

Toothbrush: augmented product:

Which of these is an intangible product?

Which of these is a tangible product?

Which of the following describes the definition of a potential product?

Which of the following describes the definition of a tangible product?

Which of these is an intangible product?

Sunglasses: tangible product: