Question

1.Building a successful business often requires long hours.

A. false
B. true

2.The more SKUs you have, the less attention, time and money you will need to spend in tracking and maintaining inventory.
A. true
B. false

3.Fragility means that there are different levels of demand for a product throughout the year.

A. false
B. true

4.It refers to the state of product where it is easily broken or damaged compared to others and must need extra attention.

A. seasonality
B. fragility
C. stock keeping unit
D. customer requirements

5.Seasonal products need extra attention when shipping to ensure they arrive in perfect condition.

A. true
B. false

6.It refers to useful life of a product or time during the product remains usable for its primary function.

A. product life span
B. profitability
C. stock keeping unit
D. fragility
7.Jade’s online shop caters different variations of t-shirts for men and women. She knew that product has ______.

A. seasonality
B. profitability
C. fragility
D. stock keeping unit

8.It means that a product not only gets purchased, but it performs well enough to be recommended to others.

A. seasonality
B. profitability
C. fragility
D. viability

9.Big product means minimal shipping costs.

A. false
B. true

10.Give two strategic questions about product’s viability. Choose from the following options.

A. Would you buy it and use it yourself?
B. Is the product idea practical?
What kind of customers will
C. you be selling the product to?
D. What obstacles or challenges lie ahead for the product?

11.Shipping cost is a top reason for cart abandonment.

A. true
B. false

12.Louisse look for mangoes in the market and found out none. But she saw different fruits like apples and ponkan. And she realized that fruits have________.

A. fragility
B. stock keeping unit
C. profitability
D. seasonality

13.It refers to the amount charged for a product or service.

A. fragility
B. target customer
C. product lifespan
D. price

14.It refers to particular characteristics and specifications of a good or service as determined by a customer.

A. customer requirements
B. fragility
C. seasonality
D. stock keeping unit

15.Andrea bought porcelain and mirror online. She asked the seller to deliver her products safe and no damage. She knew that product has________.

A. seasonality
B. stock keeping unit
C. profitability
D. fragility

16.The size and weight of your product will have an impact on how much you sell.

A. true
B. false

17.It refers to color, size, gender and other variations of a single product.

A. seasonality
B. customer requirements
C. fragility
D. stock keeping unit

18.It refers to specific group of consumers at which a business aims its products and services.

A. target customer
B. profitability
C. product lifespan
D. price

19.It refers to the company’s ability to use it resources to generate revenues in excess of its expenses.

A. profitability
B. product lifespan
C. price
D. target customer​

Answer 1

Answer:

1.true2.false3.true4.false5.true

Answer 2

1. true
2. true
3. false
4. fragility
5. true
6. product life span
7. profitability
8. viability
9. true
10. D. What obstacles or challenges lie ahead for the product?
11. false
12. seasonality
13. price
14. customer requirements
15. fragility
16. true
17. customer requirements
18. target customer
19. profitability