product

Question 1

quality control

Answer 1

process used to ensure that products or services meet specified quality standards.

Question 2

product range enhancement

Answer 2

process of expanding the features of a product to better meet customers needs and increase market share.

Question 3

guarantees

Answer 3

assurances made by a seller or manufacturer to the buyer regarding the quality of a product or service

Question 4

life cycle

Answer 4

concept used to describe the stages of a product

Question 5

consumer durables

Answer 5

products that are expected to have a relatively long useful life after purchase

Question 6

research and development

Answer 6

process of investigating and experimenting to develop new products or improve existing ones

Question 7

inventory

Answer 7

stock of goods or materials that a business holds for the purpose of a production, sale, or future use

Question 8

USP

Answer 8

Unique Selling Proposition, which refers to the distinctive features that sets a product apart from competitors in the marketplace

Question 9

packaging

Answer 9

process of producing materials used to enclose and present products for storage, transportation, sale and use

Question 10

shelf life

Answer 10

length of time that a product can be stored while maintaining its quality and safety

Question 11

generics

Answer 11

products that contain the same active ingredients as brand-name products, but are typically sold under other names rather than a brand name, and they’re usually cheaper

Question 12

acessories

Answer 12

supplementary items that complement the functionality or appearance of a primary product

Question 13

repairs and support

Answer 13

assistance provided by manufacturers and retailers to adress issues or damage to products after purchase