The fear that product will not perform up to the expectations is classified as_________?
Correct answer: B. functional risk
- A. physical risk
- B. functional risk
- C. financial risk
- D. social risk
Explanation
Functional risk is the fear that a product will not perform its intended function or meet expected performance standards. Physical risk concerns possible bodily harm, while financial risk concerns loss of money.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Marketing
Marketing covers how organisations identify customer needs, create value and exchange products or services through suitable markets. Key concepts include market segmentation, targeting, positioning, consumer behaviour, the marketing mix of product, price, place and promotion, branding, product life cycle and differences between marketing and selling.
Practise Marketing
1,700 free Marketing MCQs from Management Sciences, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Management Sciences questions like this
Management Sciences is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Marketing questions
The process about how the individual customer come to know about the market offering, is classified as________?
The portion of consumers, who tend to buy more products with lower costs are best classified as________?
When customers evaluate more than one positive dimension separately, it is classified as__________?
The consumers who are sensitive in the matter how other see us is classified in the concept of_________?
The family, friends, coworkers and neighbors are classified as__________?
All the brand's related thoughts, images, experiences and attitudes towards a particular brand is classified as_________?