BUS203: Certificate Final Exam Questions And Answers Latest Update With Correct Answers 2025/2026
Grade A+
Back to 'Certificate Final Exam\'
Started on Friday, July 21, 2025, 8:32 AM
State Finished
Completed on Friday, July 21, 2025, 9:10 AM
Time taken 37 mins 52 secs
Points 48.00/54.00
Grade 8.89 out of 10.00 (88.89%)
Question
Correct
Mark 1.00 out of 1.00
The feature specifications process begins with a strong understanding of which of the following?
a. What risks are involved
b. What consumers want and need
c. What opportunity costs are entailed
d. Potential cost of production
1/29
,Which of the following risks refers to the possibility that the company will fail to earn the appropriate return on the money and effort
it puts into the new product?
a. Financial risk
b. Innovation risk
c. Investment risk
d. Opportunity risk
Which of the following is bringing offerings to the consumer in a way that optimizes value?
a. Communicating
b. Creating
c. Delivering
d. Exchanging
2/29
, What kind of approach to business suggests that the best way to compete is through product innovation and production cost
reduction?
a. Market-oriented
b. Product-oriented
c. Selling-oriented
d. Customer-oriented
Which of the following is a banner on a website an example of?
a. Publicity
b. Advertising
c. Promotions
d. Marketing
3/29
Grade A+
Back to 'Certificate Final Exam\'
Started on Friday, July 21, 2025, 8:32 AM
State Finished
Completed on Friday, July 21, 2025, 9:10 AM
Time taken 37 mins 52 secs
Points 48.00/54.00
Grade 8.89 out of 10.00 (88.89%)
Question
Correct
Mark 1.00 out of 1.00
The feature specifications process begins with a strong understanding of which of the following?
a. What risks are involved
b. What consumers want and need
c. What opportunity costs are entailed
d. Potential cost of production
1/29
,Which of the following risks refers to the possibility that the company will fail to earn the appropriate return on the money and effort
it puts into the new product?
a. Financial risk
b. Innovation risk
c. Investment risk
d. Opportunity risk
Which of the following is bringing offerings to the consumer in a way that optimizes value?
a. Communicating
b. Creating
c. Delivering
d. Exchanging
2/29
, What kind of approach to business suggests that the best way to compete is through product innovation and production cost
reduction?
a. Market-oriented
b. Product-oriented
c. Selling-oriented
d. Customer-oriented
Which of the following is a banner on a website an example of?
a. Publicity
b. Advertising
c. Promotions
d. Marketing
3/29
