Product Failure Multiple Choice Questions with Answers – PDF Download

MCQ 1: The failure of any product, that can have health risk for user is classified as:

1. financial risk
2. social risk
3. physical risk
4. functional risk

MCQ 2: The product failure that cause opportunity cost of finding other market offering is classified as:

1. time risk
2. cost risk
3. availability risk
4. choice risk

MCQ 3: The failure of product that increases the likelihood of customer's purchasing products with warranty is an example of:

1. anchoring heuristic
2. adjusting heuristic
3. availability heuristic
4. geographical heuristic

MCQ 4: The type of product failure can cause any embarrassment in front of family and friends is classified as:

1. social risk
2. attitude risk
3. psychological risk
4. physiological risk

MCQ 5: The customers who are less averse tend to overweight the product failure with:

1. high probabilities
2. low probabilities
3. integrate probabilities
4. segregate probabilities