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AIPMM - CPM PRACTICE EXAM NEWEST 2025
QUESTIONS WITH 100% CORRECT VERIFIED
ANSWERS/ GRADED A+
What are the 3 special lifecyles? - Correct Answer - Styles Fad Fashion
What are the three aspects of the whole product? - Correct Answer - Core Actual Product Augmented
It is tangible or intangible. - Correct Answer - Product definition
It is type of product that the end user consume - Correct Answer - Consumer
Type of product that is purchased frequently - Correct Answer - Convenience
Type of product that is purchased less frequently and requires the comparison shopping - Correct Answer - Shopping
Type of product that high priced and focused on brand differentiation/identification - Correct Answer - Specialty 1 / 3
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type of product that consumers dont want to think about - Correct Answer - Unsought
type of product that is used for processing products/raw materials - Correct Answer - Industrial Products
Three types of industrial products - Correct Answer - Materials and parts Capital items Supplies and services
It is a product that is considered intangible - Correct Answer - Service
It is a group of closely related products that shares the similar attributes and target markets - Correct Answer - Product line
Describe product decision where you are filling in the product line - Correct Answer - Create products beyond the current range of products
Describe product decision where you are stretching in the product line - Correct Answer - Create products beyond the within range of products
Examples of product line extension - Correct Answer - Hidden Valley and Farm House BMW
What are the 4 parameters involved in Product Mix decisions? - Correct Answer - width, length, depth, consistency 2 / 3
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What are the 3 types of organizing roadmaps? - Correct Answer - Themes Golden Features Timed Releases
First step in the ideation process - Correct Answer - Generate ideas
Pricing objectives - Correct Answer - Sales Oriented Profit Oriented Status Quo
Standard concepts. It is a guide to seek additional process. First published in 2013 - Correct Answer - ProdBOK
Activity using knowledge over time resulting into deliverables - Correct Answer - Process
Knowledge Areas - Correct Answer - Business Market Customers Organization Product
Process of bringing new product to the market through product development or acquisition - Correct Answer - New Product Development/Acquisition
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