What is an augmented product?

Prepare for the CIMA Managing Finance in a Digital World (E1) Exam. Use multiple choice questions and study aids to enhance your knowledge. Get exam-ready with our insights and tips!

Multiple Choice

What is an augmented product?

Explanation:
An augmented product is the actual product plus extra services and benefits that come after the sale, which add value and differentiate the offer. The actual product covers the core features, design, and quality, while the augmented part includes things like a warranty, financing, delivery, installation, and after-sales repair. These extras reduce risk, boost convenience, and build customer trust, making the overall offer more appealing than the core product alone. The description that combines the actual product with these after-sale services best captures what an augmented product is.

An augmented product is the actual product plus extra services and benefits that come after the sale, which add value and differentiate the offer. The actual product covers the core features, design, and quality, while the augmented part includes things like a warranty, financing, delivery, installation, and after-sales repair. These extras reduce risk, boost convenience, and build customer trust, making the overall offer more appealing than the core product alone. The description that combines the actual product with these after-sale services best captures what an augmented product is.

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