BAQ Product Business Assessment Questionnaire – Product Company name Email address Do you know what the customers’ needs are? YesNo Are your product(s) and/or services better than your competition? YesNo Do you manufacture or assemble any of your products? YesNo Is there an advantage for customers to buy from you? YesNo If so, is your advantage substantial? YesNo Can you define your target market? YesNo Do you introduce new products on a regular basis? YesNo Do you have a plan for developing new products? YesNo Do you have reliable supply sources for your products? YesNo Have you done an analysis of your competitors? YesNo Are you using cost plus pricing (take the product cost and add enough to cover your costs and profit)? YesNo Are you using market pricing where the price is derived from market value of your product/service? YesNo Do you have a quality assurance program? YesNo Do you evaluate your sales by product to improve sales on slower-moving products/services? YesNo Do you manage the product mix and eliminate underperforming products/services? YesNo Do you understand the market trends affecting your business? YesNo Do you maintain an inventory? YesNo Do you own the inventory of the products you sell? YesNo Is your inventory unbalanced (too much of some items, not enough of others?) YesNo Is your lead time to replenish stock adequate? YesNo Is your product mix consistent with your marketing, sales and business strategy? YesNo Do you have products or services you will be introducing in the next 6 months? YesNo Have you introduced new products in the last 12 months? YesNo Last 24 months? YesNo Last 36 months? YesNo What is the price range of your products/services? What is the price tag of your average sale? Do you offer a warranty or guarantee of your products and/or services? YesNo Does any of your staff have special certifications which permit you to offer more products or services? YesNo Do your associates know your pricing structure? YesNo Note that #1 means you strongly agree, #2 means you somewhat agree, #3 means you neither agree nor disagree, #4 means you somewhat disagree and #5 means you strongly disagree. Our products and services are the best in the industry 12345 For the quality of our products and services, they are underpriced 12345 We bend over backwards to make our customers happy 12345 We guarantee all our work 12345 We use suggestive selling to “upsell” our customers 12345 We honor competitors coupons 12345 Our customer service is second to no one 12345 Δ