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MKT 571 Week 3 quiz 100% Score

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Subject
Marketing
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Study Guide
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1. Which of the following is the best example of a new-to-the-world product
2. ________ is the ability of a company to prepare on a large-scale basis individually designed
products, services, programs, and communications
3. Product-line analysis provides information for two key decision areas: product-line length and
________.
4. Most new-product activities are devoted to
5. One of the ways to change the course of a brand is to modify the product. Under product
modification, ________ adds size, weight, materials, supplements, and accessories that
expand the product’s performance, versatility, safety, or convenience
6. Poga International, a multinational beverage corporation, identifies that one of its competitors
is launching an apple flavored drink. The company decides to launch an apple flavor brand
along with its competitor. What timing strategy is used here?
7. Campbell Soups is a newly established company that specializes in preparing healthy but
tasty food for children under the age of 5. It is incurring huge production costs, nonexistent
profits, and slow sales growth. The company is in the ________ phase of its life cycle
8. When the physical product cannot be easily differentiated, the key to competitive success
may lie in adding valued services and improving their quality. The main service differentiators
are ordering ease, delivery, installation, ________, customer consulting, maintenance, and
repair
9. Which of the following is the level at which the product’s primary characteristics operate
10. Happy Home Products produces detergents, toothpaste, bar soap, disposable diapers, and
paper products. This company has a product ________ of five lines
11. The five product levels constitute a ________. At each level more customer value is added
12. Marketers must see themselves as benefit providers. For example, when a shopper
purchases new shoes, he or she expects the shoes to cover his or her feet and allow him or
her to walk unobstructed. This is an example of what level in the consumer-value hierarchy
13. Some firms might delay the launch of their products until after the competitor has borne the
cost of educating the market. Such an entry is called ________ entry
14. Product launches include many tasks and often take longer than expected. To coordinate
effectively, a planning technique such as ______ can be used
15. It was sunny when Jenny went to class, but by the time class was over it was raining heavily,
so Jenny stopped by the student store to buy an umbrella before she walked back to her
dorm. In this case, the umbrella is an example of a(n) ________.
16. Which of the following is most closely related with the organic growth of an organization
17. A dance school in the Bronx teaches professional hip-hop and salsa. It is experiencing an
increase in student admissions, which is leading to substantial improvement in profits. The
school is going through the ________ phase of its life cycle
18. Which of the following will most help service providers overcome the limitation of intangibility
of services when positioning itself
19. Which of the following steps will help service firms to increase their quality control
20. Using the ________ level of the product hierarchy to market its soups, Campbell Soups
feature the company name first, then the soup variety on their packaging
21. Services high in ________ are those services that have characteristics the buyer normally
finds hard to evaluate even after consumption

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1. Which of the following is the best example of a new-to-the-world product
Kids-Med, a company that produces childcare products, launches a non-contact thermometer
2. ________ is the ability of a company to prepare on a large-scale basis individually designed
products, services, programs, and communications
Mass customization
3. Product-line analysis provides information for two key decision areas: product-line length and
________.
product mix-pricing
4. Most new-product activities are devoted to
improving existing products
5. One of the ways to change the course of a brand is to modify the product. Under product
modification, ________ adds size, weight, materials, supplements, and accessories that
expand the product’s performance, versatility, safety, or convenience
feature improvement
6. Poga International, a multinational beverage corporation, identifies that one of its competitors
is launching an apple flavored drink. The company decides to launch an apple flavor brand
along with its competitor. What timing strategy is used here?
Parallel entry
7. Campbell Soups is a newly established company that specializes in preparing healthy but
tasty food for children under the age of 5. It is incurring huge production costs, nonexistent
profits, and slow sales growth. The company is in the ________ phase of its life cycle
introduction
8. When the physical product cannot be easily differentiated, the key to competitive success
may lie in adding valued services and improving their quality. The main service differentiators
are ordering ease, delivery, installation, ________, customer consulting, maintenance, and
repair
customer training
9. Which of the following is the level at which the product’s primary characteristics operate

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1. Which of the following is the best example of a new-to-the-world product 2. ________ is the ability of a company to prepare on a large-scale basis individually designed products, services, programs, and communications 3. Product-line analysis provides information for two key decision areas: product-line length and ________. 4. Most new-product activities are devoted to 5. One of the ways to change the course of a brand is to modify the product. Under product modification, ________ adds size, weight, materials, supplements, and accessories that expand the product’s performance, versatility, safety, or convenience 6. Poga International, a multinational beverage corporation, identifies that one of its competitors is launching an apple flavored drink. The company decides to launch an apple flavor brand along with its competitor. What timing strategy is used here? 7. Campbell Soups is a newly established company that specializes in preparing healthy but tasty food for children under the age of 5. It is incurring huge production costs, nonexistent profits, and slow sales growth. The company is in the ________ phase of its life cycle 8. When the physical product cannot be easily diff ...
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