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Duplicate of Marketing Chapter 9 Objective 2 Flashcards | StudBud
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Duplicate of Marketing Chapter 9 Objective 2
Duplicate of Marketing Chapter 9 Objective 2
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marketing Chapter 9 Objective 2 and 3
Flashcards
24 cards
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Questions
24
Answers
1
Crayola crayons has expanded to morethan 80 countries around the world. Crayola crayons are in
Decline
Intro
Growth
Maturity
2
Which is an effective strategy during the growth stage of the PLC to sustain rapid growth?
Raise prices.
Enter new markets.
Keep product quality at its current leve
Only offer basic versions of the product.
3
to collect, review, evaluate, manage new product ideas is a ______________ approach to NPD
Customer-Centered
Systematic
Haphazard
Sequential
4
Furbies, a toy craze that quickly fell in and out of favor with customers, is an example of a
norm
fad
style
fashion
5
All products go through the same product life cycle
false
true
6
What is the last state of the New Product Development Process?
Business Analysis
Test marketing
Concept Development
Commercialization
7
Dr. Lawncare developed his new weed killer, during the introductory stage of the PLC .......
sales would fall and profits would drop
sales would be slow and profits non-existent
sales would be slow and profits would level off or decline
sales would be low but profits would be high
8
When Unilever sold of its unpopular and lesser known brands, management decided to ______ them.
Maintain
Drop
Franchise
Modify
9
After ideas are screened, the next stage of the new product development process is _____.
test marketing
concept development and testing
idea generation
product development
10
When Pepsi introduced Pepsi Max or Cherry Pepsi, they are modifying the
Distribution
Product
Competition
Market
11
What is an appropriate strategy during the maturity stage of the product life cycle?
promotional spending to inform consumers
Select products to maintain, harvest, or drop.
Modify the market, product offering and marketing mix.
Shift advertising from building product awareness purchas
12
what is the course that a product's sales and profits take over its lifetime?
New Product Delveopment
Marketing Mix
Circle of Life
Product Life Cycle
13
a ________ is a detailed version of the product idea stated in meaningful consumer terms.
Target market
Product Image
Prototype
Product Concept
14
The way consumers perceive an actual or potential product:
Product Concept
Systematic step
Product Idea
Product Image
15
Some products that have entered the decline stage have been cycled back to the growth stage BC
pruning
repositioning
harvesting
maintaining
16
At which stage of the new product development process is crowdsourcing used?
Idea generation
Marketing strategy development
Idea Screening
Commercialization
17
Profits are non existent in this stage
Introduction
Growth
Decline
Maturity
18
What is the 4th step in New product development?
Business Analysis
Idea Screening
Product development
Marketing Strategy Development
19
All of the following are the three parts of the marketing strategy EXCEPT for
Value Proposition planned
Target market description
Controlled test markets
Sales, market-share and marketing mix
20
________ stage of the PLC, firms shift adv from buildig awarenss 2 stronger brand purchase
Maturity
Decline
Growth
Introduction
21
Basic and distinctive mode of expression is defined as
fashion
style
fad
22
________ calls for testing new product concepts to groups of target consumers.
Idea Screening
Product Development
Concept testing
Test marketing
23
Which PLC stage normally lasts the longest and is where most products in marketplace are in?
Growth
Maturity
Intro
Decline
24
How is data collected during Business Analysis stage?
all of the options.
estimate min and max sales to assess risk
Sales history of similar products
Conduct market surveys