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Bach, Product Marketing Flashcards | StudBud
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Bach, Product Marketing
Bach, Product Marketing
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Marketing quiz on Product concepts
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
Which of the following is NOT one of the benefits to a firm of new product development?
Avoiding market saturation from older products
Creating diversification and reducing risk
Satisfying the changing needs of current and new customers
Reduced costs of production
2
During the __stage of the product life cycle, there are few but an increasing # of competitors.
Introduction
Innovation
Growth
Maturity
3
Sam doesn't own a cell phone. Sam could be considered a __ in the diffusion of innovation.
Early Adopter
Late Majority Adopter
Laggard
Innovator
4
Fad products typically have a longer life cycle than most other products.
True
False
5
A branding strategy in which a company uses one name for all of its products in a product class.
Private Branding
Multibranding
Multiproduct Branding
Mixed Branding
6
Although not on her shopping list, Mary couldn't resist buying candy at check-out, a(n) ___ .
emergency product
impulse product
convenience product
staple product
7
Aside from the traditional 4Ps of Marketing, the 7Ps of Service Marketing includes each of these additional "Ps" except:
Publicity
Physical Environment
Process
People
8
In the US, most consumer goods are in the ___ stage of the product life cycle.
Growth
Decline
Introduction
Maturity
9
A __ is a name, symbol, design or term that identifies a seller's good as distinct from others.
Supply chain
SKU
Product line
Brand
10
The complete set of all products offered by a firm is called its
Product Line
Product mix
Product line depth
Product breadth