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Product Planning - CP #1 Flashcards | StudBud
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Product Planning - CP #1
Product Planning - CP #1
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Product planning vocab/review
Flashcards
16 cards
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Practice quiz
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Questions
16
Answers
1
Changing raw materials or putting parts together to make them more useful is
place utility.
time utility.
form utility.
possession utility.
2
Which is NOT included in product positioning strategies:
price & quality
in relation to the product
features & benefits
in relation to the competition
3
The efforts a business makes to identify, place, and sell its products in the marketplace.
Product Mix Strategies
Product Planning
Product Licensing
Product Positioning
4
Refers to the number of items offered within each product line.
Product Item
Product Width
Product Mix
Product Depth
5
A group of closely related products manufactured or sold by a business.
Product Width
Product Mix
Product Depth
Product Line
6
A specific model, brand, or size of a product within a product line.
Product Mix
Product Item
Product Planning
Product Depth
7
Includes all the different products that a company makes or sells.
Product Line
Product Planning
Product Item
Product Mix
8
The consumer market consists of customers who purchase goods and services for
personal use.
someone else.
business use.
for personal and business use.
9
The organizational market consists of consumers who purchase goods and services for
another person.
use in their business.
consumer use.
personal use.
10
Having a product available at a certain time of year or a time of day is
place utility
possession utility
time utility
information utility
11
The group that is identified for a specific marketing program is the
target market
market share
consumer
customer
12
The exchange of a product for money is
form utility.
possession utility.
information utility.
time utility.
13
A plan for determining which products a business will make or stock.
Product Planning
Product Positioning
Market Planning
Product Mix Strategies
14
Communication with customers is
possession utility.
time utility.
form utility.
information utility.
15
Having a product where customers can buy it is
form utility
place utility
possession utility
information utility
16
Refers to the number of different product lines a business manufactures or sells.
Product Width
Product Planning
Product Mix
Product Depth