A) miniature version of an actual new product used in concept testing to identify any changes that need to be made prior to its commercialization.
B) full-scale operating model of the product or service under development.
C) sample of a new product given to prospective customers and opinion leaders used to generate awareness prior to the product's commercial release.
D) simulated operating model of the product given to consumers to use in full-scale field testing.
E) digital version of a product produced in multiple shapes, colors, and sizes to determine which version of the product customers like best.
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Multiple Choice
A) shopping
B) convenience
C) specialty
D) unsought
E) supply
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Multiple Choice
A) the way the organization delivers its service.
B) the positive reinforcement from friends, family, and peers after the service was provided.
C) repeat encounters with the same service provider.
D) psychological feelings of well-being.
E) a formal post-purchase evaluation or questionnaire.
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Multiple Choice
A) product mixes include product lines.
B) product lines include product mixes.
C) product lines refer to consumer products; product mixes refer to business products.
D) product mixes refer to consumer products; product lines refer to industrial products.
E) there is no significant difference other than minor product variations of color, size, or form.
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Multiple Choice
A) items that consumers will make special efforts to seek out and buy.
B) items for which consumers compare several alternatives on criteria such as price, quality, or style.
C) products consumers purchase frequently and with a minimum of shopping effort.
D) ancillary products used to make other products work more efficiently.
E) low-cost items for which there are numerous substitutes and generic equivalents.
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Multiple Choice
A) generate awareness among consumers.
B) advertise benefits to consumers that stress points of differentiation.
C) educate consumers about new consumption patterns through personal selling.
D) obtain widespread distribution in multiple channels.
E) stress price differentials from competitors' products.
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Essay
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Multiple Choice
A) inconsistency
B) inseparability
C) inventory costs
D) intangibility
E) interdependence
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Essay
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Essay
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Multiple Choice
A) Test marketing is especially useful for new services.
B) Expensive consumer products must be test marketed in as many locations as possible.
C) Test marketing involves exposing actual products to prospective consumers under realistic purchase conditions to see if they will buy.
D) Test marketing is essential for new, expensive industrial products such as jet engines.
E) Standard test markets are the least expensive and fastest type.
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Multiple Choice
A) the stage of the new-product development process where specific product features and benefits are selected prior creating a new-product prototype.
B) a formalized protocol for new-product development determined by the director of marketing.
C) the stage of the new-product development process that defines the role for a new product in terms of the firm's overall objectives.
D) the process of presenting cross-functional teams with a written new-product concept statement and asking them to respond to it in writing.
E) the stage of the new-product development process that turns the idea on paper into a prototype, which results in a demonstrable, producible product corresponding to its protocol.
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Multiple Choice
A) ideas that consist of a bundle of tangible and intangible attributes that satisfies consumers' needs and is received in exchange for money or something else of value.
B) intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value.
C) philanthropic activities performed without expectations of monetary remuneration.
D) any intangible activity that provides a benefit to a consumer that he or she could not have obtained or performed on his or her own.
E) any tangible activity that provides a benefit to a consumer that he or she could not have obtained or performed on his or her own.
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Multiple Choice
A) limited rollouts.
B) phased rollouts.
C) market-product expansion.
D) regional rollouts.
E) phased commercialization.
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Multiple Choice
A) incongruity
B) intangibility
C) inconsistency
D) inseparability
E) idle production capacity
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Multiple Choice
A) a discontinuous innovation.
B) a new product from the company's perspective because it is a product line extension.
C) a high-risk product mix extension because it is new to the market.
D) new by the Federal Trade Commission for the usual one-year period.
E) not a new product because it does not represent a different SKU.
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Essay
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Multiple Choice
A) a business product
B) a nondurable good
C) a B2B product
D) a durable good
E) a consumer product
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Multiple Choice
A) national or global.
B) independent contractors.
C) privately owned or publicly owned.
D) delivered by people or equipment.
E) owned by individuals or corporations.
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Multiple Choice
A) napkins
B) water heater
C) insurance
D) iPod
E) laser surgery
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