mktg 351 ch 11 test questions

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Which of the following best illustrates how a firm can use a symbol to make an intangible product more tangible?

Traveler's Insurance Umbrella

As the production manager of an engineering firm, you went out and bought a metal cutting machine. What you have purchased can best be classified as a

business product

The intangible products that most organizations use in their operations are called

business services

Products are classified as being business or consumer products according to the

buyer's intended use of the product

A product mix is best described as

all products offered by a firm

Products which are relatively inexpensive and frequently purchased with minimal effort are classified as ___________ products.

convenience

Which stage of the product life cycle is characterized by intense competition?

maturity

A distributor of plumbing supplies purchases a desktop computer to aid in inventory control. This computer is an example of which type of business product?

Accessory equipment

What are a marketing manager's two options during the decline stage?

Attempt to postpone the decline or accept its inevitability

As Jessica enters Best Buy's car electronics department, she is asked by the salesperson if she has seen the new plug-in cell phones with TV display. She answers that she didn't know that this type of phone accessory for cars was available. Based on this information, she is now in what stage of the product adoption process for this item?

Awareness

Energizer batteries would be classified as which type of product?

Convenience

Which stage in the product life cycle is critical to a product's survival because competitive reactions to the product's success during this period will affect the product's life expectancy?

Growth

Which stage of the product life cycle begins when a business reaches the breakeven point with the product?

Growth

Tojitos Mexican Restaurant purchased several large ovens for use in remodeling its kitchens. These ovens are an example of which type of business product?

Installations

Business products are classified into the following seven categories according to characteristics and intended uses: raw materials, installations, accessory equipment, component parts, process materials, business services, and

MRO supplies

Which of the following stages of the product life cycle is likely to see dealers offered promotional assistance from the producer?

Maturity

Which of the following is the most typical example of a new product introduction?

Pringles sold in snack-sized containers

A product line is defined as

a group of closely related products that are considered a unit because of marketing, technical, or end-use considerations.

A product item is best described as a

a specific version of a product

Business products that are purchased routinely, do not become part of finished goods, and are expense items rather than capital goods are called

accessory equipment

A company wanting to maintain market share during the maturity stage requires moderate to large

advertising expenditures

When Greyhound launched the BoltBus and NeOn bus lines, this is an example of

an extension in the width of the product mix

According to the text, a product is defined as

anything the customer receives in an exchange

Which of the following is always used to determine the classification of a good?

buyer's intent for using the product

Business products are

classified according to their characteristics and intended uses.

A set of Bose car speakers sold to Ford for use in the production of a hybrid Escape, would be an example of a(n)

component parts

Although they become part of a larger product, _______ can often be easily identified and distinguished on the larger product.

component parts

Cadillac recognized it needed to revitalize its brand and attract different market segments. These are indications that Cadillac's products were primarily in the ______ stage of the product life cycle.

decline

Dish Network satellite TV cut back advertising expenditures to minimum levels and reduced the number of channel members for its industrial satellite product. These actions indicate that its product is in the ___________ stage of its life cycle.

decline

Hershey Foods Corp. offers a line of candy that includes Kit Kat, Mr. Goodbar, Krackel, Hershey's Kisses, Reese's Peanut Butter Cups, Rolo, and Twizzlers. These candies best illustrate Hershey's product mix

depth

Procter & Gamble makes at least eight different laundry detergents. This is most relevant to the issue of

depth of product mix

The depth of a product mix is measured by the average number of

different products offered in each product line

When Sony realized its CD players were in the decline stage, it decided to immediately withdraw all of its marketing support from these declining products, an approach known as

divesting

Sales usually start to decline during the __________ stage of the product life cycle.

end of the maturity

During the growth stage of the product life cycle, marketers must

fortify the product position

Achieving greater penetration of the market is typically a business goal during the ___________ stage of the product life cycle.

growth

Aggressive pricing is typical during the ___________ stage of the product life cycle.

growth

An ad that stresses "Get the real Proactiv Solution; accept no substitutes!" is best geared for which stage of the product life cycle?

growth

In which stage of the product life cycle do profits peak or begin to decrease?

growth

A firm with a product in the decline stage of the product life cycle may decide to gradually reduce marketing expenditures and realign its marketing mix to one that requires fewer resources. This approach is called

harvesting

MADD (Mothers Against Drunk Driving) is a nonprofit organization that primarily markets

ideas

When banks add new services during the maturity stage, the objective they are most likely trying to achieve is

increasing their share of customer

Frito-Lay, which is widely known for producing chips and other snack products, tried to introduce Frito-Lay lemonade. The reason this new product failed is likely because of

ineffective branding

Molly has been using a Bic disposable razor for her shaving needs for the last ten years. She doesn't really see the need to spend more money on razors, but she sees that it is becoming more difficult to find the Bic, and so she is considering the Venus Embrace. Molly is definitely not a(n) _______ in the product adopter categories, and is more likely to be _____.

innovator; a late majority

Depending on the length of time it takes them to adopt a new product, people can be divided into five major adopter categories: early adopters, early majority, late majority, laggards, and

innovators

Facilities, factories, and production lines with very large equipment are all classified as

installations

Large tools and machines used in a production process for a considerable length of time are classified as

installations

Sales start at zero and profits are negative during the ____ stage of the product life cycle.

introduction

The four major stages of a product life cycle include

introduction, growth, maturity, and decline

The last group to adopt a new product, _________, is oriented toward the past and is suspicious of new products.

laggards

Brunswick's bowling balls, bowling bags, and shoes are individual product ___________ for this sporting goods manufacturer.

lines

The width of a product mix is measured by the number of product

lines a company offers

Shopping products have a _____ inventory turnover and need _____ distribution outlets than convenience goods.

lower;fewer

Which of the following tactics would typically be employed when a product is in the growth stage of its life cycle?

lowering prices after developmental costs have been recovered

A change in package size is a strategy that can help boost sales in the ___________ stage of the product life cycle.

maturity

A common business objective of the ___________ stage of the product life cycle is to generate cash flow.

maturity

Heinz promoting its vinegar as an effective cleaner for wall, glass, and kitchen and bathroom surfaces would most likely be a strategy for the _____ stage of the product life cycle.

maturity

The producers of Schick razor blades use a marketing strategy that includes large advertising expenditures and more price flexibility for the various types of blades offered. Based on this example, razor blades are in the ___________ stage of the product life cycle.

maturity

When Clorox introduced bleach in a no-drip bottle, the firm was taking action consistent with its product being in the ___________ stage of the product life cycle.

maturity

When a business finds itself squeezed out of a market for a product or loses interest in that product, it is a sign of being in the ___________ stage of the product life cycle.

maturity

Sara Lee Corporation manufactures desserts, breads, pantyhose, meats, and a variety of other products. These products make up Sara Lee's product

mix

During the introduction stage of a successful product, profits are usually

negative and increasing

All of the following are reasons why new products fail

overestimated market size, distributed insufficiently, poor timing, or poor promotion

Products used directly in the production of a final product but are not easily identifiable are categorized as

process materials

Minerals, chemicals, timber, and agricultural products are considered

raw materials

A specialty product

requires purchase planning, and the buyer will not accept substitutes.

Products for which buyers are willing to spend much time comparing stores and brands for differences in prices, product features, and services are called ______ products.

shopping

Shannon Hill needed to buy an airline ticket to visit her parents. She called several airlines to compare rates and chose a flight on Southwest Air Lines because, for comparable prices, it had a better reputation for service. For Shannon, this flight is an example of which type of product?

shopping

During the maturity stage

some competitors are forced out.

As Beth and Rob Barker search for a new home, they are interested only in houses built by a particular builder. This purchase is characteristic of a(n) ___________ product.

specialty

The Carsons are going on a vacation back to Texas. When they lived there, Gwen Carson loved Blue Bell Cookies. Blue Bell is sold only in Texas. She plans to buy two boxes at the first store she visits after they arrive. For Gwen, Blue Bell represents a(n) ___________ product.

specialty

Nick Arnold's Auto Towing Service would best be described as a(n) __________ product.

unsought

When a sudden problem confronts a consumer, such as emergency automobile repair, he or she is likely going to view solutions to that problem as

unsought products

To make intangible products more tangible or real to the consumer, marketers often

use symbols or cues to help symbolize product benefits

One company markets such diverse products as Rosarita Mexican foods, Max Factor cosmetics, and Samsonite luggage. These various offerings exhibit this firm's product mix

width


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