Costco'S Kirkland Signature Products Are An Example Of A ________.
Candy, laundry detergent, and magazines are all examples of ________ products, which are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort.
A.
convenience
B.
shopping
C.
industrial
D.
specialty
E.
unsought
A.
________ are industrial products that aid in the buyer's production or operations, including installations and accessory equipment.
A.
Supplies and services
B.
Shopping products
C.
Specialty products
D.
Capital items
E.
Materials and parts
D.
Some doctors charge their patients when they do not show up for their appointment, reasoning that the value of the service was present at the appointment time and disappeared when the patient failed to show up. This example illustrates the service characteristic of ________.
A.
intangibility
B.
perishability
C.
profitability
D.
variability
E.
inseparability
B.
A brand has positive ________ when consumers react more favorably to it than to a generic or unbranded version of the same product.
A.
brand knowledge
B.
customer equity
C.
brand equity
QD.
brand positioning
E.
brand value
C.
Starbucks' introduction of packaged supermarket coffees is an example of the concept of ________.
A.
brand extension
B.
brand equity
C.
brand knowledge
D.
co-branding
E.
store brands
A.
Product planners need to consider products and services on three levels. At the second level, product planners must ________.
A.
turn the core benefit into an actual product
B.
identify the core customer value that consumers seek from the product
C.
define the problem-solving benefits or services that consumers seek
D.
find out how they can create the most satisfying brand experience
E.
offer additional product support and after-sale services
A.
A consumer is in the market for a product that is less frequently purchased and for which she will compare carefully the dimensions such as suitability, quality, price, and style. In looking for this product, she will spend time and effort gathering information and making comparisons before making the purchase. Which type of product category is this?
A.
Unsought
B.
Shopping
C.
Convenience
D.
Specialty
E.
Augmented
B.
________ are consumer products that the consumer either does not know about or knows about but does not normally think about buying.
A.
Capital items
B.
Unsought products
C.
Convenience products
D.
Specialty products
E.
Shopping products
B.
Through ________, a service firm orients and motivates its customer-contact employees and supporting service people to work as a team to provide customer satisfaction.
A.
internal marketing
B.
service inseparability
C.
social marketing
D.
service variability
E.
corporate image marketing
A.
________ contributes to a product's usefulness as well as to its looks.
A.
Good design
B.
Quality
C.
Packaging
D.
Consistency
E.
Sensational style
A.
A ________ is a group of products that are closely related because they function in a similar manner, are sold to the same customer groups, are marketed through the same type of outlets, or fall within given price ranges.
A.
multibrand
B.
private brand
C.
product line
D.
line extension
E.
new brand
C.
Product mix ________ refers to the number of versions offered for each product in the line.
A.
consistency
B.
width
C.
length
D.
height
E.
depth
E.
Which of the following is the lowest level on which marketers can position their brands in target customers' minds?
A.
beliefs and values
B.
product benefits
C.
product attributes
D.
after-sale services
E.
brand equity
C.
Costco's Kirkland Signature products are an example of a ________.
A.
generic brand
B.
manufacturer's brand
C.
national brand
D.
support brand
E.
private brand
E.
________ occurs when two established brand names of different companies are used on the same product.
A.
Market diversification
B.
Co-branding
C.
Licensing
D.
Niche marketing
E.
Cannibalization
B.
Google's "Innovation Time-Off" and 3M's "Dreamdays" programs, in which employees are granted time away from their regular duties in order to develop new innovations, are examples of a concept known as ________.
A.
intrapreneurship
B.
idea generation
C.
crowdsourcing
D.
product development
E.
concept testing
A.
________ calls for testing new product concepts to groups of target consumers.
A.
Test marketing
B.
Idea screening
C.
Product development
D.
Sequential new product development
E.
concept testing
E.
With respect to the product life cycle, the ________ stage is a period of slowdown in sales growth because the product has achieved acceptance by most potential buyers.
A.
growth
B.
decline
C.
introduction
D.
development
E.
maturity
E.
During the ________ stage of the product life cycle, firms often shift some advertising from simply building awareness toward building stronger brand conviction and purchase behaviors.
A.
growth
B.
maturity
C.
development
D.
decline
E.
introduction
A.
As a result of growing litigation and increased product liability insurance, some companies are now appointing ________, whose job is to protect consumers from harm and the company from liability by proactively ferreting out potential product problems.
A.
Chief Marketing Officers
B.
customer advocates
C.
new product development directors
D.
brand managers
E.
product stewards
E.