Marketing Chapter 7

Descripción

Quiz on Marketing Chapter 7, created by Crystal Schultz on 13-10-2018.
Crystal Schultz
Test por Crystal Schultz, actualizado hace más de 1 año
Crystal Schultz
Creado por Crystal Schultz hace más de 5 años
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Resumen del Recurso

Pregunta 1

Pregunta
Within the New Product Development Process, which stage do you establish the features and price?
Respuesta
  • Idea Screening
  • Development
  • Feature Specialization
  • Testing

Pregunta 2

Pregunta
Idea Screening is when ______________.
Respuesta
  • The product is being alpha tested and then beta tested
  • The profit, price and potential sales are being calculated at different prices and the company looks at whether the offering fits with the companies competitive strategy
  • The basic idea is created and described

Pregunta 3

Pregunta
Today my coworker informs me that she has created the first physical prototype of an idea someone had last year, is this the development stage?
Respuesta
  • True
  • False

Pregunta 4

Pregunta
Beta testing is when [blank_start]we test a product in the lab[blank_end]
Respuesta
  • we allow customers to test our product
  • we test our product in the lab

Pregunta 5

Pregunta
HP makes a printer line where each printer has different features for different types of consumers, this is called ____________.
Respuesta
  • Process Feasibility
  • Quality Function Deployment (QFD)
  • Customer Service
  • Consumer Bundle

Pregunta 6

Pregunta
Which is the correct order of the New Product Development Process?
Respuesta
  • Idea generation, idea screening, feature specialization, development, testing, launch, evaluation
  • Idea generation, idea screening, feature specialization, testing, development, launch, evaluation

Pregunta 7

Pregunta
In the stage of Idea Screening, which question describes Process Feasibility?
Respuesta
  • Will we sell enough products to profit?
  • How much do we have to sell in order to break even?
  • How can we be more efficient with company time?
  • Will we actually be able to make and service this product?

Pregunta 8

Pregunta
A consumer buys an iPhone, which she saw an ad on TV for. She pays $1000 for it, and two months later she walks by the store she bought it at and her phone is now sold for $850. In the introduction phase, which strategy did Apple use to sell their phone faster?
Respuesta
  • Skimming pricing strategy
  • Penetration pricing strategy

Pregunta 9

Pregunta
The Growth Stage is characterized by high profits, increasing sales and less competition.
Respuesta
  • True
  • False

Pregunta 10

Pregunta
I’m a product that has been on the shelf for many years but I’m still people’s number one choice. Which stage of a product’s life cycle am I in?
Respuesta
  • Introduction
  • Growth
  • Decline
  • Maturity

Pregunta 11

Pregunta
During the Growth Stage, promotion often relies on
Respuesta
  • Specific benefits of a product
  • Value relative to competitive offerings
  • Modifying their target markets
  • Changing their packaging
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