Marketing Chapter 7

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Quiz on Marketing Chapter 7, created by Crystal Schultz on 13-10-2018.
Crystal Schultz
Quiz por Crystal Schultz, atualizado more than 1 year ago
Crystal Schultz
Criado por Crystal Schultz mais de 5 anos atrás
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Resumo de Recurso

Questão 1

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

Questão 2

Questão
Idea Screening is when ______________.
Responda
  • 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

Questão 3

Questão
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?
Responda
  • True
  • False

Questão 4

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

Questão 5

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

Questão 6

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

Questão 7

Questão
In the stage of Idea Screening, which question describes Process Feasibility?
Responda
  • 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?

Questão 8

Questão
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?
Responda
  • Skimming pricing strategy
  • Penetration pricing strategy

Questão 9

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

Questão 10

Questão
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?
Responda
  • Introduction
  • Growth
  • Decline
  • Maturity

Questão 11

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

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