Exam 11: Basic Concepts in Product Planning

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The absence of authority over functional marketing personnel (such as marketing research and sales management personnel) is a significant problem with the venture team.

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Among the brands of Ford Motor Company are Jaguar, Volvo, Lincoln, Ford, and Mercury. Jaguar is viewed by many as a fine, imported sports car. Volvo is seen as a brand especially concerned with safety, Lincoln as a luxury family car, Ford as a traditional family car, and Mercury as a more sporty family car. This illustrates

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L'eggs modified its package design so as to increase the density of its display. The newly designed package allows more products to be stored on a rack than with the previous package. Which packaging function is involved?

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a. What are the advantages and disadvantages to a retailer's use of manufacturer brands? b. What are the advantages and disadvantages to a retailer's use of dealer brands? c. What are the advantages to a retailer's use of a mixed-brand strategy?

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A firm that is classified as a specialist is likely to have a product mix that is both

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The purchasing behavior for industrial supplies is similar to that of convenience goods.

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The broadest concept in branding is a firm's

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An industrywide classification system used for inventory management and marketing research is

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What type of product mix is required by a firm that seeks to be the single source for all of its customers' needs?

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Which industrial product is a capital good?

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The battle of the brands occurs within a retail store when the retailer employs a mixed-brand strategy.

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The term "consumer products" refers to which classification of consumer?

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a. Draw a product positioning map for a maker of luxury automobiles. Include ideal point(s), competitive product positioning, and company product positioning in your discussion. b. Explain what the manufacturer can learn from this map.

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Which of these best illustrates the definition of a trade character?

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In comparison with dealer brands, manufacturer brands

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A product can be best defined as a(n)

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A major advantage of the use of a venture team in a very large firm is the team's

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Team members disband after a new product is introduced in a

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Too radical a package change may result in that package's doing poorly in terms of the communication function.

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A licensing agreement is a form of

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