Exam 11: Product Concepts

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When a product experiences an increase in the number of competitors, it is usually in the _____ stage of the product life cycle; however, when that competition becomes intense, it is in the ____ stage.

(Multiple Choice)
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The various products carried by a retailer can also have dimensions of width and depth. For example, Dick's Sporting Goods carries sports clothes, shoes, exercise equipment, hunting and fishing equipment, camping supplies, and other products. Bass Pro Shops carries fishing equipment, but has a larger selection of different models and brands. In this case, the product mix of Dick's Sporting Goods is ___, and the product mix of Bass Pro Shops is ____.

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Component parts usually need to be processed significantly before they are used in production.

(True/False)
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A(n) ____ is a concept, philosophy, or image.

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

(Multiple Choice)
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During a product's maturity stage, all sales promotion efforts are focused on consumers.

(True/False)
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Obtaining a specialty product involves a considerable amount of comparison activity.

(True/False)
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