Exam 11: Product Concepts, Branding and Packaging

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A product line includes a group of closely related product items that are considered to be a unit because of marketing, technical, or end-use considerations.

(True/False)
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Recently, buyers have shown an unwillingness to pay more for improved packaging.

(True/False)
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Labels facilitate product identification.

(True/False)
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Which of the following should be the least important concern for marketers when selecting a brand name?

(Multiple Choice)
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Accessory equipment becomes a part of the finished product.

(True/False)
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Nick Arnold's Auto Towing Service would best be described as a(n) ____ product.

(Multiple Choice)
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Packages are always secondary ingredients of a marketing strategy.

(True/False)
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The buyer's intent can determine whether an item is classified as a consumer or a business product.

(True/False)
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Which stage in the product life cycle is critical to a product's survival because competitive reactions to the product's success during this period will affect the product's life expectancy?

(Multiple Choice)
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Everything associated with the product, including its symbolism and experiences is the____________.​

(Multiple Choice)
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"The people who are in-the-know" are the early adopters.

(True/False)
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When Anheuser-Busch added Michelob Light to the line of Michelob beers, the firm was using ____ branding.

(Multiple Choice)
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The basic purpose of packaging is to create eye appeal.

(True/False)
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Supporting services, such as installation and guarantees, are part of a product.

(True/False)
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The original marketing strategy should not be altered in any way as a product travels through the stages of the product life cycle because consumers can become confused.

(True/False)
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Sometimes new marketing channels open up in the decline stage.

(True/False)
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The width of a product mix is measured by the number of product

(Multiple Choice)
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​You are a rising star in the purchasing department at your company and you have recently been promoted to manager for business services procurement. As your title suggests, you will be responsible for purchasing business services for your firm. Which of the following statements is true regarding your new role?

(Multiple Choice)
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A product's classification can influence its price, distribution, and promotion.

(True/False)
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Another common name for a private distributor brand is a ____ brand.

(Multiple Choice)
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