Exam 16: Developing and Promoting Goods and Services

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Marketers at Wallson Corp.are trying to make potential consumers aware of the company's new product and its benefits.Profits are non-existent at this time.This is the ________ stage of the product life cycle.

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Compared with most other languages,ads in English take up more print space and air time because English takes more words to explain concepts.

(True/False)
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Dove is introducing a new deodorant.In order to entice customers to purchase the deodorant,a free bar of soap is attached to the package.Which type of sales promotion is Dove using?

(Multiple Choice)
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Samantha wanted to use a flexible communication vehicle that would give her rapid coverage.She should select ________ advertising.

(Multiple Choice)
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The communications vehicle that is very selective about its audience,allows a more personalized message,and whose response rate is very predictable is

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Diana is going to be married soon,and she is shopping around for a wedding gown.For Diana,a wedding gown is a shopping good.

(True/False)
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What is the fundamental idea underlying the product life cycle?

(Multiple Choice)
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List five sales promotion tools.

(Essay)
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It takes _______ new product ideas to generate just one new product that reaches the market,and then only _____ out of 10 new products on the market succeeds.

(Multiple Choice)
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The primary goal of informative advertising is to convince consumers to buy the company's products rather than those of its rivals.

(True/False)
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What is the "promotional mix"? Include a discussion of the four basic types of promotional tools in your response.

(Essay)
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Items that are expensive,durable,and infrequently purchased by firms producing other goods or services are called ________.

(Multiple Choice)
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A ___________ gives exclusive legal right to use a brand name,while a _________ protects an invention or idea.

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Virtually all products have very short life cycles.The only real exception is Coca-Cola.

(True/False)
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Which of the following statements would MOST weaken the argument for using internet as advertising?

(Multiple Choice)
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The total array of products a company has for sale is its product mix,while a product line is a group of products that are closely related because they function in similar manner or are sold to the same customer group who will use them in similar ways.

(True/False)
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The four stages of a product life cycle are introduction,growth,maturity,and decline.

(True/False)
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In the 2012 BrandZ Top 100 Global Brands Ranking,the three most successful brands in the world were Apple,Google,and IBM.

(True/False)
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LaRonge Corp.gives free samples of products to influential consumers.This is an example of product seeding,which is one variety of word-of-mouth advertising.

(True/False)
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Coupons,point-of-purchase displays,free samples,and trade shows are examples of

(Multiple Choice)
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