Exam 12: Developing and Marketing Products

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When distribution channels are lengthy,a push strategy is typically most successful.

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Scenario: Old World,Ltd. Old World,Ltd. ,a London-based furniture manufacturer,is establishing its global distribution,pricing,and promotion strategies.Being new to global business,the firm is seeking your help in making its decisions. -If Old World adopts a pricing policy of different selling prices in export markets than it has in the British market,it would be following a ________ strategy.

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Another term for a zero-level channel is ________.

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________ is often necessary when many important differences exist between the home and target markets.

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Lower levels of education and less buying experience mean that consumers in developing countries are ________.

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The ________ a product's value density,the more ________ the distribution system.

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A company's ________ comprises its efforts to reach distribution channels and target customers through communications,such as personal selling,advertising,public relations,and direct marketing.

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Using examples,explain in detail the circular process of marketing communications.

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________ is the name of one or more items in a product line that identifies the source or character of the items.

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A pull strategy is most appropriate under which of the following circumstances?

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Because it is so costly,a ________ strategy is not common.

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Discuss in detail the concept of value density and its impact on an organization's distribution policy.

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Discuss,with examples,the primary concerns of managers when establishing distribution policies.

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Upper or lower limits placed on the prices of products sold within a country are known as ________.

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The term ________ refers to the number of intermediaries between producer and buyer.

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A brand name can function as legal property that owners can protect from trespass by competitors.

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________ is one in which a manufacturer grants the right to sell its product to only one or a limited number of resellers.

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Which of the following methods extends the same home-market product and marketing promotion into target markets?

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The lower a product's value density,the more localized the distribution system for that product.

(True/False)
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Product standardization is more likely when nations share the same level of economic development.

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