Deck 8: Product Concepts
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Deck 8: Product Concepts
1
Unilever owns the Lipton tea brand.When Unilever introduced Pyramid tea bags,which provide tea leaves with more room to move,and therefore produce a better-tasting brew,it was an example of which of the following?
A) a quality modification
B) an aesthetics modification
C) a functional modification
D) a product line contraction
A) a quality modification
B) an aesthetics modification
C) a functional modification
D) a product line contraction
C
2
Which of the following is the best example of a convenience product?
A) sheets that match the new guest room wallpaper
B) a cup of coffee purchased on the way to work
C) an alarm clock purchased by an individual who wants to always be punctual
D) a $39.95 rose bush for the front yard of a new home
A) sheets that match the new guest room wallpaper
B) a cup of coffee purchased on the way to work
C) an alarm clock purchased by an individual who wants to always be punctual
D) a $39.95 rose bush for the front yard of a new home
B
3
Sela needs to buy several pieces of luggage.While there are several different manufacturers of luggage,Sela believes all of them are basically alike.The only feature she is genuinely concerned about is low price.For Sela,as what type of product would luggage be classified?
A) unsought
B) specialty
C) homogeneous shopping
D) heterogeneous shopping
A) unsought
B) specialty
C) homogeneous shopping
D) heterogeneous shopping
C
4
Erika had a bicycle tire go flat while on a biking trip across Nova Scotia.She normally uses Michelin tires but settled for an Excel brand tire because that was the only brand stocked at the closest bicycle shop.For Erika,what is the recent tire purchase an example of?
A) homogenous shopping
B) component product
C) heterogeneous shopping
D) convenience product
A) homogenous shopping
B) component product
C) heterogeneous shopping
D) convenience product
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5
What is the consumer product classification system based on?
A) the physical attributes of the product
B) the amount of effort consumers spend to acquire the product
C) how the market is segmented
D) the way the products are manufactured
A) the physical attributes of the product
B) the amount of effort consumers spend to acquire the product
C) how the market is segmented
D) the way the products are manufactured
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6
What are products that consumers see as being basically the same,so consumers shop for the lowest price?
A) product equivalents
B) heterogeneous shopping products
C) low-prestige specialty products
D) homogeneous shopping products
A) product equivalents
B) heterogeneous shopping products
C) low-prestige specialty products
D) homogeneous shopping products
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7
What is the starting point in creating a marketing mix?
A) price
B) product
C) distribution channel
D) production line
A) price
B) product
C) distribution channel
D) production line
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8
Wilbur wanted an umbrella table for his patio.He watched newspaper ads until he found one on sale.For Wilbur,the umbrella table is what type of product?
A) component
B) shopping
C) unsought
D) specialty
A) component
B) shopping
C) unsought
D) specialty
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9
What are the two types of shopping products?
A) unsought and convenience
B) heterogeneous and homogeneous
C) consumer and business
D) generic and family
A) unsought and convenience
B) heterogeneous and homogeneous
C) consumer and business
D) generic and family
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10
Which of the following is everything,both favourable and unfavourable,that a person receives in an exchange?
A) product
B) brand equity
C) transaction
D) quality
A) product
B) brand equity
C) transaction
D) quality
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11
Which of the following is a tangible feature of a product?
A) packaging
B) brand equity
C) company
D) brand name
A) packaging
B) brand equity
C) company
D) brand name
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12
In the long run,regardless of the effort put into the product management process,what is the most important factor determining if a consumer product will succeed or fail?
A) the marketing plan it selects for its products
B) how well the manufacturer satisfies its customers' needs
C) the way it implements its production strategy
D) the competition encountered by the manufacturer
A) the marketing plan it selects for its products
B) how well the manufacturer satisfies its customers' needs
C) the way it implements its production strategy
D) the competition encountered by the manufacturer
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13
What type of products are purchased with little shopping effort and are purchased regularly,usually with little planning,and require wide distribution?
A) generic
B) unbranded shopping
C) specialty
D) convenience
A) generic
B) unbranded shopping
C) specialty
D) convenience
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14
What are the additional customer services that are built around the actual product purchased by consumers?
A) supplemental product
B) core product
C) augmented product
D) auxillary product
A) supplemental product
B) core product
C) augmented product
D) auxillary product
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15
Why is creation of a product the starting point for the marketing mix?
A) Product development takes the longest amount of time to complete.
B) The production department must know what to produce first.
C) Determination of the price,promotional campaign,and distribution network cannot begin until the product has been specified.
D) Production strategy is the first of the four Ps listed in the marketing mix.
A) Product development takes the longest amount of time to complete.
B) The production department must know what to produce first.
C) Determination of the price,promotional campaign,and distribution network cannot begin until the product has been specified.
D) Production strategy is the first of the four Ps listed in the marketing mix.
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16
What does the convenience product marketing strategy include?
A) higher than ordinary prices
B) few retail outlets other than convenience stores
C) wide distribution of the product
D) heavy advertising
A) higher than ordinary prices
B) few retail outlets other than convenience stores
C) wide distribution of the product
D) heavy advertising
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17
Raye stopped at a convenience store to buy milk.While he was paying for his milk,he noticed a fresh doughnut display and bought two glazed doughnuts.In this example,what are the doughnuts?
A) specialty products
B) business products
C) unsought products
D) convenience products
A) specialty products
B) business products
C) unsought products
D) convenience products
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18
When Bay Minette Nursery markets bedding plants to businesses to make their sidewalks,entrances,and grounds more attractive,what is it selling?
A) unsought products
B) business products
C) specialty products
D) consumer products
A) unsought products
B) business products
C) specialty products
D) consumer products
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19
Which of the following is the best example of a shopping product for most consumers?
A) a meal plan at the university cafeteria
B) a new television set
C) the text for this marketing class
D) a soft drink to drink before class
A) a meal plan at the university cafeteria
B) a new television set
C) the text for this marketing class
D) a soft drink to drink before class
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20
Compared to the other classifications of consumer products,shopping products are which of the following?
A) usually less expensive than convenience products
B) purchased immediately after the consumer realizes he or she needs them
C) widely available so they need little or no promotion
D) usually more expensive than convenience products and are found in fewer stores
A) usually less expensive than convenience products
B) purchased immediately after the consumer realizes he or she needs them
C) widely available so they need little or no promotion
D) usually more expensive than convenience products and are found in fewer stores
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21
Most people under the age of 25 have a strong belief in their own personal invincibility.An insurance agency targeting this group for life insurance would find this market segment categorizes the insurance as what type of product?
A) heterogeneous shopping
B) relationship
C) unsought
D) exclusive
A) heterogeneous shopping
B) relationship
C) unsought
D) exclusive
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22
Which of the following consists of all of a company's product lines and items?
A) the marketing mix
B) the product offering
C) the product mix
D) the brand line
A) the marketing mix
B) the product offering
C) the product mix
D) the brand line
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23
Comparisons between products are often quite difficult because they may have unique features and different levels of quality and price.These types of product are seen by consumers to differ in quality,style,suitability,and lifestyle compatibility.What products are they?
A) heterogeneous shopping products
B) comparative convenience products
C) product equivalents
D) homogeneous shopping products
A) heterogeneous shopping products
B) comparative convenience products
C) product equivalents
D) homogeneous shopping products
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24
The most expensive refrigerator in the world is the Sub-Zero brand.Many consumers believe it to be the best brand made.For people who insist on having the best kitchen money can buy and will accept no less,the Sub-Zero refrigerator is an example of what kind of product?
A) heterogeneous shopping
B) specialty
C) convenience
D) exclusive
A) heterogeneous shopping
B) specialty
C) convenience
D) exclusive
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25
Which products are not known about or not actively searched for by consumers,and require aggressive personal selling and highly persuasive advertising?
A) unsought
B) shopping
C) specialty
D) hidden
A) unsought
B) shopping
C) specialty
D) hidden
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26
When deciding on distribution plans for specialty products,what do companies generally ensure?
A) that the items are made available only through the mail
B) that the items are distributed to a considerable number of stores in a geographic area
C) that the items are made available in a large number of stores in a geographic area
D) that the items are distributed to only a few stores in the geographic area
A) that the items are made available only through the mail
B) that the items are distributed to a considerable number of stores in a geographic area
C) that the items are made available in a large number of stores in a geographic area
D) that the items are distributed to only a few stores in the geographic area
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27
How is product mix width defined?
A) the number of different product categories found within an industry
B) the number of different product lines an organization offers for sale
C) the average number of products offered by the company
D) the average number of products within each product line in the company
A) the number of different product categories found within an industry
B) the number of different product lines an organization offers for sale
C) the average number of products offered by the company
D) the average number of products within each product line in the company
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28
When Ruby wanted new window treatments for her living room,she visited both Home Depot and Rona home-improvement stores,as well as three interior design stores before selecting drapes.If Ruby represents a typical window treatment buyer,what are drapes?
A) an operating supply good
B) an heterogeneous shopping good
C) a homogeneous luxury product
D) a shopping specialty good
A) an operating supply good
B) an heterogeneous shopping good
C) a homogeneous luxury product
D) a shopping specialty good
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29
Crystal decided to add bicycling accessories,such as shoes,backpacks,and cycle repair kits,to her exclusive bicycle retail shop.What is Crystal adjusting?
A) the quality modification
B) the width of her product mix
C) the scope of her product mix
D) the depth of her product mix
A) the quality modification
B) the width of her product mix
C) the scope of her product mix
D) the depth of her product mix
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30
Ocean Spray manufactures Cranberry Juice Cocktails.The addition of Light Cranberry Juice Cocktails is a way that Ocean Spray can expand which of the following?
A) its product mix width
B) its product mix depth
C) its product line width
D) its product line depth
A) its product mix width
B) its product mix depth
C) its product line width
D) its product line depth
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31
Norman was spending "quality time" with his grandson Danny who was eagerly reading the BMW automobile website featuring the 400 horsepower M3 model.Norman remarked that he would have no use for that kind of power and performance but "in his youth" things would have been different.As far as Danny's grandfather is concerned,what would a BMW M3 be?
A) an unsought good
B) a shopping good
C) a niche good
D) a specialty good
A) an unsought good
B) a shopping good
C) a niche good
D) a specialty good
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32
Irwin was initially excited about his new career sales rep position with Forever Memorials.He soon began to recognize,however,that his work was really cut out for him.Selling tombstones (memorials or monuments)was tough work.What category of product was Irwin selling?
A) shopping
B) unsought
C) specialty
D) convenience
A) shopping
B) unsought
C) specialty
D) convenience
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33
Craig had just received a promotion as product manager for a consumer goods manufacturer.To celebrate,he told Tracey that he was going to buy a bottle of Chateau Margeaux,an expensive red French wine,for them to share.After driving to two liquor outlets but not finding his Margeaux,Tracey suggested that they just buy a bottle of French champagne instead.But Craig insisted that they try a third store on the other side of the city.For Craig,what is Chateau Margeaux?
A) a specialty good
B) a homogeneous shopping good
C) an inconvenience good
D) a heterogeneous shopping good
A) a specialty good
B) a homogeneous shopping good
C) an inconvenience good
D) a heterogeneous shopping good
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34
Which of the following products are searched for extensively and may be quite expensive,substitutes are not acceptable,and distribution may be limited?
A) exclusive shopping
B) heterogeneous convenience
C) branded shopping
D) specialty
A) exclusive shopping
B) heterogeneous convenience
C) branded shopping
D) specialty
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35
Which of the following products is most likely to be considered an example of a heterogeneous shopping product?
A) a stapler
B) an off-campus apartment
C) a package of pencils
D) a flea collar
A) a stapler
B) an off-campus apartment
C) a package of pencils
D) a flea collar
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36
Typically,what are unsought products?
A) products that require little or no decision making by the buyer
B) products that consumers purchase when they see them in a convenient location
C) products that require only reminder advertising to be successful
D) products that consumers don't know about or don't actively look for
A) products that require little or no decision making by the buyer
B) products that consumers purchase when they see them in a convenient location
C) products that require only reminder advertising to be successful
D) products that consumers don't know about or don't actively look for
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37
Horace has wanted to purchase a Rolex watch ever since he saw his first one at age 18.He has done extensive research into the history of Rolex.Finally,at age 55,he has achieved the income level to be able to purchase one.For Horace,the Rolex watch is an example of what type of product?
A) unsought
B) specialty
C) business
D) consumer
A) unsought
B) specialty
C) business
D) consumer
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38
A product line is a group of products that are closely related because of which of the following?
A) The products are all sold under the same brand name.
B) The products all function in a similar manner and provide similar benefits.
C) The same company developed the idea for each product.
D) The products share the same product managers.
A) The products are all sold under the same brand name.
B) The products all function in a similar manner and provide similar benefits.
C) The same company developed the idea for each product.
D) The products share the same product managers.
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39
The large variety of frozen dinners marketed by Stouffer is an example of which of the following for Stouffer?
A) a product mix
B) a product line
C) a marketing mix
D) a mix consistency
A) a product mix
B) a product line
C) a marketing mix
D) a mix consistency
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40
Genette's daughter often suffers from earaches and must take an antibiotic.Genette hates the fact the antibiotic prescribed must be taken for 10 days and has an unpleasant taste.Genette does not know that she can ask her doctor for a new antibiotic called Zithromax that works when taken for only five days and that has a pleasant cherry flavour.For Genette,what type of product is Zithromax because she doesn't know it exists?
A) convenience
B) heterogeneous shopping
C) unsought
D) exclusive
A) convenience
B) heterogeneous shopping
C) unsought
D) exclusive
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41
One of the leading manufacturers of choir robes has added a fire retardant chemical to the fabric it uses in making the robes.The company has not changed its prices.What type of modification is this?
A) functional
B) quality
C) upward extension
D) repositioning
A) functional
B) quality
C) upward extension
D) repositioning
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42
The liquor industry is attempting to revive the stagnant spirits industry by introducing low-alcohol cocktails such as Jack Daniel's Country Cocktails,Smirnoff Quenchers,and Southern Comfort Cocktails.What is the strategy behind these new product introductions?
A) product item contractions
B) product portfolio width adjustments
C) portfolio breadth expansions
D) product line extensions
A) product item contractions
B) product portfolio width adjustments
C) portfolio breadth expansions
D) product line extensions
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43
According to the text,what motivates firms to reposition established brands?
A) an allocation of a disproportionate amount of resources
B) growth of discretionary income
C) changing demographics
D) changes in technological environments
A) an allocation of a disproportionate amount of resources
B) growth of discretionary income
C) changing demographics
D) changes in technological environments
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44
Which of the following commonly occurs soon after style modification?
A) marketing innovation
B) planned obsolescence
C) implied repositioning
D) planned functionality
A) marketing innovation
B) planned obsolescence
C) implied repositioning
D) planned functionality
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45
Which of the following is an example of a product modification?
A) changing the amount of management time spent overseeing production
B) changing the colour of a laundry detergent
C) increasing the number of distribution outlets
D) dropping a product from the product line
A) changing the amount of management time spent overseeing production
B) changing the colour of a laundry detergent
C) increasing the number of distribution outlets
D) dropping a product from the product line
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46
What is a style modification?
A) a safety improvement
B) an aesthetic product change
C) a change in the product's durability or dependability
D) an improvement in product versatility and effectiveness
A) a safety improvement
B) an aesthetic product change
C) a change in the product's durability or dependability
D) an improvement in product versatility and effectiveness
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47
What is the most likely reason that Jell-O stopped making celery-flavoured gelatin?
A) The brand lacked brand equity.
B) The product's identity could not be trademarked.
C) The product did not create significant cognitive dissonance.
D) The product was not contributing to the manufacturer's profits.
A) The brand lacked brand equity.
B) The product's identity could not be trademarked.
C) The product did not create significant cognitive dissonance.
D) The product was not contributing to the manufacturer's profits.
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48
According to the text,which of the following statements about planned obsolescence is true?
A) Marketers may make quality,safety,and functional modifications to existing products to incorporate planned obsolescence into their marketing plans.
B) Planned obsolescence describes the practice of causing products to become obsolete before they actually need replacement.
C) Consumers do not like style modifications because they dislike changes in the appearance of goods such as clothing and cars.
D) Opponents of planned obsolescence argue that the practice is environmentally friendly.
A) Marketers may make quality,safety,and functional modifications to existing products to incorporate planned obsolescence into their marketing plans.
B) Planned obsolescence describes the practice of causing products to become obsolete before they actually need replacement.
C) Consumers do not like style modifications because they dislike changes in the appearance of goods such as clothing and cars.
D) Opponents of planned obsolescence argue that the practice is environmentally friendly.
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49
Joseph Confectionery has decided to start marketing a line of Christian-oriented candy under the Testamint brand name.The candy maker is optimistic about establishing a brand in the marketplace and has high hopes of its success.As a marketing consultant,you inform the candy maker that branding can do all of the following EXCEPT which one?
A) possibly yield a larger market share
B) aid in positioning
C) encourage consumer repeat purchasing
D) ensure a higher margin of profit
A) possibly yield a larger market share
B) aid in positioning
C) encourage consumer repeat purchasing
D) ensure a higher margin of profit
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50
A regional utility company needs to change consumers' perceptions of its current service as being harmful to the environment.Which of the following strategies would best allow the company to accomplish this goal?
A) use of product cannibalization
B) repositioning
C) contraction of number of services offered by the utility company
D) adding new services to its product line
A) use of product cannibalization
B) repositioning
C) contraction of number of services offered by the utility company
D) adding new services to its product line
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51
Hellman's is a brand name owned by Unilever.It is most often recognized as a brand of mayonnaise.When Unilever introduced Hellman's honey mustard,it was an example of what type of strategy?
A) repositioning
B) demarketing
C) product line extension
D) cannibalization
A) repositioning
B) demarketing
C) product line extension
D) cannibalization
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52
What is the symbol in a brand that cannot be spoken?
A) quality mark
B) brand equity
C) intangible product
D) brand mark
A) quality mark
B) brand equity
C) intangible product
D) brand mark
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53
Meaty Bones dog biscuit recently advertised that its treats are now bigger and would last longer than previously.The maker of Meaty Bones has made what type of modification in its product?
A) implied
B) functional
C) adaptive
D) aesthetic
A) implied
B) functional
C) adaptive
D) aesthetic
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54
Unilever makes four different brands of ice cream (Magnum,Solero,Ben & Jerry's,and Breyers).What is this an example of?
A) Unilever's product line width
B) Unilever's product mix inconsistency
C) Unilever's product mix
D) Unilever's product line depth
A) Unilever's product line width
B) Unilever's product mix inconsistency
C) Unilever's product mix
D) Unilever's product line depth
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55
Axe is a brand of body deodorant spray.The product's manufacturer has recently introduced Axe shower gel products.Axe shower gel products are examples of the implementation of what type of strategy?
A) portfolio breadth expansion
B) product line extension
C) product portfolio width adjustment
D) repositioned marketing mix
A) portfolio breadth expansion
B) product line extension
C) product portfolio width adjustment
D) repositioned marketing mix
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56
According to the text,which of the following statements about planned obsolescence is true?
A) Style modification creates planned obsolescence.
B) Planned obsolescence is not an ethical issue.
C) A company that is interested in producing a quality product would never engage in planned obsolescence.
D) Environmentalists support planned obsolescence.
A) Style modification creates planned obsolescence.
B) Planned obsolescence is not an ethical issue.
C) A company that is interested in producing a quality product would never engage in planned obsolescence.
D) Environmentalists support planned obsolescence.
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57
Which of the following is the part of the brand that can be spoken?
A) brand equity
B) service mark
C) brand name
D) trademark
A) brand equity
B) service mark
C) brand name
D) trademark
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58
The leader in the industry of sports entertainment is World Wrestling Entertainment (formerly known as the World Wrestling Federation).When it opened a nightclub in New York City and partnered with Microsoft to create Xbox video game consoles,what did World Wrestling Entertainment expand?
A) its product mix depth
B) its product mix width
C) its product line consistency
D) its product line depth
A) its product mix depth
B) its product mix width
C) its product line consistency
D) its product line depth
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59
A go-cart manufacturer recently added shock absorbers to make the ride in its go-carts smoother.It has not changed its prices.What type of modification is this?
A) repositioning
B) quality
C) style
D) upsale
A) repositioning
B) quality
C) style
D) upsale
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60
For years,many people thought plastic wrap was almost impossible to use and refused to buy the product.The manufacturer of Saran plastic wrap has spent many advertising dollars advising customers on how to eliminate the problems associated with the use of plastic wrap.What has this manufacturer engaged in?
A) diversification
B) product mix expansion
C) repositioning
D) product line expansion
A) diversification
B) product mix expansion
C) repositioning
D) product line expansion
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Unlock for access to all 185 flashcards in this deck.
Unlock Deck
k this deck
61
In selecting a good brand name,which of the following are desirable?
A) names that suggest low price
B) names that suggest something about the customer
C) names that are creative
D) names that are easy to translate into other languages
A) names that suggest low price
B) names that suggest something about the customer
C) names that are creative
D) names that are easy to translate into other languages
Unlock Deck
Unlock for access to all 185 flashcards in this deck.
Unlock Deck
k this deck
62
Unilever markets offers brands such as Rama margarine,Rexona deodorant,I Can't Believe It's Not Butter spread,and Axe shower gels.Unilever appears to be using which type of branding strategy?
A) individual
B) family
C) equity
D) private
A) individual
B) family
C) equity
D) private
Unlock Deck
Unlock for access to all 185 flashcards in this deck.
Unlock Deck
k this deck
63
Procter & Gamble makes Camay soap for people concerned with soft skins and Safeguard for those who want deodorant protection.What type of strategy is Procter & Gamble using?
A) combination branding
B) individual branding
C) trademarked branding
D) private branding
A) combination branding
B) individual branding
C) trademarked branding
D) private branding
Unlock Deck
Unlock for access to all 185 flashcards in this deck.
Unlock Deck
k this deck
64
Websites for manufacturers such as General Electric,Toyota,and Benjamin Moore paint can provide these businesses with a nontraditional way to do which of the following?
A) help their product brand names become generic
B) avoid income taxes on international sales
C) get away with deceptive market practices because the web is not regulated
D) generate brand awareness
A) help their product brand names become generic
B) avoid income taxes on international sales
C) get away with deceptive market practices because the web is not regulated
D) generate brand awareness
Unlock Deck
Unlock for access to all 185 flashcards in this deck.
Unlock Deck
k this deck
65
BMW cars have a strong reputation for high quality,superior performance,and high resale value.What can BMW be said to have?
A) strong brand endurance
B) strong brand performance
C) strong brand engineering
D) strong brand equity
A) strong brand endurance
B) strong brand performance
C) strong brand engineering
D) strong brand equity
Unlock Deck
Unlock for access to all 185 flashcards in this deck.
Unlock Deck
k this deck
66
Which of the following BEST describes brand loyalty?
A) It can encourage competition.
B) It can help ensure repeat sales.
C) It can increase product diffusion.
D) It can shorten the amount of time a product spends in the maturity stage.
A) It can encourage competition.
B) It can help ensure repeat sales.
C) It can increase product diffusion.
D) It can shorten the amount of time a product spends in the maturity stage.
Unlock Deck
Unlock for access to all 185 flashcards in this deck.
Unlock Deck
k this deck
67
A consumer who consistently and repeatedly purchases the same brand is said to have which of the following?
A) brand loyalty
B) store loyalty
C) product loyalty
D) product repetition
A) brand loyalty
B) store loyalty
C) product loyalty
D) product repetition
Unlock Deck
Unlock for access to all 185 flashcards in this deck.
Unlock Deck
k this deck
68
Walmart sells canned drinks under the brand name Sam's Choice.This is an example of what type of brand?
A) family
B) manufacturer's
C) corporate
D) private
A) family
B) manufacturer's
C) corporate
D) private
Unlock Deck
Unlock for access to all 185 flashcards in this deck.
Unlock Deck
k this deck
69
Rollerblades is a brand name for in-line skates.People often refer to Rollerblades as if it were the product name.The company that makes Rollerblades may someday find its brand name becomes which of the following?
A) an equity brand
B) a certified name
C) a generic product name
D) a trademark
A) an equity brand
B) a certified name
C) a generic product name
D) a trademark
Unlock Deck
Unlock for access to all 185 flashcards in this deck.
Unlock Deck
k this deck
70
President's Choice Chocolate Chip Cookies are manufactured specifically for sale in Loblaws and sister retailer stores.President's Choice Cookies are an example of which of the following?
A) private brand
B) family brand
C) manufacturer's brand
D) generic brand
A) private brand
B) family brand
C) manufacturer's brand
D) generic brand
Unlock Deck
Unlock for access to all 185 flashcards in this deck.
Unlock Deck
k this deck
71
What refers to brands where at least 20 percent of the product is sold outside the home country?
A) master brand
B) equity brand name
C) ethnocentric trademark
D) global brand
A) master brand
B) equity brand name
C) ethnocentric trademark
D) global brand
Unlock Deck
Unlock for access to all 185 flashcards in this deck.
Unlock Deck
k this deck
72
Because of who owns them,the brand names of producers such as Kellogg's,Sherwin Williams,Harley-Davidson,and Ocean Spray are called which of the following?
A) manufacturers' brands
B) master brands
C) individual brands
D) family brands
A) manufacturers' brands
B) master brands
C) individual brands
D) family brands
Unlock Deck
Unlock for access to all 185 flashcards in this deck.
Unlock Deck
k this deck
73
Which of the following is a legal term indicating the owner's exclusive right to use a brand name or other identifying mark?
A) patent
B) trademark
C) private brand
D) brand
A) patent
B) trademark
C) private brand
D) brand
Unlock Deck
Unlock for access to all 185 flashcards in this deck.
Unlock Deck
k this deck
74
Coca-Cola is the best known brand name in the world.The name has a high perceived quality and high brand loyalty among soft drink users.The company has developed the brand name for over 100 years.Which of the following does Coca-Cola have?
A) a valuable brand quality standard
B) a valuable brand loyalty hierarchy
C) a valuable evoked set
D) a valuable brand equity
A) a valuable brand quality standard
B) a valuable brand loyalty hierarchy
C) a valuable evoked set
D) a valuable brand equity
Unlock Deck
Unlock for access to all 185 flashcards in this deck.
Unlock Deck
k this deck
75
Which of the following statements describes an advantage to retailers associated with developing their own brands?
A) Higher gross margins are available on private brands.
B) Dealers often buy in large quantities and thus always have a ready supply.
C) Private brands are normally delivered more promptly by the manufacturer.
D) Private brands,particularly those owned by discounters,are perceived to be of higher quality.
A) Higher gross margins are available on private brands.
B) Dealers often buy in large quantities and thus always have a ready supply.
C) Private brands are normally delivered more promptly by the manufacturer.
D) Private brands,particularly those owned by discounters,are perceived to be of higher quality.
Unlock Deck
Unlock for access to all 185 flashcards in this deck.
Unlock Deck
k this deck
76
Kmart markets Route 66 brand clothing in its stores.Kmart stores are the only places where this brand is sold at the retail level.This is an example of what type of brand?
A) family
B) manufacturer's
C) private
D) master
A) family
B) manufacturer's
C) private
D) master
Unlock Deck
Unlock for access to all 185 flashcards in this deck.
Unlock Deck
k this deck
77
A small chain of supermarkets in Manitoba sells only manufacturers' brands.According to the text,which of the following is the BEST argument to dissuade the supermarket chain owner from selling only manufacturers' brands?
A) Relying on the manufacturer or wholesaler to deliver a national brand quickly is optimistic at best.
B) Manufacturers typically offer a lower gross margin than could be earned on private-label brands.
C) A well-known manufacturer's brand will not enhance the chain's image.
D) Manufacturers rarely spend money advertising the brand name to consumers.
A) Relying on the manufacturer or wholesaler to deliver a national brand quickly is optimistic at best.
B) Manufacturers typically offer a lower gross margin than could be earned on private-label brands.
C) A well-known manufacturer's brand will not enhance the chain's image.
D) Manufacturers rarely spend money advertising the brand name to consumers.
Unlock Deck
Unlock for access to all 185 flashcards in this deck.
Unlock Deck
k this deck
78
A Toronto diamond distributor has developed the first branded diamond called Hearts on Fire to help smaller retailers counter the volume jewellers' aggressive price discounting.What is this move meant to do?
A) create a catchy phrase to promote diamonds
B) combat the quality appeal of generic products
C) combat low-cost production of generic brands
D) build product identity and customer loyalty
A) create a catchy phrase to promote diamonds
B) combat the quality appeal of generic products
C) combat low-cost production of generic brands
D) build product identity and customer loyalty
Unlock Deck
Unlock for access to all 185 flashcards in this deck.
Unlock Deck
k this deck
79
What happens when two or more established brand names of different companies are used on the same product?
A) cobranding
B) cannibalization
C) brand extension
D) family branding
A) cobranding
B) cannibalization
C) brand extension
D) family branding
Unlock Deck
Unlock for access to all 185 flashcards in this deck.
Unlock Deck
k this deck
80
Rosa's husband,Phil,has a cold.Rosa went to the store to buy something that would help Phil sleep.Rosa purchased Breathe Right nasal strips embedded with Vicks mentholated vapour rub.The package showed both the Breathe Right and the Vicks brand names.What type of branding is this?
A) equity
B) functional
C) ingredient
D) family
A) equity
B) functional
C) ingredient
D) family
Unlock Deck
Unlock for access to all 185 flashcards in this deck.
Unlock Deck
k this deck