Deck 10: Crafting the Brand Positioning

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Question
A brownie mix might claim to taste great and support this claim by including high-quality ingredients or by showing users delighting in its consumption,thereby communicating its membership of the baked desserts category through ________.

A)announcing category benefits
B)comparing to exemplars
C)relying on the product descriptor
D)communicating deliverability variables
E)identifying counterexamples
Use Space or
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Question
Which of the following desirability criteria asks a question such as "Is the positioning preemptive,defensible,and difficult to attack?" when determining a POD (point-of-difference)?

A)feasibility
B)communicability
C)sustainability
D)knowledgeable
E)value orientation
Question
There are three main ways to convey a brand's category membership: announcing category benefits,________,and relying on the product descriptor.

A)overt publicity
B)industry trade press
C)buzz marketing
D)preference positions
E)comparing to exemplars
Question
As part of the strategic brand management process,each company and offering must represent a distinctive ________ in the mind of the target market.

A)promotion
B)cell
C)big idea
D)ad
E)organizational concept
Question
Points-of-parity are driven by the needs of category membership and ________.

A)loyalty
B)large margins
C)guaranteed profits
D)the necessity of negating competitors' PODs (points-of-difference)
E)the creation of PODs (points-of-difference)
Question
There are at least three key consumer desirability criteria for PODs (points-of-difference): relevance,distinctiveness,and ________.

A)believability
B)presentation style
C)economy
D)nontechnological
E)information content
Question
________ are associations that are not necessarily unique to the brand but may in fact be shared with other brands.

A)Points-of-parity
B)Points-of-difference
C)Brand cells
D)Brand positions
E)Points of competitive field
Question
________ is the act of designing the company's offering and image to occupy a distinctive place in the minds of the target market.

A)Positioning
B)Product conceptualization
C)Promotion presentation
D)Performance imaging
E)Preproduct launching
Question
Marketers must decide at which level to anchor the brand's points-of-differences.At the lowest level are ________.For example,Dove soap can talk about the fact that it is one-quarter cleansing cream.

A)brand values
B)brand attributes
C)brand benefits
D)brand specifications
E)brand partitions
Question
One common difficulty in creating a strong,competitive brand positioning is that many of the attributes or benefits that make up the points-of-parity and points-of-difference are ________.

A)negatively correlated
B)positive correlated
C)neither positive nor negatively correlated
D)inversely correlated
E)unable to be correlated
Question
When BMW created ________ with its "luxury and performance" approach,it was able to maximize both attributes and benefits.

A)its core identity
B)a core competency
C)deliverability criteria
D)a straddle position
E)competitive parity
Question
________ are typically the least desirable level to position a brand's points-of-difference,in part because competitors can easily copy them.

A)Benefits
B)Attitudes
C)Values
D)Attributes
E)Messages
Question
The result of positioning is the successful creation of ________,a cogent reason why the target market should buy the product.

A)an award winning promotional campaign
B)a customer-focused value proposition
C)a demand channel
D)everyday low pricing
E)strategic window of opportunity
Question
Which of the following best describes Volvo's value proposition?

A)We charge a 20% premium on our cars.
B)We target safety-conscious "upscale" families.
C)We sell the safest,most durable wagon in which your family can ride.
D)We make cars.
E)None of the above is a value proposition.
Question
To achieve a point-of-parity (POP)on a particular attribute or benefit,a sufficient number of consumers must believe that the brand is "________" on that dimension.

A)most excellent
B)neutral
C)marginal
D)good enough
E)service based
Question
A starting point in defining a competitive frame of reference for a brand positioning is to determine ________-the products or sets of products with which a brand competes and which function as close substitutes.

A)functional membership
B)competitive field
C)category membership
D)value membership
E)demand field
Question
All marketing strategy is built on STP-segmentation,targeting,and ________.

A)positioning
B)product
C)planning
D)promotion
E)performance
Question
Which of the following terms is most closely associated with the following statement: "attributes or benefits consumers strongly associate with a brand,positively evaluate,and believe that they could not find to the same extent with a competitive brand"?

A)Brand image
B)Points-of-difference
C)Points-of-parity
D)Points of value
E)Brand concept
Question
All of the following would be considered to be among examples of negatively correlated attributes and benefits EXCEPT ________.

A)low price versus high quality
B)taste versus low calories
C)supply versus demand
D)powerful versus safe
E)nutritious versus good tasting
Question
The preferred approach to positioning is to inform consumers of a brand's membership before stating its ________.

A)point-of-parity
B)point-of-difference
C)point of conflict
D)point of weakness
E)point of reference
Question
When Mel chose his new home,he picked a Cape Cod design.Cape Cod is best described as a(n)________ in home design.

A)style
B)fashion
C)fad
D)ideation
E)technological
Question
The primary explanation for Marlboro's extraordinary worldwide market share is that Marlboro's "macho cowboy" persona has struck a responsive chord with much of the cigarette-smoking public.This is an example of ________.

A)personnel differentiation
B)channel differentiation
C)position differentiation
D)maturity differentiation
E)image differentiation
Question
According to the illustrations describing the product life cycle,during which stage of the cycle is there a strong likelihood that negative profits will be the norm?

A)Introduction
B)Growth
C)Maturity
D)Decline
E)Abandonment
Question
Tellis and Golder identified five factors as underpinning long-term market leadership.Which of the following is NOT one of those factors?

A)Vision of mass market
B)Persistence
C)Slash-and-burn tactics
D)Relentless innovation
E)Asset leverage
Question
According to the general bell-shaped curve used to illustrate the product life cycle,which of the following stages is generally seen when the sales curve is at its peak?

A)Introduction
B)Growth
C)Maturity
D)Decline
E)Abandonment
Question
Which of the following common product life-cycle patterns would be characterized as being one where sales grow rapidly when the product is first introduced and then fall to a "petrified" level that is sustained by late adopters buying the product for the first time and early adopters replacing the product?

A)Cycle-recycle pattern
B)Scalloped pattern
C)Growth-slump-maturity pattern
D)Reverse-cycle pattern
E)Inverse-cycle pattern
Question
The four stages of the product life cycle include all of the following EXCEPT ________.

A)decline
B)learning
C)maturity
D)introduction
E)growth
Question
________ do not normally survive (as a special category product life cycle)because they do not normally satisfy a strong need.

A)Styles
B)Fashions
C)Fads
D)Intra-brands
E)Trends
Question
A product such as nylon (e.g. ,numerous uses-parachutes,hosiery,shirts,carpeting,et cetera)has been characterized as having a ________ pattern to its product lifecycle.

A)growth-slump-maturity
B)scalloped
C)cycle-recycle
D)triangular
E)fad
Question
________ is a company's ability to perform in one or more ways that competitors cannot or will not match.

A)Positioning
B)Deliverability
C)Competitive advantage
D)Distribution
E)Differentiation
Question
Most studies indicate,with respect to the product life cycle in its introductory stage,that the ________ gains the greatest advantage.

A)market pioneer
B)market nicher
C)market reverser
D)market follower
E)market challenger
Question
The obvious means of differentiation,and often most compelling ones to consumers,relate to aspects of the ________.

A)price
B)distribution process
C)promotions
D)product and service
E)sales team responsible for the product or service
Question
A ________ is one that a company can use as a springboard to new advantages.

A)customer advantage
B)leverageable advantage
C)real advantage
D)realized advantage
E)distinct advantage
Question
The ________ stage of the product life cycle is a period of rapid market acceptance and substantial profit improvement.

A)introduction
B)growth
C)maturity
D)saturation
E)decline
Question
To say that a product has a life cycle is to assert all of the following EXCEPT ________.

A)products have a limited life
B)product sales pass through distinct stages,each posing different challenges,opportunities,and problems to the seller
C)products all basically exhibit cycle-recycle growth patterns
D)profits rise and fall at different stages of the product life cycle
E)products require different marketing,financial,manufacturing,purchasing,and human resource strategies in each life-cycle stage
Question
Which of the following product life-cycle stages would be appropriately described as being one where firms focus mainly on buyers from higher-income groups and prices tend to be high because costs are high?

A)Introduction stage
B)Growth stage
C)Maturity stage
D)Saturation stage
E)Decline stage
Question
Which of the following product life cycle stages is characterized as being one where a rapid climb in sales occurs,new product features are introduced by new competitors,and distribution is expanded?

A)Prepioneering
B)Introduction
C)Saturation
D)Growth
E)Maturity
Question
For a point-of-difference to possess ________,target consumers must find it unique and superior.

A)distinctiveness
B)communicability
C)relevance
D)believability
E)feasibility
Question
All of the following strategies have been suggested as proper for sustaining rapid market growth during the growth stage of the product life cycle EXCEPT ________.

A)improving product quality and adding new product features and improved styling
B)entering into new market segments
C)lowering prices to attract the next layer of price-sensitive buyers
D)shifting from product-awareness advertising to product-preference advertising
E)moving to sue all new entrants into the marketplace
Question
In a positioning statement,the case for the product rests on its ________.

A)product category
B)points-of-difference
C)target consumer
D)consumer need
E)brand
Question
A company might try to expand the market for its mature brand by working with the two factors that make up sales volume.Volume equals (=)________.

A)supply times (X)demand
B)number of brand users times (X)amount of money spent on each purchase
C)number of brand users times (X)usage rate per user
D)price level of the product times (X)the number of items purchased
E)price level of the product times (X)the number in the market segment selected for targeting
Question
During the ________ phase of market evolution,if a new product sells well,new firms enter the market.

A)induction
B)emergence
C)growth
D)maturity
E)decline
Question
Marketing programs can be modified to stimulate sales.Which of the following forms of marketing program modification might seek to speed delivery or extend more credit?

A)Pricing
B)Distribution
C)Advertising
D)Personal selling
E)Services
Question
Francis Kelly and Barry Silverstein define a ________ as one that stands out,not just in its own product category but from all other brands,and that achieves significant results in the marketplace.

A)point-of-difference
B)breakaway brand
C)point-of-parity
D)negatively correlated brand attribute
E)fragmented market
Question
Managers try to stimulate sales by modifying the product's characteristics.Which of these modifications has as its aim to increase the product's functional performance?

A)Feature improvement
B)Style improvement
C)Fashion improvement
D)Packaging improvement
E)Quality improvement
Question
Which of the following stages of the product life cycle (PLC)is characterized as being one where there are low sales,high cost per customer,negative profits,and few competitors?

A)Introduction
B)Growth
C)Maturity
D)Decline
E)Abandonment
Question
When Vlasic created a cucumber 10 times larger than the traditional pickle cucumber (e.g. ,Hamburger Stackers),it used ________ as a means of modifying its product so additional customers might be attracted to the brand.

A)quality improvement
B)feature improvement
C)style improvement
D)packaging improvement
E)idea improvement
Question
If an organization chooses "harvesting" as a decline stage PLC strategy,the first step in using such a strategy would likely be to ________.

A)rejuvenate the brand or product
B)cut R&D costs and plant and equipment investment
C)cut all promotional expenses
D)cancel distribution contracts
E)require that all distributors reduce inventory of older models of the product
Question
Market fragmentation in the market evolution process is often followed by ________ caused by the emergence of a new attribute that has strong appeal.

A)a market consolidation
B)a market dissolution
C)a market expansion
D)a market abandonment
E)a market harvesting
Question
When Campbell's soups began advertising its soups as excellent snacks,it was using which of the following volume-oriented brand usage strategies?

A)Use the product on more occasions.
B)Use more of the product on each occasion.
C)Use the product in new ways.
D)Use improved quality to attract new users.
E)Use the product in older,more traditional ways.
Question
When sales peak,there is a low cost per customer,profits are high,and the marketing manager attempts to maximize profit while defending market share,the product is most likely in the ________ stage of the product life cycle (PLC).

A)introduction
B)prepioneering
C)growth
D)maturity
E)decline
Question
If an entrepreneur discovers that her firm's market is one of diffused preferences,she can use a ________ to expand sales while keeping costs low.

A)mass-market strategy
B)multiple-niche strategy
C)bipolar design strategy
D)standardized niche strategy
E)single-niche strategy
Question
As market growth slows during the maturity stage of market evolution,the market splits into finer segments and high ________ occurs.

A)market ideation
B)market consolidation
C)market fragmentation
D)market deflation
E)market escalation
Question
During which of the following stages of the product life cycle (PLC)would we expect a marketing manager to pursue a marketing objective of maximizing market share?

A)Introduction
B)Growth
C)Maturity
D)Decline
E)Abandonment
Question
The maturity stage of the product life cycle can be divided into three distinct phases.If the absolute level of sales starts to decline and customers begin switching to other products,the product is most likely in the ________ phase of the maturity stage.

A)growth
B)decaying maturity
C)stable
D)competitive vulnerability
E)abandonment
Question
In the decline phase of the product life cycle,if a firm "milks" the firm's investment to recover cash quickly,it is using a strategy called ________.

A)positioning
B)reverse engineering
C)psychological divestment
D)harvesting
E)abandonment
Question
Today,most products are in the ________ of the life cycle,and most marketing managers must cope with the problems and challenges of this stage.

A)prepioneering stage
B)introduction stage
C)growth stage
D)maturity stage
E)decline stage
Question
Markets are similar to products with respect to life-cycle concepts.All of the following are considered to be stages that markets pass through in market evolution EXCEPT ________.

A)emergence
B)growth
C)decline
D)maturity
E)destruction
Question
A manufacturer of calculators finds that there is an even split between customers who want small handheld calculators and those that want large ones.This type of market,in which buyer preferences scatter evenly,is called a(n)________ market.

A)emerging
B)mass market
C)diffused-preference
D)niche
E)standardized
Question
Which of the following is a popular criticism of product life-cycle theory?

A)It is too costly to implement.
B)It has few actual examples that can be benchmarked.
C)It works only in the U.S.market.
D)Life-cycle patterns are too variable in shape and duration.
E)Stages often follow fad trends.
Question
Brands can differentiate their products only on real,relevant attributes.
Question
One of the assertions of saying that a product has a life cycle is to recognize that products have a limited life.
Question
Customers must see any competitive advantage as a customer advantage.
Question
Category membership is seen as the products or sets of products with which a brand competes and which function as close substitutes.
Question
Points-of-parity are attributes or benefits consumers strongly associate with a brand,positively evaluate,and believe that they could not find to the same extent with a competitive brand.
Question
Consumers are typically content to accept the trade-offs inherent in negatively correlated attributes or benefits.
Question
Category points-of-parity may change over time due to technological advances,legal developments,or consumer trends.
Question
Once a company has identified a brand's category membership,consumers do not question the validity of that brand's membership of the category.
Question
A good illustration of negatively correlated attributes or benefits is good tasting versus bad tasting.
Question
In the product life cycle,growth is a stage of rapid market acceptance and substantial profit improvement.
Question
There are three consumer desirability criteria for PODs (points-of-difference): price,value,and respectability.
Question
Points-of-parity come in two basic forms: category and competitive.
Question
Most product life cycles are portrayed as a scalloped shaped curve.
Question
The preferred approach to positioning is to inform consumers of a brand's membership before stating its point-of-difference.
Question
Associations that make up points-of-difference are based exclusively on product features.
Question
If Barry compares his organization's products to those of leaders in the field,then he is conveying category membership by "comparing to exemplars".
Question
The obvious means of differentiation,and often most compelling to consumers,relate to aspects of the product and service.
Question
Companies cannot achieve differentiation by differentiating their channels,as this is not the purpose of a distribution channel.
Question
Positioning is the act of designing the company's offering and image to occupy a distinctive place in the minds of the target market.
Question
A firm must be sufficiently committed and willing to devote enough resources to create an enduring positioning for its points-of-difference to be considered deliverable.
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Deck 10: Crafting the Brand Positioning
1
A brownie mix might claim to taste great and support this claim by including high-quality ingredients or by showing users delighting in its consumption,thereby communicating its membership of the baked desserts category through ________.

A)announcing category benefits
B)comparing to exemplars
C)relying on the product descriptor
D)communicating deliverability variables
E)identifying counterexamples
A
2
Which of the following desirability criteria asks a question such as "Is the positioning preemptive,defensible,and difficult to attack?" when determining a POD (point-of-difference)?

A)feasibility
B)communicability
C)sustainability
D)knowledgeable
E)value orientation
C
3
There are three main ways to convey a brand's category membership: announcing category benefits,________,and relying on the product descriptor.

A)overt publicity
B)industry trade press
C)buzz marketing
D)preference positions
E)comparing to exemplars
E
4
As part of the strategic brand management process,each company and offering must represent a distinctive ________ in the mind of the target market.

A)promotion
B)cell
C)big idea
D)ad
E)organizational concept
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
5
Points-of-parity are driven by the needs of category membership and ________.

A)loyalty
B)large margins
C)guaranteed profits
D)the necessity of negating competitors' PODs (points-of-difference)
E)the creation of PODs (points-of-difference)
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
6
There are at least three key consumer desirability criteria for PODs (points-of-difference): relevance,distinctiveness,and ________.

A)believability
B)presentation style
C)economy
D)nontechnological
E)information content
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
7
________ are associations that are not necessarily unique to the brand but may in fact be shared with other brands.

A)Points-of-parity
B)Points-of-difference
C)Brand cells
D)Brand positions
E)Points of competitive field
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
8
________ is the act of designing the company's offering and image to occupy a distinctive place in the minds of the target market.

A)Positioning
B)Product conceptualization
C)Promotion presentation
D)Performance imaging
E)Preproduct launching
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
9
Marketers must decide at which level to anchor the brand's points-of-differences.At the lowest level are ________.For example,Dove soap can talk about the fact that it is one-quarter cleansing cream.

A)brand values
B)brand attributes
C)brand benefits
D)brand specifications
E)brand partitions
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
10
One common difficulty in creating a strong,competitive brand positioning is that many of the attributes or benefits that make up the points-of-parity and points-of-difference are ________.

A)negatively correlated
B)positive correlated
C)neither positive nor negatively correlated
D)inversely correlated
E)unable to be correlated
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
11
When BMW created ________ with its "luxury and performance" approach,it was able to maximize both attributes and benefits.

A)its core identity
B)a core competency
C)deliverability criteria
D)a straddle position
E)competitive parity
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
12
________ are typically the least desirable level to position a brand's points-of-difference,in part because competitors can easily copy them.

A)Benefits
B)Attitudes
C)Values
D)Attributes
E)Messages
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
13
The result of positioning is the successful creation of ________,a cogent reason why the target market should buy the product.

A)an award winning promotional campaign
B)a customer-focused value proposition
C)a demand channel
D)everyday low pricing
E)strategic window of opportunity
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
14
Which of the following best describes Volvo's value proposition?

A)We charge a 20% premium on our cars.
B)We target safety-conscious "upscale" families.
C)We sell the safest,most durable wagon in which your family can ride.
D)We make cars.
E)None of the above is a value proposition.
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
15
To achieve a point-of-parity (POP)on a particular attribute or benefit,a sufficient number of consumers must believe that the brand is "________" on that dimension.

A)most excellent
B)neutral
C)marginal
D)good enough
E)service based
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
16
A starting point in defining a competitive frame of reference for a brand positioning is to determine ________-the products or sets of products with which a brand competes and which function as close substitutes.

A)functional membership
B)competitive field
C)category membership
D)value membership
E)demand field
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
17
All marketing strategy is built on STP-segmentation,targeting,and ________.

A)positioning
B)product
C)planning
D)promotion
E)performance
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
18
Which of the following terms is most closely associated with the following statement: "attributes or benefits consumers strongly associate with a brand,positively evaluate,and believe that they could not find to the same extent with a competitive brand"?

A)Brand image
B)Points-of-difference
C)Points-of-parity
D)Points of value
E)Brand concept
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
19
All of the following would be considered to be among examples of negatively correlated attributes and benefits EXCEPT ________.

A)low price versus high quality
B)taste versus low calories
C)supply versus demand
D)powerful versus safe
E)nutritious versus good tasting
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
20
The preferred approach to positioning is to inform consumers of a brand's membership before stating its ________.

A)point-of-parity
B)point-of-difference
C)point of conflict
D)point of weakness
E)point of reference
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
21
When Mel chose his new home,he picked a Cape Cod design.Cape Cod is best described as a(n)________ in home design.

A)style
B)fashion
C)fad
D)ideation
E)technological
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
22
The primary explanation for Marlboro's extraordinary worldwide market share is that Marlboro's "macho cowboy" persona has struck a responsive chord with much of the cigarette-smoking public.This is an example of ________.

A)personnel differentiation
B)channel differentiation
C)position differentiation
D)maturity differentiation
E)image differentiation
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
23
According to the illustrations describing the product life cycle,during which stage of the cycle is there a strong likelihood that negative profits will be the norm?

A)Introduction
B)Growth
C)Maturity
D)Decline
E)Abandonment
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
24
Tellis and Golder identified five factors as underpinning long-term market leadership.Which of the following is NOT one of those factors?

A)Vision of mass market
B)Persistence
C)Slash-and-burn tactics
D)Relentless innovation
E)Asset leverage
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
25
According to the general bell-shaped curve used to illustrate the product life cycle,which of the following stages is generally seen when the sales curve is at its peak?

A)Introduction
B)Growth
C)Maturity
D)Decline
E)Abandonment
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
26
Which of the following common product life-cycle patterns would be characterized as being one where sales grow rapidly when the product is first introduced and then fall to a "petrified" level that is sustained by late adopters buying the product for the first time and early adopters replacing the product?

A)Cycle-recycle pattern
B)Scalloped pattern
C)Growth-slump-maturity pattern
D)Reverse-cycle pattern
E)Inverse-cycle pattern
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
27
The four stages of the product life cycle include all of the following EXCEPT ________.

A)decline
B)learning
C)maturity
D)introduction
E)growth
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
28
________ do not normally survive (as a special category product life cycle)because they do not normally satisfy a strong need.

A)Styles
B)Fashions
C)Fads
D)Intra-brands
E)Trends
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
29
A product such as nylon (e.g. ,numerous uses-parachutes,hosiery,shirts,carpeting,et cetera)has been characterized as having a ________ pattern to its product lifecycle.

A)growth-slump-maturity
B)scalloped
C)cycle-recycle
D)triangular
E)fad
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
30
________ is a company's ability to perform in one or more ways that competitors cannot or will not match.

A)Positioning
B)Deliverability
C)Competitive advantage
D)Distribution
E)Differentiation
Unlock Deck
Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
31
Most studies indicate,with respect to the product life cycle in its introductory stage,that the ________ gains the greatest advantage.

A)market pioneer
B)market nicher
C)market reverser
D)market follower
E)market challenger
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32
The obvious means of differentiation,and often most compelling ones to consumers,relate to aspects of the ________.

A)price
B)distribution process
C)promotions
D)product and service
E)sales team responsible for the product or service
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33
A ________ is one that a company can use as a springboard to new advantages.

A)customer advantage
B)leverageable advantage
C)real advantage
D)realized advantage
E)distinct advantage
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34
The ________ stage of the product life cycle is a period of rapid market acceptance and substantial profit improvement.

A)introduction
B)growth
C)maturity
D)saturation
E)decline
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35
To say that a product has a life cycle is to assert all of the following EXCEPT ________.

A)products have a limited life
B)product sales pass through distinct stages,each posing different challenges,opportunities,and problems to the seller
C)products all basically exhibit cycle-recycle growth patterns
D)profits rise and fall at different stages of the product life cycle
E)products require different marketing,financial,manufacturing,purchasing,and human resource strategies in each life-cycle stage
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36
Which of the following product life-cycle stages would be appropriately described as being one where firms focus mainly on buyers from higher-income groups and prices tend to be high because costs are high?

A)Introduction stage
B)Growth stage
C)Maturity stage
D)Saturation stage
E)Decline stage
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k this deck
37
Which of the following product life cycle stages is characterized as being one where a rapid climb in sales occurs,new product features are introduced by new competitors,and distribution is expanded?

A)Prepioneering
B)Introduction
C)Saturation
D)Growth
E)Maturity
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k this deck
38
For a point-of-difference to possess ________,target consumers must find it unique and superior.

A)distinctiveness
B)communicability
C)relevance
D)believability
E)feasibility
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k this deck
39
All of the following strategies have been suggested as proper for sustaining rapid market growth during the growth stage of the product life cycle EXCEPT ________.

A)improving product quality and adding new product features and improved styling
B)entering into new market segments
C)lowering prices to attract the next layer of price-sensitive buyers
D)shifting from product-awareness advertising to product-preference advertising
E)moving to sue all new entrants into the marketplace
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k this deck
40
In a positioning statement,the case for the product rests on its ________.

A)product category
B)points-of-difference
C)target consumer
D)consumer need
E)brand
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k this deck
41
A company might try to expand the market for its mature brand by working with the two factors that make up sales volume.Volume equals (=)________.

A)supply times (X)demand
B)number of brand users times (X)amount of money spent on each purchase
C)number of brand users times (X)usage rate per user
D)price level of the product times (X)the number of items purchased
E)price level of the product times (X)the number in the market segment selected for targeting
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k this deck
42
During the ________ phase of market evolution,if a new product sells well,new firms enter the market.

A)induction
B)emergence
C)growth
D)maturity
E)decline
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43
Marketing programs can be modified to stimulate sales.Which of the following forms of marketing program modification might seek to speed delivery or extend more credit?

A)Pricing
B)Distribution
C)Advertising
D)Personal selling
E)Services
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k this deck
44
Francis Kelly and Barry Silverstein define a ________ as one that stands out,not just in its own product category but from all other brands,and that achieves significant results in the marketplace.

A)point-of-difference
B)breakaway brand
C)point-of-parity
D)negatively correlated brand attribute
E)fragmented market
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k this deck
45
Managers try to stimulate sales by modifying the product's characteristics.Which of these modifications has as its aim to increase the product's functional performance?

A)Feature improvement
B)Style improvement
C)Fashion improvement
D)Packaging improvement
E)Quality improvement
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k this deck
46
Which of the following stages of the product life cycle (PLC)is characterized as being one where there are low sales,high cost per customer,negative profits,and few competitors?

A)Introduction
B)Growth
C)Maturity
D)Decline
E)Abandonment
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k this deck
47
When Vlasic created a cucumber 10 times larger than the traditional pickle cucumber (e.g. ,Hamburger Stackers),it used ________ as a means of modifying its product so additional customers might be attracted to the brand.

A)quality improvement
B)feature improvement
C)style improvement
D)packaging improvement
E)idea improvement
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k this deck
48
If an organization chooses "harvesting" as a decline stage PLC strategy,the first step in using such a strategy would likely be to ________.

A)rejuvenate the brand or product
B)cut R&D costs and plant and equipment investment
C)cut all promotional expenses
D)cancel distribution contracts
E)require that all distributors reduce inventory of older models of the product
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k this deck
49
Market fragmentation in the market evolution process is often followed by ________ caused by the emergence of a new attribute that has strong appeal.

A)a market consolidation
B)a market dissolution
C)a market expansion
D)a market abandonment
E)a market harvesting
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k this deck
50
When Campbell's soups began advertising its soups as excellent snacks,it was using which of the following volume-oriented brand usage strategies?

A)Use the product on more occasions.
B)Use more of the product on each occasion.
C)Use the product in new ways.
D)Use improved quality to attract new users.
E)Use the product in older,more traditional ways.
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k this deck
51
When sales peak,there is a low cost per customer,profits are high,and the marketing manager attempts to maximize profit while defending market share,the product is most likely in the ________ stage of the product life cycle (PLC).

A)introduction
B)prepioneering
C)growth
D)maturity
E)decline
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k this deck
52
If an entrepreneur discovers that her firm's market is one of diffused preferences,she can use a ________ to expand sales while keeping costs low.

A)mass-market strategy
B)multiple-niche strategy
C)bipolar design strategy
D)standardized niche strategy
E)single-niche strategy
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53
As market growth slows during the maturity stage of market evolution,the market splits into finer segments and high ________ occurs.

A)market ideation
B)market consolidation
C)market fragmentation
D)market deflation
E)market escalation
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k this deck
54
During which of the following stages of the product life cycle (PLC)would we expect a marketing manager to pursue a marketing objective of maximizing market share?

A)Introduction
B)Growth
C)Maturity
D)Decline
E)Abandonment
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Unlock for access to all 150 flashcards in this deck.
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k this deck
55
The maturity stage of the product life cycle can be divided into three distinct phases.If the absolute level of sales starts to decline and customers begin switching to other products,the product is most likely in the ________ phase of the maturity stage.

A)growth
B)decaying maturity
C)stable
D)competitive vulnerability
E)abandonment
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k this deck
56
In the decline phase of the product life cycle,if a firm "milks" the firm's investment to recover cash quickly,it is using a strategy called ________.

A)positioning
B)reverse engineering
C)psychological divestment
D)harvesting
E)abandonment
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k this deck
57
Today,most products are in the ________ of the life cycle,and most marketing managers must cope with the problems and challenges of this stage.

A)prepioneering stage
B)introduction stage
C)growth stage
D)maturity stage
E)decline stage
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Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
58
Markets are similar to products with respect to life-cycle concepts.All of the following are considered to be stages that markets pass through in market evolution EXCEPT ________.

A)emergence
B)growth
C)decline
D)maturity
E)destruction
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Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
59
A manufacturer of calculators finds that there is an even split between customers who want small handheld calculators and those that want large ones.This type of market,in which buyer preferences scatter evenly,is called a(n)________ market.

A)emerging
B)mass market
C)diffused-preference
D)niche
E)standardized
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k this deck
60
Which of the following is a popular criticism of product life-cycle theory?

A)It is too costly to implement.
B)It has few actual examples that can be benchmarked.
C)It works only in the U.S.market.
D)Life-cycle patterns are too variable in shape and duration.
E)Stages often follow fad trends.
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k this deck
61
Brands can differentiate their products only on real,relevant attributes.
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62
One of the assertions of saying that a product has a life cycle is to recognize that products have a limited life.
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63
Customers must see any competitive advantage as a customer advantage.
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64
Category membership is seen as the products or sets of products with which a brand competes and which function as close substitutes.
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65
Points-of-parity are attributes or benefits consumers strongly associate with a brand,positively evaluate,and believe that they could not find to the same extent with a competitive brand.
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66
Consumers are typically content to accept the trade-offs inherent in negatively correlated attributes or benefits.
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67
Category points-of-parity may change over time due to technological advances,legal developments,or consumer trends.
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68
Once a company has identified a brand's category membership,consumers do not question the validity of that brand's membership of the category.
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69
A good illustration of negatively correlated attributes or benefits is good tasting versus bad tasting.
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70
In the product life cycle,growth is a stage of rapid market acceptance and substantial profit improvement.
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71
There are three consumer desirability criteria for PODs (points-of-difference): price,value,and respectability.
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72
Points-of-parity come in two basic forms: category and competitive.
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73
Most product life cycles are portrayed as a scalloped shaped curve.
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74
The preferred approach to positioning is to inform consumers of a brand's membership before stating its point-of-difference.
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75
Associations that make up points-of-difference are based exclusively on product features.
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76
If Barry compares his organization's products to those of leaders in the field,then he is conveying category membership by "comparing to exemplars".
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77
The obvious means of differentiation,and often most compelling to consumers,relate to aspects of the product and service.
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Unlock for access to all 150 flashcards in this deck.
Unlock Deck
k this deck
78
Companies cannot achieve differentiation by differentiating their channels,as this is not the purpose of a distribution channel.
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79
Positioning is the act of designing the company's offering and image to occupy a distinctive place in the minds of the target market.
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80
A firm must be sufficiently committed and willing to devote enough resources to create an enduring positioning for its points-of-difference to be considered deliverable.
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