Multiple Choice
Which of the following statements is true of test marketing?
A) The amount of test marketing needed remains constant for each new product.
B) When the costs of developing and introducing the product are low, the company will have to do significant test marketing.
C) Test marketing is seldom done on products that are risky.
D) Test marketing is seldom done when management is not sure of the product or its marketing program.
E) Test marketing costs can be high, and it takes time that may allow competitors to gain advantages.
Correct Answer:

Verified
Correct Answer:
Verified
Q112: Differentiate between controlled test markets and simulated
Q113: Which of the following stages in the
Q114: Which of the following stages of the
Q115: What factors are assessed in test marketing?
Q116: Acquisition refers to _.<br>A) the buying of
Q118: Which of the following focuses on finding
Q119: P&G has sold off a number of
Q120: Explain common reasons for the failure of
Q121: Although products that remain in the maturity
Q122: In a(n) _, consumers interact with new