52 Questions
True or false: The iPod revolutionized how we purchase entertainment.
True
True or false: Offerings are products and services designed to fulfill people's needs.
True
True or false: The three major components of an offering are product, price, and promotion.
False
Curves International sells tangible products.
False
The price paid for an offering, the total cost of ownership (TCO), only includes the amount the consumer paid for it.
False
The total cost of ownership (TCO) is a concept used only by businesses.
False
A service must be consumed in order to be considered an important aspect of an offering.
False
True or false: The service-dominant approach to marketing integrates the product, price, and service dimensions of an offering.
True
True or false: Customers determine which products are better.
True
True or false: Focusing too much on the customer can lead to poor product development.
True
True or false: The product-dominant perspective of business focuses on creating and manufacturing better products at lower prices.
True
B2B offerings are categorized by how consumers shop.
False
Capital equipment offerings are used for less than one year.
False
Marketing capital equipment can be challenging because the buying decisions are simple and involve few departments.
False
True or false: Post-it Notes were created by a 3M scientist who was originally trying to make something else.
True
True or false: The iPod Shuffle is based on the MP3 technology platform.
True
True or false: The technology platform used to develop EQyss's Micro Tek pet spray was originally developed by NASA for decontaminating astronauts.
True
True or false: Line breadth refers to the number of product lines a company has.
True
True or false: Consumers often care about brand names when deciding on shopping goods
True
True or false: Specialty offerings are highly differentiated and are available only through limited channels
True
True or false: Unsought offerings are those that buyers generally want to have to shop for until they need them
False
True or false: Convenience offerings often include life's necessities and there is little difference across brands
True
The service-dominant perspective to marketing integrates three different dimensions of an offering: product, price, and services.
True
A product line is a group of similar offerings that can be deep (many offerings of a similar type) and/or broad (offerings that are very different from one another and cover a wide range of customers’ needs).
True
The entire assortment of products that a company offers is called the product mix.
True
Consumer offerings can be categorized into four general categories: convenience offerings, shopping offerings, specialty offerings, and unsought offerings.
True
True or false: Hewlett-Packard began in a garage in 1939.
True
True or false: Hewlett-Packard's product was sold for 54 dollars, while competing products were sold for over 200 dollars.
True
True or false: IKEA designs its products based on the prices consumers want to pay.
True
True or false: Lead users are often courted by manufacturers for their ability to generate new product ideas.
True
True or false: Customers are particularly important co-creators of offerings when they are consuming products with service components.
True
True or false: Customers in business-to-business markets are the biggest source of new product ideas.
True
True or false: Apple's Macintosh microcomputer was a low-cost knockoff of the Xerox Star.
True
True or false: The product life cycle (PLC) helps marketers manage the stages of a product’s acceptance and success in the marketplace.
True
True or false: The service-dominant perspective to marketing integrates three different dimensions of an offering: product, price, and services.
True
True or false: Companies might initially introduce a product in limited areas abroad due to possible constraints in international markets.
True
True or false: Focus groups and depth interviews can be used later in the offering development process to test ideas?
True
True or false: Concepts can be tested online by creating an image and having people representative of the target market provide feedback?
True
True or false: If the value consumers receive from the product is less than the price the company charges for it, they will not buy it.
True
True or false: The offering must have process feasibility in order to be financially feasible.
True
True or false: Idea screening is the process of evaluating new product ideas to determine if they should be pursued further?
True
True or false: Concept testing involves getting early consumer feedback before investing too much money in an offering that won't work?
True
True or false: Line extensions occur when a company introduces a new model based on the same platform and brand as one of its existing products?
True
True or false: The purpose of concept testing is to evaluate the value, market need, feasibility, and profitability of a proposed product?
False
True or false: Market tests are conducted to ensure that a new product reaches buyers, gets positive feedback, and generates sales.
True
True or false: The first weekend box office sales for a new movie can be a good predictor of its overall success.
True
True or false: Milestones used to evaluate products after their launch can vary depending on the organization and other products being developed.
True
True or false: Once an offering is launched, a company's executives do not need to monitor its progress.
False
True or false: The QFD process is particularly helpful for bundling the right features within HP's printer line.
True
True or false: Alpha testing ensures that the offering works like it's supposed to in a variety of different environments.
True
True or false: Beta testing not only tests whether the offering works as advertised, but also tests the offering's delivery mechanisms and service processes.
True
True or false: A rolling launch is when a company launches the offering to all of its markets at once.
False
Test your brand loyalty with this quiz! Find out if you would switch stores just to find your favorite toothpaste brand on the shelves. See if you prioritize brand names over alternatives in your shopping decisions.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free