Product Concepts and Brand Management Quiz
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Questions and Answers

What is the strategy often referred to as when a service firm works to manage the supply or availability of the service without affecting service quality?

  • Service optimization
  • Demand control
  • Capacity management (correct)
  • Quality assurance
  • Which strategy focuses on offering pricing incentives with social bonds as part of relationship marketing?

  • Customization
  • Structural
  • Financial
  • Social (correct)
  • What is the term used for the process of creating one-to-one solutions through intimate knowledge in relationship marketing?

  • Structural
  • Social
  • Customization (correct)
  • Financial
  • Which strategy involves stressing tangible cues, using personal information sources, and engaging in post-purchase communication?

    <p>Promotion</p> Signup and view all the answers

    What is the term used for the technology and customization to the masses in the context of service products?

    <p>Mass customization</p> Signup and view all the answers

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