Product Extension vs Ethical Marketing Quiz
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Questions and Answers

What does Brand Identity encompass?

  • Positioning strategy, motivation factors, and sensory information
  • Consumer evaluation, purchasing decisions, and target audience perceptions
  • Product features, marketing strategies, and lifestyle analysis
  • Company's name, logo, design, values, and mission (correct)

How is a Logo defined?

  • An act of purchasing a product or service
  • The interpretation of sensory information
  • A graphic mark for instant recognition (correct)
  • A company's target audience perception

What does Perception refer to?

  • Interpreting sensory information from the environment (correct)
  • Defining a company's brand positioning
  • Pursuing certain goals through motivation
  • Tailoring products based on lifestyle analysis

What is the purpose of a Positioning Strategy?

<p>Define how a brand wants to be perceived relative to competitors (D)</p> Signup and view all the answers

What drives individuals to take action according to the text?

<p>Motivation factors involving desires and needs (A)</p> Signup and view all the answers

How does understanding consumers' lifestyles benefit businesses?

<p>Helps tailor products and marketing strategies to meet specific target audience needs (A)</p> Signup and view all the answers

What does green marketing involve?

<p>Promoting products based on their environmental benefits (B)</p> Signup and view all the answers

What is fair trade focused on advocating for?

<p>Fair wages and working conditions (B)</p> Signup and view all the answers

What is the main characteristic of e-commerce?

<p>Buying and selling goods over the internet (C)</p> Signup and view all the answers

What is shopping cart abandonment in the context of e-commerce?

<p>When a customer adds items but does not complete the purchase (D)</p> Signup and view all the answers

What is user experience (UX) related to?

<p>The overall interaction with a website or digital product (C)</p> Signup and view all the answers

What is NOT an element of green marketing?

<p>Increasing energy consumption (A)</p> Signup and view all the answers

What does product extension aim to do?

<p>Introduce variations or extensions of the original product (B)</p> Signup and view all the answers

Which of the following best describes ethical marketing?

<p>Respecting consumer rights and being transparent in advertising (C)</p> Signup and view all the answers

What do ethical considerations in marketing involve?

<p>Ensuring products are safe and beneficial to consumers (D)</p> Signup and view all the answers

What does sustainability in marketing focus on?

<p>Balancing environmental, social, and economic impacts of products (B)</p> Signup and view all the answers

What is the core idea of corporate social responsibility (CSR)?

<p>Contribute positively to society beyond profit maximization (A)</p> Signup and view all the answers

How can a business extend the lifecycle of a product?

<p>By introducing new flavors or sizes (C)</p> Signup and view all the answers

What is the main focus of marketing efforts during the introduction stage of a product?

<p>Building awareness and generating initial demand (B)</p> Signup and view all the answers

Which stage of the product lifecycle is characterized by rapid sales growth and increased competition from other market players?

<p>Growth Stage (C)</p> Signup and view all the answers

What typically happens to sales growth in the maturity stage of the product lifecycle?

<p>Sales growth stabilizes (A)</p> Signup and view all the answers

What may lead to the decline stage of a product's lifecycle according to the text?

<p>Changing consumer preferences or technological advancements (B)</p> Signup and view all the answers

In which stage of the product lifecycle do marketing efforts focus on retaining existing customers and finding new uses for the product?

<p>Maturity Stage (C)</p> Signup and view all the answers

What is a characteristic of the introduction stage in terms of sales?

<p>Low sales due to consumer awareness building (B)</p> Signup and view all the answers

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