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Questions and Answers

Designing and validating a prototype version of a potential offering occurs during the ________ stage of the stage-gate framework.

  • concept development (correct)
  • offering development
  • business-model design
  • idea generation

A2Z Inc. is a producer of a wide variety of consumer goods in Brazil. It has successfully captured a huge share of the domestic market and has been able to create a very strong brand. It is now considering a foray into foreign markets. Its board of directors decides to first try out some of its products in the neighboring country of Argentina. A2Z plans to eventually expand its sprinklerpresence in other countries, after they analyze the impact of their entry into the Argentine market. A2Z Inc. is following a ________ approach.

  • sprinkler
  • waterfall (correct)
  • franchisee
  • shotgun

Which of these is an accurate definition of the corporate mission?

  • A clear, concise, and enduring statement of the reasons for an organization's existence (correct)
  • A detailed plan for implementing corporate vision
  • A short and pithy summarize of the business plan
  • The reasons why a company will excel

Jewelry maker Bulgari's expansion into hotels is an example of a(n) ________.

<p>brand extension (B)</p> Signup and view all the answers

Your company's latest ad appears on a popular news website alongside ads from several other companies. What element in the macromodel of the communication process do these other ads represent?

<p>Noise (B)</p> Signup and view all the answers

What is high-low pricing?

<p>Charging higher prices generally but running frequent promotions with low prices (D)</p> Signup and view all the answers

Which of these is NOT one of the five primary data collection methods discussed in the chapter?

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

Many U.S. firms prefer to sell in Canada, England, and Australia rather than in larger markets such as Germany and France because they feel more comfortable with the languages, laws, and culture. This reflects the ________ between these countries and the United States.

<p>cultural proximity (A)</p> Signup and view all the answers

Researchers usually start their investigation by examining some of the rich variety of low-cost and readily available ________ data, then collect ________ data if the needed data don't exist or are dated, inaccurate, incomplete or unreliable.

<p>secondary; primary (B)</p> Signup and view all the answers

If the Lotus Evora is designed to accelerate to 100 km per hour within 4.0 seconds, and every Evora coming off the assembly line does this, the model is said to have high ________.

<p>conformance quality (C)</p> Signup and view all the answers

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