Chapter 10 Developing New Products And Services Exam Prep - Answer Key + Test Bank | Marketing 13th Edition by Kerin and Hartley by Roger A. Kerin, Steven W. Hartley. DOCX document preview.
Chapter 10
Developing New Products and Services
Multiple Choice Questions
1. | The late Steve Jobs orchestrated innovations that revolutionized five different industries. Which industry below is not one of them?
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2. | The Apple innovation that leading car manufacturers are incorporating into their offerings that allows users to make calls, listen to music, and access messages by voice or touch while driving is referred to as
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3. | Product refers to
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4. | A good, service, or idea consisting of a bundle of tangible and intangible attributes that satisfies consumers' needs and is received in exchange for money or something else of value is referred to as
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5. | A product is a good, service, or idea consisting of a bundle of tangible and intangible attributes that satisfy consumers' needs and is received in exchange
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6. | A product is a good, service, or idea consisting of __________ that satisfy consumers' needs and is received in exchange for money or something else of value.
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7. | As a marketing term, __________ generally includes not only physical goods, but also services and ideas.
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8. | A good has tangible attributes that a consumer's __________ can perceive.
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9. | A product that has tangible attributes that a consumer's five senses can perceive is referred to as
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10. | Goods can be divided into __________ goods and __________ goods.
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11. | Which of the following statements regarding goods is most accurate?
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12. | The division of products into durable and nondurable goods helps to
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13. | Which of the following statements regarding goods is most accurate?
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14. | A __________ is defined as an item consumed in one or a few uses.
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15. | A nondurable good is defined as
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16. | Items consumed in one or a few uses, such as food and fuel, are referred to as
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17. | Among consumer products, advertising is especially important for
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18. | Which of the following is the best example of a nondurable good?
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19. | Which of the following is the best example of a nondurable good?
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20. | Advertising is most important for which of the following products?
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21. | A durable good is defined as
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22. | Products that usually last over many uses, such as cars and appliances, are referred to as
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23. | Cars and appliances are classified as
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24. | Durable goods emphasize which of the following elements of the promotional mix?
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25. | Which of the following is considered a durable good?
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26. | Intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value are referred to as
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27. | Services refers to
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28. | Services are
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29. | Intangible items such as airline trips, financial advice, or telephone service that an organization provides to consumers are referred to as
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30. | Which of the following is considered a service?
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31. | Which of the following is considered a service?
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32. | Which of the following statements about services is most accurate?
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33. | In marketing, an idea is
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34. | In marketing, __________ is a thought that leads to a product or action.
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35. | Which of the following is considered an idea?
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36. | Consumer products refers to
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37. | Products that are purchased by the ultimate consumer are referred to as
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38. | Which of the following would most likely be considered a consumer product?
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39. | Products organizations buy that assist in providing other products for resale are referred to as
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40. | Business products refers to
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41. | Business products are also referred to as
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42. | Business products are also referred to as
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43. | Industrial products are also referred to as __________ products.
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44. | An iMac personal computer from Apple can be classified according to all of the following categories except
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45. | Consumer product classifications differ in terms of the: (1) effort the consumer spends on the decision, (2) frequency of purchase, and (3) ___________.
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46. | Convenience products refers to
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47. | In terms of price, which of the following types of consumer product would be relatively inexpensive?
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48. | With respect to distribution, convenience products are available
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49. | In terms of promotion, which of the following type of product would stress price, availability, and awareness?
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50. | In terms of brand loyalty, consumers are aware of a brand but will readily accept substitutes for which type of product?
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51. | Which of the following is the best example of a convenience product?
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52. | Items for which the consumer compares several alternatives on several criteria such as price, quality, or style are referred to as
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53. | Shopping products refers to items that the consumer
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54. | The type of good for which the consumer compares several alternatives on such criteria as price, quality, and style is
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55. | Which type of consumer product is purchased relatively infrequently and the purchase decision takes some time because the consumer compares offerings during the shopping experience?
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56. | With respect to distribution, shopping products are available
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57. | With respect to price and availability, shopping products are likely to be
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58. | In terms of promotion, which of the following type of consumer product stresses product differentiation from competitors?
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59. | In terms of brand loyalty, consumers prefer specific brands but will accept substitutes for which type of consumer product?
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60. | You decide to buy a new car. You talk to friends about it, research mechanical specifications in Consumer Reports, test-drive different makes and models, and compare prices at several dealerships. Into which classification of consumer products would your new car purchase fall?
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61. | Specialty products refers to
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62. | Which type of consumer product is purchased infrequently and takes an extensive amount of time to make the purchase decision?
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63. | With respect to price, which of the following type of consumer product would usually be very expensive?
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64. | Distribution is very limited with which of the following type of consumer product?
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65. | In terms of promotion, which of the following type of consumer product stresses status and brand uniqueness?
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66. | In terms of brand loyalty, consumers are very brand loyal and will not accept substitutes for which type of consumer product?
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67. | You greatly admire a set of Waterford crystal serving bowls you see at a dinner party and decide to buy two despite their cost of $250 each. They are only available in your area in a Waterford shop 40 miles from campus. Into which classification of consumer products would the Waterford crystal serving bowls fall?
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68. | Burberry makes fine raincoats, clothing, and other items, many that feature the company's distinctive plaid. Originally found only in Great Britain, Burberry has opened a limited number of exclusive shops in leading cities around the world to reach customers who value its name and quality. Burberry is selling which classification of consumer product?
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69. | Unsought products are
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70. | Which of the following is most likely to be an example of an unsought product?
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71. | Very infrequent purchases with some comparison shopping are characteristic of the purchasing behavior for a type of consumer product (such as a thesaurus) that a prospective buyer may not initially want. This type of consumer service is referred to as
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72. | With respect to promotion, which of the following strategies would most likely be used for unsought products?
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73. | Which of the following is most likely to be an example of an unsought product?
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74. | A newly invented apple peeling and coring machine for the consumer market would be considered
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75. | Fifty percent or more of American adults have not had their teeth checked by a dentist within the past five years. For these people, dental services would most likely be classified as
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76. | _____________ are items that the consumer purchases frequently, conveniently, and with a minimum of shopping effort.
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77. | _______________ are items for which the consumer compares several alternatives on criteria such as price, quality, or style.
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78. | ___________ are items that the consumer makes a special effort to search out and buy.
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79. | _____________ are items that the consumer does not know about or knows about but does not initially want.
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80. | Considering the classification of consumer products, which of the following products will have the most limited distribution?
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81. | Vivienne, a college student with limited financial resources, was considering the purchase of a new automobile. She went from car dealer to car dealer in several different cities searching for the lowest price on a new economy car. She devoted a great deal of time and energy to getting the best value for her money. For Vivienne, an automobile was
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82. | The demand for a business product that results from the demand for a consumer product is referred to as
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83. | Which of the following best illustrates the concept of derived demand?
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84. | As consumer demand for Ford cars (a consumer product) increases, the company may increase its demand for paint spraying equipment (a business product). This is an example of
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85. | The two main classifications of business products are
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86. | __________ are items that become part of the final business product.
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87. | Raw materials, such as grain or lumber as well as assemblies or parts, are referred to as
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88. | Installations, accessory equipment, supplies, and industrial services used to assist in producing other products and services are referred to as
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89. | Products such as tools and repair services that are used to assist in producing other products and services are referred to as
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90. | The type of business products known as support products includes installations, accessory equipment, supplies, and
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91. | The type of business products known as support products includes installations, industrial services, supplies, and
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92. | The type of business products known as support products includes installations, industrial services, accessory equipment, and
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93. | The type of business products known as support products includes installations, supplies, accessory equipment, and
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94. | Among business products, support products include installations such as
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95. | Installations are support products that include items such as
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96. | Among business products, which of the following would most likely be considered an installation?
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97. | An extremely large machine for producing sheet metal from steel ingots would be classified as which kind of business product?
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98. | Accessory equipment are support products that include items such as
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99. | Among business products, support products that include tools and office equipment are referred to as
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100. | Among business products, which of the following would most likely be considered accessory equipment?
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101. | Among business products, drafting tables would be best considered which type of support product?
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102. | Supplies are support products that include items such as
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103. | Among business products, supplies usually consist of
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104. | Among business products, printer paper would be classified as which type of support product?
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105. | Among business products, which of the following would most likely be considered supplies?
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106. | Among business products, which of the following would most likely be considered supplies?
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107. | Industrial services are support products that include items such as
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108. | Among business products, which of the following would most likely be considered an industrial service?
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109. | When a small retail chain hires an accountant to do its income taxes, the retail chain would have purchased
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110. | Among business products, legal counsel for patent information for a firm's R&D department would most likely be classified as which type of support product?
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111. | A retail chain hires a company to design and install a computer network that would allow each store in the chain to check the inventory of others in the chain for customer-requested items. The retail chain purchased which kind of business products?
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112. | Services can be classified by
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113. | Services can be classified according to whether they are __________, business firms or nonprofit organizations, or government agencies.
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114. | Services can be classified according to whether they are delivered by people or equipment, __________, or government agencies.
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115. | Services can be classified according to whether they are delivered by people or equipment, business firms or nonprofit organizations, or
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116. | The term product class refers to
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117. | Variations of a product (shape, configuration) within a product class are referred to as the
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118. | Product item refers to
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119. | The Vermont Teddy Bear Co. sells handmade teddy bears designed to be given as gifts for almost every occasion imaginable. The Love Bandit Bear is designed for people to give to each other on Valentine's Day. The Love Bandit Bear is an example of a
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120. | A(n) __________ is the unique identification number that defines an item for ordering or inventory purposes.
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121. | The Vermont Teddy Bear Co. sells handmade teddy bears designed to be given as gifts for almost every occasion imaginable. The Love Bandit Bear is designed for people to give on Valentine's Day. The unique identification number that the Vermont Teddy Bear Co. uses to distinguish this teddy bear from the others in order to track it in the warehouse is called
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122. | A group of product or service items that are closely related because they satisfy a class of needs, are used together, are sold to the same customer group, are distributed through the same types of outlets, or fall within a given price range is referred to as a
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123. | A __________ is a group of product or service items that are closely related because they satisfy a class of needs, are used together, are sold to the same customer group, are distributed through the same type of outlets, or fall within a given price range.
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124. | Product line refers to
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125. | A product line is a group of product or service items that are closely related because they satisfy a class of needs, __________, are sold to the same customer group, are distributed through the same type of outlets, or fall within a given price range.
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126. | A product line is a group of product or service items that are closely related because they satisfy a class of needs, are used together, __________, are distributed through the same type of outlets, or fall within a given price range.
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127. | A product line is a group of product or service items that are closely related because they satisfy a class of needs, are used together, are sold to the same customer group, __________, or fall within a given price range.
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128. | A product line is a group of product or service items that are closely related because they satisfy a class of needs, are used together, are sold to the same customer group, are distributed through the same type of outlets, or
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129. | Which of the following statements about product lines is most accurate?
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130. | Which of the following is an example of a product line?
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131. | The Vermont Teddy Bear Co. sells handmade teddy bears designed to be given as gifts for almost every occasion. For the Vermont Teddy Bear Co., teddy bears are an example of a
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132. | During a recent shopping trip to Target, Carlie noticed that the store offered many Glad products, including many different types of trash bags and a large variety of food storage containers. For Glad, each of these two product groupings is an example of a
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133. | All of the different product lines offered by an organization are collectively referred to as a
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134. | Product mix refers to
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135. | Procter & Gamble has a large __________ that includes product groupings such as beauty and grooming (Crest toothpaste and Gillette razors), household care (Downy fabric softener and Tide detergent), and Pampers diapers.
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136. | A company's product mix is equal to the sum of its
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137. | Newman's Own is a company that gives all of its profits to charities. The company produces popcorn, salsa, pasta sauces, and salad dressings under the Newman's Own brand name. These product lines comprise the company's
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138. | The relationship between a product line and product mix is
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139. | Feature bloat is
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140. | The proliferation of extra characteristics in a product that overwhelms many consumers with mind-boggling complexity is referred to as
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141. | According to Robert Stephens of the Geek Squad, the biggest complaint about technical support people is
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142. | A product can be classified as new from all of the following perspectives except
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143. | A product can be classified as new if it __________ from existing products.
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144. | An important way of defining new products is in terms of their effects on consumption. This approach classifies new products according to
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145. | A product that is new in some way but requires no new behaviors to be learned by consumers is a
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146. | The emphasis of a marketing strategy for a continuous innovation concentrates on
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147. | At the time of its introduction, which of the following products was the best example of a continuous innovation?
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148. | Wrigley's new Alert Energy Caffeine Gum "offers a portable solution that lets adults control their caffeine intake." This new gum is most likely which type of innovation?
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149. | At the time of its introduction, which of the following products was the best example of a continuous innovation?
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150. | The addition of Clorox II bleach to Tide laundry detergents is an example of a
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151. | The first LCD (liquid crystal display) flat-panel HD (high-definition) TV is an example of which type of innovation?
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152. | A product that disrupts consumers' normal routine but does not require totally new learning is a
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153. | The emphasis of a marketing strategy for a dynamically continuous innovation would include
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154. | LG Electronics Inc. has entered into an agreement with Google to offer selected smartphone models that use a multitouch interface rather than buttons to make calls with Google's Android operating system. When the multitouch interface was first introduced, it was an example of which type of innovation?
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155. | Pasta sauces have been on the market for years. These sauces have always required the pasta to be precooked before it is mixed with the sauces and other ingredients. The development of Prego Pasta Bake Sauce that does not require the use of precooked pasta would be an example of
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156. | Philips Sonicare recently introduced the DiamondClean rechargeable toothbrush. A key innovation is its Quadpacer interval timer that goes off after 30 seconds to prompt the user to move on to the next quadrant of the mouth, resulting in better cleaning and improved gum health. This is an example of which type of innovation?
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157. | LG Electronics recently introduced the Fridge-TV with a 15-inch television screen mounted in the right-hand side refrigerator door. This is an example of which type of innovation?
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158. | A product that requires the learning of entirely new consumption patterns among consumers is referred to as
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159. | A discontinuous innovation is a product that
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160. | The emphasis of a marketing strategy for a discontinuous innovation would most likely be to
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161. | Which of the following products at the time of its introduction was the best example of a discontinuous innovation?
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162. | In the early 1900s, your great-great-grandfather probably purchased his first automobile. After years of driving a horse and buggy, he got into his new car and drove it into his new garage. The new automobile was an example of
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163. | Napster was the first software that allowed an individual to easily search for and exchange MP3 music files with other individuals (in some cases illegally). When it was introduced, Napster would have been an example of a
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164. | Dragon Naturally Speaking, a speech recognition software program that allows you to use your voice instead of a keyboard to input text into a word processing program, is an example of
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165. | When marketing efforts usually involve not only gaining initial consumer awareness but also educating consumers on both the benefits and proper use of the product, this represents
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166. | When only minor changes in a consumer's behavior are required to adopt a product innovation, this represents
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167. | When extra features are added and consumers don't need to learn new behaviors, this represents a
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168. | The Federal Trade Commission (FTC) considers a product new only
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169. | Prego recently introduced a Pasta Bake Sauce, which was made so that it was not necessary to precook the pasta before blending pasta, sauce, meat, and cheese in a casserole. Legally, this product would only be considered new
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170. | From an organization's perspective regarding its new products and innovations, which of the following new-product strategies has the lowest level of risk?
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171. | From an organization's perspective regarding its new products and innovations, which of the following new-product strategies has the highest level of risk?
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172. | Mr. Clean is an antibacterial cleaning liquid for home use. If Procter & Gamble (P&G), the manufacturer of Mr. Clean, added Mr. Clean Magic Eraser Bath Scrubber to the Mr. Clean product line, it would be seen by P&G as
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173. | Which of the following new products is the best example of the lowest level of risk from the company's point of view?
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174. | Using an existing brand name to introduce a product that is new to the company into a totally new, unfamiliar product category seems like a good idea. This is what toothpaste manufacturer Colgate did when it put its brand name on __________, which failed quickly.
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175. | A few years ago, Frito-Lay developed Frito-Lay Lemonade as a thirst-quencher for those consumers who also like Frito-Lay's salty snacks such as Fritos Corn Chips. But when people think of the brand name Frito-Lay, thirst-quenching is not a benefit that comes to mind and Frito-Lay Lemonade failed. This innovation strategy is known as a
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176. | Using an existing brand name to introduce a product that is new to the company into a totally new, unfamiliar market seems like a good idea. Several years ago, Harley-Davidson introduced perfume under the Harley-Davidson brand name and it failed quickly. This innovation strategy is known as a
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177. | A new-product or service protocol is
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178. | A statement that identifies a well-defined target market; specific customers' needs, wants, and preferences; and what the product will be and do to satisfy consumers is referred to as a new product's or service's
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179. | Ideally, before a new product or service is developed, a firm should have a precise __________, which is a statement defining the target market, specifying customers' needs, and defining what the product or service will be and do to satisfy consumers.
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180. | New-product or service failures may be reduced or avoided if the company developing them has
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181. | Ideally, before a new product or service is developed, a firm should have a precise protocol, which is a statement that identifies: (1) __________; (2) specific customers' needs, wants, and preferences; and (3) what the product or service will be and do to satisfy consumers.
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182. | Ideally, before a new product or service is developed, a firm should have a precise protocol, which is a statement that identifies: (1) a well-defined target market; (2) __________; and (3) what the product or service will be and do to satisfy consumers.
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183. | Ideally, before a new product or service is developed, a firm should have a precise protocol, which is a statement that identifies: (1) a well-defined target market; (2) specific customers' needs, wants, and preferences; and (3) __________.
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184. | Most American families buy the same __________ items over and over again, making it difficult to gain buyers for new products.
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185. | Less than __________ of new consumer packaged goods (CPG) exceed first-year sales of $50 million—the benchmark of a successful CPG launch.
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186. | When General Mills introduced Fingos, a corn chip-sized sweetened cereal flake, it assumed that its customers would normally snack on them dry like a potato chip. Unfortunately, consumers did not switch from munching on popcorn and potato chips. The primary reason for the failure of Fingos was
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187. | One of the eight primary marketing-related reasons for new-product failure is
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188. | Kimberly-Clark developed its Avert Virucidal tissues that contained vitamin C derivatives, which were scientifically designed to kill cold and flu germs when users sneezed, coughed, or blew their noses into them. Unfortunately, people didn't believe the claim and were frightened by the "cidal" in the brand name. The reason for this product failure was
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189. | Until 1996, U.S. carmakers sent very few right-hand-drive cars to Japan while German carmakers exported several models with the steering wheel on the right to accommodate driving on the left-hand side of the road in Japan. American car manufacturers could blame their failure to a great degree on
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190. | Microsoft introduced its Zune player a few years after Apple launched its iPod and other competitors had offered their new MP3 players. Zune sales were very disappointing and Microsoft eventually killed the product. According to the textbook, the primary reason for the Zune's failure was due in large part to
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191. | One of the eight primary marketing-related reasons for new-product failure is
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192. | Thirsty Dog! is a zesty beef-flavored, vitamin-enriched, mineral-loaded, lightly carbonated bottled water for your dog. It might have been a great product, but competition over shelf space was fierce and the product could not generate enough sales per square foot for retailers. The makers of this product had
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193. | One of the eight primary marketing-related reasons for new-product failure is
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194. | Garlic Cake was supposed to be served as an hors d'oeuvre with sweet breads, spreads, and meats, but at its introduction the company forgot to explain this to potential consumers. This product failure demonstrates
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195. | OUT! International's Hey! There's A Monster In My Room spray with a bubble-gum fragrance was designed to rid scary creatures from a kid's bedroom. Although a clever idea, it failed because it
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196. | Groupthink occurs in a meeting when
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197. | One of the two organization-related problems of inertia that can cause new-product failures is
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198. | If you are using a marketing dashboard to discover which cities in Florida are not meeting their sales growth goal for your sunscreen products, which one should be used to measure sales performance?
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199. | Marketing dashboards are useful in measuring actual market performance versus the goals set in new-product planning, such as sales. Once shortfalls are identified, the first step would be to conduct market research to determine
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200. | If an organization's 2015 sales for the entire United States were $50 million and its 2014 U.S. sales were $30 million, what is the annual percentage sales change?
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201. | In a map of the United States that shows annual percentage change in unit volume, by state, for a given product, the annual growth rate in each state is shown with green meaning good and red meaning very poor. If you were a marketing manager faced with a map that showed mostly red in the Northeastern states and green in the Western states, which of the following would be the best action?
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202. | The seven stages an organization goes through to identify business opportunities and convert them into salable products or services is referred to as the
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203. | The new-product development process is
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204. | The new-product development process an organization goes through to identify business opportunities and convert them into salable products or services contains
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205. | There are seven stages of the new-product development process. The stage of the new-product development process that defines the role for a new product in terms of the firm's overall objectives is the __________ stage.
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206. | There are seven stages of the new-product development process. Stage 2 is the __________ stage.
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207. | There are seven stages of the new-product development process. Stage 3 is the __________ stage.
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208. | There are seven stages of the new-product development process. Stage 4 is the __________ stage.
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209. | There are seven stages of the new-product development process. Stage 5 is the __________ stage.
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210. | There are seven stages of the new-product development process. Stage 6 is the __________ stage.
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211. | There are seven stages of the new-product development process. Stage 7 is the __________ stage.
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212. | One reason new products fail is that although most major corporations use a formal decision making process, sometimes they fail to critically evaluate the progress along the way. This is why many firms have a __________ to ensure that problems are corrected before proceeding to the next stage.
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213. | The stage of the new-product development process that defines the role for a new product in terms of the firm's overall objectives is referred to as
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214. | New-product strategy development is
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215. | The first stage of the new-product development process is
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216. | In which stage of the new-product development process is a SWOT analysis used to identify the strategic role the new product might serve in the firm's business portfolio?
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217. | During the first stage of the new-product development process, two important activities take place. They are
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218. | In which stage of the new-product development process would a firm use both a SWOT analysis and environmental scanning to assess its strengths and weaknesses relative to the trends it identifies as opportunities or threats?
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219. | Occasionally, a firm's Stage 1 product development activities can be blind-sided by a revolutionary new product or technology that completely disrupts its business, which is sometimes called a
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220. | The stage of the new-product process that develops a pool of concepts to serve as candidates for new products is referred to as
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221. | Developing a pool of concepts to serve as candidates for new products is the __________ stage of the new-product process.
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222. | Idea generation is the stage in the new-product development process that
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223. | Idea generation refers to
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224. | Many forward-looking companies have discovered that their own organization does not generate enough useful new-product ideas. This has caused them to find new-product ideas by developing strategic relationships with outside individuals and organizations, a practice known as
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225. | Open innovation may enhance the __________ stage of the new-product development process.
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226. | Procter & Gamble's new Tide Pods launch shows how it has improved both planning and ______________ by involving __________ earlier in its innovation activities.
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227. | All of the following are sources for new-product ideas except
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228. | Business researchers emphasize that firms must actively involve customers and suppliers in the new-product development process. This means that the focus should be on what the new product will __________ rather than simply what they want.
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229. | Generating insights leading to marketing actions based on massive numbers of people's ideas is called
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230. | Dell used __________ to develop an online site to generate 13,464 ideas for new products as well as website and marketing improvements.
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231. | IDEO is a company that
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232. | Brainstorming sessions at IDEO can generate as many as __________ ideas for products in an hour.
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233. | In addition to seeking ideas from more well-known sources, organizations also get ideas from universities, inventors, and smaller nontraditional firms. For example, General Mills partnered with Brigham Young University to license its patent for
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234. | Imagine you work for a TV production company that has been approached by one of the broadcast TV networks to develop a concept for a new reality show. Where are you most likely to look first for ideas?
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235. | Because early-stage financing is almost always a problem for those starting a new business, __________ is a way to gather an online community of supporters to financially rally around a specific project that is unlikely to get resources from traditional sources.
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236. | Which of the following firms uses crowdfunding to raise capital for products that are unlikely to get resources from traditional sources?
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237. | The stage of the new-product process that internally and externally evaluates new-product ideas to eliminate those that warrant no further effort is referred to as
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238. | Screening and evaluation refers to the stage of the new-product development process
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239. | The screening and evaluation stage of the new-product process involves
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240. | The __________ stage of the new-product process includes an examination of the technical feasibility for the product, such as 3M determining that the firm's micro-replication technology (the 3,000 tiny gripping fingers) could be used to improve the gripping power of batting or work gloves.
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241. | An important aspect of the screening and evaluation stage of the new-product process is an examination of the technical feasibility for the product. For example, 3M was able to use the firm's micro-replication technology (the 3,000 tiny fingers) to
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242. | A 3M researcher worked with university students to develop the Post-it® Flag Highlighter. His team evaluated the technical feasibility of the proposed design and determined whether the idea met the firm's new-product objectives. At which stage of the new-product process was this product?
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243. | Customer experience management (CEM) is
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244. | __________ includes considering employee interactions with customers to ensure they are consistently delivered and experienced, clearly differentiated from other offerings, and relevant and valuable to the target market.
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245. | An external evaluation with consumers that consists of preliminary testing of a new-product idea rather than the actual finished product is referred to as
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246. | A concept test is an
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247. | Concept tests are part of which stage in the new-product development process?
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248. | The stage of the new-product development process that specifies the features of the product and the marketing strategy needed to bring it to market and make financial projections is referred to as
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249. | Business analysis refers to the stage of the new-product development process
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250. | An assessment of the "business fit" of the proposed new product, from whether it can be economically produced to the marketing strategy needed to have it succeed, takes place during which stage of the new-product development process?
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251. | A general review of possible marketing and product synergies, economic analysis, and cannibalization potential would all take place during which stage of the new-product development process?
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252. | Detailed financial projections and assessments of marketing and product synergies are a part of which stage of the new-product development process?
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253. | Factors such as specifying product features, marketing strategy, and financial projections are a part of which stage of the new-product process?
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254. | All of the following actions occur during the business analysis stage of the new-product development process except
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255. | A full-scale operating model of the product or service under development is referred to as a
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256. | A prototype is a
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257. | The stage of the new-product development process that turns an idea on paper into a prototype is referred to as
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258. | Development refers to the stage of the new-product development process
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259. | In the new-product process, product ideas that survive the business analysis stage proceed to the __________ stage.
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260. | At Mattel, Barbie is child-tested to be sure the doll cannot be broken apart and accidentally cause a child to choke on pieces. This type of consumer or safety test occurs during the __________ stage of the new-product development process.
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261. | After the new owner purchased a fully equipped yogurt factory, it took a yogurt master a year and a half to come up with the perfect formulation for Chobani Greek Yogurt. The most likely stage of the new-product process during which this time was spent is
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262. | New-product strategy development calls for INGenius Co. to develop a battery recycler for the business market. Which is the most likely stage of the new-product process in which manufacturing issues regarding the new product become an especially important element?
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263. | If you watch much television, you have seen the ads that show a controlled crash of a car containing crash test dummies and the resultant vehicular damage. In the new-product development process, this safety test would occur during the __________ stage.
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264. | According to the textbook, which of the following firms is in the development stage of the new-product development process for a driverless car?
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265. | The stage of the new-product process that exposes actual products to prospective consumers under realistic purchase conditions to see if they will buy is referred to as
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266. | Market testing refers to
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267. | Nicole owns a small organic spice company called RaisaSpice and was looking for a new product to add to her company's line. A friend suggested combining spices from India with tea. In the __________ stage of the new-product process, the spice and tea mixtures were distributed to grocery stores in Portland and Seattle to see if they sold well.
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268. | During which stage of the new-product process are audiences allowed to preview actual movies (a sneak preview) <including examples dates the question> so that changes might be made before they are released to the general public?
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269. | Breyer's introduced a new line of ice cream flavors for sale in elegant black containers. This was done on a limited scale to determine consumer reactions before national distribution of the product. Breyer's new product was in the __________ stage of the new-product process.
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270. | Which of the products listed below would be the best candidate for full-scale market testing?
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271. | Test marketing involves offering a product for sale
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272. | Which of the following statements about test marketing is most accurate?
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273. | If a firm used IRI's BehaviorScan service to track sales of a new product made to a panel of consumers and to assess the effectiveness of advertising and other promotion tactics, what type of test market is this?
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274. | To save time and money, companies often turn to __________, a technique that somewhat replicates a full-scale test market.
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275. | Simulated test markets (STMs) are often run in shopping malls where consumers are
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276. | The stage of the new-product process that positions and launches a new product in full-scale production and sales is referred to as
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277. | Commercialization refers to
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278. | Commercialization is the stage in the new-product process
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279. | The most expensive stage in the new-product process for most products and services is
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280. | The initial target market for X-1 products consisted of
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281. | X-1 uses all of the following sources to generate new-product ideas except
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282. | X-1 performs all of the following activities during the development stage of its new-product process except
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Short Answer Questions
283. | Briefly define what is meant by a product. Explain the characteristics that would define a product, good, service, and an idea. Give an example of each.
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284. | Explain the difference between consumer products and business products. Why are some products difficult to categorize as one or the other? Give an example of a business product, a consumer product, and a product that is difficult to categorize.
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285. | What are the four types of consumer products? How do they differ?
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286. | Explain the differences in promotion between convenience, shopping, specialty, and unsought products.
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287. | Explain what an unsought product is and give some examples.
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288. | The movie The Hunger Games opened originally in a select number of theaters before opening nationwide. After its theater run, it was shown on pay-per-view channels and then on premium movie channels. The movie also was made widely available in video stores, via Netflix, and on DVD/Blu-ray. What type(s) of consumer product is this movie? Explain your answer.
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289. | Define derived demand and provide an example not included in the text.
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290. | What categories of products are classified as business support products? Give an example of each category.
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291. | Describe the three ways services can be classified.
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292. | Characterize the difference between a product line and a product mix. Give an example of each.
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293. | Describe the different ways to define a product as new.
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294. | Compare continuous, dynamically continuous, and discontinuous innovations. Provide the marketing strategy and an example of each.
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295. | What are the eight marketing reasons for new-product failures?
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296. | The Thirsty Dog! beverage is an example of a product that failed in the marketplace. Identify and describe the reason(s) for this unique item's marketing-related product failure.
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297. | Identify and describe each stage in the new-product development process in the correct order.
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298. | What is idea generation in the new-product development process? From where do forward-thinking marketers get their ideas?
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299. | How can a firm use a test market in its new-product development process?
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300. | Explain why not all products can use test markets.
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Document Information
Connected Book
Answer Key + Test Bank | Marketing 13th Edition by Kerin and Hartley
By Roger A. Kerin, Steven W. Hartley
Explore recommendations drawn directly from what you're reading
Chapter 8 Marketing Research From Customer Insights To Actions
DOCX Ch. 8
Chapter 9 Market Segmentation, Targeting, And Positioning
DOCX Ch. 9
Chapter 10 Developing New Products And Services
DOCX Ch. 10 Current
Chapter 11 Managing Successful Products, Services, And Brands
DOCX Ch. 11
Chapter 12 Services Marketing
DOCX Ch. 12