Chapter
Chapter 12: Setting Product Strategy
PAGE
PAGE #
Part
Part 5: Shaping the Market Offerings
PAGE
PAGE #
PAGE
PAGE #
Chapter 12: Setting Product Strategy
GENERAL CONCEPT QUESTIONS
Multiple Choice
Marketing planning begins with the formulation of an offering to target
customersneeds or wants.
exceed
meet
capture
compete with
comprehend
Answer: b Page: 372 Level of difficulty: Easy
The customer will judge the offering by three basis elements: , services mix
and quality, and price.
performance
salespeople
price
product features and quality
none of the above
Answer: d Page: 372 Level of difficulty: Easy
The components of the market offering include all of the following EXCEPT
product feature
product quality
reputation of firm
services mix and quality
value-based pricing
Answer: c Page: 372 Level of difficulty: Easy
In planning its market offering, the marketer needs to address five product levels. These levels include all of the following EXCEPT .
potential product
augmented product
core benefit
basic product
product usage/purpose
Answer: e Page: 372 Level of difficulty: Medium
The five product levels constitute a . At each level more customer value is
added.
customer augmented product
customer consumption system
customer value hierarchy
customer perceived value
customer hierarchy
Answer: c Page: 372 :Level of difficulty: Medium
The way the user performs the tasks of getting and using products and related services is the users total .
consumption system
consumable system
consistent use system
augmented system
none of the above
Answer: a Page 372 Level of difficulty: Medium
Marketers have traditionally classified products on the basis of characteristics: , tangibility, and use.
customer value hierarchy
expected
augmented
durability
none of the above
Answer: d Page: 373 Level of difficulty: Hard
When companies search for new ways to satisfy customers and distinguish their offering from others, they look at the product, which encompasses all
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