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Marketing Revision Part II
Chapter 8 Product ,Services,and Branding Strategies :Building Customer
Value
1) We define a ________ as anything that can be offered to a market for attention,
acquisition,use ,or consumption and that might satisfy a want or need.
A) private brand
B) service variability
C) service
D) product
E) service encounter
Answer : D
Diff :1 Page Ref :224
AACSB : Communication
Skill : Concept
Objective: 8-1
2) ________ are a form of product that consists of activities,benefits ,or
satisfactions offered for sale that are essentially intangible and do not result in the
ownership of anything.
A) Line extensions
B) Services
C) Brands
D) Consumer products
E) Supplements
Answer : B
Diff :1 Page Ref :224
AACSB : Communication
Skill : Concept
Objective: 8-1
3) A product is a key element in the ________. At one extreme,it may consist of
pure tangible goods or at the other extreme ,pure services.
A) market offering
B) brand equity
C) brand extension
D) co-branding
E) value chain
Answer : A
Diff :1 Page Ref :224
AACSB : Communication
Skill : Concept
Objective: 8-1
4) To differentiate themselves ,many companies are going beyond products and
services,they are developing and delivering customer ________.
A) quality
B) experiences
C) brands
D) product lines
E) events
Answer : B
Diff :2 Page Ref :224
AACSB : Communication
Skill : Concept
Objective: 8-1
5) Product planners need to consider products and services on three levels. Each level
adds more customer value. The most basic level is the ________,which addresses
the question ,What is the buyer really buying?
A) actual product
B) augmented product
C) core customer value
D) co-brandin
E) exchange
Answer : C
Diff :2 Page Ref :225
AACSB : Communication
Skill : Concept
Objective: 8-1
6) Developing a product or service involves defining the benefits th
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