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[benefits] A product is a good, service or idea consisting o…

[benefits] A product is a good, service or idea consisting of a bundle of tangible and intangible benefits. However, this is often confused with instead selling a bundle of features. Which of these statements does NOT describe benefits of a product?

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[RFM] Why would a company want to use RFM (Recency, Frequenc…

[RFM] Why would a company want to use RFM (Recency, Frequency, Monetary Value) analysis in determining its customer segmentation and promotion strategies?

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[share] The use of social network services and websites by c…

[share] The use of social network services and websites by consumers to share their latest purchases, deals, coupons, product reviews, want lists, and other shopping finds with friends and contacts is referred to as

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[TV] One way traditional TV advertising can reduce wasted co…

[TV] One way traditional TV advertising can reduce wasted coverage is to

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[Solen] Katelyn, the CEO of Solen, has an idea for a hands-f…

[Solen] Katelyn, the CEO of Solen, has an idea for a hands-free hairbrush that would change the way people brush their hair. Her company is currently working on a detailed cost-benefit analysis and demand forecast for the new product. They are trying to determine the details of whether the product is likely to be a success for the company. What stage of the new product planning process is Solen performing?

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[Savers] Kemps makes Life Savers Real Fruit Sherbet (with th…

[Savers] Kemps makes Life Savers Real Fruit Sherbet (with the flavors of a favorite childhood candy). Kemps pays Wrigley, the owner of the Life Savers brand name, a fee to market this product. This is an example of

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[calc] Ceci walked out of her Calculus exam totally defeated…

[calc] Ceci walked out of her Calculus exam totally defeated and was stopped by a Study Edge employee who told her about their tutoring service and how it could help her improve her grade. Ceci is interested and decides to go home and do some research into the costs of the service. She texts her friends to see if they have ever used the service and compares the service to others that competitors offer. What stage of the adoption process is Ceci currently performing?

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[routine] A salesperson who processes routine orders or reor…

[routine] A salesperson who processes routine orders or reorders for products that were already sold by the company is referred to as a(n)

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[growth] Which of these is a characteristic of the growth st…

[growth] Which of these is a characteristic of the growth stage of the product life cycle?

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[difference] Which statement describes a key difference betw…

[difference] Which statement describes a key difference between advertising and public relations?

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