When a business expands its product mix, its goal is to accomplish which goal?
Respuesta
Appeal to fewer market segments with fewer product options
Appeal to more market segments with a wider variety of options
Appeal to existing market segments with a wider variety of options
Appeal to select market segments using less promotion
Pregunta 2
Pregunta
Sandy opened a small business that carries a very wide variety of products of varying qualities at many different prices. Sandy is losing customers who are disappointed with the selection, quality, and quantity of items. What is lacking in Sandy’s product mix?
Respuesta
Consistency
Breadth
Depth
Width
Pregunta 3
Pregunta
Which factor helps a business to determine its product mix?
Respuesta
Merchandise breadth and depth
Size and target market
Staple goods and regular goods
Seasonal goods and convenience goods
Pregunta 4
Pregunta
The product mix that a business decides to offer customers help to project which factor about the business?
Respuesta
Display themes
Sales goals
Service style
Unique image
Pregunta 5
Pregunta
Which is an example of a company using brand extension?
Respuesta
Coca-Cola adding Caffeine-Free Diet Coke
Winn-Dixie installing an ATM machine in its stores
Tyson packaging smaller portions of chicken for the elderly
Kroger adding Blue Bell ice cream to its frozen foods section
Pregunta 6
Pregunta
To appeal to a target market with slightly different needs, a business added a group of related items to its product mix. What is this group of items?
Respuesta
Service expansion
Product replacement
Line extension
Product enhancement
Pregunta 7
Pregunta
Due to lackluster sales, the Elba Corporation has decided to eliminate several of its product lines. Elba’s executives hope that by focusing on fewer product lines, they will see more profit. The Elba Corporation should plan to adjust which aspect of its product mix?
Respuesta
Depth
Length
Width
Height
Pregunta 8
Pregunta
One way for a business to expand its product mix is by performing which action?