Please answer all these question Which of the following is not an example of a s
ID: 450917 • Letter: P
Question
Please answer all these question
Which of the following is not an example of a specialty product? Jaguar automobile Rolex watch expensive diamond ring furniture The phase of the product life cycle is the initial period in which consumers are informed about a new product. growth introduction idea maturity In the typical product life cycle, the maturity phase follows the phase growth decline introduction bankruptcy A(n) is the path of a product from the producer to the customer. marketing intermediation exclusive distribution distribution channel critical path distribution is used to distribute a product through specific outlets and intentionally avoid other outlets. Selective Layered Intensive Exclusive are marketing intermediaries that distribute the products directly to customers. Retailers Wholesalers Subsidiaries Subdivisions A retail store generally offers much sales assistance to customers and provides servicing if needed. specialty self-service independent variety An retail store does not provide sales assistance or service and sells products that do not require much expertise. Specialty self-service independent varietyExplanation / Answer
17. Ans - d.furniture
Explanation: - Customers purchase specialty products because of their unique characteristics or loyalty to a specific brand. Jaguar, Rolex, Diamonds have unique characteristics. So, they are specialty products. Furniture is easily accessible and so it is not a specialty product.
18. Ans - b. introduction
Explanation: - The introduction phase of a product life cycle (PLC) is the initial period in which consumers are informed about a new product. This phase represents a full-scale launch of a new product into the marketplace.
19. Ans - a. growth
Explanation: - There are four stages in the product life cycle: introduction, growth, maturity, and decline. In the typical product life cycle, the maturity phase follows the growth phase.
20. Ans - c. distribution channel
Explanation: - A distribution channel is the path of a product from the producer to the customer. A product is reached to the customers through the various distribution channels. It consists of interconnected intermediaries involved in the process of moving a product or service from the producer to the customer.
21. Ans - a. Selective
Explanation: - Selective distribution is used to distribute a product through specific outlets and internationally avoid other outlets. Selective distribution involves a producer using a limited number of outlets in a geographical area to sell products.
22. Ans - a. Retailers
Explanation: - Retailers distribute the products directly to the customers to earn more profits.
23. Ans - c. full-service
Explanation: - In full-service retailers, salespeople assist customers in every aspect of shopping experience.
24. Ans - b. self-service
Explanation: - A self-service retail store does not provide sales assistance or service and sells products that do not require much expertise.