Question: In the simulation, which information does marketing research include? Choose all that apply. - 2 pts [ X ] Customer needs [ X ] Price

In the simulation, which information does marketing research include? Choose all that apply. -2pts
[X]Customer needs[X]Price willing to pay[]Target segment selection[]Market potential
What does a benefit rated below 100 suggest? Choose all that apply. -1pts
[]The customer neither likes nor dislikes the benefit.[]The benefit should be added to the brand because a lower rating is better.[X]The inclusion of that benefit may have a negative impact on brand value.[X]The customer does not desire this benefit.[X]The benefit does not add as much value to the brand as those benefits rated above 100.
What is the engineering cost to design a new brand? -0pts
(X)15,000()30,000()80,000()100,000
True or false? Customers buy benefits, not components or features. -1pts
(X)True()False
How many quarters does it take to set up a new sales outlet? -0pts
()It is immediate()1 quarter()2 quarters(X)4 quarters
Which segment is willing to pay the least for a new product? -0pts
()Youth()Work()Recreation(X)Speed
What is the most important benefit to the Mountain segment? -1pts
()Sleek(X)Durable()Practical()Child-friendly

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!