Question: Please complete the table by inserting the terms listed underneath note that each term is only used once you can simply write the number in

Please complete the table by inserting the terms listed underneath note that each term is only used once you can simply write the number in the right box. (Each of the 18 terms is worth 0.1666 pt)
Marketing Mix
INTRODUCTION
GROWTH
MATURITY
DECLINE
Product
Price
Place
Promotion
1 Build intensive distribution
2 Utilize sales promotions to generate consumer trials
3 Progressively phase out poorer selling product lines
4 Increase product differentiation and augmentation
5 Build selective distribution
6 Price to maximize profits as sales decline
7 Use price skimming or penetration depending upon latent demand
8 Utilize sales promotion to encourage brand switching
9 Promote the brands positioning and competitive advantages
10 Create awareness among innovators and suitable channels
11 Expand product line extensions
12 Offer a single or basic product only
13 Use penetration pricing to gain market share
14 Utilize sales promotions to win market share
15 Reduce distribution channels
16 Promote to early adopters and the early majority
17 Use competitive pricing
18 Maximize intensive distribution

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!