Question: Question 2 4 0 . 6 4 pts In test - marketing a few representative cities are selected to introduce the product with a full
Question
pts
In testmarketing
a few representative cities are selected to introduce the product with a full promotional campaign.
some stores carry a new product and marketers manage pricing to see resulting sales.
consumers are allowed to try the product at no cost and are reoffered the same product at a reduced price multiple times.
consumers are exposed to the product in an engineered market situation to guage reactions.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
