Question: Question 33 When a new product innovation is relatively difficult to understand or use, the characteristic of __________ slows the adoption rate of the new
Question 33
When a new product innovation is relatively difficult to understand or use, the characteristic of __________ slows the adoption rate of the new product.
| relative advantage | ||
| divisibility | ||
| communicability | ||
| complexity | ||
| compatibility |
Question 34
Zocor, a statin (simvastatin) prescribed to combat high cholesterol and to reduce the risk of coronary heart disease, is marketed internationally by Merck & Co. With sales of approx. $ 5bn in 2003, it was the companys most important sales driver and the second largest product worldwide, preceded only by its competitor Lipitor offered by Pfizer. In Germany, Zocor was launched in 1989, but its patent expired in May 2003.
The German subsidiary of Merck (called MSD Sharp & Dohme) decided to introduce a new brand, Zocor MSD, in January 2003, four months prior to patent expiration. MSD decided to name this new product, Zocor MSD in order to stress its well-proven quality and harness the reputation of Zocor and MSD. Zocor MSD is cheaper than Zocor, but would be more expensive than the generics. Zocor MSD could be best described as a ___________
| Cash cow | ||
| Low-end Entry brand | ||
| Flanker/fighter brand | ||
| High-end prestige brand | ||
| dog |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
