Question: Question 5 (2 points) ListenReadSpeaker webReader: Listen Which of the following is a cause of involuntary obsolescence? Question 5 options: Style obsolescence All of them
Question 5 (2 points)
ListenReadSpeaker webReader: Listen
Which of the following is a cause of involuntary obsolescence?
Question 5 options:
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| Style obsolescence |
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| All of them |
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| Technological advancements |
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| Changes in technological standards |
Question 6 (2 points)
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Which of the following is an example of extending the product life cycle to create another sales peak?
Question 6 options:
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| Craftsman offering a lifetime warranty on their tools. |
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| Hyundai building durable cars that can last longer. |
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| Apple regularly introducing new versions of iPhone. |
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| General Motors offering distinct brands such as Chevrolet, Buick, and Cadillac. |
Question 7 (2 points)
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What are the distinctive characteristics that separate services from products?
Question 7 options:
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| All of them |
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| Services usually do not involve a change in ownership. |
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| Services are characterized by greater variability in performance than products. |
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| Services are usually delivered and consumed at the same time. |
Question 8 (2 points)
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What are the primary functions of a brand?
Question 8 options:
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| all of them |
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| Identify a companys offering(s) |
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| Differentiate a companys offering(s) from the competition |
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| Create market value beyond that created by product/service attributes of a companys offering(s) |
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