These days, competition is fierce. It's no longer possible just to make a product and hope that

Question:

These days, competition is fierce. It's no longer possible just to make a product and hope that it sells; products must be designed with end users in mind. Lextant Corporation provides design research for its business customers, including PepsiCo, Procter & Gamble, Motorola, Goodyear, Whirlpool, Microsoft, and Hard Rock Café. Its name comes from the word lexicon meaning a "vocabulary or language"-in this case, a language of consumers. The privately held Columbus, Ohio-based company strives to translate this language into actionable insights, equipping its clients to design for the motivations, behaviors, and desires of their customers.

1. Why is the Lextant product a derived-demand business product?
2. What types of business markets does Lextant serve?
3. When purchasing Lextant services, what type of buying method would be used: description, sampling, inspection, or negotiation?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Foundations of Marketing

ISBN: 978-0547154565

3rd Edition

Authors: William M. Pride, O. C. Ferrell

Question Posted: