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Define “product layers.” Give examples for each layer

1.Define “product layers.” Give examples for each layer.2.What are the stages of the product life cycle? How do marketers change their strategy as the product moves from one stage to the next?1 of 15One of the major advantages of publicity is thatconsumers often view it as more credible than advertising.it gives marketers the maximum possible control over the message.it targets the intended audience more accurately than other promotional tools.it has the power to stimulate an immediate desire to buy the product.Question2 of 15Changing the marketing mix or finding new uses for a product can often extend the period of time a product remains profitable during its life cycleTrueFalseQuestion3 of 15The brand name, features, and packaging of a product are considered part of the actual productTrueFalseQuestion4 of 15When Pillsbury reached an agreement with M&Ms to include the candy in one of its ready-to-bake cookie dough products, the two companies were using a strategy known as cobrandingTrueFalseQuestion5 of 15Product differentiation attempts to create real or perceived differences among competitors’ products in the minds of consumersTrueFalseQuestion6 of 15People see the Nike Swoosh on athletic shoes as well as on an assortment of athletic apparel for almost every sport. Lately, the company has begun branching out into several entirely new product categories such as MP3 players. This indicates that Nike has decided to pursue a strategy ofbrand equity.line extension.cobranding.brand extension.Question7 of 15In the introduction stage of the product life cycle, marketing efforts focus onbuilding customer awareness of the product.reinforcing brand positioning.dynamic innovation.protecting market share from competitors.Question8 of 15_____ is the paid integration of branded products in movies and on television.AdvertisingPublicityPromotional mixProduct placementQuestion9 of 15In the growth stage of the product life cycle, competitionis virtually nonexistent because competitors have had enough time to introduce their own products.will begin as competing firms introduce their own versions of the product.has already become well-established, with many weaker firms already leaving the market.will spur major price cuts that dramatically cut into profits.Question10 of 15MBI’s sales strategy is based on having its sales representatives take the time to develop lasting relationships with their customers. The focus is on obtaining a thorough understanding of the needs of each customer so that the representatives can provide practical ways to meet these needs with MBI’s products and services. This is an example of a form of promotion known aspreemptive selling.consultative selling.tactical promotion.customer advocacy.Question11 of 15The more difficult it is for consumers to grasp what a product does and how it works, the slower that product’s _____ tends to be.movement through the product life cyclerate of diffusionbusiness cyclerate of market separabilityQuestion12 of 15Using integrated marketing communication involves creating different product messages for different media in order to adjust for the unique strengths and weaknesses of each mediumTrueFalseQuestion13 of 15BOGO—Buy One, Get One free—at Payless Shoes is a great example of what kind of promotion?Trade promotionSamplesPromotional promotionPremium promotionQuestion14 of 15The sales process follows six key stages, but before the process begins, salespeople must havean understanding of the product, industry, and competition.completed sales training in the use of effective prospecting techniques.an understanding of sales channel marketing tactics.an understanding of missionary, personal, and consultative selling practices.Question15 of 15Dale owns a heavy-haul trucking company specializing in the transportation of dimensional lumber products and other building materials. His company is typically cheaper and faster than his competitors. He’s looking for the right positioning statement. Which might be best?”Breaking the speed limit for you””Dale’s trucking provides better service at lower cost.””Faster service, lower cost, no job too big””Haulin’ planks, baby”

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