Chapter 9 New-Product Development and Product Life-Cycle Strategies 1) What are the two ways that a company can obtain new products? A) line extension and brand management B) internal development and brand management C) new-product development and acquisition D) service development and product extension E) market mix modification and research and development Answer: C Diff: 2 Page Ref: 258 Skill: Concept Objective: 9-1 2) Product improvements, product modifications, and original products can all be classified as ________. A) pioneer products B) new products C) product concepts D) product ideas E) test products Answer: B Diff: 1 Page Ref: 258 Skill: Concept Objective: 9-1 3) Which of the following is NOT …show more content…
All of the following are common external sources EXCEPT ________. A) customers B) suppliers C) competitors D) trade shows and magazines E) the firm's executives Answer: E Diff: 1 Page Ref: 260-261 Skill: Concept Objective: 9-2 12) The purpose of idea generation is to create a ________ number of ideas. The purpose of succeeding stages is to ________ that number. A) small number; reduce B) small number; increase C) large number; increase D) large number; reduce E) limited number; sustain Answer: D Diff: 2 Page Ref: 262 Skill: Concept Objective: 9-2 13) GrayBerry Gifts has just brainstormed a large number of ideas for adding new products and services after visiting several buying fairs. The owners will begin the first idea-reducing stage, called ________, to arrive at a realistic number to adopt. A) business analysis B) idea generation C) concept testing D) idea screening E) concept development Answer: D Diff: 2 Page Ref: 262 Skill: Concept Objective: 9-2 14) Which of the following is most likely to be included in an executive's write up of a new-product idea to be presented to a
4. Focus has to be put completely on it as the promotions and advertising would take a lot of efforts.
j.Explain and justify which of these your business may use when marketing their product or service (one of the businesses products/services you have explained within task d).
VI. You must have an in-depth explanation of how these could achieve the aims and objectives of your business proposal.
3. You do NOT need to answer all of them—pick three that make the most sense to you. Your close reading will help you generate ideas for your essay.
2. Determine the need for the new product or service. Next, provide an overview of the market you intend to enter, and defend why this market is ripe for the introduction of this product or service at this particular time.
a) Articulate the vision, mission, and strategy of your organization (or business unit or division).
32) A concept in retailing that helps explain the emergence of new retailers is called the ___________ hypothesis.
10) According to _____ approach, your brain houses a "mind" whose mental processes allow you to remember, make decisions, plan, set goals, and be creative. (1 pt) cognitive
C. Inferential Questions (“higher-order thinking” within the text). Construct a series of inferential questions (basic questions at the level of
banner as did many new food entries in the latter months of2003, or do you choose a name in
However, marketers should not become complacent and they may seek to inject new life into the brand to prolong the growth stage and put off the onset of maturity. A mature product may need a facelift, and marketers must decide whether to support a declining brand or let it die a natural death.
Our assignment is to create and promote an innovative product. In developing a new product, we started with an idea generation. This is a systematic search for new-product ideas. Companies go through many ideas before they come to find some good ones. We had to do the same thing. We thought of many ideas on our own. It was more of an internal idea source as opposed to going outside of our partnership for ideas. Our first idea was a restaurant with half of it an actual restaurant and the other half an automobile tuner shop. The next idea was a new energy drink that would be less costly and better tasting. Our next idea came up when we were sitting
A. What are creative work environments? What does a manager need to do to develop and manage