Product Decisions 2
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Product Decisions 2
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25 Questions

1. The most important functions of packaging are to contain and protect products, promote products, facilitate product storage, and facilitate recycling.
2. Sebastian got a haircut this afternoon. His haircut cannot be called a product, however, because it is a service, not a tangible good.
3. Because there is not much difference between different brands of milk, milk would be classified as a homogeneous product.
4. A warranty does not confirm the quality or performance of a good or service.
5. Coca-Cola is one of the world’s largest manufacturers of beverages. It makes over 2,800 different beverage products, including sparkling drinks, waters, juices, juice drinks, teas, coffees, sports drinks, and energy drinks. The great variety of beverages made by Coca-Cola represents its product mix.
6. Because there is not much difference between different brands of milk, milk would be classified as a homogeneous product.
7. An elementary school teacher purchased a ream of art paper, a box of crayons, and some modeling clay. The teacher intends to use these products in her classroom, so they would be classified as business products.
8. Devore loves southern-style cooking and always buys Glory Foods brand of collard greens, blackeyed peas, and hot sauces. In fact, she refuses to purchase any other brand because Glory Foods products taste just like her grandmother’s cooking. Devore is showing intense brand loyalty.
9. When the manufacturer of French's classic yellow mustard introduced French's Dijon mustard, French's Honey mustard, and French's Sweet Onion mustard, it was an example of cobranding.
10. Procter & Gamble’s Olay line of skin products is very popular and profitable. P&G has launched an Olay body wash that is supposed to fight wrinkles. This is an example of a repositioning.
11. The most important functions of packaging are to contain and protect products, promote products, facilitate product storage, and facilitate recycling.
12. All sales have an implied warranty under the Uniform Commercial Code.
13. A warranty does not confirm the quality or performance of a good or service.
14. Sebastian got a haircut this afternoon. His haircut cannot be called a product, however, because it is a service, not a tangible good.
15. The best generator of repeat sales is satisfied customers.
16. Retailers love national brands because overhead is low and there are no marketing costs, and they bring higher margins than private brands.
17. Inez believes makeup is the most important part of her wardrobe. She spends considerable time comparing the prices, skin tones, and color options available at various cosmetics counters in department stores. For Inez, makeup is a convenience product.
18. All sales have an implied warranty under the Uniform Commercial Code.
19. Kellogg’s, Hanes, and General Electric are examples of a manufacturer’s brand.
20. Branding has three main purposes: product identification, repeat sales, and new-product sales.
21. Trademark protection only lasts for five years.
22. Branding has three main purposes: product identification, repeat sales, and new-product sales.
23. Rolex watches are very expensive, can only be purchased in high-end jewelry stores located in large metropolitan areas, and most buyers will accept no substitutes. Rolex watches are an example of a shopping product.
24. A company that wants to market its product globally has only two branding strategies available: either use the brand name everywhere or develop a new brand name for each different market.
25. Isaac Golding, owner of a tutoring service, has developed a design for his firm that includes an owl wearing large spectacles and carrying a satchel crammed full of books and papers. He plans to use this design on all communications the firm sends out. This design is called the firm's brand name.