Exam 12: Product and Service Strategies

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Rangers,a firm that provides a towing service,boasts of a very consistent performance track record and promises a quick and good quality service "anytime,anywhere." According to this information,Rangers is focusing on which of the following variables of service quality?

(Multiple Choice)
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Managers are responsible for communicating the goals of total quality management to all staff members.

(True/False)
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As consumers are willing to exert considerable effort to obtain specialty products,producers can promote them through relatively few retail locations.

(True/False)
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​Your insurance firm depends on trained telemarketers to sell its policies.After a bad experience with a call center overseas,the company has set aside a large space in its headquarters which all its callers will use.Your firm is now engaged in:

(Multiple Choice)
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Purchasers of component parts and materials need regular,continuous supplies of uniform-quality products.

(True/False)
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Which of the following is the first main activity involved in benchmarking?

(Multiple Choice)
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A chocolate bar bought while standing in the checkout line is an example of staples.

(True/False)
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​Heinz,the maker of various products including vinegar promotes the many uses for vinegar on its website and social media outlets.For example,in addition to being utilized as a food preparation ingredient,vinegar can be used to clean windows,get clothes cleaner,clean carpets,wash fresh produce and dissolve glue.By marketing the various uses of vinegar,Heinz is attempting to:

(Multiple Choice)
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Match each item with the correct statement below. -Channel intermediaries that take title to goods they handle and then distribute these goods to retailers,or business or B2B customers are known as _____.

(Multiple Choice)
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Providers can maintain inventories of their services.

(True/False)
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Which of the following examples illustrates an orphan brand?​

(Multiple Choice)
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According to the textbook,the U.S.service sector accounts for nearly _____ percent of the economy as the country shifts from a goods-producing economy to a service-producing economy.​

(Multiple Choice)
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Procter & Gamble has over 50 leadership brands and produces many products that are sold worldwide.Which of the following is most likely to be true in the event of the company adding a new and different product in its household care category?

(Multiple Choice)
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Installations' marketers typically focus their promotional efforts on employing highly trained sales representatives,often with technical backgrounds.

(True/False)
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​When Tom decided to buy a washing machine,he had very little knowledge of competing products in the market.He did research on the Internet,talked to his friends,and compared features of different models.Finally,he decided to buy an LG top load,semi-automatic washing machine.This is an example of buying a(n)_____.

(Multiple Choice)
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What are the three categories of convenience products? Give examples for each type.

(Essay)
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You work for a multinational corporation that manufactures a series of home goods,cosmetics,pet supplies,foods,and beverages.As a newly appointed head of development,you want to familiarize yourself with the company's product lines. Required: Which of the following combinations of items represents a product line?​

(Multiple Choice)
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The right blend of product lines and individual products allows a firm to maximize sales opportunities within the limitations of its resources.

(True/False)
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​As head of marketing for Clarity Eyewear,you are focused on developing a promotional campaign that provides information about the product's features.You are also working to induce channel members to stock it.Unfortunately,the company is experiencing some technical problems and financial losses related to the product.Clarity Eyewear is most likely in which stage of the product lifecycle?

(Multiple Choice)
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Gourmet restaurants and fast food chains cater to the same want satisfaction-a place to eat.However,at the gourmet restaurants you experience finely prepared cuisine served by a highly trained wait staff while at the fast food chains you may have to serve yourself.Which of the following characteristics of services best represents this difference?

(Multiple Choice)
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