362. You just finished meeting with your boss and he is very upset about the most recent customer survey results for the
firm. A majority of the respondents complained about the limited number of product lines your firm offers. Which of
following recommendations should you make to your boss?
The firm needs to lengthen its product life cycle.
The firm needs to expand the width of its product mix.
The firm needs to shorten its product life cycle.
The firm needs to expand the depth of its product mix.
The firm needs to expand the length of its product mix.
MARK.PRID.16.11.03 – LO: 11–03
United States – BUSPROG: Reflective Thinking: Re – BUSPROG: Reflective Thinking
United States – AK – DISC: Product
A-Head: Product Line and Product Mix
363. Your firm just completed its annual marketing strategies conference where all the top marketers in the firm get
together to discuss last year’s sales and marketing performance. In this year’s meeting, there was a lot of discussion about
improving the firm’s product life cycle management. There was a lot of discussion about how best to manage a product
that is in the decline stage. You were assigned the responsibility for managing all products in the decline stage using a
harvesting approach. Based on this directive, you will:
immediately withdraw all marketing support for products in the decline stage.
arrange for another firm to acquire the products in the decline stage.
slowly increase marketing expenditures on products in the decline stage.
gradually reduce marketing expenditures on products in the decline stage.
develop an aggressive, resource-intensive marketing mix for products in the decline stage.
MARK.PRID.16.11.04 – LO: 11–04
United States – BUSPROG: Reflective Thinking: Re – BUSPROG: Reflective Thinking
United States – AK – DISC: Product
A-Head: Product Life Cycles and Marketing Strategies
364. You are the assistant manager for consumer product adoption strategies. Your job requires you to manage the third
stage of the five-stage product adoption process. Which one of the following statements is true in regards to your job
focus?
You should focus on making sure buyers are aware of your product’s existence.
You should focus on encouraging the current buyers of your product to become repeat buyers.
You should focus on making sure buyers clearly understand your product’s benefits.
You should focus on providing information about your product.
United States – AK – DISC: Product
A-Head: Classifying Products
Bloom’s: Knowledge