chapter 12
134. McDonald’s started with a simple concept in 1940 – fast service offering only hamburgers, cheeseburgers,
potato chips, and drinks at the start. However, they menu soon expanded to include French fries and
milkshakes. This process of menu expansion continues to today, with a broad range of sandwiches, drinks,
salads, and breakfast items to serve their customers. There does not appear to be any end in sight to the menu
items! This expansion is an example of:
a. product development.
b. market penetration.
c. diversification.
d. market development.
135. Colin owns a dog food business, but wants to develop a canine fashion line as a way of expanding his
portfolio and increasing sales and profits. One of the things customers love about Colin’s company is that all of
the products are manufactured locally, creating jobs for young people. Though he does not have a lot of money
and hopes that he won’t have to hire new staff, he thinks he might have to. Rather than developing a canine
fashion line, which of the following alternatives can you suggest to Colin?
a. Colin should use cannibalization strategy.
b. Colin should use a market penetration strategy.
c. Colin should outsource his company’s jobs to cut costs.
d. Colin should consider selling his business to a larger pet food company.
e. Colin should hire a marketing company to help him promote his products.
136. The Sanyo Xacti HD1010 was named the “2008 Gadget of the Year.” The pistol-shaped Xacti is a digital camera
and video camera in one. Instead of the bulky and heavy digital cameras and video recorders of the time, the Xacti
combined the functions of both. Xacti takes 4-megapixel stills and 1080i video. While the Xacti looked promising and
initial sales increased rapidly, it was just a few years before the cameras in cell phones were able to provide the same
capabilities in a much smaller package. As a result, sales dropped rapidly. It is safe to say the Xacti in the _______ stage
of the product life cycle.
a. decline
b. maturity
c. growth
d. introduction
137. Individuals who purchase new products almost as soon as these products reach the market are called _____.
a. late adopters
b. laggards
c. consumer innovators
d. hesitant buyers
138. A new-product innovation that is consistent with the values and experiences of potential adopters and
attracts new buyers at a relatively rapid rate is said to have high _____.
a. complexity
b. observability
c. compatibility