17) Product standardization results in:
A.higher production costs.
B.lower design costs.
C.lower marketing efficiency.
D.increased competition.
E.higher lead times.
18) Which of the following is a question that firms are likely to ask during an external
analysis?
A.What are the strengths and weaknesses of our product or service?
B.Who influences the decision to buy our product?
C.How does our product or service compare with competition?
D.What are our products key benefits?
E.Does our product have unique selling points?
19) Which of the following is a disadvantage of bounce-back coupons?
A.They do not attract nonusers of a particular brand.
B.They are redeemable on the purchase of a different product.
C.They do not induce customers to repurchase the brand.
D.They are not useful for a brand that has reached the maturity stage.
E. They are not useful for products that are in the early phases of their life cycle.