EXAM ACTUAL COMPLETE REAL EXAM QUESTIONS
AND CORRECT ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+ | NEWEST EXAM | BRAND
NEW!!
Nature and characteristic of a service - ANSWER-
intangibility
inseparability
variability
perishability
What are the 4 Kotler's Market Strategies? - ANSWER-
Product
,Price
Promotion
Place
What are Porter's 5 forces? - ANSWER-Intensity of
Competitive Rivalry
Threat of New Entrants
Threat of Substitute
Bargaining Power of Customers
Bargaining Power of Suppliers
What are the 7 phases of PLC? - ANSWER-Conceive
Plan
,Develop
Qualify
Launch
Deliver
Retire
What are the steps of NPD? (Phases) - ANSWER-
Conceive
Plan
Develop
Qualify
What is the strategy for existing market/existing product?
(Ansoff's Growth Matrix) - ANSWER-Market Penetration
, What is the strategy for existing market/new product?
(Ansoff's Growth Matrix) - ANSWER-Product Development
What is the strategy for NEW market/existing product?
(Ansoff's Growth Matrix) - ANSWER-Market Development
What is the strategy for new market/new product?
(Ansoff's Growth Matrix) - ANSWER-Diversification
Market Objective: Gain awareness
Competition: None
Product: One
Price: Skimming/Penetration