your Principles of Marketing material. Kahoot questions are typically concise, fast-
paced, and focused on engagement, usually with 4 answer options and one correct,
Latest update 2025
Terms in this set (15)
What is a product in marketing? Anything that can be offered to satisfy a need or want.
What are the four types of Convenience, Shopping, Specialty, and Unsought products.
consumer products?
What characterizes Frequently purchased, low price, little buying effort, widely
convenience products? available.
What is a specialty product? A product with unique characteristics that buyers make special effort
to obtain.
What is an unsought product? A product the consumer doesn't normally consider or know about.
What is the definition of a An intangible product that does not result in ownership.
service?
What are the four Intangibility, Inseparability, Variability, Perishability.
characteristics of services?
What does inseparability in Services cannot be separated from their providers.
services mean?
What is co-branding? Two established brands working together on one product.
What is a brand extension? Using an existing brand name to enter a new product category.
What is multibranding? Marketing multiple brands in the same product category.
What are the stages of the Development, Introduction, Growth, Maturity, Decline.
product life cycle (PLC)?
What happens during the Sales rise rapidly, profits increase, competitors enter.
growth stage of PLC?
What occurs in the maturity Sales growth slows, competition increases, profits may decline.
stage of PLC?
What are strategies for Maintain, Harvest, or Drop the product.
products in decline stage?