You might also be thinking, Which of these is the best example of a convenience product?
Soft drinks, coffee, bread, and other convenience items are examples of convenience products.
Similarly, Which of the following is an example of product line?
Footwear, apparel, and equipment are among the company’s product ranges. Frito Lay, Gatorade, Quaker Oats, and Tropicana are among the numerous brands owned by PepsiCo (PEP).
But then this question also arises, What is the name for the process of arranging for a product to occupy a clear?
Positioning on the market Formulating competitive positioning for a product and a thorough marketing mix; arranging for a product to hold a clear, unique, and desirable place in the minds of target customers relative to rival items.
Which of the following is the best example of a nondurable good?
Consumer nondurable items are bought for immediate or near-immediate consumption and have a shelf life of minutes to three years. Food, drinks, clothes, shoes, and fuel are all examples of these.
What are the examples of convenience products?
Products of Convenience Food, drink, laundry detergent, toilet paper, deodorant, and toothpaste are all examples. All of these items are readily accessible at the local store, and customers may buy them on a daily, weekly, or monthly basis. As a result, they’re dubbed “convenient items.”
Related Questions and Answers
What is a convenience product?
Consumers are most likely to purchase convenience items. They are purchased without much thought or comparison to alternative possibilities. Convenience items are often low-cost, undifferentiated from other products, and positioned in areas where customers may readily buy them.
What are the types of product line?
– Expansion or Filling of Product Lines (Width, Depth, Dual). – Repositioning of Product Lines (Product Modification, Product Trading). – Reduction in Product Line (Harvest, Continuation, Concentration).
What is product line and product range?
A product range (or product line) is a collection of items (such as cellphones, laptop computers, microwave ovens, and so on) that have the following characteristics: In terms of shape and/or function, they are quite similar. are comparable in price. Similar consumer groups are targeted for marketing and sales.
What is a product category in marketing?
A product category is a collection of connected items with comparable qualities. Product category marketing is concerned with promoting certain product categories in order to match customer expectations. The structuring and grouping of your product categories should be guided by your different offers and consumer profiles. 29.12.2021
Which of the following best describes product positioning?
Which of the following is the most accurate description of product positioning? arranging for a product to hold a clear, distinct, and desirable position in the minds of target customers in comparison to rival items
What do we call the collection of businesses and products that make up the company?
A company’s portfolio is made up of the several companies and products that make it up. There are two phases to creating a business portfolio.
Which of the following would be considered a durable good?
Appliances such as washers, dryers, refrigerators, and air conditioners are examples of consumer durable items, as are tools, computers, TVs, and other electronics, jewelry, vehicles and trucks, and home and office furniture.
Which of these is an example of a durable good?
Bicycles, books, household goods (home appliances, consumer electronics, furniture, tools, and so on), sports equipment, jewelry, medical equipment, and toys are examples of consumer durable products. Durable products are the polar opposite of nondurable goods, or soft things (consumables).
What is an example of a business product?
Raw materials, equipment, component components, supplies, and business services are examples of business goods. Companies utilize business software to support critical business processes.
What are the three types of convenience products?
– Soft drinks. – Bead Cereals are a good example of this. – Coffee. – Fruits and vegetables.
What are the 4 types of consumer products?
Consumer products may be divided into four groups in terms of marketing: convenience, shopping, speciality, and unsought items. These classifications are based on consumer purchasing habits.
Why convenience product is the best?
Because a convenience item is easily accessible, it usually does not need a lengthy decision-making process. Newspapers and sweets are convenience items, as opposed to speciality goods, such as vehicles, which are more costly and typically have a higher opportunity cost for the customer.
What is a business product?
What are the different types of company products? A product, concept, technique, information, item, or service that is developed as a consequence of a process that fulfills a need or want. A seller provides a customer a mix of physical and intangible properties (benefits, features, functions, and uses) for purchase.
How are products classified?
Convenience goods, shopping goods, specialized products, and unsought goods are the four sorts of items that are categorised based on customer behaviors, pricing, and product qualities. 19.08.2021
What is product range in entrepreneurship development?
A product range is a collection of variants of a single product that are developed to generate items that are comparable yet unique. Each version of the product is tailored to appeal to a certain market niche in order to increase sales and expand the client base.
Why is product range important to a business?
A single product may help you build your company to a certain point, but you’ll need more to keep going. This is why having a product line is crucial. For a corporation that has already carved out a niche for a single sort of product, a product range is rather low-hanging fruit.
Watch This Video:
“Which of the following is most likely to be an example of an unsought product?” This is a question that I will ask you. The answer to this question would be “drafting tables”. Reference: which of the following is most likely to be an example of an unsought product?.
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