Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(4) Services can be classified by - their method of delivery. - their use of idle capacity time. - the nature of their ownership. -

(4) Services can be classified by

- their method of delivery.

- their use of idle capacity time.

- the nature of their ownership.

- their location on perceptual maps.

- organizational reach.

(5) A concept test is an

- internal evaluation among members of the entire cross-functional new-product development team that consists of preliminary testing of a new product idea rather than the actual product.

- external evaluation with consumers that consists of preliminary testing of a new-product idea rather than the actual finished product.

- internal evaluation that consists of preliminary testing of a new-product idea using a mock-up or prototype of the new item.

- in-house computer simulation of the new product that closely resembles the actual product to forecast sales.

- in-depth questionnaire filled out both by internal marketing personnel and external customers to ensure that the product meets all the needs expressed in the original product plan.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foundations Of Finance The Logic And Practice Of Finance Management

Authors: Arthur J. Keown, John H. Martin, David F. Scott, John Petty, J. William Petty

5th Edition

0132019299, 9780132019293

More Books

Students also viewed these Finance questions

Question

Turnitinenabled...

Answered: 1 week ago