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This exercise will give you some practice in determining the ideal degree of market exposure for a company. Read each case carefully and then indicate:
This exercise will give you some practice in determining the ideal degree of market exposure for a company. Read each case carefully and then indicate:
- the product class which is involved,
- the degree of market exposure (intensive, selective, or exclusive) which you think would be ideal, and
- explain why you think the indicated degree of market exposure would be ideal. State any assumptions that you have made.
- James River Paper (JRP) recently introduced Absorb, a new double-thick paper towel aimed at families with children. Primarily an industrial products manufacturer, JRP had produced paper towels for a few large grocery chains to sell as their own dealer brand. But Absorb was its first attempt at marketing a consumer product under its own brand. So far, results are not encouraging. Only a few wholesalers have taken on the line. Most are very reluctant to handle Absorb, claiming that retail shelves are already overcrowded with paper towels.
Product class (convenience, shopping, specialty, unsought) _______________
Why this product class ____________________________________________
Degree of market exposure (intensive, selective, or exclusive) _____________
Why this market exposure is ideal ___________________________________
Product class definitions
- Convenience products - products a consumer needs but isn't willing to spend much time or effort shopping for.
- Staples - products that are bought often, routinely, and without much thought.
- Impulse products - products that are bought quickly-as unplanned purchases-because of a strongly felt need.
- Emergency products - products that are purchased immediately when the need is great.
- Shopping products - products that a customer feels are worth the time and effort to compare with competing products.
- Homogeneous shopping products - shopping products the customer sees as basically the same-and wants at the lowest price.
- Heterogeneous shopping products - shopping products the customer sees as different-and wants to inspect for quality and suitability.
- Specialty products - consumer products that the customer really wants-and makes a special effort to find.
- Unsought products - products that potential customers don't yet want or know they can buy.
- New unsought products - products offering really new ideas those potential customers don't know about yet.
- Regularly unsought products - products that stay unsought but not unbought forever.
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