When a present product is introduced to a new market it is called

Related MCQs

• Which of the following is the stage of new product development in which the product and marketing program are tested in more realistic market testing?
• When a firm introduces new product to a market in which it is well established it is called
• A strategy of setting a high price for a new product in the market so that the company makes fewer but more profitable sales is
• The pricing strategy which sets a very high initial price for the new product so as to make maximum profit is
• The pricing strategy which sets a very high initial price for the new product so as to make maximum profits is
• __________________ concerned with developing new goods/services and updating old ones
• ___________ refers to less variety in the design of products, that is, new products are designed such that there is no major variation from the existing products.
• ___________means critical investigation in order to acquire new knowledge
• Marketing mix is the market mechanism consisting of elements like
• Marketing management includes_________the product & services.