ZuoTi.Pro
Question

A marketer will likely need to reposition a product if ______. very few competitors offer similar...

A marketer will likely need to reposition a product if ______.

very few competitors offer similar products

customers see the product as distinct from other products in the market

marketers see the product as distinct from other products in the market

customers see the product as very similar to other products in the market

marketers see the product as very similar to other products in the market
business   Operations-Management   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

The correct answer is "customers see the product as very similar to other products in the market".

Positioning is nothing but the marketing strategy that focus on making a brand takes a unique position in the mind of the customer as compared to competing brand. This strategy is applied based on distinguishing features of the brand or by creating suitable image through advertising. So, if the customers see the product as very similar to other products in the market, so a marketer should reposition a product in order to appeal the target segment.

0 0
Add a comment
Know the answer?
Add Answer to:
A marketer will likely need to reposition a product if ______. very few competitors offer similar...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Product differentiation refers to: Multiple Choice firms who offer similar products to their competitors' products, but...

    Product differentiation refers to: Multiple Choice firms who offer similar products to their competitors' products, but that are more attractive in some way. the process of creating a standardized product with a lower-cost method than the competitors' method. the process of informing the public of differences in products as a result of error consumers who sort and group goods based on similar characteristics.

  • Question 11 (1 point) For a consumer products marketer who is selling to a reseller, which...

    Question 11 (1 point) For a consumer products marketer who is selling to a reseller, which of the following statements regarding reseller needs is MOST LIKELY correct? Resellers rarely seek promotional support from a marketer since most resellers prefer to do their own promotion and not be restricted by what a product marketer may want in exchange for offering promotional support. Resellers are not very concerned about a product's package since they know they have little input in how it...

  • Who are Amazon's competitors? (Your answer should offer a competitor timeline of sorts since competition changes...

    Who are Amazon's competitors? (Your answer should offer a competitor timeline of sorts since competition changes over time) Why do customers shop at Amazon if they can find better prices elsewhere? Why does Amazon create much of its technology from scratch? Why did the $700 million spent in year 7000 include significant outlays for off-the shelf software? If Amazon buys products from other firms and simply ships them to customers, why does it need so many of its own distribution...

  • Please Help Question 17 0.16 pts Monopolistic competitors do not enjoy the competition. As a result,...

    Please Help Question 17 0.16 pts Monopolistic competitors do not enjoy the competition. As a result, firms will never produce ataverage total cost. ___demand of perfect O perfectly inelastic; minimum O relatively elastic; maximum O relatively elastic; maximum O relatively elastic; minimum O perfectly elastic; minimum Question 18 0.16 pts A unique feature of monopolistic competition is O free entry and exit many sellers O significant barriers to entry and exit O differentiated products O similar products Question 19 0.16...

  • A company has launched a new product. This company is a reputed company with 50% market...

    A company has launched a new product. This company is a reputed company with 50% market share of similar range of products. The competitors also enter with their new products equivalent to your new product. Based on earlier experience you initially estimated that, your market share of the new product would be 50%. You carry out random sampling of 15 customers who have purchased the new product and realize that only four of them have actually purchased your product. Test,...

  • I need a detailed answer please! Choose an item (product or service) you regularly purchase and compare the prices at the 0/ business you frequent with the prices of its competitors for the same (or v...

    I need a detailed answer please! Choose an item (product or service) you regularly purchase and compare the prices at the 0/ business you frequent with the prices of its competitors for the same (or very similar) items. (Be as consistent as possible in comparing items across businesses.)

  • Can you me with; Designing an apple Watch Product All of you purchase products and services...

    Can you me with; Designing an apple Watch Product All of you purchase products and services every day, ranging from necessities, such as food, clothing, and shelter, to discretionary items, such as soda, music, and education. And marketers develop many of these products and services with you specifically in mind—just look at the stores in and around campus that cater to you.    Learning Objective. Define a target market and develop an apple watch product. Defining an apple watch Product....

  • Product Life Cycle The product life cycle is a set of phases a product must go...

    Product Life Cycle The product life cycle is a set of phases a product must go through. It starts from when the product is introduced to the stage at which the product is removed from the market. It is the processes through which the product is testing, promotion, growth, development and decline. Stages of Product Life cycle Following are the stages in Product Life cycle and and the dominant characteristics of each stage. 1. Introduction Stage: It is the first...

  • Question, at which stage of the above process is a new product most likely to fail?...

    Question, at which stage of the above process is a new product most likely to fail? Product Life Cycle: - Product Life cycle means like human life product also have different stages in its life where its gets introduced to world then it grows, gets mature and in last stage come to decline stage where product demand gets lower. There are four stage in product life cycle Introduction, growth, maturity, decline. - Introduction: In this stage product is marketed and...

  • Match the Following --- A B C D Continuing to produce an existing product or service,...

    Match the Following --- A B C D Continuing to produce an existing product or service, improving them over time, and introducing new ones, all for the same market A. Differentiation strategy --- A B C D Requires research and development to focus on introducing technologically advanced processes or products B. Focus strategy --- A B C D Targets a very small market and, in so doing, reduces greatly the number of competitors in the arena C. Innovation strategy ---...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT