Match the items of List-I with those of List-II and indicate the code of correct matching: Codes:List-I List-II a. Core benefit i. Bed, bathroom, towel, desk and closet b. Basic product ii. Clean bed sheet c. Expected product iii. Rest and sleep
a-iii, b-i, c-ii
Concept: Kotler describes five product levels - core benefit, basic product, expected product, augmented product and potential product - each layer adding value on top of the one beneath it.
The five levels are illustrated here with a hotel-room example, and three of them must be matched. The core benefit is the fundamental need the customer is really buying - for a hotel guest, rest and sleep - so a matches iii. The basic product turns that benefit into a basic version with the minimum features expected to exist - the room with its bed, bathroom, towels, desk and closet - so b matches i. The expected product is the set of attributes the buyer normally expects when buying - such as a clean bed sheet - so c matches ii.
Example: A traveller books a room seeking rest (core), receives a furnished room (basic), and takes for granted clean linen and quiet (expected).
Option check: The core benefit can only be the intangible 'rest and sleep', which rules out options 1 and 4 that tie core to physical items; and pairing basic with a clean bed sheet rather than the room's fittings (option 2) misplaces the levels. Only a-iii, b-i, c-ii fits.
Hence the correct match is a-iii, b-i, c-ii.
Marketers have traditionally classified products on the basis of three characteristics : __________ , tangibility and use.
Which one of the following can be legally protected ?
Which one of the following is the demand state where “Consumers dislike the product and may even pay to avoid it” ?
“The customer wants an inexpensive car”. This is an example of which one of the following type of needs ?
Assertion (A) : Marketers are increasingly asked to justify their investments in financial and profitability terms and rarely in terms of building the brand and customer base.
Reasoning (R) : Organizations recognize that little of their market value comes from intangible assets.
Code :
According to Five-Stage Model of the Consumer Buying Process, which one of the following sequence is followed ?
Which of the following category of goods and services is most likely to require an aggressive use of the selling concept ?
What are the four main components of holistic marketing ?
According to the __________ theory, marketers can enhance demand for a product by associating it with strong drives, using motivating cues and providing positive re-enforcement.
Consider the following statements:
(a) Brand equity is essentially the same as brand valuation.
(b) Market segmentation and product differentiation are alternative marketing strategies.
(c) Durable goods normally require less personal selling, after sales service and seller guarantees, than the non-durable goods.
(d) Price discrimination in all forms is illegal in India.
Indicate the correct statements:
Statement (I): The mindset which is commonly associated with a long-ago era when the demand for goods generally exceeded the supply, and the primary focus in business was to effectively produce medium quantities of products; finding the customers was viewed as a relatively major function.
Statement (II) : The firms with product orientation typically focus on the quality and quantity of offerings while assuming that customers will seek out and buy reasonably priced well-made products.
From the above statements indicate the correct code of being statements correct or incorrect The statements relate to concepts of marketing.
Marketers have traditionally classified products on the basis of three characteristics : __________ , tangibility and use.
Which one of the following can be legally protected ?