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 ?
Match the items of List-I with the items of List-II and indicate the code of correct matching:
| List-I | List-II |
|---|---|
| a. Latent demand | i. More consumers would like to buy the product than can be satisfied. |
| b. Full demand | ii. Consumers may be attracted to products that have undesirable social consequences. |
| c. Overfull demand | iii. Consumers may share a strong need that cannot be satisfied by an existing product. |
| d. Unwholesome demand | iv. Consumers are adequately buying all products put into the market place. |
Codes:
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.
Arrange the following stages in the marketing process of an enterprise:
A. Marketing Mix
B. Marketing program implementation
C. Marketing planning
D. Market research
E. Control and evaluation of marketing programs
Choose thecorrectanswer from the options given below:
Which of the following is the characteristic of a product?
Which of the following is an example of durable goods?
Traditionally, marketing has been viewed as:
_______ is making it more a challenge today than ever before, to upgrade customer services to get an edge over the competitiors.