Which of the Following Statements Is True of Test Marketing

question 117

Multiple Choice

Which of the following statements is true of test marketing?

• A) The amount of test marketing needed remains constant for each new product.
• B) When the costs of developing and introducing the product are low, the company will have to do significant test marketing.
• C) Test marketing is seldom done on products that are risky.
• D) Test marketing is seldom done when management is not sure of the product or its marketing program.
• E) Test marketing costs can be high, and it takes time that may allow competitors to gain advantages.

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Definitions:

Trunnion Seals

Seals used in the trunnion bearings of a vehicle to prevent the ingress of contaminants and retain lubrication for durability.

Rosebud

A type of torch tip used in welding and cutting applications, named for its rose petal-like flame pattern, commonly used for heating.

Forged Journal Cross

A forged journal cross is a component in the driveline of a vehicle, made through forging to achieve strength and durability, used to connect different shafts within the drive system.

Universal Joint

An assembly consisting of a trunnion cross and bearings that connects a pair of yokes for purposes of transmitting drive torque on an angled plane.