Using the PLC Concept to Develop Marketing Strategy Can Be

question 51

Multiple Choice

Using the PLC concept to develop marketing strategy can be difficult because strategy is both a and a(n) of the product's life cycle.

• A)beginning;end
• B)cause;result
• C)purpose;effect
• D)result;mirror image
• E)mirror image;cause

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Definitions:

Brand Recognition

The extent to which consumers can identify a brand by its attributes, symbol, or design, without seeing the brand name.

Taco Bell

An American-based chain of fast food restaurants known for its Mexican-inspired menu items such as tacos and burritos.

Brand Messaging

Communications strategies and tactics used by companies to convey their brand's values, personality, and promises to potential and existing customers.

Competitive Environment

The dynamic external system in which a business competes and functions, including factors such as competitors, customers, and regulations.