Examlex
Kellogg's is introducing a new brand of breakfast cereal that is high in fibre and targeted at adults between the ages of 25 and 50. The marketing objectives for the introduction are to generate trial and repeat purchase during the 3-month product launch. Which of the following sales promotion tools work best for Kellogg's?
Private Good
A product or service that is exclusively owned and consumed by the individual or entity that purchases it, characterized by rivalry and excludability in consumption.
Excludable
A good or service is considered excludable if it's possible to prevent non-paying consumers from accessing it.
Rival
In economic terms, a good or service that cannot be enjoyed or consumed by more than one person at the same time.
Artificially Scarce Good
A product or service whose supply is deliberately limited, often to maintain high prices or for other non-market reasons.
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