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The question "What is it?" evokes which kind of response?
Simulated Test Markets
A procedure in which the firm builds a mock shopping experience for participants, in order to observe their response to marketing stimuli.
Online Test Marketing
A technique used to evaluate the marketability of a product through targeted advertising campaigns and surveys on digital platforms before widely releasing it.
Less-expensive Forms
Refers to cheaper or more cost-effective versions or alternatives of products or services.
NPD Process
The stages a company undergoes to develop and market a new product, from idea generation to commercialization.
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