Creating Value for a Consumer Product Via Place Decisions Involves

question 122

Multiple Choice

Creating value for a consumer product via place decisions involves

• A)putting the product in the front of the store.
• B)designing creative displays to capture consumers' attention.
• C)pricing products differently at different stores.
• D)making sure the product is available where and when customers will want it.
• E)focusing exclusively on Internet sales to reduce supply chain costs.

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Definitions:

Import Tariffs

Taxes imposed by a government on goods and services imported into a country.

Joint Ventures

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.

Global Market

The international trading system comprising of buyers and sellers from different countries, facilitating the exchange of goods, services, and capital across borders.

Buying

The act of obtaining goods or services in exchange for money, or the procurement process in businesses.