The Idea That a Good Product Will Sell Itself Is

question 5

Multiple Choice

The idea that a good product will sell itself is associated with the ________ era of marketing.

• A)production-oriented
• B)sales-oriented
• C)market-oriented
• D)value-based marketing
• E)retailing-oriented

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Definitions:

Process Modifications

Changes or adjustments made to existing processes or procedures in order to improve efficiency, quality, or performance.

Life Cycle

The series of stages that an entity (such as a product, project, or organism) goes through from its inception to its conclusion or demise.

Competitive Advantage

is the attribute that allows an organization to outperform its competitors, often through superior quality, innovation, or cost efficiency.

Product Design

The process of creating new products by conceiving, designing, and iterating, focusing on both functionality and appearance.