The Second Step in Deciding How Best to Position a Product

question 139

Multiple Choice

The second step in deciding how best to position a product is to

• A)assess the product's profit potential.
• B)conduct test marketing on the product.
• C)evaluate consumer feedback.
• D)analyze competitors' positions.
• E)clearly define the product's competitive advantage.

---

Definitions:

Voidable

A term referring to a legal agreement or transaction that may be declared invalid by one of the parties due to certain defects or irregularities.

Voidable

Voidable is a legal term describing a contract or transaction that may be valid but can be annulled by one of the parties due to certain deficiencies.

Undue Influence

A situation where an individual is able to persuade another's decisions due to the relationship between the two parties, often leading to an unfair advantage.

Dominant Person

An individual or entity in a position of power or influence over others, often within a legal or business context.