When Marketers Update Their Package Designs or Logos, They Do

question 46

Multiple Choice

When marketers update their package designs or logos, they do it in small increments of change so the change will not affect consumers' familiarity with the product. This is the principle behind:

• A) JIT.
• B) JND.
• C) PERT.
• D) 4 Ps.

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Definitions:

Point B

A specific position or location on a graph or diagram, used often in economic models to denote a particular outcome or situation.

Point A

A specific position or location often referenced in economic models or graphs to illustrate a particular scenario or outcome.

Opportunity Cost

The budgetary repercussion of passing on the subsequent top pick when decisions are taken.

Point A

A specific location or position in any defined space or context, often used in diagrams to represent particular points in economic models or graphs.