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Consumer-Generated Reviews Can Provide Valuable Information That a Company Can

question 51

True/False

Consumer-generated reviews can provide valuable information that a company can use to develop a marketing plan,make product modifications,and to enhance service strategies.


Definitions:

Manufacturer-Sponsored Retail Franchise System

A retail model where manufacturers support and brand franchise stores, allowing them to sell their products exclusively.

Service-Sponsored Retail Franchise System

A franchising partnership where the franchisee offers services guided and branded by the franchisor, typically seen in sectors like hotels, car rentals, and fast food.

Administered Vertical Marketing System

A coordinated marketing strategy where a single member of the supply chain manages the promotion and distribution of products, without formal agreement.

Selective Distribution

A level of distribution density whereby a firm selects a few retailers in a specific geographic area to carry its products.

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