A Product's Position Is the Way the Product Is Defined

question 71

True/False

A product's position is the way the product is defined by the retailers who sell it to target markets.It is how it is defined on important attributes-the place the product occupies in the retailers' minds relative to competing products.

---

Definitions:

Social Media

Online platforms that enable users to create, share, or exchange information, ideas, and content with others.

Transparency

The quality of being easily seen through or understood, often used metaphorically to describe openness and honesty in operations or intentions.

Openness

The willingness to share ideas and information freely, and to be receptive to new experiences and diverse perspectives.

Minimize Distractions

Efforts made to reduce or eliminate factors that divert attention from the task at hand.