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

question 185

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 the product is defined on important attributes-the place the product occupies in the retailers' minds relative to competing products.

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Definitions:

Connected Refrigerator

A type of smart appliance that uses internet connectivity to offer additional features such as inventory tracking and remote control.

Voice Commands

A technology that allows users to operate a device or software using spoken instructions instead of manual inputs like typing or clicking.

Technological

Relating to or involving technology, especially in regards to its development, application, and impact on society.

Cloud Computing

The delivery of computing services over the Internet, including storage, servers, databases, networking, software, analytics, and intelligence.