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:

Probability

This represents the chance that a specific event will occur, measured on a scale from 0, indicating no possibility, to 1, indicating complete certainty.

February 29

An extra day added to the calendar in leap years, occurring every four years, to keep the calendar year synchronized with the astronomical year.

Defective Batteries

Batteries that fail to meet the necessary performance standards due to manufacturing flaws or damage.

Probability

A numerical scheme to denote how likely an event is to occur, on a scale from 0 to 1.