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Craig is being introduced to the members of the fraternity he has just joined.There are 15 members who he has not met before,and once the introductions are over,he finds he can only remember the names of the first three people and the last two people he was introduced to.He can't recall the names of any of the other members.The memory difficulty that Craig is experiencing is consistent with
Trading Down
Opting for cheaper or lower-quality products or services, often as a result of economic constraints or budget considerations.
Repositioning
The strategy of changing the marketing mix for a product or brand to target new markets or change the product's image.
Product Life Cycle Shapes
The visual representation of the stages a product goes through from its introduction to the market until its decline, typically shown as a graph.
Characteristics
Distinctive traits, features, or qualities that define an individual, group, or object.
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