During the Introduction Stage of the Product Life Cycle,the Place

question 198

Multiple Choice

During the introduction stage of the product life cycle,the place element of the marketing mix is highly involved with:

• A)reducing inventory costs.
• B)gaining distribution outlets.
• C)guaranteeing there is adequate demand if a skimming pricing strategy is used.
• D)building storage warehouses and distribution centers.

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Definitions:

Persian Gulf

A shallow marginal sea of the Indian Ocean that lies between the Arabian Peninsula and Iran, known for its strategic and economic importance due to its oil reserves.

Back-arc Basin

A geological feature located behind a volcanic arc, formed by the stretching and sinking of an oceanic plate.

Trench

Long, narrow, and deep depressions on the ocean floor, often occurring at the boundaries between tectonic plates.

Philippine Sea

A section of the western Pacific Ocean east of the Philippines, notable for its depth and marine biodiversity.