Reducing the Number of Features, Qualities, or Price When Repositioning

question 303

Multiple Choice

Reducing the number of features, qualities, or price when repositioning a product is referred to as

• A) product paring.
• B) down trading.
• C) product deflation.
• D) trading down.
• E) product simplification.

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Definitions:

Timeframe

A specified period during which certain events or tasks are expected to take place or be completed.

Required Rate Of Return

The lowest annual interest yield required to draw companies or individuals towards investing in a specific project or security.

Compounded Monthly

Refers to the addition of interest to the principal sum of a deposit or loan on a monthly basis, where each month's interest payment is based on the principal plus previously added interest.

Beautician

A professional who provides services related to beauty treatments for skin, hair, and nails.