Reducing the Number of Features,qualities,or Price When Repositioning a Product

question 22

Multiple Choice

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

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

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Definitions:

Majority/Minority Influential Differences

The differing impacts that majority and minority groups can have on influencing opinions, behaviors, and societal norms.

Divergent Thinking

A way of solving problems characterized by creative and non-linear approaches, often leading to multiple possible solutions.

Abstract Thinking

The ability to think about objects, principles, and ideas that are not physically present; involves higher-order reasoning and complex thought processes.

Convergent Thinking

A cognitive process in which a person attempts to find a single, correct solution to a problem.