Kitchen Dishcloths Are Often Difficult to Rinse Clean and Typically

question 16

Multiple Choice

Kitchen dishcloths are often difficult to rinse clean and typically dry slowly.3M has developed a disposable ScotchBrite Microfiber Kitchen Cloth that rinses easily and dries quickly.Because this is a brand new product to the market,it can be said to be in the ________ stage of its product life cycle.

• A)extension
• B)maturity
• C)growth
• D)expansion
• E)introduction

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Definitions:

Prestige Price

A pricing strategy where prices are set higher than average to create a perception of the product being exclusive or of superior quality.

Customary Pricing

A pricing method based on traditional prices for goods and services, often influenced by consumer expectations or market history.

Fixed-price

An agreement where the price of a product or service is set and not subject to change.