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Sam Reuter, marketing manager for Herbal Shampoo Company, has to choose one of three different proposed labels for a new herbal shampoo. How might Sam pretest consumer response to the labels?
Competitive Intelligence
The systematic gathering, analysis, and application of information about competitors, market trends, and other external factors affecting an organization's competitive position.
Standardize
The process of making something conform to a standard.
MRO Supplies
Maintenance, Repair, and Operations (MRO) supplies are goods used in the production process but do not become part of the end product, including lubricants, safety equipment, and cleaning supplies.
Decentralization
The distribution of decision-making power away from a central authority, allowing for more localized or divisional decision control.
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