Non-tradition Product Life Cycles
Marketing Basics
100
What is a fad
What is a product that is extremely popular for a very short period of time?
100
what is Marketing
What is all the activities involved in getting goods and services from the businesses that produced them to the consumers that wish to purchase them.
200
What is a Knock-Off
What is a cheaper version of a product that is experiencing a Fad.
200
What is Brand Name
What is a word or group of words chosen by a retailer or manufacturer to distinguish their products from competition.
300
What is Inventory Managment
What is balancing product quality with sales; having merchandise when needed and not having merchandise when not needed.
300
What is a logo
What is a special symbol associated with a product or company.
400
What is Barriers to Entry
What are factors that prevent competition form begin profitable in a given market
500
What is a Niche
What is a section in the market in which a product dominates and into which few competitors enter; a place or position particularly suitable to the person or thing.
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