Marketing mix: Product | Baamboozle - Baamboozle

English 10 Public

about unit 12

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What does USP stand for?

Unique Selling Point

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The Marketing Mix helps businesses to...

Meet the needs of their customers

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What is a product life cycle?

shows the sales of a product over time

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State the correct order for the stages of the product life cycle.

Introduction, Growth, Maturity, Decline/Extention

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4 P's of Marketing (Marketing Mix)

product, price, place, promotion

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What is a benefit of branding?

It helps the product stand out from competition.

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State the best example of brand loyalty is

when a consumer keeps buying products from the same producer

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What are the benefits of developing new products?

It helps the product stand out from competition, it helps the product to be developed

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In the stages of product development a working example of the product is created, what is this called?

Prototype

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The two types of market research are:

primary & secondary

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