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Product Planning Test Review

AB
Capital itemsindustrial products that aid in the buyer’s production or operations
Materials and partsraw materials and manufactured materials and parts usually sold directly to industrial users
Convenience productsconsumer products and services that the customer usually buys frequently, immediately, and with a minimum comparison and buying effort
Shopping productsconsumer products and services that the customer compares carefully on suitability, quality, price, and style
Specialty productsconsumer products and services with unique characteristics or brand identification for which a significant group of buyers is willing to make a special purchase effort
Unsought productsconsumer products that the consumer does not know about or knows about but does not normally think of buying
Brand licensinglegal licensing agreement for which the licensing company receives a fee, such as a royalty, in return for allowing another company to use its brand/brand mark/trade character.
co-brandingcombines one or more brands in the manufacture of a product or in the delivery of a service
Line ExtensionExtending an existing brand name to new forms, colors, sizes, ingredients, or flavors of an existing product category
Brand extensionnew product categories
MultibrandsPepsiCo Soft drink brands
mixed-brandThey offer a combination of manufacturer, private distributor, and generic brands
Defining Product IdentityPackages are often used to promote an image such as prestige, convenience or status.
Providing InformationGive directions for using the product, and information about its contents, product guarantees, nutritional values, or potential hazards


Business Education Teacher
South Carroll High School
MD

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