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AIPMM CPM PRACTICE QUESTIONS WITH COMPLETE ANSWERS

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AIPMM CPM PRACTICE QUESTIONS WITH COMPLETE ANSWERS

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Price-Cost =


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Profit




It is type of product that the end user consume

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Consumer




It is a group of closely related products that shares the similar attributes and target
markets


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Product line




Items bought on a regular basis to meet immediate
needs.


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Convenience Products




A tool for portfolio management to determine the amount investment that should be
put into them


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Boston Consulting Group Matrix




This is what you do in the mind of the prospect

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Positioning




Length of time required for a product to be conceived and become available for sale


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Time to market




Kotler's Strategy for Mature Markets
Product or market specialist


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Market Nicher




Considered as the suicide cell


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Diversification




What are the three aspects of the whole product?


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, Core
Actual Product
Augmented




A diversification strategy that creates new product for adjacent markets


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Horizontal diversification strategy




Perceived benefits received vs. perceived price paid


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Value




In this strategy, we answer the question - Whom do we go after and how?


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Market Strategy




Other term for Product life Cycle


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