The PLC concept can be applied by marketers as a useful framework for describing how . . . . . . . .
A. Product ideas are developed
B. Products and markets work
C. To develop marketing strategies
D. Concept testing is conducted
Answer: Option B
Related Questions on Marketing Management
Launching a product in a small part of the market is called:
A. Competitive response
B. Competitive analysis
C. Test marketing
D. None of these
A. Product
B. Selling
C. Customer
D. Production
Markets which are organized and regulated by statutory measure are:
A. Regulated markets
B. Unregulated markets
C. World market
D. None of these
A. Innovators
B. Late majority
C. Early majority
D. Late adopters
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