Under what circumstances might it be wise for a company to do little or no test marketing?
A. When management is not sure of the marketing program
B. When the costs of developing and introducing the product are low
C. When the product has no substitutes and is new in its category
D. When management is not sure of the product
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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