A, True or False (2’X10=20')1
Items sold in the convenience stores are usually more expensive than similar items sold in the supermarket
The marginal effect of advertising on sales is always same throughout different stages of new product diffusion
Strategy guru Michael Porter's three “generic" strategies are: cost leadership , diversification, and focus
The sales quantity of a new product is evenly distributed in different time periods
Post—purchase satisfaction is a function of the consumer’s product expectations and the product’s perceived performance
Personal communication is a more efficient way to increase consumer’s new product awareness level than advertising7
New product development involves very high cost and risks of failure
Therefore, companies should not