Thirty years ago, the Mississippi Gulf Coast was a nice place to vacation with a white sandy beach, golfing opportunities, resort hotels, and good seafood restaurants. With the addition of casinos, the Gulf Coast improved its odds of being a tourist destination for more travelers. This is an example of a ________ strategy.
A) market-product grid
B) diversification
C) product modification
D) market modification
E) product repositioning
Correct Answer:
Verified
Q194: Market modification refers to a marketing strategy
Q195: When Wendy's wants to increase the value
Q196: Sealy, the self-proclaimed largest manufacturer of mattresses
Q197: A strategy for managing a product's life
Q198: New Balance, Inc., successfully repositioned its athletic
Q200: The sale of two or more separate
Q201: Pretzels were first introduced as a salty
Q202: Trading down refers to _ when repositioning
Q203: Which of these barriers does downsizing try
Q204: Trading up refers to
A) adding product features
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