The strategy of trading down involves
A) adding product features but using lower quality product materials.
B) reducing product features but using higher quality product materials or ingredients.
C) reducing the number of features, quality, or price of a product.
D) seeking a less price-sensitive target market.
E) changing to a mass merchandiser retailer such as Walmart or Target.
Correct Answer:
Verified
Q204: Trading up refers to
A) adding product features
Q209: Reducing the number of features, qualities, or
Q210: Any word, device (design, sound, shape, or
Q213: Consumer advocates believe the practice of downsizing
Q214: Johnson & Johnson effectively repositioned St. Joseph
Q215: In its recent "You're not you when
Q217: Reducing the package content without changing package
Q222: The term branding refers to
A)the licensing of
Q223: Which of the following barriers does downsizing
Q224: The Coca-Cola Co. is the _ of
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