MIDTERM EXAM BE2

Customer Feedback:

Listening to customer suggestions and making improvements increases satisfaction.

• TRUE

• FALSE

Attractive Packaging:

Better packaging catches attention and makes the product more appealing..

• TRUE

• FALSE

Skilled Sales Team:

A knowledgeable sales team closes more deals.

• TRUE

• FALSE

Limited Editions:

Creating urgency with unlimited-time offers drives quick purchases

• TRUE

• FALSE

Strong Economy:

People have no money to spend, leading to higher sales.

• TRUE

• FALSE

Delays, shortages, or higher production costs can limit the availability and increase the price, leading to fewer sales.

• Ineffective Distribution

• Supply Chain Problems

New laws or regulations can restrict product sales or distribution.

• Ineffective Changes in Consumer Preferences

• Legal or Regulatory Issues

Constant discounts can devalue the product and hurt long-term sales.

• Ineffective Changes in Consumer Over-reliance on Discounts

• Changes in Consumer Preferences

If customers don’t feel loyal to the brand, they may easily switch to others.

• Lack of Customer Royalty

• Lack of Customer Loyalty

A difficult or time-consuming purchase process can discourage customers.

• Complex Buying Process:

• Complex Buying Progress