Commoditize
Interactive Video
•
Business
•
University
•
Hard
Wayground Content
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary factor that distinguishes commodities in the market?
Customer service
Packaging
Price
Brand reputation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How might a firm attempt to differentiate its product in a commoditized market?
By improving customer service
By offering a wider range of colors
By charging a higher price to suggest exclusivity
By increasing the product size
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a natural outcome in a competitive marketplace according to the video?
Commoditization
More product recalls
Increased advertising
Higher customer loyalty
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What can disrupt the process of commoditization in the market?
A new advertising campaign
An increase in market regulations
A decrease in production costs
A technological change or shift in customer preferences
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to new products in the market over time due to competition?
They become less popular
They become more commoditized
They become more expensive
They become more unique
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