Yummy Peanut Butter created a new coconut-flavored peanut butter that it tested in a small number of representative cities. The

Question

3 years ago

9

Yummy Peanut Butter created a new coconut-flavored peanut butter that it tested in a small number of representative cities. The

company plans to use the results to forecast national sales and profits. Which of the following did the firm use?
A.
ambush marketing
B.
standard test markets
C.
affinity marketing
D.
simulated test markets
E.
controlled test markets

Business

1 answer:

Sati [7] · Answer 1 · 2022-01-24T18:16:09+03:00

Answer:

B.

standard test markets

Explanation:

Standard test markets is when a set of representative cities are selected and the full marketing mix is tested in these areas before a new product launch. The new products are sold through their normal channels to simulate reality.

Yummy peanuts is testing its new coconut flavored peanut butter in a group of representative cities. Aimed at forecasting national sales and profit. This is use of standard test markets.

Yummy Peanut Butter created a new​ coconut-flavored peanut butter that it tested in a small number of representative cities. The

Yummy Peanut Butter created a new coconut-flavored peanut butter that it tested in a small number of representative cities. The