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The amount by which the average transportation charge exceeds the actual cost of shipping to a particular destination under postage stamp pricing is called phantom freight.

Penetration pricing is often used in a market in which a new product is likely to face strong competition when introduced.

A product that has attained a monopoly position with its consumers is in the brand preference stage of brand loyalty.

Public relations efforts such as publicity frequently offer lesser credibility than other promotional techniques.

A sponsor purchases access to the sponsored activity’s audience and the image associated with the activity.

Mass consumption and geographically dispersed markets make advertising particularly appropriate for marketing goods and services aimed at large audiences likely to respond to the same promotional messages.

Manufacturers’ brands are also called national brands.

The term “atmospherics” exclusively refers to the interior décor of a store.

Other things being equal, stores with a higher inventory turnover rate can cover their costs and earn a profit while charging a smaller markup.

Fears of product tampering have forced many firms to improve package designs.