Product positioning refers to Multiple Choice the place a product offering occupies in consumers' minds on important attributes. using a market-product grid to place products in their appropriate places on that grid to identify potential untapped markets. the competitive advantage of one product over another. an outdated concept that assigns product value by association with social class. changing the place a product occupies in a consumer's mind relative to competitive products.

Match the vocabulary word to the correct definition. 1. compensation 2. corporate social responsibility 3. discrimination 4. benefits 5. biodegradable a. a business’s obligation to the community and the environment b. the ability to naturally break down or decompose c. treating someone differently because of his or her race, religion, gender, sexual orientation, or disabilities d. indirect and non-cash compensation paid to employees e. the salary and other benefits for doing a job

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. question 1 options: true false

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