According to___________, there are five different levels of Product. Answer choicesSelect only one optionREVISITKotlerKellerLevittNone of the above
Question
According to ___________, there are five different levels of Product.
Answer choices
Select only one option
- REVISIT
- Kotler
- Keller
- Levitt
- None of the above
Solution
Answer:
The correct answer is Kotler.
According to Philip Kotler, a renowned marketing expert, there are five different levels of product that help marketers understand the value offered to customers. These levels include core benefit, basic product, expected product, augmented product, and potential product. Each level builds upon the previous one and adds more value to the customer’s experience.
This concept is fundamental in marketing and helps businesses identify how they can differentiate their products in the marketplace. The idea is to not only offer a physical product but also to provide additional benefits and services that enhance customer satisfaction. Therefore, in relation to your question, Philip Kotler's framework is the most recognized and widely cited source for the levels of product.
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