What are the advantages of traditional retail store? What are the types of pricing promotions? How does Convenience store compete with supermarkets and super-centers? What does the Diffusion of the Bell Curve tell us consumer adoption to new‐to‐the‐world products? What are the benefits of pioneer or breakthrough products? What is the life cycle of fashion trends? How do computer gaming companies keep up in a market where sales come mostly from new products? What are the limitations in the use of internal Research and Development (R&D) for new ideas? How long can a product stay in the maturity stage of the product life cycle? What does the demand curve show? What does the demand curve show for prestige products? What does price elasticity of demand measure? What do odd prices often suggest to consumers?