Knowledge Check - STP
Quiz
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University
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Dave Vincent Mangilet
Used 9+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
________ involves dividing a market into smaller segments of buyers with distinct needs, characteristics, or behaviors that might require separate marketing strategies or mixes.
Mass customization
Market targeting
Market segmentation
Differentiation
Positioning
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
________ involves actually distinguishing the firm's market offering to create superior customer value.
Mass customization
Differentiation
Market segmentation
Diversifying
Targeting
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
________ consists of arranging for a market offering to occupy a clear, distinctive, and desirable place relative to competing products in the minds of target consumers.
Mass customization
Positioning
Segmentation
Differentiation
Targeting
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Mass marketing involves identifying market segments, selecting one or more of them, and developing products and marketing programs tailored to each.
TRUE
FALSE
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The customer-driven marketing strategy involves four steps: market segmentation, market targeting, positioning, and differentiation.
TRUE
FALSE
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
________ calls for dividing the market into regions, states, counties, cities, or even neighborhoods.
Benefit segmentation
Geographic segmentation
Demographic segmentation
Psychographic segmentation
Occasion segmentation
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
________ segmentation divides the market into segments based on variables such as age, life-cycle stage, gender, income, occupation, education, religion, ethnicity, and generation.
Geographic
Benefit
Occasion
Psychographic
Demographic
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