Knowledge Check - STP

Knowledge Check - STP

University

25 Qs

quiz-placeholder

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Knowledge Check - STP

Knowledge Check - STP

Assessment

Quiz

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University

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Created by

Dave Vincent Mangilet

Used 9+ times

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25 questions

Show all answers

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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