Market Strategy Quiz

What is one way to differentiate your product from competitors?

• Lower price

• Unique features

• Similar branding

• Same target market

Fill in the blank: A successful market strategy involves understanding your ________.

• Competitors

• Customers

• Suppliers

• Employees

Fill in the blank: Understanding your buyer persona helps in ________ your product.

• Mispricing

• Positioning

• Overproducing

• Undervaluing

What is one way to deliver a product to a customer?

• By mail

• By drone

• In person

• All of the above.

What problem are you solving with your product?

• A financial problem

• A health issue

• A convenience issue

• All of the above.

Who is your target market?

• Teenagers

• Adults

• Seniors

• All of the above.

Include a description of your product and how it solves the problem.

• It is affordable

• It is innovative

• It is reliable

• All of the above.

Where can the product be found?

• Online

• In stores

• At events

• All of the above.

How will the product be delivered to your customer?

• By mail

• By drone

• In person

• All of the above.

What is the importance of physical evidence in selling an intangible product?

• It builds trust

• It is unnecessary

• It confuses customers

• It is costly.