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Market Concepts and Segmentation

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

The foundation of a marketing plan is also known as:

a)

Situational Analysis

b)

Observation

c)

Empirical Research

d)

Experimental Research

2.

The marketing mix is also known as:

a)

Market Functions

b)

Market Segmentation

c)

The Four P's of Marketing

d)

Market Concept

3.

Which is not a Market Segmentation

a)

Geographic

b)

Infographic

c)

Behavioral

d)

Psychographic

4.

True or False: Brand loyalty impacts buying behavior.

a)

True

b)

Falso

5.

An example of demographics is...

a)

The Tri-State Area

b)

Product Usage

c)

Gender

d)

Active Lifestyle

6.

All the potential customers that have common wants and needs and are willing to buy is the definition for:

a)

Market

b)

Product

c)

Promotion

d)

Place

7.

Which is not part of the The 4 P's of Marketing?

a)

Price

b)

Possession

c)

Product

d)

Place

8.

True or False: Psychographics can be what people value, their lifestyles, their hobies, and attitudes.

a)

True

b)

False

9.

Focusing all marketing decisions on a very specific group of people you want to reach is known as:

a)

Target Marketing

b)

Personal Sales

c)

Marketing Mix

d)

Market Research

10.

True or False: Situational analysis does not help you identify your target market.

a)

True

b)

False

11.

Behavioral Segmentation can include:

a)

Age

b)

Product Usage

c)

Hobbies

d)

Lifestyles

12.

Choosing where to sell a product is an example of what component of the marketing mix?

a)

Price

b)

Promotion

c)

Placement

d)

Product

13.

True or False: Deciding how you will advertise a product is a promotion strategy.

a)

True

b)

False

14.

Opportunities and threats are...

a)

External Threat

b)

Internal Threat

15.

True or False: Values are an example of a Psychographic Segmentation

a)

True

b)

False

16.

SWOT stands for Strengths, Weakness, Opportunity, Threats.

a)

True

b)

False

17.

An example of Geographic Segmentation is...

a)

Income

b)

Household Size

c)

Southeast Region

d)

Education

18.

In order to make a profit, a marketer must meet the _________ of a consumer.

a)

Price

b)

Demands

c)

Wants and Needs

d)

Payment Methods

19.

True or False: A successful marketer does not let demand impact the price of a product

a)

True

b)

False

20.

Market Segmentation can help marketers identify ___________.

a)

Target Markets

b)

Social Corporate Responsibility

c)

Promotion Strategies

d)

All of the Above