WorksheetsUnit 4: Market Planning
Total questions: 10
Worksheet time: 5mins
___________ helps a business more closely identify its target market and its product needs.
Market Planning
Product Service Management
Financial Analysis
Distribution Channels
___________ involves identifying different groups or segments of the population to which a business will direct their products and marketing activities.
Distribution
Selling
Segmentation
Promotion
Segmentation is more beneficial to businesses than mass marketing.
True
False
The benefit of Market Segmentation is ....
Higher Rate of Success
Increases Profitability
Increases Competitiveness
Retention of Customer
All of the above
Businesses segment a market through...
Demographics
Geographics
Psychographics
Behavioral characteristics
All of the above
The statistical characteristics of human populations (such as age, race, gender, education, or annual income) used especially to identify markets are called ____________.
Geographics
Demographics
Pscyhographics
Behavioral Characteristics
A large sporting good chain segmenting its market based on the climate in its various region utilizes which type of segmentation strategy?
Demographics
Geographics
Psychographics
Behavioral Characteristics
___________ refers to information regarding a persons beliefs, interests, attitudes, values and lifestyles.
Demographics
Geographics
Psychographics
Behavioral Characteristics
Important cues provided through the buying patterns of your customers is an example of segmentation by _____________________.
Demographics
Geographics
Psychographics
Behavioral Characteristics
Social Media marketiing makes it much harder to utilize segmentation strategies.
True
False
