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MM lecture quiz 4-6

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

All marketing strategy is built on STP: segmentation, targeting, and ________.

a)

positioning

b)

product

c)

planning

d)

promotion

2.

________ is the act of designing the company's offering and image to occupy a distinctive place in the minds of the target market.

a)

Valuation

b)

Positioning

c)

Pricing

d)

Commercialization

3.

The goal of positioning is to ________.

a)

discover the different needs and groups existing in the marketplace

b)

target those customers marketers can satisfy in a superior way

c)

locate the brand in the minds of consumers to maximize the potential benefit to the firm

4.

The result of positioning is the successful creation of ________, which provides a cogent reason why the target market should buy the product.

a)

an award-winning promotional campaign

b)

a customer-focused value proposition

c)

everyday low pricing

5.

The ________ defines which other brands a brand competes with and therefore which brands

a)

competitive frame of reference

b)

competitor indexing

c)

consumer profitability analysis

6.

________ are defined as companies that satisfy the same customer need.

a)

Communities

b)

Competitors

c)

Trendsetters

d)

Industries

7.

All marketing strategy is built on segmentation, targeting, and positioning.

a)

True

b)

False

8.

Positioning is the act of designing the company's offering and image to occupy a distinctive place in the minds of the target market.

a)

True

b)

False

9.

Which of the following statements about market segmentation is true?

a)

It is a process of identifying and profiling distinct groups of buyers who differ in their needs and wants.

b)

It is a process of evaluating each segment's attractiveness and selecting one or more to enter.

10.

Establishing and communicating the distinctive benefit(s) of the company's market offering for each target segment is called ________.

a)

market research

b)

market positioning

c)

marketing effectiveness

d)

market segmentation

11.

The process of selecting one or more market segments to enter is called market ________.

a)

positioning

b)

targeting

c)

segmentation

12.

A ________ consists of a group of customers who share a similar set of needs and wants.

a)

market basket

b)

market share

c)

market segment

d)

market level

13.

When Coca-Cola focused on developing its soft drink business but missed seeing the market for coffee bars and fresh-fruit-juice bars that eventually impinged on its soft-drink business, it was suffering from ________ because it defined competition in traditional category and industry terms.

a)

marketing myopia

b)

factor elimination

c)

factor reduction

14.

Positioning requires that marketers define and communicate only the differences between their brand and its competitors.

a)

True

b)

False

15.

The competitive frame of reference defines which other brands that a brand competes with.

a)

True

b)

False