WorksheetsMM lecture quiz 4-6
Total questions: 15
Worksheet time: 8mins
All marketing strategy is built on STP: segmentation, targeting, and ________.
positioning
product
planning
promotion
________ is the act of designing the company's offering and image to occupy a distinctive place in the minds of the target market.
Valuation
Positioning
Pricing
Commercialization
The goal of positioning is to ________.
discover the different needs and groups existing in the marketplace
target those customers marketers can satisfy in a superior way
locate the brand in the minds of consumers to maximize the potential benefit to the firm
The result of positioning is the successful creation of ________, which provides a cogent reason why the target market should buy the product.
an award-winning promotional campaign
a customer-focused value proposition
everyday low pricing
The ________ defines which other brands a brand competes with and therefore which brands
competitive frame of reference
competitor indexing
consumer profitability analysis
________ are defined as companies that satisfy the same customer need.
Communities
Competitors
Trendsetters
Industries
All marketing strategy is built on segmentation, targeting, and positioning.
True
False
Positioning is the act of designing the company's offering and image to occupy a distinctive place in the minds of the target market.
True
False
Which of the following statements about market segmentation is true?
It is a process of identifying and profiling distinct groups of buyers who differ in their needs and wants.
It is a process of evaluating each segment's attractiveness and selecting one or more to enter.
Establishing and communicating the distinctive benefit(s) of the company's market offering for each target segment is called ________.
market research
market positioning
marketing effectiveness
market segmentation
The process of selecting one or more market segments to enter is called market ________.
positioning
targeting
segmentation
A ________ consists of a group of customers who share a similar set of needs and wants.
market basket
market share
market segment
market level
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.
marketing myopia
factor elimination
factor reduction
Positioning requires that marketers define and communicate only the differences between their brand and its competitors.
True
False
The competitive frame of reference defines which other brands that a brand competes with.
True
False
