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WorksheetsProduct Management Chapter 3 Quiz
Total questions: 20
Worksheet time: 20mins
Which of the product management requires market analytics for product managers?
Positioning in the marketplace
Distribution
Logistics
Pricing
This is where the Competitive advantage comes from providing__________ to customers that competitors cannot imitate.
Price
Marketing channel
Unique value
Place
Which of the following means draws from collected data or market research directly gathered from the source?
Market
Market segmentation
Market analysis
Market innovation
This analysis provides insight into your competitors strengths, liabilities, goals, and methods.
Competitive analysis
Product analysis
Product development
Market analysis
These visual tools allow marketers to compare their product or service with those of their competitors.
Competitive analysis
Product analysis
Segmentation
Positioning map
This refer to the ability to influence consumer perception regarding a brand or product relative to competitors
Market analysis
Competitive analysis
Market positioning
Product analysis
Product managers usually improve competitiveness by meeting market needs better than the_______?
Market
Competition
Brand
Price
This refer to market analysis in order to create such data collection, research and interviews.
Market plan
Business analytics
Research
Inventory
Competitive analysis provides insight into your competitors strengths, liabilities, goals, and _______?
Methods
Performance
Procedure
Guidlines
The following aspect of product is concerned with the ease and efficiency of the product performance.
Functional aspect
Operational aspect
Durability aspect
Aesthetic aspect
'Marketing research' can be a broader term than 'market research', covering research into the whole of the marketing process.
True
False
Large market size, does not always mean that the market has growth potential.
True
False
Festive Flowers have a number of shops, each of which serves a specific area. What type of market segmentation base are they using?
psychographics
demographics
geographic
behavioural
As part of a university project, Kamil stood outside a cinema and counted the people going in. He recorded men, women and children separately and noted how many were in each group. Which research technique was he using?
survey
focus group
observation
case study
experimentation
What is the term for the process of dividing a total market into subgroups so that each group consists of buyers and users who share similar characteristics, but who are different from those in the other groups?
market subdivision
market targeting
market positioning
market segmentation
Which of the following are categories of marketing research?
pricing research
market research
sales and distribution research
all of the above
none of the above
What is secondary data?
data that has already been published
unreliable data
back-up data
data contained in appendices
extra data
What is the marketing term for a relatively small, well-defined and very focused target market?
a customised market
a targeted market
a gap in the market
a niche market
In a SWOT analysis, which two elements are part of the internal environment?
strengths and threats
opportunities and threats
strengths and opportunities
weaknesses and strengths
weaknesses and threats
Imagine you are conducting a SWOT analysis for a British manufacturer who exports to Thailand. If the Thai currency becomes unstable, which category would you place that in for your analysis?
opportunity
weakness
economic
strength
threat
