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Product Management Chapter 3 Quiz

Total questions: 20

Worksheet time: 20mins

Name
Class
Date
1.

Which of the product management requires market analytics for product managers?

a)

Positioning in the marketplace

b)

Distribution

c)

Logistics

d)

Pricing

2.

This is where the Competitive advantage comes from providing__________ to customers that competitors cannot imitate.

a)

Price

b)

Marketing channel

c)

Unique value

d)

Place

3.

Which of the following means draws from collected data or market research directly gathered from the source?

a)

Market

b)

Market segmentation

c)

Market analysis

d)

Market innovation

4.

This analysis provides insight into your competitors strengths, liabilities, goals, and methods.

a)

Competitive analysis

b)

Product analysis

c)

Product development

d)

Market analysis

5.

These visual tools allow marketers to compare their product or service with those of their competitors.

a)

Competitive analysis

b)

Product analysis

c)

Segmentation

d)

Positioning map

6.

This refer to the ability to influence consumer perception regarding a brand or product relative to competitors

a)

Market analysis

b)

Competitive analysis

c)

Market positioning

d)

Product analysis

7.

Product managers usually improve competitiveness by meeting market needs better than the_______?

a)

Market

b)

Competition

c)

Brand

d)

Price

8.

This refer to market analysis in order to create such data collection, research and interviews.

a)

Market plan

b)

Business analytics

c)

Research

d)

Inventory

9.

Competitive analysis provides insight into your competitors strengths, liabilities, goals, and _______?

a)

Methods

b)

Performance

c)

Procedure

d)

Guidlines

10.

The following aspect of product is concerned with the ease and efficiency of the product performance.

a)

Functional aspect

b)

Operational aspect

c)

Durability aspect

d)

Aesthetic aspect

11.

'Marketing research' can be a broader term than 'market research', covering research into the whole of the marketing process.

a)

True

b)

False

12.

Large market size, does not always mean that the market has growth potential.

a)

True

b)

False

13.

Festive Flowers have a number of shops, each of which serves a specific area. What type of market segmentation base are they using?

a)

psychographics

b)

demographics

c)

geographic

d)

behavioural

14.

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?

a)

survey

b)

focus group

c)

observation

d)

case study

e)

experimentation

15.

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?

a)

market subdivision

b)

market targeting

c)

market positioning

d)

market segmentation

16.

Which of the following are categories of marketing research?

a)

pricing research

b)

market research

c)

sales and distribution research

d)

all of the above

e)

none of the above

17.

What is secondary data?

a)

data that has already been published

b)

unreliable data

c)

back-up data

d)

data contained in appendices

e)

extra data

18.

What is the marketing term for a relatively small, well-defined and very focused target market?

a)

a customised market

b)

a targeted market

c)

a gap in the market

d)

a niche market

19.

In a SWOT analysis, which two elements are part of the internal environment?

a)

strengths and threats

b)

opportunities and threats

c)

strengths and opportunities

d)

weaknesses and strengths

e)

weaknesses and threats

20.

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?

a)

opportunity

b)

weakness

c)

economic

d)

strength

e)

threat