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SEM II 2022 MidTerm Review 2.0

Total questions: 22

Worksheet time: 11mins

Name
Class
Date
1.

Dividing a target market into smaller groups is:

a)

Tariff

b)

Unique selling proposition

c)

Market segmentation

d)

Embargo

2.

The entire size of a market is:

a)

Market segmentation

b)

Market potential

c)

Quota

d)

Tariff

3.

The percent of total sales in an industry by a particular company:

a)

Market segmentation

b)

Market share

c)

Market potential

d)

Quota

4.

The one feature of a good which makes it unique from the rest of the competing brands in the market is:

a)

Psychographics

b)

Market segmentation

c)

Unique selling proposition

d)

Market share

5.

The attitude that one's own group, ethnicity, or nationality is superior to others is:

a)

Racism

b)

Stererotyping

c)

Ethnocentrism

d)

Egocentrism

6.

A legal prohibition on commerce is a(n):

a)

Tax

b)

Tariff

c)

Quota

d)

Embargo

7.

A limited quantity of a particular product which under official controls can be produced, exported, or imported is a(n):

a)

Embargo

b)

Tax

c)

Tariff

d)

Quota

8.

A duty imposed by a government on imported or in some countries exported goods is a(n):

a)

Tariff

b)

Tax

c)

Quota

d)

Embargo

9.

A type of segmentation that divides a market through variables such as age, gender, or education level is:

a)

Psychographics

b)

Demographics

c)

Behavioral

d)

Geographics

10.

A type of segmentation that targets customers based on a predefined geographic border is:

a)

Psychographic

b)

Demographic

c)

Geographic

d)

Behavioral

11.

A type of segmentation that focuses on specific reactions and the ways customers make decisions to buy is: 

a)

Psychographic

b)

Demographic

c)

Behavioral

d)

Geographic

12.

A type of segmentation that focuses on the intrinsic traits the target customer possesses is:

a)

Psychographic

b)

Demographic

c)

Behavioral

d)

Geographic

13.

A qualitative and quantitative evaluation of the external market and internal resources is a:

a)

SWOT analysis

b)

Behavioral analysis

c)

Market analysis

d)

Psychographic analysis

14.

A market analysis should put customers:

a)

First

b)

Second

c)

Third

d)

Fourth

15.

Which of the following is an element of a market analysis?

a)

Target market

b)

Behavioral analysis

c)

Geographic analysis

d)

Multiple choice questions

16.

Which of the following is NOT a factor to assess in a market analysis?

a)

Opportunity

b)

Consumer behavior

c)

Barriers to entry

d)

Stereotyping

17.

The "S" in a SWOT analysis stands for:

a)

Sales

b)

Strengths

c)

Standards

d)

Shelf space

18.

The "W" in a SWOT analysis stands for:

a)

Wellness

b)

Wishes

c)

Weaknesses

d)

Watch

19.

The "O" in a SWOT analysis stands for:

a)

Opportunities

b)

Oceans

c)

Onboard analytics

d)

Orange

20.

The "T" in a SWOT analysis stands for:

a)

Target market

b)

Territory

c)

Timeliness

d)

Threats

21.

One reason to conduct a SWOT analysis is to:

a)

Determine target markets

b)

Deal with risk

c)

Set prices

d)

Beat the competition

22.

One group that conducts a SWOT analysis is:

a)

Loan officers

b)

Landlords

c)

Reporters

d)

Executives