WorksheetsSEM II 2022 MidTerm Review 2.0
Total questions: 22
Worksheet time: 11mins
Dividing a target market into smaller groups is:
Tariff
Unique selling proposition
Market segmentation
Embargo
The entire size of a market is:
Market segmentation
Market potential
Quota
Tariff
The percent of total sales in an industry by a particular company:
Market segmentation
Market share
Market potential
Quota
The one feature of a good which makes it unique from the rest of the competing brands in the market is:
Psychographics
Market segmentation
Unique selling proposition
Market share
The attitude that one's own group, ethnicity, or nationality is superior to others is:
Racism
Stererotyping
Ethnocentrism
Egocentrism
A legal prohibition on commerce is a(n):
Tax
Tariff
Quota
Embargo
A limited quantity of a particular product which under official controls can be produced, exported, or imported is a(n):
Embargo
Tax
Tariff
Quota
A duty imposed by a government on imported or in some countries exported goods is a(n):
Tariff
Tax
Quota
Embargo
A type of segmentation that divides a market through variables such as age, gender, or education level is:
Psychographics
Demographics
Behavioral
Geographics
A type of segmentation that targets customers based on a predefined geographic border is:
Psychographic
Demographic
Geographic
Behavioral
A type of segmentation that focuses on specific reactions and the ways customers make decisions to buy is:
Psychographic
Demographic
Behavioral
Geographic
A type of segmentation that focuses on the intrinsic traits the target customer possesses is:
Psychographic
Demographic
Behavioral
Geographic
A qualitative and quantitative evaluation of the external market and internal resources is a:
SWOT analysis
Behavioral analysis
Market analysis
Psychographic analysis
A market analysis should put customers:
First
Second
Third
Fourth
Which of the following is an element of a market analysis?
Target market
Behavioral analysis
Geographic analysis
Multiple choice questions
Which of the following is NOT a factor to assess in a market analysis?
Opportunity
Consumer behavior
Barriers to entry
Stereotyping
The "S" in a SWOT analysis stands for:
Sales
Strengths
Standards
Shelf space
The "W" in a SWOT analysis stands for:
Wellness
Wishes
Weaknesses
Watch
The "O" in a SWOT analysis stands for:
Opportunities
Oceans
Onboard analytics
Orange
The "T" in a SWOT analysis stands for:
Target market
Territory
Timeliness
Threats
One reason to conduct a SWOT analysis is to:
Determine target markets
Deal with risk
Set prices
Beat the competition
One group that conducts a SWOT analysis is:
Loan officers
Landlords
Reporters
Executives
