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WorksheetsMarket Segmentation
Total questions: 12
Worksheet time: 12mins
The key advantage of mass marketing, as compared to market segmentation, is:
brand building
economies of scale
customer engagement
customer understanding and being close to the customer
market responsiveness
Market segmentation is defined as dividing a market into smaller segments with distinct needs, characteristics, or behaviors that require ____
separate management teams
unique pricing points
careful attention and planning
separate marketing strategies and marketing mixes
environmental analysis
Loyalty status is a segmentation approach that would be considered to belong to which main segmentation base?
Geographic
Demographic
Psychographic
Behavioral
Benefit
If a firm considered that cultural factors were important in their marketing, then which major segmentation base would probably be most appropriate for them?
Geographic
Demographic
Psychographic
Behavioral
Benefit
Colgate toothpaste offers a broad range of toothpaste products – for sensitive teeth, teeth whitening, for cavity protection, and so on – therefore they appear to be using what form of segmentation?
Geographic
Demographic
Psychographic
Behavioral
Benefit
In terms of evaluating market segments on a criteria, each segment identified should be relatively unique as compared to other segments. This would meet the criteria of:
Measurable
Differentiable
Accessible
Actionable
Substantial
If a market segmentation approach identifies several segments that are not differential or actionable, then the recommendation would be to:
Implement a niche marketing approach
Move to mass marketing
Consider another market
Pursue the most attractive segment
Combine some of these market segments
If a bakery sells gluten-free breads and cakes for people on restricted diets and other health conscious customers that they are adopting what approach to market targeting?
Mass marketing
Differentiated marketing
Concentrated marketing
Niche marketing
One-to-one marketing
Typically, product positioning should include both points-of-difference, as well as points-of- ______
Competitive advantage
Parity
Differentiation
Pricing
Product
The biggest challenge in repositioning a brand is:
Improving the products
Changing the marketing communications
Manufacturing the product and shipping it logistically
Responding to competitor’s likely actions
Changing consumer attitudes and knowledge
In terms of product positioning, one criteria that it should meet is that it should be pre-emptive, which means that it should be:
Interesting and exciting
Clear and distinctive
Affordable and profitable
Sustainable and hard to copy
Unique in the marketplace
Perceptual maps are a ______ technique, designed to demonstrate how ______ perceive the positioning of brands in the market.
Creative, Managers
Creative, Consumers
Visual, Managers
Visual, Consumers
Insightful, Managers
