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32 questions
Show answers
- Q1Put the steps in the evaluation of a potential target market in the correct order:Users re-arrange answers into correct orderJumble30s
- Q2Put the steps of the positioning process in the correct order:Users re-arrange answers into correct orderJumble30s
- Q3When the heterogeneous market is divided into fairly homogeneous subsets of customers it is called …positioningsegmentationtargeting30s
- Q4The process of deciding which segment(s) to pursue is called …segmentationpositioningtargeting30s
- Q5When the company must decide how to compete effectively in a market and need to make a decision concerning the competitive advantage to be achieved it is called …segmentationtargetingpositioning30s
- Q6An advantage of segmentation is that it increases costs and market share on various marketing activities which result in higher profit margins.TrueFalse30s
- Q7An advantage of segmentation is that funds can be allocated better.FalseTrue30s
- Q8Which one of the following is NOT a prerequisite for market segmentation?It must be accessibleIt must be small enoughIt must be measurableIt must be actionable30s
- Q9A disadvantage of segmentation is that it is very expensive and only covers a limited market.FalseTrue30s
- Q10Which one of the following is NOT a prerequisite for market segmentation?It must be actionableIt must be identicalIt must be accessibleIt must be large enough30s
- Q11Demographic segmentation bases include…Lifestyle and personalityRegion and climateLoyalty status and purchase occasionAge and annual income30s
- Q12Geographic segmentation bases include…Lifestyle and personalityRegion and climateLoyalty status and purchase occasionAge and annual income30s
- Q13Psychographic segmentation bases include…Loyalty status and purchase occasionRegion and climateAge and annual incomeLifestyle and personality30s
- Q14Behavioural segmentation bases include…Lifestyle and personalityLoyalty status and purchase occasionAge and annual incomeRegion and climate30s
- Q15LSM is taken into account with … segmentation.GeographicDemographicBehaviouralPsychographic30s