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UNIT 2 MARKETING

Quiz by Hamza Hussain

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66 questions
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  • Q1
    What is the definition of a target market?
    The pricing strategy adopted by a company.
    The number of competitors in a market.
    A specific group of consumers that a company aims to reach with its products or services.
    The total market share of a company.
    30s
  • Q2
    Which of the following factors does NOT influence a target market?
    The geographic location of the target market.
    The age and gender of the target audience.
    The psychographics and behaviors of the target customers.
    The company's profit margin.
    30s
  • Q3
    What is the purpose of identifying a target market?
    To increase overall market share.
    To focus marketing efforts and resources on a specific group of potential customers.
    To expand into new geographical areas.
    To lower production costs.
    30s
  • Q4
    What is the primary benefit of a well-defined target market?
    Higher production efficiency.
    Increased market share.
    Lower marketing costs.
    Improved customer satisfaction and loyalty.
    30s
  • Q5
    What is the purpose of conducting market research for identifying a target market?
    To determine product pricing.
    To calculate return on investment.
    To analyze competitors' strategies.
    To gather data and insights about potential customers.
    30s
  • Q6
    What is a key benefit of targeting a niche market?
    Increased market share.
    Broader customer reach.
    Lower production costs.
    Less competition and higher customer loyalty.
    30s
  • Q7
    What is the purpose of market segmentation within target marketing?
    To divide a larger market into smaller, more manageable segments.
    To lower production costs.
    To expand the target market size.
    To diversify product offerings.
    30s
  • Q8
    Which of the following factors is NOT typically considered when defining a target market?
    Demographics and psychographics of potential customers.
    Geographic location and regional preferences.
    The company's mission statement.
    Behavioral patterns and purchasing habits.
    30s
  • Q9
    What is the primary goal of targeting a specific market segment?
    To reduce competition in the target market.
    To increase market share by reaching a larger audience.
    To efficiently allocate resources and maximize return on investment.
    To lower production costs and maximize profit.
    30s
  • Q10
    What is the purpose of a target market analysis?
    To assess the attractiveness and viability of a specific market segment.
    To estimate the market share of a company.
    To determine the pricing strategy for a product.
    To identify potential competitors in the market.
    30s
  • Q11
    What does the 'O' in SWOT analysis stand for?
    Opinions
    Opportunities
    Objectivity
    Outcomes
    30s
  • Q12
    What does the 'T' in SWOT analysis stand for?
    Tactics
    Techniques
    Target audience
    Threats
    30s
  • Q13
    What does the 'S' in SWOT analysis stand for?
    Strategies
    Success
    Strengths
    Sales
    30s
  • Q14
    What does the 'W' in SWOT analysis stand for?
    Wealth
    Wellness
    Weaknesses
    Wins
    30s
  • Q15
    What is the purpose of a SWOT analysis?
    To develop marketing strategies
    To analyze employee satisfaction
    To assess the internal and external factors that impact an organization
    To calculate financial performance
    30s

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