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Identifying Market Segments and Targets

When the firm concentrates on serving needs of any specific customer group, it is considered as __________?

July 17, 2022October 3, 2021 by admin
When the firm concentrates on serving needs of any specific customer group, it is considered as __________?

A. product specialization
B. market specialization
C. single product concentration
D. mass customization

Categories Identifying Market Segments and Targets, Marketing Mcqs

The VALS segmentation framework dimension ‘consumer resources’ is classified as ________?

July 17, 2022October 3, 2021 by admin
The VALS segmentation framework dimension ‘consumer resources’ is classified as ________?

A. the stretch dimension
B. the strength dimension
C. the horizontal dimension
D. the vertical dimension

Categories Identifying Market Segments and Targets, Marketing Mcqs

The fun-loving and trendy people whom resources are constrained and limited are classified as _________?

July 17, 2022October 3, 2021 by admin
The fun-loving and trendy people whom resources are constrained and limited are classified as _________?

A. non-believers
B. believers
C. strivers
D. non-strivers

Categories Identifying Market Segments and Targets, Marketing Mcqs

The conventional people with concrete beliefs and conservative are called ___________?

July 17, 2022October 3, 2021 by admin
The conventional people with concrete beliefs and conservative are called ___________?

A. non-believers
B. believers
C. strivers
D. non-strivers

Categories Identifying Market Segments and Targets, Marketing Mcqs

The people who express taste and independence are classified as ____________?

July 17, 2022October 3, 2021 by admin
The people who express taste and independence are classified as ____________?

A. actualizes
B. non-actualizes
C. makers
D. non-makers

Categories Identifying Market Segments and Targets, Marketing Mcqs

The U.S consumers prefer familiar brands and are loyal to establish brands are classified as __________?

July 17, 2022October 3, 2021 by admin
The U.S consumers prefer familiar brands and are loyal to establish brands are classified as __________?

A. strivers
B. non-strivers
C. non-believers
D. believers

Categories Identifying Market Segments and Targets, Marketing Mcqs

The people who don’t have to spend much on products are considered as ________?

July 17, 2022October 3, 2021 by admin
The people who don’t have to spend much on products are considered as ________?

A. savvy shoppers
B. non-savvy shoppers
C. enthusiast
D. non-enthusiast

Categories Identifying Market Segments and Targets, Marketing Mcqs

The passive people who are very concerned about their favorite brands are considered as _________?

July 17, 2022October 3, 2021 by admin
The passive people who are very concerned about their favorite brands are considered as _________?

A. survivors
B. non-survivors
C. destroyers
D. makers

Categories Identifying Market Segments and Targets, Marketing Mcqs

The potential and attractive target market are classified as __________?

July 17, 2022October 3, 2021 by admin
The potential and attractive target market are classified as __________?

A. traditionalist
B. savvy shoppers
C. overwhelmed
D. non-enthusiast

Categories Identifying Market Segments and Targets, Marketing Mcqs

The process of creating ‘Value Proposition’ is considered as __________?

July 17, 2022October 3, 2021 by admin
The process of creating ‘Value Proposition’ is considered as __________?

A. segment profitability
B. segment positioning
C. acid test segments
D. marketing mix

Categories Identifying Market Segments and Targets, Marketing Mcqs
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