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A series of questions and answers related to icev marketing concepts. It covers various aspects of marketing strategy, including target market identification, marketing mix, segmentation, and promotion. Useful for students studying marketing principles and can be used for self-assessment or review purposes.
Typology: Exams
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Marketing strategy - correct answer Which of the following combines finding a target market and using a marketing mix? Four - correct answer There are how many foundations to marketing? Economics - correct answer Which of the following is NOT one of the seven pillars of marketing? Producers and consumers are usually separated in several ways - correct answer Effective marketing is difficult because of which of the following? Customer - correct answer Mark goes to a department store in search of the perfect gift for his son's birthday. Mark is considered to be which of the following? Hispanic - correct answer Which of the following populations are the largest ethnic group in the United States? Generation X - correct answer Which generation is arguably the most educated? Target market - correct answer A similar group of customers a company wants to attract is known as which of the following? Demographic - correct answer Targeting teenagers is an example of which type of segmentation? Areographic - correct answer Which of the following is NOT a type of segmentation?
Promotion - correct answer Personal selling can be a part of ____ and involves direct spoken communication between sellers and customers. Product, price, place, promotion - correct answer What are the four marketing strategies businesses use to determine customer needs? Appropriate channels selected - correct answer What is NOT a reason a new product might fail? Telemarketing - correct answer Which of the following is NOT an example of sales promotion? Reacting as they would in the real world to price - correct answer Research group volunteers can effectively help by doing which of the following? Cost per view - correct answer Which of the following is NOT a way online advertising can be purchased? business to business - correct answer Industrial marketing is also known as which of the following? Content marketing - correct answer Focusing on attracting and retaining customers by continually creating relevant products is known as which of the following? Distributive marketing - correct answer Which of the following is NOT considered a trend in marketing? Stores unwanted information on the device - correct answer Which of the following was NOT listed as a disadvantage of mobile marketing? True - correct answer It is rare for a completely new product to enter markets and be successful. Help overcome separations and discrepancies between producers and consumers - correct answer Why are the "Seven Pillars of Marketing" important to marketing strategies?
False - correct answer Mass markets are a homogeneous group of consumers to which producers wish to appeal. Segmentation by location - correct answer Which of the following is NOT an example of demographic segmentation? Distributing pricing - correct answer What is NOT a type of pricing? False - correct answer The marketing mix includes place, price, positioning and promotion. Negative views on products they replace - correct answer The success of negative driven products relies on consumers __________. Targeting consumers and launching promotional campaigns - correct answer Marketers use MSAs for which of the following reasons? True - correct answer Marketers look at disposable income and discretionary income when marketing to consumers. A and C (Identifying generic markets and Segmenting the generic markets into target markets) - correct answer Market segmentation involves which of the following?