Deck 6: Segmentation, Targeting, and Positioning

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Question
A company develops a variety of exotic breads targeted at suburban areas where large families reside, and the demand for easy breakfast options is high.In this case, the segmentation approach used by the company is:

A)geographic segmentation.
B)behavioural segmentation.
C)demographic segmentation.
D)occasion segmentation.
E)psychographic segmentation.
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Question
A chainsaw company markets its products only in areas with forests.In this case, the segmentation approach used by the company is:

A)geographic segmentation.
B)benefit segmentation.
C)demographic segmentation.
D)behavioural segmentation.
E)psychographic segmentation.
Question
A company that sells bags launches a category of bags featuring children's favourite cartoon characters.It also launches a line of stylish travel bags for adults.In this case, the segmentation approach used by the company is:

A)geographic segmentation.
B)benefit segmentation.
C)demographic segmentation.
D)occasion segmentation.
E)psychographic segmentation.
Question
A sports goods manufacturing company has started creating marketing campaigns to specifically target the female market.In this case, the segmentation approach used by the company is:

A)geographic segmentation.
B)benefit segmentation.
C)demographic segmentation.
D)loyalty segmentation.
E)psychographic segmentation.
Question
Geographic segmentation refers to the segmentation of consumers based on:

A)the worth that they get from products or services.
B)where they live.
C)their product preferences.
D)their level of intelligence.
E)easily measured, objective characteristics such as age and education.
Question
A lifestyle store deals with expensive and aesthetic products.Most of its target customers belong to the elite class of society who want to make a style statement associated with exclusivity.In this case, the segmentation approach used by the store is:

A)geographic segmentation.
B)benefit segmentation.
C)demographic segmentation.
D)loyalty segmentation.
E)psychographic segmentation.
Question
What is the first step in the STP process?

A)Selecting segmentation bases
B)Evaluating segment attractiveness
C)Defining mission statement
D)Establishing overall strategy
E)Selecting the target market
Question
Of the various methods for segmenting consumers, which of the following is the one that delves into how consumers describe themselves?

A)Geographic segmentation
B)Benefit segmentation
C)Demographic segmentation
D)Loyalty segmentation
E)Psychographic segmentation
Question
A new startup company decided to target Canadians between age of 18 and 35 who use iPhone mobile for their new application.Which segmentation base(s)does the company use?

A)Demographic and behavioural segmentation
B)Geographic, behavioural and psychographic segmentation
C)Geographic and behavioural segmentation
D)Behavioural, demographic, and geographic segmentation
E)Psychographic, behavioural, and demographic segmentation
Question
Demographic segmentation refers to the segmentation of consumers based on:

A)the worth that consumers get from products or services.
B)where the consumers live.
C)how consumers describe themselves.
D)the consumers' life goals.
E)the consumers' age, gender, or education.
Question
A company makes packaged juices for the Canadian market, and different flavours are developed for specific regions.In this case, the segmentation approach used by the company is:

A)geographic segmentation.
B)benefit segmentation.
C)demographic segmentation.
D)occasion segmentation.
E)psychographic segmentation.
Question
An up-and-coming businessman buys a certain brand of apparel.This brand is associated with the image of an individual who values exclusivity and style, which is the kind of person the businessman would like to be.In the context of psychographic segmentation, the brand is appealing to the businessman's:

A)self-concept.
B)ideal point.
C)positioning statement.
D)perceptual map.
E)self-morals.
Question
Which of the following allows people to describe themselves by using those characteristics that help them choose how they occupy their time (behaviour)and what underlying psychological reasons determine those choices?

A)Demographics
B)Psychographics
C)Geodemographics
D)Chromodynamics
E)Matronymics
Question
A furniture manufacturer deals in furniture with antique designs.The furniture mimics the designs used in royal households and provides customers with a means of self-expression.People who buy such furniture feel like they are part of a royal family.In this case, the segmentation approach used by the manufacturer is:

A)geographic segmentation.
B)behavioural segmentation.
C)demographic segmentation.
D)geodemographic segmentation.
E)psychographic segmentation.
Question
Skincare Inc., a company known for its women's skin-care products, starts offering skin-care products specifically developed for single men, with income of 50k or more/year who live in large cities in the US and Canada.Which segmentation approach(es)used by the company?

A)Geographic, demographic, and behavioural segmentation.
B)Behavioural and demographic segmentation.
C)Demographic and geographic segmentation.
D)Demographic, benefit and geographic segmentation
E)Psychographic and geographic.segmentation
Question
An automobile ad is created in such a way that it appeals to people who value individuality.The company aims at grouping customers based on their personality characteristics.This is an example of:

A)geographic segmentation.
B)benefit segmentation.
C)demographic segmentation.
D)occasion segmentation.
E)psychographic segmentation.
Question
Jimmy's Own Inc.introduces different kinds of snacks for the Asian and European market.In the context of segmentation bases, this is an example of:

A)geographic segmentation.
B)benefit segmentation.
C)demographic segmentation.
D)loyalty segmentation.
E)psychographic segmentation.
Question
Goals for life, not just the goals one wants to accomplish in a day, are called:

A)self-concepts.
B)ideal points.
C)self-values.
D)lifestyles.
E)self-morals.
Question
A credit card company issues a special card only to those customers who spend more than $100,000 a year on its other cards.In this case, the segmentation approach used by the company is:

A)geographic segmentation.
B)benefit segmentation.
C)occasion segmentation.
D)demographic segmentation.
E)behavioural segmentation.
Question
The image a person has of himself or herself is called:

A)self-concept.
B)ideal point.
C)self-value.
D)lifestyle.
E)self-moral.
Question
Which of the following types of segmentation groups consumers based on the benefits they derive from products or services, their usage rate, their user status, and their loyalty?

A)Differentiated segmentation
B)Behavioural segmentation
C)Geodemographic segmentation
D)Undifferentiated segmentation
E)Concentrated segmentation
Question
The grouping of consumers on the basis of a combination of geographic, demographic, and lifestyle characteristics is called:

A)psychographic segmentation.
B)behavioural segmentation.
C)geodemographic segmentation.
D)undifferentiated segmentation.
E)concentrated segmentation.
Question
The concept of being identifiable as a prerequisite for market segmentation refers to the fact that:

A)the customers in a particular segment should react similarly and positively to a firm's offering.
B)market segments should be accessible to firms through persuasive communications and product distribution.
C)market segments should be distinct from one another for a firm to be able to design products or services to meet their needs.
D)the buying power of consumers should be high enough to generate substantial profits.
E)market segments should overlap to a great extent to facilitate marketing mix activities.
Question
Self-respect, self-fulfillment, or a sense of belonging are typically examples of:

A)perceptual maps.
B)demographics.
C)self-value goals.
D)situational objectives.
E)self-morals.
Question
Benefit segmentation refers to the segmentation of consumers based on:

A)the worth they get from products or services.
B)where they live.
C)how they describe themselves.
D)their lifestyle preferences.
E)easily measured, objective characteristics such as age, gender, income, and education.
Question
Magas is a business information service provider that helps companies by dividing the consumer market into different consumer segments.One such segment consists of neighbourhoods that are populated by wealthy families.People in this segment are more likely to take vacations on cruises and store money in offshore banks.To identify this segment, Magas has used:

A)differentiated segmentation.
B)behavioural segmentation.
C)geodemographic segmentation.
D)undifferentiated segmentation.
E)concentrated segmentation.
Question
The concept of being reachable as a prerequisite for market segmentation refers to the fact that:

A)the customers in a market segment should react similarly and positively to a firm's offering.
B)market segments should be accessible to firms through persuasive communications and product distribution.
C)market segments should be distinct from one another for a firm to be able to design products or services to meet their needs.
D)the buying power of customers should be high enough to generate substantial profits.
E)market segments should overlap to a great extent to facilitate marketing mix activities.
Question
Which of the following best describes loyalty segmentation?

A)It refers to the segmentation of consumers based on the worth they get from products or services.
B)It refers to the segmentation of consumers on the basis of where they live.
C)It refers to the segmentation of consumers on the basis of how consumers describe themselves.
D)It refers to the strategy of investing in retention and initiatives to retain a firm's most profitable customers.
E)It refers to the segmentation of consumers on the basis of easily measured, objective characteristics such as age, gender, income, and education.
Question
Marketers can track and compare sales performance among various clusters in different locations with the help of PSYTE and PRIZM CE, which are:

A)differentiated systems.
B)behavioural systems.
C)geodemographic systems.
D)undifferentiated systems.
E)concentrated systems.
Question
In a certain Canadian province, an area is populated by young Haitians who are mainly blue-collared workers as they are unskilled manual labourers.They are not highly educated and live in rented apartments.However, some Haitians who are college graduates also inhabit this low-income area.They are white-collar workers as they have desk jobs.Even though there is a difference in income, both the blue-collared workers and white-collared workers share the same lifestyle.A company that develops products to serve both groups of people is using:

A)differentiated segmentation.
B)behavioural segmentation.
C)geodemographic segmentation.
D)undifferentiated segmentation.
E)concentrated segmentation.
Question
Belco, a fast-food chain, targets young males as they account for almost 75 percent of all customers.They are called Jumbo customers.Belco has segmented its customers on the basis of usage rate, with the Jumbo customers being the heavy users.To segment its customers, Belco is using:

A)geographic segmentation.
B)behavioural segmentation.
C)psychological segmentation.
D)geodemographic segmentation.
E)partial segmentation.
Question
Which of the following is true of the PSYTE system?

A)It refers to the display, in two or more dimensions, of the position of products or brands in the consumer's mind.
B)It refers to the segmentation that tailors a product or service to suit an individual customer's wants or needs.
C)It refers to the grouping of all neighbourhoods in Canada into 60 different lifestyles clusters with specific locations.
D)It refers to a strategy in which marketers change a brand's focus to target new markets or realign the brand's core emphasis with changing market preferences.
E)It refers to the practice of interacting on a one-to-one basis with many people to create custom-made products or services.
Question
Childcare Inc.produces baby products.It provides product samples to parents-to-be in order to capture a share of their future purchases.It has created a website where parents can get expert parenting advice.It targets potential user groups who can be converted into heavy users.In this case, the company is using:

A)occasion segmentation.
B)loyalty segmentation.
C)geodemographic segmentation.
D)undifferentiated segmentation.
E)perceptual segmentation.
Question
Makers Shoes often has interesting offers for regular customers.These customers are the first to be informed about a new collection.Also, when shoes are on sale, they receive a newsletter in which they are given the opportunity to be the first to avail themselves of the special discounts available.In this case, the segmentation approach used by the company is:

A)geographic segmentation.
B)benefit segmentation.
C)demographic segmentation.
D)loyalty segmentation.
E)psychographic segmentation.
Question
Behavioural segmentation based on when a product or service is purchased or consumed is called:

A)differentiated segmentation.
B)occasion segmentation.
C)geodemographic segmentation.
D)undifferentiated segmentation.
E)concentrated segmentation.
Question
Which of the following is part of the vertical dimension as established by VALS™?

A)Ideals
B)Achievement
C)Self-expression
D)Innovativeness
E)Self-value
Question
Olympic Athletic Wear segments its markets according to the advantages that different consumers seek from its products.It has products for consumers who seek style, and it has products for others who seek performance.This is an example of:

A)geographic segmentation.
B)benefit segmentation.
C)demographic segmentation.
D)occasion segmentation.
E)loyalty segmentation.
Question
A company uses a youth icon to endorse its new range of biker glasses.The commercial symbolizes youth and freedom.An individual who wants to live a life of freedom would be attracted to the ad.In the context of psychographic segmentation, the commercial is appealing to the individual's:

A)perceptual map.
B)ideal point.
C)positioning statement.
D)lifestyle.
E)self-moral.
Question
How we live our lives to achieve goals is called:

A)self-concept.
B)ideal point.
C)self-value.
D)lifestyle.
E)self-morale.
Question
A toothpaste manufacturer segments its target population based on the four characteristics of toothpaste that it believes a customer requires: economic worth, medicinal value, cosmetic value, and taste.In this case, the segmentation approach used by the manufacturer is:

A)geographic segmentation.
B)benefit segmentation.
C)demographic segmentation.
D)loyalty segmentation.
E)occasion segmentation.
Question
The marketing strategy of selecting a single, primary target market and focusing all energies on providing a product to fit that market's needs is called a(n):

A)perceptual mapping strategy.
B)behavioural mapping strategy.
C)brand repositioning strategy.
D)undifferentiated targeting strategy.
E)concentrated targeting strategy.
Question
Mary plans to open a store in a small town north of Ontario to sell apparels, bags, and shoes.The primary target market that she considers is females between age of 15 and 50 who live close by and are taller than 6.5 feet (about 2 meters).What is the main issue with this segment?

A)The segment is not responsive
B)The segment is not identifiable
C)The segment is not substantial and profitable
D)The segment is not identifiable
E)The segment is too broad
Question
A crane manufacturing company that solely manufactures and sells salvage cranes for salvage companies is using which strategy?

A)Perceptual mapping
B)Brand repositioning
C)Ideal point
D)Undifferentiated targeting
E)Concentrated targeting
Question
A company sells a subscription service for mowing lawns.Customers typically remain subscribed for 3 years, and they pay $20.00 per month for the service, which means $240.00 ($20.00 *12 months)per year or $720.00 ($240.00 *3 years)potential revenue from the customer.In this case, the $720.00 of potential revenue is the:

A)differentiated segmentation value.
B)undifferentiated segmentation value.
C)perceptual mapping value.
D)ideal point value.
E)customer lifetime value.
Question
Mancer is a company that sells clothes.It has three different retail store formats to serve the varied needs of diverse fashion segments.In this case, which targeting strategy is the company using?

A)Differentiated
B)Homogeneous
C)Generalized
D)Undifferentiated
E)Specialized
Question
The concept of being responsive as a prerequisite for market segmentation refers to the fact that:

A)the customers in a market segment should react similarly and positively to a firm's offering.
B)market segments should be accessible to firms through persuasive communications and product distribution.
C)market segments should be distinct from one another for a firm to be able to design products or services to meet their needs.
D)the buying power of customers should be high enough to generate substantial profits.
E)market segments should overlap to a great extent to facilitate marketing mix activities.
Question
Which of the following companies is more likely to use undifferentiated targeting strategy?

A)Air Canada
B)Toyota
C)Apple
D)McDonalds
E)Hydro Quebec
Question
A company has launched a milk beverage containing chocolate.Since the beverage appeals to all age groups, the company develops a single strategy to attract children, teenagers, and adults alike.In this case, the company is using a(n):

A)geographic targeting strategy.
B)brand repositioning strategy.
C)perceptual mapping strategy.
D)undifferentiated targeting strategy.
E)ideal point strategy.
Question
Firms embrace differentiated segmentation because:

A)it is much easier to plan promotional strategies for different products being offered to different segments of the market.
B)it helps them obtain a bigger share of the market and increase the market for their products overall.
C)it does not require them to develop separate strategies for different groups.
D)it protects the dilution of the brand.
E)it is inexpensive and cost effective.
Question
A large passenger-ship company targets only old rich people for its around-the-world cruises.It ensures that all its rooms are designed to be as comfortable as possible for older people.In this case, the company is using the:

A)perceptual stimulation strategy.
B)geographic targeting strategy.
C)brand repositioning strategy.
D)undifferentiated targeting strategy.
E)concentrated targeting strategy.
Question
Customer lifetime value (CLV)refers to the:

A)sum total of benefits that a vendor promises a customer will receive in return for the customer's loyalty for his or her lifetime.
B)strategy for managing a company's interactions with customers, clients, and sales prospects.
C)total value of purchases of a customer over a lifetime of patronage.
D)tendency of a customer to stick with a brand even when it is priced higher than an otherwise equal product.
E)the provision of service to customers before, during, and after a purchase.
Question
Sam has a roofing company.He is planning to target a new segment; cottages in Northern Quebec.The segment size in that region is 80,000 houses.He believes he could reach 1% adoption in the first year.The average selling price for shingles installation in that area is $6,000 with a profit margin of 25%.His fixed cost to target the new segment would be around $100,000.What would be the segment profit?

A)$ 480,000
B)-$ 100,000
C)$ 380,000
D)$ 280,000
E)-$ 280,000
Question
Which of the following strategies refers to the marketing strategy a firm can use if the product or service it provides is perceived to provide the same benefits to everyone and there is no need to develop separate strategies for different groups?

A)Distinguished targeting strategy
B)Behavioural targeting strategy
C)Perceptual mapping strategy
D)Undifferentiated targeting strategy
E)Ideal point strategy
Question
Which of the following is an advantage of using the undifferentiated targeting strategy?

A)It helps firms to obtain a bigger share of the market and increase the market for their products overall.
B)It appeals to more customer segments.
C)It helps to diversify the business, thereby lowering the company's overall risk.
D)It is much easier to plan promotional strategies for different products being offered to different segments of the market.
E)It does away with the need to develop separate strategies for different groups.
Question
Ace Inc.is a company that sells clothes.It has two brand names, Ace 1 and Ace Kid.Each of these brands caters to the needs of two dissimilar market segments.There are varied strategies and products for the dissimilar groups.In this case, which targeting strategy is the company using?

A)Differentiated
B)Specialized
C)Homogenous
D)Undifferentiated
E)Generalized
Question
Sturdy International sells its helmets to everyone in the market.There are no different strategies or products for different groups.This is an example of a(n):

A)loyalty segmentation strategy.
B)behavioural segmentation strategy.
C)geodemographic segmentation strategy.
D)undifferentiated targeting strategy.
E)concentrated targeting strategy.
Question
Which of the following is true of micromarketing?

A)It refers to the display, in two or more dimensions, of the position of products or brands in the consumer's mind.
B)It refers to the segmentation that tailors a product or service to suit an individual customer's wants or needs.
C)It refers to the mental picture that people have about a company and its products or services relative to competitors.
D)It refers to a strategy in which marketers change a brand's focus to target new markets or realign the brand's core emphasis with changing market preferences.
E)It refers to a marketing strategy a firm can use if a product or service is perceived to provide the same benefits to everyone.
Question
The government of Ontario, like other provincial governments, charge the same fee to issue driver license.Any citizen who is eligible with get the same card and has to pay the same cost.This is an example of a(n):

A)geodemographic segmentation strategy.
B)undifferentiated targeting strategy.
C)concentrated targeting strategy.
D)differentiated targeting strategy
E)micromarketing
Question
The concept of being substantial and profitable as a prerequisite for market segmentation refers to the fact that:

A)the customers in a market segment should react similarly and positively to a firm's offering.
B)market segments should be accessible to firms through persuasive communications and product distribution.
C)market segments should be distinct from one another for a firm to be able to design products or services to meet their needs.
D)the buying power of customers in a market segment should be high enough to generate substantial returns from the market.
E)the preferences of customers in a market should overlap to a great extent.
Question
A strategy through which a firm targets several market segments with a varied offering for each is called a(n):

A)differentiated targeting strategy.
B)specialized targeting strategy.
C)generalized targeting strategy.
D)undifferentiated targeting strategy.
E)concentrated targeting strategy.
Question
A tattoo artist creates tattoos according to his customers' specifications.This is an example of:

A)brand repositioning.
B)ideal positioning.
C)perceptual mapping.
D)mass marketing.
E)micromarketing.
Question
A local bakery customizes its pastries and cakes to suit individual customer requirements.This is an example of:

A)undifferentiated segmentation.
B)micromarketing.
C)perceptual mapping.
D)brand positioning
E)geographic segmentation.
Question
A company that sells shoes has a website with a make-your-own-shoe feature.It makes a vast number of styles in every major performance category available to the customer for personalization.This is an example of:

A)mass customization.
B)brand repositioning.
C)perceptual mapping.
D)undifferentiated positioning.
E)brand extension.
Question
A company sells baseball bats.It has a website where customers can log in and choose from out of 50 variations with regard to the weight, length, thickness, and design of the bat.The customers get a bat based on their own specifications.This is an example of:

A)mass customization.
B)brand repositioning.
C)perceptual mapping.
D)ideal positioning.
E)mass marketing.
Question
Tremlock is a company that sells used cars.It was able to establish itself in the mind of the consumer as a low-cost, high-quality used-car dealer as an alternative to low-cost, low-quality new-car dealer.This is an example of:

A)differentiated targeting.
B)positioning.
C)perceptual mapping.
D)mass customization.
E)micromarketing.
Question
The last step in developing a market segmentation strategy is:

A)segmenting.
B)positioning.
C)strategizing.
D)targeting.
E)analyzing.
Question
Which of the following is true of positioning?

A)It refers to the display, in two or more dimensions, of the position of products or brands in the consumer's mind.
B)It refers to the segmentation that tailors a product or service to suit an individual customer's wants or needs.
C)It refers to the mental picture that people have about a company and its products or services relative to competitors.
D)It refers to a strategy in which marketers change a brand's focus to target new markets or realign the brand's core emphasis with changing market preferences.
E)It refers to the practice of interacting on a one-to-one basis with many people to create custom-made products or services.
Question
Stella makes a living by designing jewellery for her customers.She interviews each customer to understand his or her specific needs and then designs the jewels accordingly.Each piece of jewellery is unique.This is an example of:

A)brand repositioning.
B)positioning.
C)perceptual mapping.
D)mass marketing.
E)micromarketing.
Question
Cyclic Inc.launches a new bike in the market.Although it maintains the same quality as other bikes in the market, it offers a much lower price.Which of the following strategies is used by the company to create an image of a low-cost, high-quality brand among its consumers?

A)Undifferentiated targeting
B)Positioning
C)Perceptual mapping
D)Mass marketing
E)Micromarketing
Question
James lives in a small fishing town and builds boats for a living.He lets his customers choose their own specifications for the boats they want to purchase.This includes the colour, design, and material of the boat.This is an example of:

A)brand repositioning.
B)positioning.
C)perceptual mapping.
D)mass marketing.
E)micromarketing.
Question
The position at which a particular market segment's best product would lie on a perceptual map is referred to as a(n):

A)self-concept.
B)ideal point.
C)self-value.
D)absolute angle.
E)potential gradient.
Question
Rick, a neighbourhood tailor, makes clothes according to the requirements of each of his individual customers.This is an example of:

A)brand repositioning.
B)undifferentiated positioning.
C)perceptual mapping.
D)mass marketing.
E)micromarketing.
Question
A company launches a wide range of perfumes.Customers can go to the company's store and combine the perfumes in different ways to create unique scents.This is an example of:

A)mass customization.
B)brand repositioning.
C)perceptual mapping.
D)ideal positioning.
E)brand extension.
Question
Which of the following is true of a perceptual map?

A)It refers to the display, in two or more dimensions, of the position of products or brands in the consumer's mind.
B)It refers to the segmentation that tailors a product or service to suit an individual customer's wants or needs.
C)It refers to the mental picture that people have about a company and its products or services relative to competitors.
D)It refers to a strategy in which marketers change a brand's focus to target new markets or realign the brand's core emphasis with changing market preferences.
E)It refers to the practice of interacting on a one-to-one basis with many people to create custom-made products or services.
Question
As a positioning strategy, symbolism refers to the:

A)attributes that are most important to the target market.
B)relationship of price to quality.
C)psychological meaning of a brand to its consumers.
D)positioning of a product or service against a specific competitor.
E)position of a product in the market.
Question
As a positioning strategy, value refers to the:

A)attributes that are most important to the target market.
B)relationship of price to quality.
C)psychological meaning of a brand to consumers.
D)positioning of a product against a specific competitor.
E)position of a brand in consumers' mind.
Question
Pete's is a car rental company.It promotes itself with the line "Pete's is second to the best.So, we strive harder." When Pete's tries to create an image in the mind of the customer that it tries harder than the No.1 rental company to fulfil the demands of customers, it is using:

A)brand repositioning.
B)positioning.
C)perceptual mapping.
D)mass marketing.
E)micromarketing.
Question
Which of the following is true of mass customization?

A)It refers to the display, in two or more dimensions, of the position of products or brands in the consumer's mind.
B)It refers to a marketing strategy a firm can use if a product or service is perceived to provide the same benefits to everyone.
C)It refers to the mental picture that people have about a company and its products or services relative to competitors.
D)It refers to a strategy in which marketers change a brand's focus to target new markets or realign the brand's core emphasis with changing market preferences.
E)It refers to the practice of interacting on a one-to-one basis with many people to create custom-made products or services.
Question
Jo's Inc.manufactures seeding equipment that can be modified in about half a million ways to provide a unique version to an individual customer.Customers can order their own personalized seeding equipment from Jo's website.This is an example of:

A)mass customization.
B)brand repositioning.
C)perceptual mapping.
D)ideal positioning.
E)mass marketing.
Question
A graph shows consumer perceptions of various automobiles on the two dimensions of sportiness/conservative and classy/affordable.The graph would be called a:

A)brand map.
B)positioning map.
C)perceptual map.
D)marketing map.
E)conceptual map.
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Deck 6: Segmentation, Targeting, and Positioning
1
A company develops a variety of exotic breads targeted at suburban areas where large families reside, and the demand for easy breakfast options is high.In this case, the segmentation approach used by the company is:

A)geographic segmentation.
B)behavioural segmentation.
C)demographic segmentation.
D)occasion segmentation.
E)psychographic segmentation.
A
2
A chainsaw company markets its products only in areas with forests.In this case, the segmentation approach used by the company is:

A)geographic segmentation.
B)benefit segmentation.
C)demographic segmentation.
D)behavioural segmentation.
E)psychographic segmentation.
A
3
A company that sells bags launches a category of bags featuring children's favourite cartoon characters.It also launches a line of stylish travel bags for adults.In this case, the segmentation approach used by the company is:

A)geographic segmentation.
B)benefit segmentation.
C)demographic segmentation.
D)occasion segmentation.
E)psychographic segmentation.
C
4
A sports goods manufacturing company has started creating marketing campaigns to specifically target the female market.In this case, the segmentation approach used by the company is:

A)geographic segmentation.
B)benefit segmentation.
C)demographic segmentation.
D)loyalty segmentation.
E)psychographic segmentation.
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5
Geographic segmentation refers to the segmentation of consumers based on:

A)the worth that they get from products or services.
B)where they live.
C)their product preferences.
D)their level of intelligence.
E)easily measured, objective characteristics such as age and education.
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Unlock for access to all 129 flashcards in this deck.
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k this deck
6
A lifestyle store deals with expensive and aesthetic products.Most of its target customers belong to the elite class of society who want to make a style statement associated with exclusivity.In this case, the segmentation approach used by the store is:

A)geographic segmentation.
B)benefit segmentation.
C)demographic segmentation.
D)loyalty segmentation.
E)psychographic segmentation.
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
7
What is the first step in the STP process?

A)Selecting segmentation bases
B)Evaluating segment attractiveness
C)Defining mission statement
D)Establishing overall strategy
E)Selecting the target market
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
8
Of the various methods for segmenting consumers, which of the following is the one that delves into how consumers describe themselves?

A)Geographic segmentation
B)Benefit segmentation
C)Demographic segmentation
D)Loyalty segmentation
E)Psychographic segmentation
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
9
A new startup company decided to target Canadians between age of 18 and 35 who use iPhone mobile for their new application.Which segmentation base(s)does the company use?

A)Demographic and behavioural segmentation
B)Geographic, behavioural and psychographic segmentation
C)Geographic and behavioural segmentation
D)Behavioural, demographic, and geographic segmentation
E)Psychographic, behavioural, and demographic segmentation
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
10
Demographic segmentation refers to the segmentation of consumers based on:

A)the worth that consumers get from products or services.
B)where the consumers live.
C)how consumers describe themselves.
D)the consumers' life goals.
E)the consumers' age, gender, or education.
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
11
A company makes packaged juices for the Canadian market, and different flavours are developed for specific regions.In this case, the segmentation approach used by the company is:

A)geographic segmentation.
B)benefit segmentation.
C)demographic segmentation.
D)occasion segmentation.
E)psychographic segmentation.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
12
An up-and-coming businessman buys a certain brand of apparel.This brand is associated with the image of an individual who values exclusivity and style, which is the kind of person the businessman would like to be.In the context of psychographic segmentation, the brand is appealing to the businessman's:

A)self-concept.
B)ideal point.
C)positioning statement.
D)perceptual map.
E)self-morals.
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
13
Which of the following allows people to describe themselves by using those characteristics that help them choose how they occupy their time (behaviour)and what underlying psychological reasons determine those choices?

A)Demographics
B)Psychographics
C)Geodemographics
D)Chromodynamics
E)Matronymics
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
14
A furniture manufacturer deals in furniture with antique designs.The furniture mimics the designs used in royal households and provides customers with a means of self-expression.People who buy such furniture feel like they are part of a royal family.In this case, the segmentation approach used by the manufacturer is:

A)geographic segmentation.
B)behavioural segmentation.
C)demographic segmentation.
D)geodemographic segmentation.
E)psychographic segmentation.
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
15
Skincare Inc., a company known for its women's skin-care products, starts offering skin-care products specifically developed for single men, with income of 50k or more/year who live in large cities in the US and Canada.Which segmentation approach(es)used by the company?

A)Geographic, demographic, and behavioural segmentation.
B)Behavioural and demographic segmentation.
C)Demographic and geographic segmentation.
D)Demographic, benefit and geographic segmentation
E)Psychographic and geographic.segmentation
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
16
An automobile ad is created in such a way that it appeals to people who value individuality.The company aims at grouping customers based on their personality characteristics.This is an example of:

A)geographic segmentation.
B)benefit segmentation.
C)demographic segmentation.
D)occasion segmentation.
E)psychographic segmentation.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
17
Jimmy's Own Inc.introduces different kinds of snacks for the Asian and European market.In the context of segmentation bases, this is an example of:

A)geographic segmentation.
B)benefit segmentation.
C)demographic segmentation.
D)loyalty segmentation.
E)psychographic segmentation.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
18
Goals for life, not just the goals one wants to accomplish in a day, are called:

A)self-concepts.
B)ideal points.
C)self-values.
D)lifestyles.
E)self-morals.
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
19
A credit card company issues a special card only to those customers who spend more than $100,000 a year on its other cards.In this case, the segmentation approach used by the company is:

A)geographic segmentation.
B)benefit segmentation.
C)occasion segmentation.
D)demographic segmentation.
E)behavioural segmentation.
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
20
The image a person has of himself or herself is called:

A)self-concept.
B)ideal point.
C)self-value.
D)lifestyle.
E)self-moral.
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
21
Which of the following types of segmentation groups consumers based on the benefits they derive from products or services, their usage rate, their user status, and their loyalty?

A)Differentiated segmentation
B)Behavioural segmentation
C)Geodemographic segmentation
D)Undifferentiated segmentation
E)Concentrated segmentation
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Unlock for access to all 129 flashcards in this deck.
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k this deck
22
The grouping of consumers on the basis of a combination of geographic, demographic, and lifestyle characteristics is called:

A)psychographic segmentation.
B)behavioural segmentation.
C)geodemographic segmentation.
D)undifferentiated segmentation.
E)concentrated segmentation.
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
23
The concept of being identifiable as a prerequisite for market segmentation refers to the fact that:

A)the customers in a particular segment should react similarly and positively to a firm's offering.
B)market segments should be accessible to firms through persuasive communications and product distribution.
C)market segments should be distinct from one another for a firm to be able to design products or services to meet their needs.
D)the buying power of consumers should be high enough to generate substantial profits.
E)market segments should overlap to a great extent to facilitate marketing mix activities.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
24
Self-respect, self-fulfillment, or a sense of belonging are typically examples of:

A)perceptual maps.
B)demographics.
C)self-value goals.
D)situational objectives.
E)self-morals.
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
25
Benefit segmentation refers to the segmentation of consumers based on:

A)the worth they get from products or services.
B)where they live.
C)how they describe themselves.
D)their lifestyle preferences.
E)easily measured, objective characteristics such as age, gender, income, and education.
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
26
Magas is a business information service provider that helps companies by dividing the consumer market into different consumer segments.One such segment consists of neighbourhoods that are populated by wealthy families.People in this segment are more likely to take vacations on cruises and store money in offshore banks.To identify this segment, Magas has used:

A)differentiated segmentation.
B)behavioural segmentation.
C)geodemographic segmentation.
D)undifferentiated segmentation.
E)concentrated segmentation.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
27
The concept of being reachable as a prerequisite for market segmentation refers to the fact that:

A)the customers in a market segment should react similarly and positively to a firm's offering.
B)market segments should be accessible to firms through persuasive communications and product distribution.
C)market segments should be distinct from one another for a firm to be able to design products or services to meet their needs.
D)the buying power of customers should be high enough to generate substantial profits.
E)market segments should overlap to a great extent to facilitate marketing mix activities.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
28
Which of the following best describes loyalty segmentation?

A)It refers to the segmentation of consumers based on the worth they get from products or services.
B)It refers to the segmentation of consumers on the basis of where they live.
C)It refers to the segmentation of consumers on the basis of how consumers describe themselves.
D)It refers to the strategy of investing in retention and initiatives to retain a firm's most profitable customers.
E)It refers to the segmentation of consumers on the basis of easily measured, objective characteristics such as age, gender, income, and education.
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
29
Marketers can track and compare sales performance among various clusters in different locations with the help of PSYTE and PRIZM CE, which are:

A)differentiated systems.
B)behavioural systems.
C)geodemographic systems.
D)undifferentiated systems.
E)concentrated systems.
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
30
In a certain Canadian province, an area is populated by young Haitians who are mainly blue-collared workers as they are unskilled manual labourers.They are not highly educated and live in rented apartments.However, some Haitians who are college graduates also inhabit this low-income area.They are white-collar workers as they have desk jobs.Even though there is a difference in income, both the blue-collared workers and white-collared workers share the same lifestyle.A company that develops products to serve both groups of people is using:

A)differentiated segmentation.
B)behavioural segmentation.
C)geodemographic segmentation.
D)undifferentiated segmentation.
E)concentrated segmentation.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
31
Belco, a fast-food chain, targets young males as they account for almost 75 percent of all customers.They are called Jumbo customers.Belco has segmented its customers on the basis of usage rate, with the Jumbo customers being the heavy users.To segment its customers, Belco is using:

A)geographic segmentation.
B)behavioural segmentation.
C)psychological segmentation.
D)geodemographic segmentation.
E)partial segmentation.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
32
Which of the following is true of the PSYTE system?

A)It refers to the display, in two or more dimensions, of the position of products or brands in the consumer's mind.
B)It refers to the segmentation that tailors a product or service to suit an individual customer's wants or needs.
C)It refers to the grouping of all neighbourhoods in Canada into 60 different lifestyles clusters with specific locations.
D)It refers to a strategy in which marketers change a brand's focus to target new markets or realign the brand's core emphasis with changing market preferences.
E)It refers to the practice of interacting on a one-to-one basis with many people to create custom-made products or services.
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Unlock for access to all 129 flashcards in this deck.
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k this deck
33
Childcare Inc.produces baby products.It provides product samples to parents-to-be in order to capture a share of their future purchases.It has created a website where parents can get expert parenting advice.It targets potential user groups who can be converted into heavy users.In this case, the company is using:

A)occasion segmentation.
B)loyalty segmentation.
C)geodemographic segmentation.
D)undifferentiated segmentation.
E)perceptual segmentation.
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
34
Makers Shoes often has interesting offers for regular customers.These customers are the first to be informed about a new collection.Also, when shoes are on sale, they receive a newsletter in which they are given the opportunity to be the first to avail themselves of the special discounts available.In this case, the segmentation approach used by the company is:

A)geographic segmentation.
B)benefit segmentation.
C)demographic segmentation.
D)loyalty segmentation.
E)psychographic segmentation.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
35
Behavioural segmentation based on when a product or service is purchased or consumed is called:

A)differentiated segmentation.
B)occasion segmentation.
C)geodemographic segmentation.
D)undifferentiated segmentation.
E)concentrated segmentation.
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
36
Which of the following is part of the vertical dimension as established by VALS™?

A)Ideals
B)Achievement
C)Self-expression
D)Innovativeness
E)Self-value
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
37
Olympic Athletic Wear segments its markets according to the advantages that different consumers seek from its products.It has products for consumers who seek style, and it has products for others who seek performance.This is an example of:

A)geographic segmentation.
B)benefit segmentation.
C)demographic segmentation.
D)occasion segmentation.
E)loyalty segmentation.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
38
A company uses a youth icon to endorse its new range of biker glasses.The commercial symbolizes youth and freedom.An individual who wants to live a life of freedom would be attracted to the ad.In the context of psychographic segmentation, the commercial is appealing to the individual's:

A)perceptual map.
B)ideal point.
C)positioning statement.
D)lifestyle.
E)self-moral.
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
39
How we live our lives to achieve goals is called:

A)self-concept.
B)ideal point.
C)self-value.
D)lifestyle.
E)self-morale.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
40
A toothpaste manufacturer segments its target population based on the four characteristics of toothpaste that it believes a customer requires: economic worth, medicinal value, cosmetic value, and taste.In this case, the segmentation approach used by the manufacturer is:

A)geographic segmentation.
B)benefit segmentation.
C)demographic segmentation.
D)loyalty segmentation.
E)occasion segmentation.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
41
The marketing strategy of selecting a single, primary target market and focusing all energies on providing a product to fit that market's needs is called a(n):

A)perceptual mapping strategy.
B)behavioural mapping strategy.
C)brand repositioning strategy.
D)undifferentiated targeting strategy.
E)concentrated targeting strategy.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
42
Mary plans to open a store in a small town north of Ontario to sell apparels, bags, and shoes.The primary target market that she considers is females between age of 15 and 50 who live close by and are taller than 6.5 feet (about 2 meters).What is the main issue with this segment?

A)The segment is not responsive
B)The segment is not identifiable
C)The segment is not substantial and profitable
D)The segment is not identifiable
E)The segment is too broad
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Unlock for access to all 129 flashcards in this deck.
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k this deck
43
A crane manufacturing company that solely manufactures and sells salvage cranes for salvage companies is using which strategy?

A)Perceptual mapping
B)Brand repositioning
C)Ideal point
D)Undifferentiated targeting
E)Concentrated targeting
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Unlock for access to all 129 flashcards in this deck.
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k this deck
44
A company sells a subscription service for mowing lawns.Customers typically remain subscribed for 3 years, and they pay $20.00 per month for the service, which means $240.00 ($20.00 *12 months)per year or $720.00 ($240.00 *3 years)potential revenue from the customer.In this case, the $720.00 of potential revenue is the:

A)differentiated segmentation value.
B)undifferentiated segmentation value.
C)perceptual mapping value.
D)ideal point value.
E)customer lifetime value.
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
45
Mancer is a company that sells clothes.It has three different retail store formats to serve the varied needs of diverse fashion segments.In this case, which targeting strategy is the company using?

A)Differentiated
B)Homogeneous
C)Generalized
D)Undifferentiated
E)Specialized
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
46
The concept of being responsive as a prerequisite for market segmentation refers to the fact that:

A)the customers in a market segment should react similarly and positively to a firm's offering.
B)market segments should be accessible to firms through persuasive communications and product distribution.
C)market segments should be distinct from one another for a firm to be able to design products or services to meet their needs.
D)the buying power of customers should be high enough to generate substantial profits.
E)market segments should overlap to a great extent to facilitate marketing mix activities.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
47
Which of the following companies is more likely to use undifferentiated targeting strategy?

A)Air Canada
B)Toyota
C)Apple
D)McDonalds
E)Hydro Quebec
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Unlock for access to all 129 flashcards in this deck.
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k this deck
48
A company has launched a milk beverage containing chocolate.Since the beverage appeals to all age groups, the company develops a single strategy to attract children, teenagers, and adults alike.In this case, the company is using a(n):

A)geographic targeting strategy.
B)brand repositioning strategy.
C)perceptual mapping strategy.
D)undifferentiated targeting strategy.
E)ideal point strategy.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
49
Firms embrace differentiated segmentation because:

A)it is much easier to plan promotional strategies for different products being offered to different segments of the market.
B)it helps them obtain a bigger share of the market and increase the market for their products overall.
C)it does not require them to develop separate strategies for different groups.
D)it protects the dilution of the brand.
E)it is inexpensive and cost effective.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
50
A large passenger-ship company targets only old rich people for its around-the-world cruises.It ensures that all its rooms are designed to be as comfortable as possible for older people.In this case, the company is using the:

A)perceptual stimulation strategy.
B)geographic targeting strategy.
C)brand repositioning strategy.
D)undifferentiated targeting strategy.
E)concentrated targeting strategy.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
51
Customer lifetime value (CLV)refers to the:

A)sum total of benefits that a vendor promises a customer will receive in return for the customer's loyalty for his or her lifetime.
B)strategy for managing a company's interactions with customers, clients, and sales prospects.
C)total value of purchases of a customer over a lifetime of patronage.
D)tendency of a customer to stick with a brand even when it is priced higher than an otherwise equal product.
E)the provision of service to customers before, during, and after a purchase.
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
52
Sam has a roofing company.He is planning to target a new segment; cottages in Northern Quebec.The segment size in that region is 80,000 houses.He believes he could reach 1% adoption in the first year.The average selling price for shingles installation in that area is $6,000 with a profit margin of 25%.His fixed cost to target the new segment would be around $100,000.What would be the segment profit?

A)$ 480,000
B)-$ 100,000
C)$ 380,000
D)$ 280,000
E)-$ 280,000
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Unlock for access to all 129 flashcards in this deck.
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k this deck
53
Which of the following strategies refers to the marketing strategy a firm can use if the product or service it provides is perceived to provide the same benefits to everyone and there is no need to develop separate strategies for different groups?

A)Distinguished targeting strategy
B)Behavioural targeting strategy
C)Perceptual mapping strategy
D)Undifferentiated targeting strategy
E)Ideal point strategy
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
54
Which of the following is an advantage of using the undifferentiated targeting strategy?

A)It helps firms to obtain a bigger share of the market and increase the market for their products overall.
B)It appeals to more customer segments.
C)It helps to diversify the business, thereby lowering the company's overall risk.
D)It is much easier to plan promotional strategies for different products being offered to different segments of the market.
E)It does away with the need to develop separate strategies for different groups.
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
55
Ace Inc.is a company that sells clothes.It has two brand names, Ace 1 and Ace Kid.Each of these brands caters to the needs of two dissimilar market segments.There are varied strategies and products for the dissimilar groups.In this case, which targeting strategy is the company using?

A)Differentiated
B)Specialized
C)Homogenous
D)Undifferentiated
E)Generalized
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
56
Sturdy International sells its helmets to everyone in the market.There are no different strategies or products for different groups.This is an example of a(n):

A)loyalty segmentation strategy.
B)behavioural segmentation strategy.
C)geodemographic segmentation strategy.
D)undifferentiated targeting strategy.
E)concentrated targeting strategy.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
57
Which of the following is true of micromarketing?

A)It refers to the display, in two or more dimensions, of the position of products or brands in the consumer's mind.
B)It refers to the segmentation that tailors a product or service to suit an individual customer's wants or needs.
C)It refers to the mental picture that people have about a company and its products or services relative to competitors.
D)It refers to a strategy in which marketers change a brand's focus to target new markets or realign the brand's core emphasis with changing market preferences.
E)It refers to a marketing strategy a firm can use if a product or service is perceived to provide the same benefits to everyone.
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
58
The government of Ontario, like other provincial governments, charge the same fee to issue driver license.Any citizen who is eligible with get the same card and has to pay the same cost.This is an example of a(n):

A)geodemographic segmentation strategy.
B)undifferentiated targeting strategy.
C)concentrated targeting strategy.
D)differentiated targeting strategy
E)micromarketing
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
59
The concept of being substantial and profitable as a prerequisite for market segmentation refers to the fact that:

A)the customers in a market segment should react similarly and positively to a firm's offering.
B)market segments should be accessible to firms through persuasive communications and product distribution.
C)market segments should be distinct from one another for a firm to be able to design products or services to meet their needs.
D)the buying power of customers in a market segment should be high enough to generate substantial returns from the market.
E)the preferences of customers in a market should overlap to a great extent.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
60
A strategy through which a firm targets several market segments with a varied offering for each is called a(n):

A)differentiated targeting strategy.
B)specialized targeting strategy.
C)generalized targeting strategy.
D)undifferentiated targeting strategy.
E)concentrated targeting strategy.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
61
A tattoo artist creates tattoos according to his customers' specifications.This is an example of:

A)brand repositioning.
B)ideal positioning.
C)perceptual mapping.
D)mass marketing.
E)micromarketing.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
62
A local bakery customizes its pastries and cakes to suit individual customer requirements.This is an example of:

A)undifferentiated segmentation.
B)micromarketing.
C)perceptual mapping.
D)brand positioning
E)geographic segmentation.
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
63
A company that sells shoes has a website with a make-your-own-shoe feature.It makes a vast number of styles in every major performance category available to the customer for personalization.This is an example of:

A)mass customization.
B)brand repositioning.
C)perceptual mapping.
D)undifferentiated positioning.
E)brand extension.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
64
A company sells baseball bats.It has a website where customers can log in and choose from out of 50 variations with regard to the weight, length, thickness, and design of the bat.The customers get a bat based on their own specifications.This is an example of:

A)mass customization.
B)brand repositioning.
C)perceptual mapping.
D)ideal positioning.
E)mass marketing.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
65
Tremlock is a company that sells used cars.It was able to establish itself in the mind of the consumer as a low-cost, high-quality used-car dealer as an alternative to low-cost, low-quality new-car dealer.This is an example of:

A)differentiated targeting.
B)positioning.
C)perceptual mapping.
D)mass customization.
E)micromarketing.
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
66
The last step in developing a market segmentation strategy is:

A)segmenting.
B)positioning.
C)strategizing.
D)targeting.
E)analyzing.
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Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
67
Which of the following is true of positioning?

A)It refers to the display, in two or more dimensions, of the position of products or brands in the consumer's mind.
B)It refers to the segmentation that tailors a product or service to suit an individual customer's wants or needs.
C)It refers to the mental picture that people have about a company and its products or services relative to competitors.
D)It refers to a strategy in which marketers change a brand's focus to target new markets or realign the brand's core emphasis with changing market preferences.
E)It refers to the practice of interacting on a one-to-one basis with many people to create custom-made products or services.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
68
Stella makes a living by designing jewellery for her customers.She interviews each customer to understand his or her specific needs and then designs the jewels accordingly.Each piece of jewellery is unique.This is an example of:

A)brand repositioning.
B)positioning.
C)perceptual mapping.
D)mass marketing.
E)micromarketing.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
69
Cyclic Inc.launches a new bike in the market.Although it maintains the same quality as other bikes in the market, it offers a much lower price.Which of the following strategies is used by the company to create an image of a low-cost, high-quality brand among its consumers?

A)Undifferentiated targeting
B)Positioning
C)Perceptual mapping
D)Mass marketing
E)Micromarketing
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Unlock Deck
k this deck
70
James lives in a small fishing town and builds boats for a living.He lets his customers choose their own specifications for the boats they want to purchase.This includes the colour, design, and material of the boat.This is an example of:

A)brand repositioning.
B)positioning.
C)perceptual mapping.
D)mass marketing.
E)micromarketing.
Unlock Deck
Unlock for access to all 129 flashcards in this deck.
Unlock Deck
k this deck
71
The position at which a particular market segment's best product would lie on a perceptual map is referred to as a(n):

A)self-concept.
B)ideal point.
C)self-value.
D)absolute angle.
E)potential gradient.
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72
Rick, a neighbourhood tailor, makes clothes according to the requirements of each of his individual customers.This is an example of:

A)brand repositioning.
B)undifferentiated positioning.
C)perceptual mapping.
D)mass marketing.
E)micromarketing.
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73
A company launches a wide range of perfumes.Customers can go to the company's store and combine the perfumes in different ways to create unique scents.This is an example of:

A)mass customization.
B)brand repositioning.
C)perceptual mapping.
D)ideal positioning.
E)brand extension.
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74
Which of the following is true of a perceptual map?

A)It refers to the display, in two or more dimensions, of the position of products or brands in the consumer's mind.
B)It refers to the segmentation that tailors a product or service to suit an individual customer's wants or needs.
C)It refers to the mental picture that people have about a company and its products or services relative to competitors.
D)It refers to a strategy in which marketers change a brand's focus to target new markets or realign the brand's core emphasis with changing market preferences.
E)It refers to the practice of interacting on a one-to-one basis with many people to create custom-made products or services.
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75
As a positioning strategy, symbolism refers to the:

A)attributes that are most important to the target market.
B)relationship of price to quality.
C)psychological meaning of a brand to its consumers.
D)positioning of a product or service against a specific competitor.
E)position of a product in the market.
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76
As a positioning strategy, value refers to the:

A)attributes that are most important to the target market.
B)relationship of price to quality.
C)psychological meaning of a brand to consumers.
D)positioning of a product against a specific competitor.
E)position of a brand in consumers' mind.
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Unlock Deck
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77
Pete's is a car rental company.It promotes itself with the line "Pete's is second to the best.So, we strive harder." When Pete's tries to create an image in the mind of the customer that it tries harder than the No.1 rental company to fulfil the demands of customers, it is using:

A)brand repositioning.
B)positioning.
C)perceptual mapping.
D)mass marketing.
E)micromarketing.
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78
Which of the following is true of mass customization?

A)It refers to the display, in two or more dimensions, of the position of products or brands in the consumer's mind.
B)It refers to a marketing strategy a firm can use if a product or service is perceived to provide the same benefits to everyone.
C)It refers to the mental picture that people have about a company and its products or services relative to competitors.
D)It refers to a strategy in which marketers change a brand's focus to target new markets or realign the brand's core emphasis with changing market preferences.
E)It refers to the practice of interacting on a one-to-one basis with many people to create custom-made products or services.
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Unlock Deck
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79
Jo's Inc.manufactures seeding equipment that can be modified in about half a million ways to provide a unique version to an individual customer.Customers can order their own personalized seeding equipment from Jo's website.This is an example of:

A)mass customization.
B)brand repositioning.
C)perceptual mapping.
D)ideal positioning.
E)mass marketing.
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Unlock Deck
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80
A graph shows consumer perceptions of various automobiles on the two dimensions of sportiness/conservative and classy/affordable.The graph would be called a:

A)brand map.
B)positioning map.
C)perceptual map.
D)marketing map.
E)conceptual map.
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Unlock Deck
Unlock for access to all 129 flashcards in this deck.