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Ch. 8 Clicker Q's

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
If your firm decided to focus on a target market of Generation Y, what would be important for success?   The size of Gen Y should be measurable  
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What is meant by "responsiveness" of a market segment?   Consumers in that segment will respond to a unique marketing mix  
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"A car for every purse, person and personality" reflects which target market strategy?   Multisegment  
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Your major competitor uses a concentrated target market strategy. What should you use?   Differentiated strategy  
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What is the main purpose of a perceptual map?   Identify market opportunities  
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GF International coffee says it "stirs the soul." Based on the slogan, what kind of segmentation is GF using?   Benefits sought  
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After identifying distinctive segments within a market, the next step in market segmentation is to .....   Choose whether to target all segments or practice niche marketing  
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A good example of a "positioning strategy" is:   "More selection, lower prices at Amazon.com"  
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Advil's children's pain reliever claims in ads that Advil is superior to Children's Tylenol because it works faster and last longer. This is an example of ....   Product positioning and Product differentiation  
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To be identified as a market segment, its members must ....   Have common needs and respond similarly to market programs  
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