Undertanding Market Processes and Consumer Behaviour
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What are the four principles of marketing? | show 🗑
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Which of the following are variables considered when segmenting a market? | show 🗑
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________ choices determine basic design of the product offered to consumers. | show 🗑
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The buying process begins when the customer: | show 🗑
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show | Primary.
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When is market research used most frequently? | show 🗑
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The information that Statistics Canada provides on the Canadian economy is an example of: | show 🗑
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The Delivery Company has an extensive distribution network in Canada. They buy products directly from manufacturers and distribute them to small retailers at a nominal mark-up. What market do they belong to? | show 🗑
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show | an evaluation of the attributes of the product, for example, cost, quality, usefulness.
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To help you decide which new suit to purchase for your job interview, you ask a trusted friend to give you her opinion on each of the suits you're looking at. You are in the ________ stage. | show 🗑
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What is the purpose of a marketing plan? | show 🗑
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show | Otherwise known as the four P's. Product, price, promotion and place (distribution).
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show | Dividing the market into segments... Such as age, consumer attitude, product use, location.
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show | The study of what buyers need and how best to meet those needs. This can greatly improve accuracy and market segmentation.
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show | Information developed through NEW research.
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show | Information already available to maker researchers as a result of previous research.
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show | - Need recognition
- Information seeking
- Evaluation of alternatives
- Purchase decision
- Post purchase evaluation
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What is the industrial market? | show 🗑
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show | Markets like department stores etc that use finished products and sell them.
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show | Non govn't orgs such as hospitals and churches.
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What is an international marketing mix? | show 🗑
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show | Using the marketing mix towards small business... Products (new, keep it simple), pricing (guesswork for small biz), promotion (less expensive promotion methods) and distribution (facility location is key).
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show | The ability to satisfy a human want or need.
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What is the external environment? | show 🗑
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What are the different environments for marketing? | show 🗑
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armigrrl
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