When the organization for growers of apples and cherries in Washington State framed the fruits as 'hip and cool' for younger Taiwanese consumers,it was employing the marketing processes of _______________________________ .
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segmentation, targeting, and positioning
pricing, distribution, and product development
environmental scanning and analysis
market research and analysis
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Question 2
Free
Multiple Choice
When Arnold Schwarzenegger began to emphasize his political and intellectual expertise in lieu of his physical strength and acting prowess in preparation for his run for Governor of California,he was employing which of these STP elements?
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segmenting
positioning
targeting
screening
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Question 3
Free
Multiple Choice
The marketing process that allows marketers to simplify their decision-making process by using the same set of guidelines for segments that exist across national and cultural markets is known as _________________________________________ .
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strategic planning
market research
environmental monitoring and scanning
segmentation
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Question 4
Free
True/False
The marketing standardization process often generates additional operational costs for a company involved in global business.
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True
False
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Question 5
Free
True/False
The segmentation process can also identify target market groups across the world that differ from the standard parameters and require a new marketing apporach.
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True
False
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Question 6
True/False
The goal of the STP process is to identify and engage the right customer segments in global marketing while preserving brand identity.
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True
False
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Question 7
Multiple Choice
Internet technology has served to ____________________________________ .
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decrease the ability to accurately identify target markets
increase the costs of communicating with target segments
give marketers unprecedented access to their customers
make communication with target segments more difficult
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Question 8
Multiple Choice
The process of subdividing a market into distinct subsets of customers that behave in the same way or have similar needs defines ___________________________ .
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segmentation
market division
standardization
evaluation
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Question 9
True/False
The nature of consumer behavior is such that,once constructed,global market segments remain constant and do not shift with social,political,or economic change.
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True
False
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Question 10
Multiple Choice
Ibernia is a country with a stable,albeit small,cola market.Mohammed's research team advised him that consumers enjoy guava-flavored cola drinks.While this market was accessible through his existing distributors and retailers,Mohammed did not feel he had a viable market segment.What is the most likely reason?
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The factor of flavor is not different enough to warrant a change in the marketing mix.
The market was not large enough to be profitable.
The number of consumers who would prefer a guava-flavored cola is impossible to measure.
The market is highly unstable.
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Question 11
Multiple Choice
Juanita is researching the European market for bicycles.In doing so,she develops profiles of various markets by looking at GNP per capita,population size,and location. Juanita is implementing ___________________ .
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company-based segmentation
macro-segmentation
consumer-based segmentation
micro-segmentation
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Question 12
Multiple Choice
One benefit of country-based,or macro-segmentation is that it __________________________ .
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enables a company to centralize its operations
accounts for consumer differences within each country
acknowledges segments that are not bound by the borders of a geographic region
allows a firm to use one marketing mix on a global basis
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Question 13
True/False
Using the individual consumer as the basis for segmentation introduces many more variables into the analysis and increases its complexity.
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True
False
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Question 14
Multiple Choice
When consumers are grouped based on common characteristics such as cultural preferences,values and attitudes,or lifestyle choices, ________________ is being implemented
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micro-segmentation
macro-segmentation
country-based segmentation
geographic segmentation
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Question 15
True/False
A RoperASW study concluded that young consumers in Asia have fewer individualistic values than their parents.
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True
False
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Question 16
Multiple Choice
The VALS™ system of market segmentation segments people on the basis of ______________________ .
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the value of their personal assets
their age and income
their citizenship
personality traits
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Question 17
Multiple Choice
SBI's research shows that similar psychological traits __________________ .
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drive behaviors which are expressed in the same way from culture to culture
have no relationship to consumer behavior
are not indicative of similar consumer behavior from culture to culture
drive similar kinds of consumer behavior
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Question 18
Multiple Choice
Which combination of traits accurately paints an Innovator within the U.S.VALS framework?
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Practical and self-sufficient individuals who prefer value over luxury.
Trendy and fun loving with little discretionary income.
Sophisticated, take-charge people with high self-esteem.
Mature, satisfied, comfortable, and reflective people.
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Question 19
Multiple Choice
Louis Valjean produces trendy,luxury-looking women's accessories such as purses,scarves and luggage at affordable prices.This company would be most likely to target which U.S.VALS segment?
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strivers
achievers
makers
survivors
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Question 20
True/False
The U.S.and Japanese VALS models reflect the same segmentation characteristics.