L11 - Segmentation, Targeting, Positioning II

Created by ariana

p.3

Which best describes positioning?

A. The price a company sets for a product
B. The distribution channels used to reach customers
C. The place a product occupies in consumers' minds relative to competitors
D. The product's production process
E. The company's internal mission statement

Select an answer

p.3

Explanation

Positioning is how a product is defined by consumers on important attributes — the place it occupies in consumers’ minds relative to competing products.

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p.3

Which best describes positioning?

C

p.17

Hiring and training staff to be more friendly and competent than competitors is an example of:

C

p.18

Symbols like the McDonald’s golden arches or the Nike swoosh are examples of which type of differentiation?

D

p.22

Why do marketers often promote a single unique selling proposition (USP)?

B

p.8

Which is NOT listed as an important buying dimension used in perceptual positioning maps?

E

p.19

Which of the following is one of the winning value propositions shown on the slides?

B

p.13

Which best describes horizontal product differentiation?

B

p.15

Which is TRUE about vertical product differentiation?

B

p.16

Firms practicing channel differentiation can gain a competitive advantage through:

B

p.26

What is the correct order of steps in STP as shown on the slides?

B

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Study Smarter, Not Harder