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Niche positioning is a matter of exclusivity and size.

A) True
B) False

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Positioning involves two of the marketing mix variables.

A) True
B) False

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A positioning statement includes the specification of the target segment(s).

A) True
B) False

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Positioning statements should not be used as advertising taglines.

A) True
B) False

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Dom is reviewing a perceptual map that compares a number of jeans brands based on customer survey data. Five of the eight brands are depicted as points close together on the map. A logical conclusion Dom can draw from this perceptual map is .


A) three brands are well positioned as being diverse from all other brands
B) the five brands are viewed as most interchangeable by consumers
C) the five brands identify a "hole" in the perceptual map
D) consumers will most likely purchase more of the three brands not clustered together

E) A) and D)
F) None of the above

Correct Answer

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Volvo is most known for which of the following?


A) safety
B) extravagance
C) value
D) femininity

E) A) and B)
F) A) and C)

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Jen is developing the positioning statement for a new line of sunglasses. In a meeting, the marketing team tells Jen that she has succinctly and clearly expressed the competitive advantage of the new sunglasses brand. The team approves of the way Jen wants to express the brand's competitive advantage, and tells her to continue her work on fully developing the positioning statement. Which element of crafting the positioning statement has Jen's team just approved?


A) positioning
B) target marketing
C) target segmenting
D) unique selling proposition

E) All of the above
F) B) and C)

Correct Answer

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The USP concept captures two things. One is how does your market offering dominate these other providers. What is the other?


A) what is the product category
B) what is the target segment
C) where is the product positioned
D) none of these

E) B) and C)
F) None of the above

Correct Answer

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Which of the following is Volkswagen's long­running advertising tagline?


A) Drivers Wanted
B) The Power of Dreams
C) Think Different
D) Our clients' interests always come first.

E) None of the above
F) B) and D)

Correct Answer

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Product leadership refers to companies that .


A) are good at production and delivery, and price and convenience
B) are expensive but is expected to pay off in long-term loyalty and enhanced customer lifetime value
C) pride themselves on quality and innovation
D) are willing to tailor their products to particular customer needs

E) None of the above
F) C) and D)

Correct Answer

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Madison serves as Vice President of Customer Experience at Company X, a large international hospitality firm with hotels and resorts around the globe. Madison's role involves catering to the specific needs and preferences of Company X's most valuable guests. Company X is most likely engaged in a Customer Intimacy strategy to create value among its guests.

A) True
B) False

Correct Answer

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Simultaneously being the "coolest" brand and offering the best value is a reasonable positioning objective.

A) True
B) False

Correct Answer

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Communication is one of the 5 Cs.

A) True
B) False

Correct Answer

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Positioning involves which of the marketing mix variables?


A) Price, Promotion, Product, Place
B) Price, Promotion, Product
C) Price, Place
D) Promotion, Product, Place

E) C) and D)
F) None of the above

Correct Answer

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Positioning is about designing a product to have benefits that the target segment will value.

A) True
B) False

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If a brand has an exclusive image and distribution chain, it needs to promote it as much as possible.

A) True
B) False

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To write a good positioning statement, you need to know who you are trying to persuade.

A) True
B) False

Correct Answer

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Brands occasionally come along that are priced high but offer low quality.

A) True
B) False

Correct Answer

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Which of these companies uses a strategy of operational excellence?


A) Johnson & Johnson
B) Costco
C) Sony
D) Home Depot

E) B) and D)
F) B) and C)

Correct Answer

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Sony uses a product leadership strategy.

A) True
B) False

Correct Answer

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