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Marketing Identification Flashcards | StudBud
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Marketing Identification
Marketing Identification
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StudBud Administration
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Different Means of identifying markets
Flashcards
25 cards
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Questions
25
Answers
1
When sellers offer one-size-fits-all products that will appeal to most buyers, they are using
mass marketing.
market segmentation
demographic segmentation.
mass production
2
The same person can be included in more than one
income level.
generation
target market.
religion
3
When using mass marketing, marketers seek to appeal to the
local market
entire market
teen market.
loyal market.
4
Market segmentation is about dividing the market into _________ groups.
general
diverse
specific
identical
5
Companies can better determine the specific needs of their markets because of today's
improved marketing research
mass-marketing techniques
increased production capabilities.
lower promotion costs.
6
Which of the following is an example of market segmentation by life stage:
College-educated people
Married adult
Persons with a high income
Middle-aged individuals
7
When the total market is divided, one of its groups is called a market
segment.
share
slice
subdivision
8
Liza always wanted a horse, and saved enough money to buy one. In marketing terms, Liza is a
market.
market segment
target group.
resource
9
Sorting customers by their physical and social characteristics is called _____ segmentation.
behavioral
demographic
statistical
psychographic
10
KCC decided to market its evening classes to women 18 and 30 who are high-school graduates
Behavioral
Demographic
Geographic
Psychographic
11
Marketers divide their markets by grouping customers according to their
hobbies
similarities.
occupations.
differences
12
Which question do customers ask in behavioral segmentation?
How much does the product cost
How will the product benefit me?
When will the product be available?
Where can I buy the product?
13
Today's customers are not influenced by mass marketing alone because they are more
disciplined
discerning
decisive
determined
14
When examining a market, marketers primarily notice its
merchants.
records
leaders
categories.
15
A target market can be described as the
way a business draws its customers.
sample of the market.
group of customers the businessseeks to attract.
direction the market is headed.
16
Mass marketing is not as precise as ________ marketing.
segment
event
promotional
direct
17
When customers respond by making a purchase, marketers want to pinpoint the
product
effect
cause
promotion
18
Marketers should check on their markets periodically because markets can
change
fail
lead
advance
19
To buy a product, customers in a market must first
learn the product's features.
be willing to buy the product.
make sure the product is on sale.
locate the product in a store.
20
Marketers prepare for determining their target markets by conducting target-market
adjustments
advertising
accounting
activities
21
A company divided the total market for its products into small, more specific groups
market segmentation.
mass marketing
market domination.
industrial marketing
22
Jakes Musical store focuses its marketing efforts on senior high-school students. What market
mass
target
industrial
risky
23
When marketers sort customers psychographically, they divide them by
lifestyle habits.
likable traits
loyalty to a brand
level of education.
24
Geographic segmentation is dividing a market by where customers are
working
living
born
educated
25
The customer characteristic that reflects where customers fit in the day-to-day buying routine
personal belief.
life stage.
social or economic status
origin or heritage