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CH 4 NV Exploring your market Flashcards | StudBud
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CH 4 NV Exploring your market
CH 4 NV Exploring your market
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1
There is a subtle difference between the ________ and the ________ of a product. One is fact. other is perception
sales/marketing
None of the above
features/benefits
revenue/costs
2
Which of the following is a step in determining how customers decide to buy a product?
All of the above.
Think about who might actually buy it
Determine the need it meets.
Analyze the buying process
3
By teaching customers how to use its products, Home Depot is helping customers see the ________ of its products.
benefits
features
utility
ramifications
4
Which of the following aspects of a product/service is the most important to focus on when selling?
usefulness
features
price
benefits
5
Dividing the market by purchase behaviors that have been observed is ________ segmentation.
behavioral
benefits-sought
psychographic
demographic
6
Marketing is ________.
the business function that identifies customers and their needs and wants
All of the above
satisfying customers at a profit
product, place, promotion, and price
7
Which business function do experts agree you should focus on first when preparing to start a business?
operations
marketing vision
financing
core concepts
8
A ________ identifies distinctively the goods or services of one org. from others through a design, symbol, name, term..
strategy
product
positioning
brand