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LAP MP-003 Market Identification (Segmentation) Flashcards | StudBud
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LAP MP-003 Market Identification (Segmentation)
LAP MP-003 Market Identification (Segmentation)
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Marketing Obj. 1.05 Entrepreneurship Obj. 3.03
Flashcards
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Questions
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Answers
1
Dividing the total consumer market into smaller groups of potential customers is known as
mass marketing.
market segmentation.
loyalty response.
division of labor.
2
A store directed advertising to its customers who have been loyal to the store for many years.
Demographic segmentation
Geographic segmentation
Behavioral segmentation
Psychographic segmentation
3
Which of the following is an example of an item that would be marketed to a specific market:
Bread
Bath soap
Baby food
Fruit
4
Which of the following would most likely be targeted by producers of major kitchen appliances:
Young adults
Senior citizens
Teenagers
College students
5
Businesses that identify customers on their personalities, interests, and activities are using:
Behavioral segmentation
Demographic segmentation
Geographic segmentation
Psychographic segmentation
6
A market is composed of potential customers who have
money to spend
homes in the area.
college educations.
incomes over $20,000
7
Restaurant groups its market into people who frequently/seldom/never visit is segmenting how?
Life stage
Rate of use
Occupation
Educational Level
8
The identification and selection of markets for a business or for a product is known as
a consumer market
an industrial market.
target marketing.
mass marketing.
9
Companies that produce goods and services most people buy and use are likely to use
demographic segmentation.
segmented marketing.
mass marketing.
psychographic segmentation.
10
Customers in cold climates needing warm clothes are example of which of the following segments
Psychographic
Geographic
Occupational
Behavioral