There's are positive things that are internal to your company.
What are strengths?
Why do marketers segment the market into different groups of customers?
What is: Different people have different needs?
This actress has been influential in targeting the growing Hispanic subculture
Who is sofia Vergara?
What is the point of doing market research?
What is learning about the needs of the customer, the market, etc...?
Explain how a service is different than a physical product.
What is "Can't be stored, intangible, variable, etc...?
Give an example of Demographic Segmentation.
What is: age, gender, ethnic, income life stage, marital status?
This famous psychologist developed a hierarchy of needs. Name him and explain his theory.
Who is Abraham Maslow?
What is the Hierarchy of Needs? Lower level needs must be satisfied before higher level needs can be addressed.
A _____________is anything that delivers value to satisfy a need or want and includes physical merchandise, services, events, people, places, organizations, information, or ideas.
What is a product?
Chipotle had an ecoli outbreak in their restaurants.
Passengers on a Carnival cruise were sick with the Norovirus.
What are weaknesses?
When Perceptual Mapping is done on a product, comparing it to other products in the category, it is in the mind of the Marketing Manager.
True or False
What is false?
BMW is "The Ultimate Driving Machine" is their ______ ___________.
What is a Value Proposition?
This type of Data is data that already exists.
Give an example.
What is Secondary data?
A _______________ is a name, term, sign, symbol, or design or a combination of these that identifies the maker or seller of a product or service.
What is a BRAND?
This company was a pioneer in targeting the LGBTQ back in the 1980s.
What is
Having a facebook account satisfies what type of Need?
What is belonging/esteem?
Explain the difference between product mix, product depth and product line
What is:
Mix: Every Product the company makes/sells
Breadth: The number of Product Lines
Depth: The number of variations in a product line like flavors, sizes, etc.?
Interest rates for business loans are going up.
What is a threat?
The VALS survey that you took determined your attitudes and what you value. This was an example of what type of segmentation?
What is psychographic?
What is the first step in the Consumer Decision Process?
What is "Need Recognition?"
This is research you create to answer a specific question.
What is Primary research or primary data?
Give an example of a Convenience Good and a Shopping Good?
Will Vary
When a company segments a market, they can only choose one segment to target.
True or False
What is False?
Water is a physiological Need. How can Water satisfy other needs?
What is esteem needs with Perrier?
What is my Brand personality?
What is rugged?
Many people are choosing diets that are gluten free, lactose free and fat free.
What is Taste Free?
JK
What are opportunities?
Steve and his wife are empty nesters. Their kids are out of college and have launched their careers.Mike and Sue are in their early thirties and have two small children. Marketers target these different consumers based on what type of segmentation?
What is Life Cycle?
Advertising that uses music is taking advantage of ___________. Music that is happy and repetitive helps consumers to feel happy when they hear it. Consumers then associate the feelings of happiness with the product and may be more likely to buy the product.
What is Classical Conditioning?
In the Marketing Research video, they said if you could only find the answer to one question, what would that question be?
What is "Were you satisfied and would you recommend us to your friends?"
A prepaid funeral is an example of this type of good.
What is an unsought good?
Carnival Cruise lines targets Florida residents with last minute deals to sell unsold cabins. These residents are closer to the port and can get there on short notice and take advantage of a good deal. What type of Market Segmentation is Carnival using?
What is Geographic segmentation?
This is becoming all that you can be.......being the best version of yourself.
What is Self Actualization?
When we think of SBU, we think of this class, our friends, basketball, fun times, etc. This is called _______ __________.
What is Brand Association?
In today's News Headline:
"J & J to pay millions in suit over talc in their baby powder" is an example of ____________
What is a weakness?
There are many different combinations in the Positioning Matrix based on Promotion and Distribution. The two optimal matches are:
What are Mass and Niche.
Name the companies that these logos represent
What are Uber, Nike and Under Armour?
On your receipt at McDonald's, you'll receive a free sandwich if you complete a survey. This is what type of research?
Primary or Secondary?
What is primary?
Give an example of a hybrid product
What is restaurant meal, hotel, salon, oil change, etc.........?
This famous ad executive was instrumental in targeting African Americans in the 1970s. Who is he and what were the 2 companies he worked with?
Who is Tom Burrell and What are McDonalds and Coca Cola?
Give an example of a product that addresses a safety need?
Will Vary
Give an example of a brand that is genericized to the product.
What is Kleenex
Jello
and others