Market Segmentation Quiz
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Questions and Answers

Which type of segmentation analyzes organizations?

  • Organizations (correct)
  • People
  • Individuals
  • Data

What does behavioral segmentation group customers based on?

  • Political opinions
  • Income
  • Language skills
  • Product interactions (correct)

Which type of segmentation has a higher probability of success than other types?

  • The same
  • Lower
  • Higher (correct)
  • Different

What is the most common approach to segmentation?

<p>Most common (C)</p> Signup and view all the answers

One of the main steps to determine market segmentation is to develop a proper segment ____.

<p>Strategy (C)</p> Signup and view all the answers

Which characteristic is more valuable to the customer?

<p>Each customer is different (A)</p> Signup and view all the answers

What is the main aim of marketing engineering?

<p>Quantitative (A)</p> Signup and view all the answers

Which term translates data and knowledge into tools used to enhance decision making?

<p>Marketing Engineering (B)</p> Signup and view all the answers

What is it called when a decision maker relies solely on his mental models, without using support systems?

<p>Conceptual marketing (B)</p> Signup and view all the answers

Which type of models rely on experience?

<p>Mental (B)</p> Signup and view all the answers

What does ROI stand for?

<p>Return on investment (A)</p> Signup and view all the answers

What is breakeven quantity?

<p>Breakeven (B)</p> Signup and view all the answers

What do ROI models not include?

<p>Gains (D)</p> Signup and view all the answers

What is the process of planning and executing the conception, pricing promotion, and distribution of ideas, goods, and services to create exchanges that satisfy individual and organizational objectives?

<p>Marketing (B)</p> Signup and view all the answers

'Marketing' is the art of creating and satisfying customers at a profit.

<p>Marketing (D)</p> Signup and view all the answers

The Law of Leadership states: It’s better to be ------ than it is to be better.

<p>First (A)</p> Signup and view all the answers

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