Market Segmentation Quiz
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Questions and Answers

Firmographic Segmentation analyzes which of the following?

  • People
  • Data
  • Individuals
  • Organizations (correct)

Behavioral segmentation groups customers based on prior ______.

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

Behavioral segmentation has a ______ probability of success than other types.

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

Psychographic Segmentation is the ______ approach to segmentation.

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

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

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

Market Segmentation increases product line ______.

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

What does ROI stand for?

<p>Return on investment (B)</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

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

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

The Law of Duality states: In the long run, every market becomes a ____ horse race.

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

The Law of Sacrifice emphasizes that you have to _____ something in order to get something.

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

The 3 Cs of marketing are: customers, competitors, and ____.

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

The 3 Ps of marketing are: product, price, _____, and place.

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

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