Marketing Objectives and Strategies
17 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What does SMART stand for in the context of marketing objectives?

  • Stable, Measurable, Achievable, Relevant, Timely
  • Specific, Measurable, Achievable, Relevant, Time-bound (correct)
  • Simple, Measurable, Accurate, Reliable, Targeted
  • Strategic, Managed, Accurate, Resourceful, Timely
  • What is the main focus of a Niche marketing strategy?

  • Targeting the entire market
  • Focusing on a specific market segment (correct)
  • Expanding to new markets aggressively
  • Ignoring market competition
  • What stage of the product life cycle involves a rapid increase in sales and profits?

  • Growth (correct)
  • Research and Development
  • Maturity and Saturation
  • Introduction
  • In marketing, what is a mass marketing strategy focused on?

    <p>Targeting most of the market with a product or service</p> Signup and view all the answers

    Which of the following is NOT a factor determining a marketing strategy?

    <p>Customer preferences</p> Signup and view all the answers

    What are marketing tactics focused on achieving?

    <p>Short-term actions to achieve marketing strategy</p> Signup and view all the answers

    What does capacity utilization measure?

    <p>Potential output</p> Signup and view all the answers

    What is the purpose of a product portfolio analysis?

    <p>To examine the firm's product position in terms of market share</p> Signup and view all the answers

    Which of the following is not part of the marketing mix?

    <p>Promotion channel</p> Signup and view all the answers

    What does the Boston matrix provide a snapshot of?

    <p>Firm's product position based on market share</p> Signup and view all the answers

    Which factor influences how much to charge customers?

    <p>Terms of payment</p> Signup and view all the answers

    What is a common characteristic of the growth stage in the product life cycle?

    <p>Less need for extensive promotion</p> Signup and view all the answers

    In which stage of the product life cycle is profit usually gained?

    <p>Growth</p> Signup and view all the answers

    What is a key challenge faced during the decline stage of the product life cycle?

    <p>Sales begin to fall</p> Signup and view all the answers

    Which of the following is NOT an extension strategy used to prolong the sales of a product?

    <p>Introducing new promotional offers</p> Signup and view all the answers

    What does 'capacity' refer to in terms of a product?

    <p>The maximum amount of a product a firm can produce at any given time</p> Signup and view all the answers

    Which stage of the product life cycle may have positive cash flow but slowing sales?

    <p>Maturity and Saturation</p> Signup and view all the answers

    More Like This

    MAR 3400 - Chapters 8-11 Quiz
    9 questions
    Introduction to Marketing Unit 1
    14 questions
    Marketing Strategies and Processes
    37 questions
    Use Quizgecko on...
    Browser
    Browser