Marketing Strategy Quiz
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Questions and Answers

What is the main goal of strategic marketing?

  • Implementing specific targets
  • Creating practical goals for marketing
  • Improving the competitive position of the firm (correct)
  • Allocating resources across a wide range of platforms
  • How does marketing strategy differ from managerial marketing?

  • Strategic marketing focuses on improving competitive position, while managerial marketing is implementation-focused (correct)
  • Managerial marketing concerns resource allocation, while strategic marketing is about setting lofty visions
  • Managerial marketing sets broad direction, while strategic marketing makes practical plans
  • Strategic marketing is about specific targets, while managerial marketing deals with competitive environment
  • Why is marketing strategy sometimes called higher-order planning?

  • It focuses on implementing specific targets for the firm
  • It deals with practical goals and resource allocation
  • It translates lofty visions into practical plans
  • It sets out the broad direction and provides guidance for the marketing program (correct)
  • When did strategic marketing emerge as a distinct field of study?

    <p>1970s and 80s</p> Signup and view all the answers

    What does marketing management primarily focus on?

    <p>'Getting our hands dirty' and making plans for things to happen</p> Signup and view all the answers

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