STP (Segmenting-Targeting-Positioning) Process Overview
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Questions and Answers

What is the key focus of the consumer decision process mentioned in the text?

  • Factors influencing the consumer decision process (correct)
  • Situational factors affecting consumer behavior
  • The 5-step process always happening in order
  • Influencing consumers during the purchase phase

What is emphasized as an important aspect to consider during the information search stage of the consumer decision process?

  • Understanding the sources consumers use for information (correct)
  • Directly influencing consumer preferences
  • Promoting only the most expensive products
  • Relying solely on brand recognition

How can marketing managers influence consumer decision-making during the evaluation of alternatives stage?

  • Stress the importance of unique features to differentiate from competitors (correct)
  • Present all options as equal in quality
  • Offer discounts on all products
  • Avoid mentioning brand names

What is the main purpose of Mark Strat in the advertising process?

<p>Refining the target audience (B)</p> Signup and view all the answers

Which heuristic is mentioned as a strategy consumers use to evaluate alternatives in the decision-making process?

<p>Price-based decisions (B)</p> Signup and view all the answers

In the advertising industry, which group is responsible for creating and developing IMC campaigns?

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

What should marketing managers stress to target markets during the purchase phase?

<p>Providing the best value for the customer (A)</p> Signup and view all the answers

What can influence consumer decisions during the evaluation of alternatives stage?

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

Which group assists in preparing IMC campaigns according to the text?

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

What is the role of Media in the advertising process?

<p>Media planning and buying (D)</p> Signup and view all the answers

Which group is responsible for Creative Development when it comes to advertising?

<p>Advertisers (clients/ small businesses) (C)</p> Signup and view all the answers

What does Advertisers do in relation to Agency according to the text?

<p>Briefs agency on assignments (C)</p> Signup and view all the answers

What is the first step in the STP (Segmenting-Targeting-Positioning) process?

<p>Identify market segments (B)</p> Signup and view all the answers

Which type of targeting strategy involves providing separate offerings to different segments of the audience?

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

What does Undifferentiated marketing (or mass marketing) aim to achieve?

<p>Appeal to homogenous groups (A)</p> Signup and view all the answers

In the STP process, which segmentation involves understanding why people think the way they do?

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

Which targeting strategy focuses on only one or a few very specific segments of the target market?

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

What does Micro Marketing (B2B) refer to?

<p>Narrow, customized marketing (A)</p> Signup and view all the answers

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