Mktg - Study guides, Class notes & Summaries

(WGU D174) MKTG 2150 Marketing Management Objective Assessment Guide Q & A 2024(WGU D174) MKTG 2150 Marketing Management Objective Assessment Guide Q & A 2024(WGU D174) MKTG 2150 Marketing Management Objective Assessment Guide Q & A 2024

Marketing Segmentation correct answers Process of grouping customers into relatively homogeneous segments Customers within a segment respond similarly to the marketing effort directed at them Criteria for Effective Segmentation correct answers Measurable Accessible Durable Substantial Unique Needs Effective Segmentation--Measurable correct answers Individuals can be assigned to a segment and counted Effective Segmentation--Accessible correct answers Individuals in the segment ca...

(WGU D174) MKTG 2150 Marketing Manageme(WGU D174) MKTG 2150 Marketing Management Objective Assessment Guide Q & A 2024.(WGU D174) MKTG 2150 Marketing Management Objective Assessment Guide Q & A Objective Assessment Guide Q & A 2024.

Role of Marketing correct answer: Generate profitable revenue When a marketer can describe something it is called a correct answer: product concept After buying an item we experience what? correct answer: cognitive dissonance Ways to engage consumers, directly or indirectly correct answer: -Directly: physically, email newsletters, one to one basis, calling, sending direct ads/texting, create relationship, personalizing advertising toward you -Indirectly: social media, PR, content m...

price correct answers The amount of money charged for a product or service - The sum of all the values that consumers exchange for the benefits of having or using the product or service. considerations in setting price correct answers product costs (price floor: no profits below this price) competition and other external factors: (competitors strategies and prices, marketing strategy, objectives, and mix, nature of the market and demand) consumer perceptions of value (price ceiling: no dema...

MKTG 3600 – Exam Questions & Answers 2023/2024 b - ANSWER-The set of actual and potential buyers of a product is: a. a group b. a market c. an exchange d. an audience c - ANSWER-The set of benefits a company promises to deliver to its consumers to satisfy their needs is: a. low pricing b. a money-back guarantee c. the value proposition d. good customer service b - ANSWER-__________________ is defined as a social and managerial process by which individuals and organizations o...

what is the goal of all businesses correct answers survival *we ensure this by being profitable *we make a profit by generating more revenue than costs incurred what is the goal of marketing correct answers to raise revenues, or at an even more basic level, market share market share correct answers is always expressed as a percentage and is used to monitor growth market share = (our sales in x product category) / (total industry sales in product category x) how do we raise market sh...

(WGU D377) MKTG 6000 Digital Marketing Foundations Objective Assessment Guide Q & A(WGU D377) MKTG 6000 Digital Marketing Foundations Objective Assessment Guide Q & Av

Love, Swing, Hate Groups correct answers • Firm helps the swing group see the issues/benefits via the eyes of the love group • Don't turn back from the love group • Swing group brings the biggest opportunity to the brand Geographic Segmentation correct answers • Regions, population, size, density Demographic Segmentation correct answers • Age, gender, income, education Psychographic Segmentation correct answers • Personality, lifestyle, motive Behavioral Segmentation c...