MARKETING STRATEGIES & CHANNELS || ONLINE ADVERTISING &
SOCIAL MEDIA || DATA-DRIVEN CAMPAIGNS || OBJECTIVE ASSESSMENT
PRACTICE QUESTIONS WITH VERIFIED ANSWERS || HIGH-YIELD STUDY
GUIDE || COMPLETE TEST BANK || GRADED A+
Target customers - CORRECT ANSWER -Customers based on a predefined
geographic boundary
Market segmentation - CORRECT ANSWER -Dividing a market through
variables such as age, gender, education level, family size, occupation, income,
and more
Psychographic - CORRECT ANSWER -Focus on the intrinsic traits the target
customer has, such as values, personalities, interests, attitudes, conscious and
subconscious motivators, lifestyles, and opinions
Behavioral - CORRECT ANSWER -The way customers go through their
decision making and buying processes, including attitudes towards the brand,
the way they use it, and their knowledge base
What is marketing? - CORRECT ANSWER -The set of institutions and
processes for creating, communicating, delivering, and exchanging offers that
have value for customers, clients, partners, and society
Marketing Coordinator - CORRECT ANSWER -Entry-level marketing
position responsible for planning, executing, and managing a variety of
functions to deliver value to the customer and the organization (1-3 years).
Marketing Director - CORRECT ANSWER -Mid-level marketing position
responsible for planning, executing, and managing a variety of functions to
deliver value to the customer and the organization, with 7-10 years of
experience
,Vice President - CORRECT ANSWER -Senior-level marketing position
responsible for planning, executing, and managing a variety of functions to
deliver value to the customer and the organization, with 11-15 years of
experience
Chief Marketing Officer - CORRECT ANSWER -Top-level marketing
position responsible for planning, executing, and managing a variety of
functions to deliver value to the customer and the organization, with 20+ years
of experience
Who is responsible for ROI? (return on investments) - CORRECT ANSWER -
Chief marketing officer
What is the traditional marketing mix? - CORRECT ANSWER -Product,
price, place, promotion
What is the expanded marketing mix? - CORRECT ANSWER -Product, price,
place, promotion people,process, physical evidence
Strategy - CORRECT ANSWER -Represents what the company intends to do
Execution - CORRECT ANSWER -Represents how the company intends to
do it
Prospects - CORRECT ANSWER -Potential customers who haven't bought
from the company yet
Customers - CORRECT ANSWER -People who have bought from the
company
, Positioning - CORRECT ANSWER -The culmination of the products,
services, and experiences that a brand provides to convey value and meet
customer wants, needs, and expectations
Conflict - CORRECT ANSWER -Occurs when different companies or
competitors have conflicting goals
Buyer's Journey - CORRECT ANSWER -The process a buyer goes through
from recognizing a need or opportunity to making a purchase decision and
evaluating the post-purchase experience
Brand - CORRECT ANSWER -An identifiable and differentiated product,
service, person, movement, etc.
Brand promise - CORRECT ANSWER -What a brand promises to deliver to a
customer
Brand awareness - CORRECT ANSWER -Awareness of the existence of a
brand
Brand positioning - CORRECT ANSWER -The unique place the brand
occupies in the consumer's mind, linked to benefits received
Brand relevance - CORRECT ANSWER -Occurs when there is only one
relevant choice, making all other brands irrelevant
Brand purpose - CORRECT ANSWER -The reason the brand exists, goes
beyond just selling
Brand storytelling - CORRECT ANSWER -Expressing the mission, vision,
values, and passion of a brand through a narrative that draws in the audience