STRATEGIC MARKETING PLAN FOR
HEALTHTECH INNOVATIONS ACTUAL
EXAM PAPER 2026 QUESTIONS WITH
ANSWERS GRADED A+
◍ Decoding Process.
Answer: Converting signs and symbols into concepts and ideas
◍ Communications Channel.
Answer: The medium of transmission that carries the coded message from
the source to the receiver
◍ Market Share.
Answer: The percentage of an industry or market's total sales that is earned
by a particular company.
◍ Awareness Creation.
Answer: One of the marketing objectives to create awareness of your
business.
◍ Sole Sourcing.
Answer: An organizations decision to use only one supplier
◍ Five Ps.
Answer: Product, place, price, promotion, and people.
◍ Core Competencies.
Answer: Things a company does extremely well that sometimes gives and
advantage over the competition
,◍ Exclusive Distribution.
Answer: When a company grants another company the sole right to sell its
products in a defined territory.
◍ Intermediaries.
Answer: People or businesses that move products between producers and
final users. Business make less money if they go through a Intermediary.
◍ Search Qualities.
Answer: Tangible attributes that can be judged before the purchase of a
product
◍ Indirect Channel.
Answer: Involves intermediaries moving products between producers and
final users.
◍ Level of Involvement.
Answer: An individual's degree of interest in a product and the importance
of the product for that person
◍ Limited Decision Making.
Answer: A consumer decision making process used when purchasing
products occasionally or needing information about an unfamiliar brand in a
familiar product category
◍ Marketing Tactics.
Answer: Activities taken to carry out a marketing plan.
◍ Marketing Cost Analysis.
Answer: Analysis of costs to determine which are associated with specific
marketing efforts
◍ The Marketing Mix.
Answer: Made up of five marketing strategies used to reach your market.
Includes Product, Price, Place, Promotion, and People
◍ Attitude Scale.
Answer: A means of measuring consumer attitueds by gauging the intensity
, of individual's reactions to adjectives, phrases, or sentences about an object
◍ Product Positioning.
Answer: Refers to how consumers see your product compared to the
competition's product.
◍ People Strategy.
Answer: The fifth P that has emerged in the marketing mix.
◍ Intensive Distribution.
Answer: Involves placement of a product in all suitable sales outlets.
◍ Value-Conscious.
Answer: Concern about the price and quality of a product
◍ Direct Channel.
Answer: Moves a product from producer to customer with no other
businesses involved.
◍ What are some examples of marketing objectives?.
Answer: Creating awareness of your business.Educating the target market
about the features and benefits of yourproducts.Understanding of the current
and future needs of your target market.Reaching specific sales
projectionsObtaining projected market share.Building a repeat customer
and/or referral base
◍ Market Share.
Answer: The percentage of the market that actually buys a specific product
from a particular company
◍ Package.
Answer: The physical container or wrapper that holds the product.
◍ Receiver.
Answer: The individual, group, or organization that decodes a coded
message
◍ Brand.
Answer: The name, symbol, or design used to identify a product.