Quizzes Answer
Quizzes Answer
Selling Concept: the idea that the consumers will not buy enough of the
firms unless it undertakes a large scale selling and promotion effort. EX:
Insurance companies spend a lot of budgets in promoting insurance
products and selling efforts are very important part of it.
Marketing Concept: a philosophy that holds that achieving the
organizational goals depends on knowing need and want of target markets
and delivering the desired satisfactions better than the competitors. EX: the
Coke vs. Pepsi war
Societal marketing concept: the idea that the company’s marketing decisions
should consider the customer wants and the company requirements, both in
the long run interests and society also long run interests. EX: Samsung
Technical School is a project that empowers girls to follow their dreams.
2.
Market Expansion Grid and relation with Marketing Mix.
Quiz 4:
Market Segmentation: Dividing market into distinct groups of buyers who have different
needs, characteristics , behaviors and who might need separate products and marketing efforts.
EX: Target potential customers according to their income.
Market Segment: a group of buyers respond to a certain product and marketing efforts by
the same way. Ex: in car markets, buyer who want the largest car and more comfortable
regardless their price and another price who want the less price car and more
economically.
Market Targeting: the process of evaluating the market segments attractiveness and
selecting one or more to enter. Ex: Hollister targeting college students, kids and teens with
same upscale, casual clothes and accessories.
Positioning: arranging for a product to occupy a clear distinctive and desirable place in the
target consumers relative to the competing products. EX: Audi position themselves as a luxury
status symbol or Starbucks positions itself as a trusted source of upscale quality coffee and
beverage.
Marketing Mix: the set of marketing tactical tools (product, price, place, promotion) that the
firms blended to produce the response it wants in the target markets.
SWOT Analysis:
Quiz 5:
1. Compare between Microenvironment and Macroenvironment, use your
own example.
Microenvironment: the actors and forces close to the company that affects its
ability to serve its customers. EX: Company, Suppliers, Marketing
intermediates, Publics, Competitors, Customers.
Secondary data: information that already exists that collected for another purpose. ( Used
in Problem define phase in marketing research)
Quiz#7: Till the end of chapter 4
1. Compare between different types of research design/objectives.
b. Social Factors:
Online social networks: online social communities like blogs, social media, virtual world where
people exchange information and opinions. EX: Facebook groups for car communities in
Egypt
c. Personal Factors:
Occupation: a person occupation affects the goods and services bought. EX: in Egypt
businessman buy suits but workers buy rugged work clothes.
d. Psychological Factors:
Learning: changes in individuals behavior arising from experience.