Marketing Management: Strategic Positioning and Competitive Strategies
Test your knowledge of marketing management concepts including psychographic segmentation, brand management, competitive positioning, product mix strategies, and market analysis using real-world examples from global brands.
Questions
Which of the following is defined as ''Mature, satisfied and reflective people who are motivated by ideals and values''?
- Innovators
- Thinkers
- Achievers
- Experiencers
Which of the following is defined as “Trendy, fun loving people who are resource constrained”?
- <span style="line-height:=">Beleivers<o:p></o:p></span>
- <span style="line-height:=">Strivers<o:p></o:p></span>
- <span style="line-height:=">Makers</span>
- <span style="line-height:=">Survivors<o:p></o:p></span>
Airline industry is an example of which of the following industries?
- High entry and exit barriers<o:p></o:p>
- Low entry and exit barriers<o:p></o:p>
- Low entry and high exit barriers<o:p></o:p>
- High entry and low exit barriers<o:p></o:p>
Users of a brand are divided into four groups according to their strength of commitment. Which of the following groups is defined as”Consumers who are uncommitted to the brand and can switch”?
- <span style="line-height:=">Convertible<o:p></o:p></span>
- <span style="line-height:=">Shallow<o:p></o:p></span>
- <span style="line-height:=">Average<o:p></o:p></span>
- <span style="line-height:=">Entrenched<o:p></o:p></span>
Oil industry is an example of which of the following industries?
- Pure oligopoly<o:p></o:p>
- Differentiated oligopoly<o:p></o:p>
- Monopoly<o:p></o:p>
- Monopolistic competition<o:p></o:p>
Sony exemplifies which of the marketing criteria?
- Anticipative marketing
- Responsive marketing
- Creative marketing
- None of these
Heublin's brand Smirnoff was attacked by a low priced competitor Wolfschmidt. In reply Heublein actually raised the price and put the increased revenue into advertising. Which type of defence strategy is this?
- Pre emptive defence
- Counter offensive defence
- Flank defence
- Mobile defence
''Market broadening'' and ''Market diversification'' are and example of which type of defence strategies?
- Counter-offensive defence<o:p></o:p>
- Mobile defence<o:p></o:p>
- Pre emptive defence<o:p></o:p>
- Flank defence<o:p></o:p>
Nescafe' sets an example of which type of defence strategy?
- Position defence<o:p></o:p>
- Flank defence<o:p></o:p>
- Pre emptive defence<o:p></o:p>
- Mobile defence<o:p></o:p>
''Monacco biscuits'' is an example of which of the following behavioural segmentations?
- Occasions
- Usage rate
- Benefits
- User status
Which of the following is not a requirement for effective positioning?
- <span style="line-height:=">Positioning message should be tailored according to the target audience<o:p></o:p></span>
- <span style="line-height:=">Positioning should not deliver a unique value proposition<o:p></o:p></span>
- <span style="line-height:=">Positioning should address customer felt needs<o:p></o:p></span>
- <span style="line-height:=">The product or service should be differentiated from that of a competitor<o:p></o:p></span>
The supplier's bargaining power is high in which case?
- When suppliers are concentrated<o:p></o:p>
- When suppliers cannot integrate downstream<o:p></o:p>
- When supplier switching cost is low<o:p></o:p>
- When supplied product is not an important input<o:p></o:p>
Which of the following does Mach 3, Sensor, Trac 3, Atra etc. represent?
- Product item
- Product line<o:p></o:p>
- Depth of a product line<o:p></o:p>
- Product mix<o:p></o:p>
When is product mix expansion achieved?
- By adding variants of existing brands to the product line or by increasing product lines and adding new brands.<o:p></o:p>
- By adding similar item to an existing product line with the same brand name.<o:p></o:p>
- By using one of the existing brands to offer a new product line <o:p></o:p>
- None of the above<o:p></o:p>
What is the process of modifying products so that those that have been sold become out of usage before they need replacement called?
- Product Modification
- Repositioning
- Planned Obsolescence
- None of these
When is line extension achieved?
- By adding variants of existing brands to the product line or by increasing product lines and adding new brands.<o:p></o:p>
- By adding similar item to an existing product line with the same brand name.<o:p></o:p>
- By using one of the existing brands to offer a new product line <o:p></o:p>
- None of the above<o:p></o:p>
Which of the following do personal care products and packaged food products represent?
- Product line<o:p></o:p>
- Product item<o:p></o:p>
- Depth of product line<o:p></o:p>
- Width of product mix<o:p></o:p>
What is meant by trading down?
- By adding variants of existing brands to the product line or by increasing product lines and adding new brands.<o:p></o:p>
- By adding similar item to an existing product line with the same brand name.<o:p></o:p>
- By using one of the existing brands to offer a new product line <o:p></o:p>
- By adding lower priced products to its product line<o:p></o:p>
Restaurants and beauty shops are an example of which of the following?
- Pure competition<o:p></o:p>
- Monopolistic competition<o:p></o:p>
- Oligopoly<o:p></o:p>
- Monopoly<o:p></o:p>
Which of the following defines bargaining power of Walmart as a buyer?
- Low switching cost<o:p></o:p>
- Differentiated products<o:p></o:p>
- Cannot integrate upstream<o:p></o:p>
- All of the above<o:p></o:p>
Beer and cigarette industries are an example of which of the following?
- Pure competition<o:p></o:p>
- Monopolistic competition<o:p></o:p>
- Oligopoly<o:p></o:p>
- Monopoly<o:p></o:p>
Technological leapfrogging as followed by Nintendo, Sega/Genesis and the Sony's playstation is an example of which types of attack strategy?
- Frontal attack<o:p></o:p>
- Flank attack<o:p></o:p>
- Encirclement attack<o:p></o:p>
- Bypass attack<o:p></o:p>
Which type of strategy does Baskin Robins follow?
- Product proliferation<o:p></o:p>
- Product innovation<o:p></o:p>
- Value priced goods and services<o:p></o:p>
- Prestige goods<o:p></o:p>
Which one of these duplicates the leader's product and sells it in the black market or through disreputable dealers?
- Counterfeiter<o:p></o:p>
- Cloner<o:p></o:p>
- Imitator<o:p></o:p>
- Adapter<o:p></o:p>
Which type of differentiation does “Lakme” display when it carries out stocking of skin care products in small neighborhood shops, storage of personal products in central market places and runs exclusive beauty saloons?
- <span style="line-height:=">Price differentiation<o:p></o:p></span>
- <span style="line-height:=">Promotional differentiation<o:p></o:p></span>
- <span style="line-height:=">Product differentiation<o:p></o:p></span>
- <span style="line-height:=">Distribution differentiation<o:p></o:p></span>