UGC NET - Marketing: Segmentation and Targeting
Questions on market segmentation, targeting strategies, and B2B marketing concepts from the UGC NET Management syllabus
Questions
Apple has an edge over its competitors. Which of the following capabilities of this firm helps it to make its own segment?
- Cost advantage
- Bargaining power of buyers
- Managerial capabilities
- Technological edge
Which of the following factors comprises a firm's capability to serve the segment?
- Price senstivity
- Social trends
- Competitive differentiation
- Exploitable market assets
On comparing a business market and a consumer market which of the following holds true?
- Business market deals with a large number of buyers.
- Suppliers customise their offerings to indivisual business customer needs.
- Demand for business goods is not derived from the demand for the consumer goods.
- The total demand for business goods is not inelastic in nature.
PEPSI Youngistaan Ka WOW. Which category of segmentation does the product belong to?
- Behavioural segmentation
- Psychographic segmentation
- Profile segmentation
- All of the above
Which of the following is true incase of solution selling?
- Solutions to enhance customer risks.
- Solutions to decrease customer value.
- Solutions to reduce customer cost.
- All of the above
Which of these business target segment's definition refers to enterprise selling?
- Price is everything
- They want low price but respond to arguments
- They want the best performance in product quality, delivery time etc.
- They want permanent sole supplier relationship.
Which of the following does the term bottleneck product relate to?
- Products of high value and cost for customer that involve little risk of supply
- Products with low value and cost to the customer and also involve low risk of supply.
- Products with low value and cost to the customer that involve some risk for supply.
- Products with high value and cost to the customer that involve high risk.
According to the buygrid framework, will the problem recognition phase take place in a straight rebuy class?
- Yes
- No
- Can be
- Option (1) and (3)
In case of supplier selection, which of the following methods states that the customer ranks its preference for alternative market offerings or concepts and value is placed on each attribute?
- Compositional approach
- Benchmarks
- Conjoint analysis
- Importance ratings
Which of the following is not an example of niche marketing?
- Ezee liquid detergent
- Crack ointment is also a niche marketing example
- Natural food supplement spirulina
- Coke
Which of the following is also known as natural market segment?
- Clustered preferences
- Diffused preferences
- Homogenous preferences
- None of the above
In which of the following buyer supplier relationships is there a low level of trust, co-operation and interaction?
- Co-operative systems
- Contracted transaction
- Customer is king
- Collaborative
Which of the following are a characteristic of a niche?
- Niches are not likely to attract competitors.
- Niches gain certain economies by specialisation.
- Customers are ready to pay a premium price if their needs are satisfied.
- All of the above
A company targets middle income youth to buy its newly designed car model. Which of the following does this example relate to?
- Sector
- Segment
- Niche
- None of the above
Low unit price packaging specially targets which segment of customers?
- Old aged segment
- Middle income segment
- High class market segment
- All of the above
To which type of target market strategy does the term cannibalisation belong?
- Undifferentiated targeting
- Multi segment targeting
- Concentrated targeting
- None of thees
An NRI branch of a bank in Kerala caters the needs of families whose relatives remit money from abroad. Which of the following does this example relate to?
- Local marketing
- Niche marketing
- Grassroot marketing
- All of the above
A person needs to buy medicine for emergency use. In which kind of behavioural segment does this person fall?
- Benefits sought
- Usage
- Purchase behaviour
- Purchase occasion
A cohort group is defined under which category of demographic segment?
- Income
- Age and life cycle
- Generation
- Social group
Which type of target market strategy is followed when the cost of developing a separate marketing mix for separate segments outweighs the potential gains that can be incurred by meeting customer needs?
- Undifferentiated marketing
- Focus marketing
- Differentiated marketing
- Customised marketing