Marketing Process (HSC SSCE Business Studies): Quizzes

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Developing Marketing Strategies
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What are marketing strategies?

Specific actions to reach target market

Which are the four Ps of the marketing mix?

Product, Price, Promotion, Place

What two factors determine marketing mix emphasis?

Product positioning & life cycle stage

What marketing approach suits the introduction stage of the product life cycle?

Heavy promotion & selective distribution

Which is NOT part of product strategy?

Distribution channel selection

What psychological benefit might customers seek from products?

Prestige and social status

Which is an example of a pricing strategy method?

Premium pricing strategy

Which are the main forms of promotion?

Ads, selling, sales promo, publicity

What are intermediaries in distribution?

Orgs that move products to customers

What distribution strategy suits luxury products like Gucci?

Selective distribution

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