Segmentation, Targeting and Positioning (AQA A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is market segmentation?
What is market segmentation?
Dividing market into identifiable groups
What does market positioning refer to?
What does market positioning refer to?
How consumers perceive brand vs competitors
What is the correct sequence of the STP process?
What is the correct sequence of the STP process?
Segmentation → Targeting → Positioning
Which is a common method of market segmentation?
Which is a common method of market segmentation?
Age, gender, income level, social class
How does STP improve marketing effectiveness?
How does STP improve marketing effectiveness?
Marketing directed at target with clear msgs
What resource benefit does STP provide?
What resource benefit does STP provide?
Resources used efficiently with better ROI
What is a drawback of using STP?
What is a drawback of using STP?
Might overlook other profitable segments
Which factor influences target market selection?
Which factor influences target market selection?
Nature of product, competition, needs
What is an advantage of niche marketing?
What is an advantage of niche marketing?
Less competition & ability to charge premium
What does mass marketing involve?
What does mass marketing involve?
Targeting entire market with standard products
