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MKT 421 Final Exam Guide 5.pdf

For more course tutorials visit www.uophelp.com 1) Predicting what types of bicycles different customers will want and deciding which of these customers the business will try to satisfy are activities a firm should do as part of 2) For Tesla, a new firm that makes an electric sports car, estimating how many competitors will make electric vehicles and what kinds they will make, is: 3) According to the text, marketing means: 4) Which of the following statements regarding marketing strategies is FALSE?

For more course tutorials visit
www.uophelp.com

1) Predicting what types of bicycles different customers will want and deciding which of these customers the business will try to satisfy are

activities a firm should do as part of


2) For Tesla, a new firm that makes an electric sports car, estimating how many competitors will make electric vehicles and what kinds

they will make, is:


3) According to the text, marketing means:

4) Which of the following statements regarding marketing strategies is FALSE?

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27) One of the major disadvantages of the focus group interview approach is that28) A small manufacturing firm has just experienced a rapid drop in sales. The marketingmanager thinks that he knows what the problemis and has been carefully analyzing secondary data to check his thinking. His next step should beto:29) Which of the following statements about consumer products is true?30) The attitudes and behavior patterns of people are part of the31) The first step in market segmentation should be:32) Which is the first step in market segmentation?33) ______________ is the process of naming broad product-markets and then segmenting thesebroad product-markets in order to selecttarget markets and develop suitable marketing mixes.

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