Which of the following is a strategic marketing planning tool?
Detailed Answer
Correct answer: (A)
The market share/market growth (BCG) matrix
2
Diversification is best described as which of the following?
Detailed Answer
Correct answer: (C)
New products for new markets
3
The process that turns marketing strategies and plans into marketing actions in order to accomplish strategic marketing objectives is called ______________
Detailed Answer
Correct answer: (D)
Marketing implementation
4
______________ is a strategy of using a successful brand name to launch a new or modified product in a new category.
Detailed Answer
Correct answer: (C)
Brand extension
5
The stage is the product life cycle that focuses on expanding market and creating product awareness and trial is the:
Detailed Answer
Correct answer: (B)
Introduction stage.
6
______________ is a critical success factors of products at project level which is indicated by a differentiated product with unique customer benefits.
Detailed Answer
Correct answer: (D)
Product superiority
7
Which of the following represents the correct sequence of tasks for building a brand (from left to right)?