Principles Of Marketing
Principles Of Marketing
17th Edition
ISBN: 9780134492513
Author: Kotler, Philip, Armstrong, Gary (gary M.)
Publisher: Pearson Higher Education,
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Question
|- Write the blank the correct answer given inside the box.
Consumer markets
Test Marketing Location studies
Data analysis
Observation research
Advertising pre-and pos-
testing
Concept, product development, and product studies
Pricing tests
Usage, attitude, and image studies
Target market studies
Usage, attitude, and image studies
External factor research
1. It can be used to decide on the packaging, to detemine the market reaction, and to
justify brand positioning.
2. It can be utilized by marketers to calculate a product's or service's optimal price, and
o detemine price elasticity.
3. These studies can provide cost-effective ways on how to increase a product's/service's
awareness level and brand trial.
- 4. The infomation from the se researches helps marketers identify macro-ervironmental
shifts.
5. It includes individuals and/or house-hlds that purchase products and services for
personal consumption.
--6. It reveals the effectiveness of point-of-purchase collateral materials.
--7. It detemines ideal retail store bcations and is a valuable tool in site selection.
. 8. These help ilentify, quantify, and understand the target market better.
. 9. These tests can detemine advertising copy effectiveness, advertising re-call, sales
promotion response rates.
10. Based on these results, the company shall gauge the acceptability of a proposed
product/service.
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Transcribed Image Text:|- Write the blank the correct answer given inside the box. Consumer markets Test Marketing Location studies Data analysis Observation research Advertising pre-and pos- testing Concept, product development, and product studies Pricing tests Usage, attitude, and image studies Target market studies Usage, attitude, and image studies External factor research 1. It can be used to decide on the packaging, to detemine the market reaction, and to justify brand positioning. 2. It can be utilized by marketers to calculate a product's or service's optimal price, and o detemine price elasticity. 3. These studies can provide cost-effective ways on how to increase a product's/service's awareness level and brand trial. - 4. The infomation from the se researches helps marketers identify macro-ervironmental shifts. 5. It includes individuals and/or house-hlds that purchase products and services for personal consumption. --6. It reveals the effectiveness of point-of-purchase collateral materials. --7. It detemines ideal retail store bcations and is a valuable tool in site selection. . 8. These help ilentify, quantify, and understand the target market better. . 9. These tests can detemine advertising copy effectiveness, advertising re-call, sales promotion response rates. 10. Based on these results, the company shall gauge the acceptability of a proposed product/service.
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