Developing Marketing Strategies and Plans – Quiz

1. Marketing metrics are important because:

 
 
 
 

2. Market share is defined as:

 
 
 
 

3. Customer retention strategies are critical because:

 
 
 
 

4. Market segmentation involves:

 
 
 
 

5. What is the first step in developing a marketing strategy?

 
 
 
 

6. In Kotler’s marketing strategy model, competitive advantage is achieved by:

 
 
 
 

7. The marketing mix includes the following elements:

 
 
 
 

8. Strategic business units (SBUs) are:

 
 
 
 

9. Market development strategy involves:

 
 
 
 

10. In a growth-share matrix, a star represents:

 
 
 
 

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