Name and describe the four major sets of variables that might be used in segmenting consumer market. Which segmenting variable(s) do you think starbucks is using?
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2. What is a product’s “position” and how do marketers know what it is?
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3. Explain the core, actual, and augmented levels of this service.
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4. Discuss the product attributes through which benefits are communicated and delivered to customer.
5. Explain market-skimming and market-penetration pricing strategies. Why would a marketer of innovative high-tech products choose market-skimming pricing rather than market-penetration pricing when launching a new product?
6. Name and briefly describe the five product mix pricing decisions.
7. Draw the diagram of the channel of distribution for Green Giant canned corn and Rolex watches. ( you may have to do a little Internet research, if you’re not familiar with the brands.) How does distribution differ between these two products?
8. List and briefly describe the five major promotion mix tools.
9. Review the information on the promotion mix. General Motors has been in the news quite a bit. How is GM effectively (or not effectively) using each tool of the promotion mix?