Marketing Chapter 7 - Vocab Test

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Across
  1. 2. the images consumers have of competing goods and services in the marketplace
  2. 3. the unique image of a product or service in a consumer's mind relative to similar competitive offering
  3. 7. rivalry among businesses on the basis of price and value
  4. 10. competition in a market with businesses that offer the same type of product or service
  5. 11. the process of dividing a large group of consumers into subgroups based on specific characteristics and common needs
  6. 12. how frequently consumers use products and the quantity of product used
  7. 14. divides consumers into groups depending on specific values or benefits they expect or require from the use of a product or service
  8. 15. the descriptive characteristics of a market, such as age, gender, race, income, and educational level
  9. 16. when a business competes with other companies offering products that are not in the same product category but that satisfy similar customer needs
  10. 17. an identified market with excellent potential based on careful research
  11. 18. when businesses decide to emphasize factors of the marketing mix other than price
  12. 19. exhibitions where companies associated with an industry gather to showcase their products
Down
  1. 1. how a brand wants to be perceived in the mind of customers relative to competing brands.
  2. 4. dividing consumers into markets based on where they live
  3. 5. the process of gaining competitive market information
  4. 6. directs a company's marketing mix at a large and heterogeneous group of consumers
  5. 8. people's interests and value
  6. 9. the portion of the total market potential that each company expects in relations to its competitors
  7. 13. the total revenue that can be obtained from the market segment