Question : Which of the following is NOT a positioning strategy?
Option 1: Differentiation
Option 2: Cost leadership
Option 3: Niche marketing
Option 4: Product diversification
Correct Answer: Product diversification
Solution : The correct answer is (d) Product diversification.
Product diversification is not a positioning strategy. It refers to a growth strategy where a company expands its product portfolio by adding new products or product lines to its existing offerings. Product diversification is about expanding the range of products a company offers rather than positioning its products in a certain way in the market.
Question : Market targeting involves:
Option 1: Developing a marketing mix strategy
Option 2: Positioning the product in the market
Option 3: Identifying potential customers
Option 4: Analyzing market competition
Question : Which of the following is an example of product modification as a marketing mix strategy?
Option 1: Changing the pricing strategy
Option 2: Expanding distribution channels
Option 3: Adding new product features
Option 4: Increasing promotional activities
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