RYAN'S RUNNERS MINI CASE: Ryan Wants to Open a Store

question 54

Multiple Choice

RYAN'S RUNNERS MINI CASE: Ryan wants to open a store that caters to athletes, but, due to space and budgetary constraints, he recognizes that he will not be able to offer the same variety and selection of products as does the local athletic mega-store, so he has decided to focus specifically on runners. He stocks shoes and related gear for runners, and maintains a staff that is knowledgeable and enthusiastic about running. Ryan's advertising campaign emphasizes his store's high standard of customer service and selection of products specifically tailored to meet the needs of the runner.
-In the RYAN'S RUNNERS MINI CASE, the process of dividing the athletic market into different subsets of shoe consumers, such as runners, basketball players, and golfers, is known as ________.

• A) market targeting
• B) product placement
• C) product positioning
• D) market segmentation
• E) social marketing

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Definitions:

Advanced Cognitive Skills

Higher-level mental abilities, including problem-solving, decision-making, critical thinking, and creativity, that facilitate complex understanding and learning.

Creative Traits

Characteristics or qualities associated with the ability to produce new and original ideas, concepts, or products.

Motivation

Motivation is the psychological process that arouses and directs goal-oriented behavior, stemming from both internal desires like needs and interests, and external factors like rewards and social expectations.

Creative

Characterized by the ability or quality of producing something new, original, or imaginative through unconventional thinking or approaches.