Quality Ceramic, Inc

question 257

Multiple Choice

Quality Ceramic, Inc. (QCI) defined five submarkets within its broad product-market. To obtain some economies of scale, QCI decided NOT to offer each of the submarkets a different marketing mix. Instead, it selected two submarkets whose needs are fairly similar, and is counting on promotion and minor product differences to make its one basic marketing mix appeal to both submarkets. QCI is using the

• A) combined target market approach.
• B) single target market approach.
• C) multiple target market approach.
• D) mass marketing approach.
• E) None of these is a good choice for Quality Ceramic.

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Definitions:

Time-bound

A criterion for goal setting that imposes a specific timeline or deadline to achieve the goal.

SMART Goals

Specific, Measurable, Achievable, Relevant, and Time-bound objectives set to improve efficiency and success in achieving personal or professional targets.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors.

Behavior Change

The process of altering patterns of behavior, often aimed at improving health or adapting to new circumstances.