Question: 1 . If you were to create a perceptual map for the product category of watches, what attributes should you include to illustrate both the

1. If you were to create a perceptual map for the product category of watches, what attributes should you include to illustrate both the similarities and differences among the brands?
2. Find a company that is struggling. Where is it in the positioning matrix? Could the company be more successful if it changed any of its Ps (e.g., to head to the lo-lo-lo-lo or hi-hi-hi-hi cells)?
3. Write a position statement for yourself to convince your favorite company to hire you.
4. Describe what marketing positioning is and how a perceptual map helps.
5. Explain where your brand would be in the positioning matrix and how the 4Ps of the matrix need to be consistent.
6. Positioning has more physical elements than perceptual ones.
a. True
b. False
7. Perception is one of the 4 Ps.
a. True
b. False
8. Positioning is about identity: who your brand or company is in the marketplace vis--vis the competition and in the customer's eyes.
a. True
b. False
9. Communication is one of the 5 Cs.
a. True
b. False
10. Positioning is about designing a product to have benefits that the target segment will value.
a. True
b. False
11. Alexis is in charge of designing a new product for her company. The research data she collected suggests the benefits to her target segment will be minimal. Based on this information, Alexis will have a difficult time positioning this new product.
a. True
b. False
12. Positioning involves two of the marketing mix variables.
a. True
b. False
13. Perceptual maps allow managers to see graphical depictions of where their brands are, and where their competitors are, in the minds of their customers.
a. True
b. False
14. Holes in perceptual maps identify areas of fierce competition among an industrys firms.
a. True
b. False
15. Customer segments shown on perceptual maps offer marketing managers information about whats going on in the marketplace.
a. True
b. False

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