Exam 3: Developing a Marketing Plan

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The property analysis is an unbiased evaluation of the strengths of the operations.

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A property analysis should include such items as:

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A ______________ identifies how much revenue is brought in from the various segments of the market presently being served.

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Divides people based on their attitudes, interests, and opinions:

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Name the three questions restaurateurs need to ask themselves for control purposes when monitoring the marketing plan.

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Explain place- distribution mix and product- service mix.

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Perceptual maps can be useful tools in developing a positioning statement.

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Most customers will not complain in the restaurant unless there is something really wrong.

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A good positioning statement tells customers where the operation is located.

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A perceptual map provides a visual representation of:

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How might you tell if a marketing plan is successful and when the plan has not worked?

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The four P's of the marketing mix include __________,__________ ,__________ , and__________.

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A simple category of data that can easily be collected and is very useful is customer zip codes.

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Stages of the product life cycle include:

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Marketing encompasses everything from the development of the concept, product, and/or service to how it should be priced, promoted, and made available to people.

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Market segmentation involves dividing a homogeneous market into smaller heterogeneous segments.

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The best way to find out what a restaurant is doing well and poorly is to ask customers.

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