Exam 3: Sport Market Research and Strategy

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Explain what is meant by psychographic segmentation and provide an example of one such segment.

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Based on the book, describe psychographic segmentation and provide an example.

Which of these esport segments is highlighted as being an important target market?

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Describe the five key aspects to a marketing mission statement.

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The five key aspects to a marketing mission statement are:
1. acknowledging the business the organisation is in;
2. knowing the aspirational position;
3. being aware of the core competencies that are needed to guide the organisation towards that vision;
4. knowing which customers or target market will best assist in reaching that position;
5. understanding what the measurements of success are.

What are the criteria for selecting a good target market? Detail the importance of each.

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Describe three data-collection methods used within the market research process.

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Please complete the following sentence: 'Mullin, Hardy and Sutton (2007) suggest that segmentation is central to an understanding of consumers, as it recognises differences in consumer behaviour which directly inform _______________.'

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Information from libraries and chambers of commerce constitutes external primary data.

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Which of these would NOT be included in a design for a marketing information system (MIS)?

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Consumer preferences are usually very stable.

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Define the term marketing information system (MIS).

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