A perceptual map is
A) a framework used to compare one firm's product offerings with another firm's offerings in relationship to their relative market share.
B) a framework used to demonstrate the growth or decline of specific market segments within an industry.
C) a means of displaying in two dimensions the location of its own and competing products or brands in the minds of consumers.
D) a framework to relate the market segments of potential buyers to the products offered or potential marketing actions by an organization.
E) the place a product occupies in a single consumer's mind on unimportant attributes relative to competitive products.
Correct Answer:
Verified
Q170: To effectively position a product or brand,
Q171: A perceptual map enables a manager to
Q172: A means of displaying in two dimensions
Q173: Q174: Which of these is collected from consumers Q176: Marketers use perceptual maps as a means Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents