Which of the following selections is incorrect regarding a firm's "positioning" strategy?
A) Position is concerned with how the firm is situated relative to its competitors.
B) A firm's decision about how to position itself relative to its competitors starts with a product or service idea that is tested and refined through feasibility analysis and marketing research.
C) Determining which position in a market to occupy and compete in is a strategic call on the part of a company based on its mission, its overall approach to the marketplace, and its competitive landscape.
D) Once a firm positions itself in a certain way, it must be able to follow through with a product or service offering that lives up to the image it has created.
E) After selecting a positioning strategy, the firm's next step is to select a target market.
Correct Answer:
Verified
Q3: A tagline is a catchy phrase that's
Q4: Markets can be segmented in a number
Q5: A niche market is a place within
Q6: Once a firm has segmented the market,
Q7: A product attribute map illustrates the strength
Q9: A firm's "position" is concerned with how
Q10: A _ market is a place within
Q11: A firm's target market is the limited
Q12: A _ illustrates a firm's positioning strategy
Q13: Real Time Cases, the company profiled in
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