Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

1) After Toyota found a number of consumer types that might be interested in the Scion, including teens, college students, urban youth, and young adults in their early 20s, it began the second step in the market segmentation process. This step, in which the different small segments are combined, is known as

decomposing.

flattening.

identifying.

aggregating.

slicing.

2) The global market of 18- to 25-year-olds represented the target market for Scion. Advertising to this group required reaching a group of consumers known as the

target audience.

mass audience.

business market.

consumer market.

daytime audience.

3) 18-year-olds living in California and 24-year-olds living in Tokyo don't always have much in common. Toyota, through its research, knew that one attribute common to most members of the target market was an interest in individuality. Discovering this is an example of

trait matching.

selective perception.

finding a shared characteristic.

a unique selling proposition.

message vulnerability.

4) The Scion is a car that strikes many older consumers as unattractive. To many younger consumers, however, it looks rebellious, is inexpensive, and can easily be customized. Identifying the market segment that seeks these desired qualities is a way of segmenting via

volume segmentation.

purchase occasion.

geographics.

user status.

benefits sought.

5) The Scion product concept came from the observation that many West Coast youth were attracted to low-cost cars such as the Honda Civic and the Toyota Corolla, which they purchased and then customized. This consumer behavior is much less common among East Coast youth. Knowing this, Toyota might wish to further segment its market on the basis of

benefit segmentation.

volume segmentation.

purchase-occasion variables.

user-status variables.

geographic segmentation.

6) Messages in Scion's promotional campaign emphasized individuality and nonconformity. These messages were supported by a host of accessories available for the brand that allowed consumers to make their car totally unique. In psychographic terms, Scion assumed that a primary motivation of its target market is

achievement.

ideals.

innovation.

resources.

self-expression.

7) Scion's research team speaks with 5 consumers about the brand. Which one of the 5 represents the type of consumer that Scion should spend most of its promotional dollars on?

Paula drives a used Scion. When she needs another car, she'll buy another used Scion to save money.

Ed loves both the Scion xB and Honda Civic. When he makes up his mind, he'll pay full price for one.

Theresa likes another Toyota brand, Lexus, which sells for over $40,000.

Dennis liked a Scion ad, but was disappointed when he test drove the car.

Kim owns a Scion xB that she bought last year. She loves her car and will buy another at some point.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M93073620

Have any Question?


Related Questions in Operation Management

1 how are risk models developed what are the outputs from a

1. How are Risk Models developed? What are the outputs from a risk model? 2. When is a Monte Carlo simulation applicable? What is the greatest limitation of Monte Carlo simulation? Why? 3. What is the difference between ...

For this discussion select one of the two articles you

For this discussion, select one of the two articles you found on communicating about information security to a global audience. Your choice should be predicated on its usefulness to your current or future work situation. ...

In a capitalist society it is the mission of private

In a capitalist society, it is the mission of private industry to make a profit. The more profit made; the better the company can establish competitive advantage. Those who do not pursue profit maximization usually fall ...

Tim erven founded custom gaming in 2008 when he was 18

Tim Erven founded Custom Gaming in 2008 when he was 18 years old. Over the next five years, the company grew to become the leader in rapid-fire controllers for serious gamers. Custom Gaming was not Erven’s first entrepre ...

1 if you were an agent how would you determine your target

1. If you were an agent, how would you determine your target market? Is determining a niche market important? 2. Is Cyber Risk the disruptive trigger for operational risks currently? What are some of the most recent Cybe ...

1 although the speed and weight of a vehicle both affect

1. Although the speed and weight of a vehicle both affect force of impact, they do not have exactly the same effect. What is the difference? 2. What is the major misconception about the term right-of–way? 3. What is the ...

Make power point presentationon any new product development

MAKE POWER POINT PRESENTATION ON ANY NEW PRODUCT DEVELOPMENT PROJECT A REAL PROJECT 1. Project description (1 to 2 paragraphs) 2. Titled dividers for project processes 3. Team members and workload estimates 4. Initiation ...

Answer the following questions based on the company amazon1

Answer the following questions based on the company Amazon 1. By which of the following this company pull off mass customization? And why? Justify your answer a) Trend of technology (Technology evolution) b) Their produc ...

1 what are targets profile and philosophy2 what is the

1. What are Target's profile and philosophy? 2. What is the difference between a CFO, CEO VS shareholder ( stakeholder)? 3. What cycle time (in minutes) would match capacity and demand if demand is 120 units per day, the ...

Choose a company that makes great stuff - something you

Choose a company that makes great stuff - something you really like, whether it is a tennis racquet, electronics, etc. Come up with a partner for your firm that you think would make a terrific strategic alliance. Write a ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As