Professional Documents
Culture Documents
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Section 2
During the first inauguration of Tatas Nano Car, Ratan Tata famously spoke
these words I observed families riding two- wheelers- the father driving the
scooter, his young kid standing in front of him, his wife seated behind him
holding a little baby. It led me to wonder whether one could conceive of a safe,
affordable, all-weather form of transport for such a family.1 Hence, started the
conceptualization of a car targeted at the low income segment of India who could
not afford a car. It is a typical example of identifying a need, developing and
marketing the product to the targeted segment and enjoying the success of a well
crafted marketing effort. It is no surprise then, that the little car also dubbed as
the peoples car attracted much fanfare from the media across the world. The
demand for the car could not be met initially, as the Sanand plant wasnt
working full capacity. The cars had to be booked in advance. After a rocky start
at its West Bengal Singur plant, the production of Nano was shifted to Sanand,
Gujarat. This delayed the launch and also put a tab on the production capacity.
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Nano as a car is
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Section 3
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The quadrant of the Boston Consulting Group (BCG) matrix that represents
both a high market share and a high rate of market growth includes the:
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Needs are hidden, our subject is unaware of his or her need. This is referred to as
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Which of the following elements is not part of Porter's Five Forces model for
industry competitiveness?
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The phenomenon that customers are happy to work with companies and
organizations to solve problems is referred as
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The way in which the product is delivered to meet the customers' needs refers to:
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Tobacco advertising is now virtually banned in all marketing communication
forms in many countries around the world. This can be explained as an influence
of:
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A firm has decided to alter its pricing and promotional strategies in response to
slower than expected job growth and declining personal incomes. The firm is
responding to changes in its:
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Which of the following characteristics would usually make a market less
competitive?
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New technology results in new goods and services, and it can also
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_________is the process by which we acquire new knowledge and skills, attitudes
and values, through study and experience, or by modelling others' behaviour
(e.g. parents, friends).
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_____ is the collection and interpretation of information about forces, events, and
relationships that may affect the organization
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Which of the following consumer buying behaviours requires the least effort?
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Toyota's Prius and Honda's hybrid Civic are examples of technological products
inspired by:
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According to the Marketing and Sales Standards Setting Body (MSSSB), which
of the following is not a marketing function?