Marketing: An Introduction (14th Edition) Gary Armstrong Chapter 6: Customer Value Marketing Strategy Part II Read the chapter and answer the following questions 1 Define each of the following market targeting methods: Undifferentiated marketing: [examples would be utilities such as tap water and electricity] definition: Differentiated marketing: definition: examples: Concentrated marketing: definition: examples: Micromarketing definition: examples: Individual marketing definition: examples: 2 Define product position. 3 Define competitive advantage. 4 Define value proposition. 5 Analyze the car industry and determine how it segments the market. For each factor, list the relevant segments resulted from segmenting based on that factor and give a brand or brands as examples for that segment. For example, when we use gender to segment the clothing market, it leads to two segments: male (e.g., Calvin Klein) and female (eg. Victoria’s Secret) Geographic Demographic Income Occupation Stages in family cycle Psychographic Status-conscious Outdoorsy Economy-minded Environmentalists Behavioral Benefits sought