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AIPMM - CPM PRACTICE EXAM Study Guide.

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AIPMM - CPM PRACTICE EXAM Study Guide. Intangibility inseparability variability perishability - answerNature and characteristic of a service Product Price Promotion Place - answerWhat are the 4 Kotler's Market Strategies? Intensity of Competitive Rivalry Threat of New Entrants Threat of...

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©THEBRIGHT EXAM SOLUTIONS

11/06/2024 10:41 AM


AIPMM - CPM PRACTICE EXAM Study
Guide.


Intangibility
inseparability
variability

perishability - answer✔Nature and characteristic of a service
Product
Price
Promotion

Place - answer✔What are the 4 Kotler's Market Strategies?
Intensity of Competitive Rivalry
Threat of New Entrants
Threat of Substitute
Bargaining Power of Customers

Bargaining Power of Suppliers - answer✔What are Porter's 5 forces?
Conceive
Plan
Develop
Qualify
Launch
Deliver

, ©THEBRIGHT EXAM SOLUTIONS

11/06/2024 10:41 AM

Retire - answer✔What are the 7 phases of PLC?
Conceive
Plan
Develop

Qualify - answer✔What are the steps of NPD? (Phases)

Market Penetration - answer✔What is the strategy for existing market/existing product?
(Ansoff's Growth Matrix)

Product Development - answer✔What is the strategy for existing market/new product?
(Ansoff's Growth Matrix)

Market Development - answer✔What is the strategy for NEW market/existing product?
(Ansoff's Growth Matrix)

Diversification - answer✔What is the strategy for new market/new product? (Ansoff's Growth
Matrix)

Introduction - answer✔Market Objective: Gain awareness
Competition: None
Product: One
Price: Skimming/Penetration
Promotion: Educate/Inform
Place: Limited

Growth - answer✔Market Objective: Stress differentiation
Competition: Growing
Product: More version
Price: Gain market share
Promotion: Competitive differences
Place: more outlets

Maturity - answer✔Market Objective: Maintain brand loyalty

, ©THEBRIGHT EXAM SOLUTIONS

11/06/2024 10:41 AM

Competition: Many
Product: Full
Price: Defend market share
Promotion: Reminder oriented
Place: Max outlets

Decline - answer✔Market Objective: Harvest/Deletion
Competition: Reduced
Product: Best Sellers
Price: Stay profitable
Promotion: Reduced
Place: Few

Product Manager roles - answer✔Owns strategy
Market expert
Business case dev expert
Presents needs

Product Marketing Manager roles - answer✔Market strategy
Marketing expert
Supports sales
Guides marketing program
Themes
Golden Features

Timed Releases - answer✔What are the 3 types of organizing roadmaps?
Styles
Fad

Fashion - answer✔What are the 3 special lifecyles?

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