Essentials of Marketing

Interactive Exercises

Thirty short, self-guided exercises that ask you to make a marketing decision, commit to it, and then see why it does or doesn’t fit the framework in the book. Each runs on a phone or a laptop in a few minutes. Nothing is graded or recorded — they are for thinking practice, not for a score.

Pick any exercise below to begin.

Chapter 1

Production, Marketing, or Purpose?

One of these six companies spent a fortune telling you it cares about the planet. Its actual decisions say otherwise.

Six companies, six decisions. Judge what is really guiding each one — not from what the company calls itself, but from what it actually does.

Chapter 1

Retention Lab

Same budget, same math, opposite right answer — and both scenarios are correct.

Split one fixed budget between winning new customers and keeping the ones you have. Predict the 5-year winner, then watch the churn treadmill play out.

Chapter 2

Build the Mix

One card doesn’t belong to any P. Almost everyone puts it somewhere anyway.

Sort marketing decisions onto the four Ps and the target market. Learn why the customer is not a fifth P — and why the right P can still be the wrong choice.

Chapter 2

Find the Broken P

Three of these four decisions are right for this customer. The fourth quietly ruins the strategy.

A mix is already built and three Ps fit the target — one does not. Diagnose the broken P and see why it fails the fit test.

Chapter 3

Which Type of AI Is This?

Three of these eight are not the type they appear to be.

Eight companies are using AI in their marketing. Sort each one into the five types from Exhibit 3–6 — by the job it does, not the technology inside it.

Chapters 2 & 4

Strategy Funnel

Choose your target market first. By the time you reach Price, you’ll see what that choice cost you.

Walk the whole planning process — analyze, target, position — and only then build the mix, so the four Ps follow from the choices you made upstream.

Chapter 4

Segmenting the Market

There is no correct number of segments. There are definitely wrong ones.

Cluster customers on a grid and judge your segments against the book’s four criteria. Wrestle with “how many segments?” — and see that segmenting is not the same as targeting.

Chapter 5

Consumer Funnels

A million people saw the campaign. Four hundred of them bought.

Filters that each look survivable on their own, multiplied together. Predict where a funnel ends up, then find out where an improvement is actually worth spending.

Chapter 6

Selling to Organizations

Three buyers. One product. One of them will not take your call, and that is the one you should worry about.

Work three business accounts the way a salesperson would — read how each one buys, then decide how to sell to them. Ends with the three side by side.

Chapter 7

The Case of Marigold Garden Center

Uncle Ray knows exactly what is wrong with the family business. He is wrong twice.

You have $10,000, eight weeks, and a family business nobody has ever marketed. Buy the research you think you need — and find out what you can only learn in the right order.

Chapter 8

Same Coffee, Different Shopper

Eight people buy the same thing. It is a different kind of product every time.

The product class is a fact about the customer, not the product — and it decides all four Ps at once. Work out which class each shopper is in, and why.

Chapter 9

The Case of Northfield Home

Everyone agrees you should fail fast. Then you have to kill something you like.

Eight product ideas, four gates, and a million dollars. Each gate costs more than the last — so the idea you keep alive out of politeness gets expensive.

Chapter 10

Follow the Fish

Four activities stand between a boat full of fish and a family's dinner. Who does which?

Forty boats, a wholesaler, a supermarket, and a family that wants dinner. Work out which of the four regrouping activities happens at each stop — and why bulk-breaking happens more than once.

Chapter 11

Service Level at Wanderlust Outdoor

Three costs pull in different directions. Only their sum answers the question.

Work out the customer service level that costs the least — then watch a new idea move the answer. Five steps on the chapter's own numbers, and you commit to an answer at every one.

Chapter 12

Marketing Strategy Choices: Two Retailers

Two stores make opposite decisions about everything. Both are right.

Two retailers make opposite four-P choices, each right for its own shoppers. Sort the decisions and see why there is no single best mix.

Chapter 13

Fix the Leaky Funnel

You found the broken stage, ran a campaign at it, and nothing moved. Here is why.

Find where the purchase funnel is really leaking, then spend one campaign on it. A promotion objective that does not match the stage costs you the whole campaign, and the number at the bottom barely notices.

Chapter 14

Replace or Support?

“AI is replacing salespeople.” Put a number on that before you read the eight situations.

Two questions decide whether technology takes a selling job over or only assists it — how standardized the information is, and how much relationship-building the sale needs. Judge eight situations on both, then find out where the AI actually is.

Chapter 18

Pricing Workbench

Cover your costs on every unit and you can still lose money on every sale.

Predict a price, then test it three ways — the average-cost trap, break-even, and marginal analysis — with live charts you can drag and explore.