Marketing MCQ
Pepsi-cola's development of wild cherry pepsi, a cherry-flavored soda, is an example of a ________.
Answer
Correct Answer:
Continuous Innovation
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Adding an 880 hz tone and a 1320 hz tone to a 440 hz tone will result in _____.
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Correct Answer:
A complex tone
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Integrated marketing communication (imc) campaigns typically involve ______.
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Correct Answer:
All of these
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In marketing research, interviewers submitting false data for surveys are said to be ____.
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Correct Answer:
Curbstoning
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In the context of web 2.0, web apis enable the creation of ________.
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One percenters are an example of ________.
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Correct Answer:
Income inequality.
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Information search is that stage of the buyer decision process in which the consumer __________.
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Correct Answer:
Is motivated to search for more data on the product
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In terms of the amount of business conducted, the b2b market is _______ the u.s. consumer market.
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Correct Answer:
Larger than
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The bargaining power of a customer is weak if ________.
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Correct Answer:
The availability of a rival product is limited
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The average time it takes a help desk to respond to incidents is ____.
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Correct Answer:
Wait time
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The attitude-toward-the-object model represents a _____ approach.
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Correct Answer:
Compensatory
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Region and city size are both variables used to employ __________ segmentation.
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Geographic
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Producing bills of materials is a business process within the ________ function.
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Correct Answer:
Manufacturing and production
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Information, negotiation, finance, and risk taking are functions that occur in ________.
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Correct Answer:
Both A and B
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In the context of communication styles, _____ are low on responsiveness but high on assertiveness.
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In recent years, today's marketers are also reexamining their ________ responsibilities.
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Both ethical and societal
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In consumer markets, __________.
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Purchases are often based on brand reputation with little or no product expertise
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Whereas ________ carry about 30,000 skus, ________ stock only about 1,500 skus.
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Correct Answer:
Conventional supermarkets; extreme-value retailers
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Tim, a buyer for a large office complex, releases an rfp. an rfp is a(n) ____.
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Correct Answer:
Request For Proposals
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A forester is _______
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A person who manages and supervises land used for timber production
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The notes app on an iphone is an example of a(n) ________.
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Personal information system.
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A good description requires_____.
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Concrete sensory details
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The world trade organization is wholly dedicated to _____.
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Making trade among nations more efficient
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A(n) _____ is needed to ensure that a buyer-seller relationship moves in a positive direction.
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Statement of follow-up action
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Data gathered from trade journals, the census bureau and specialized research firms is _____ data.
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Correct Answer:
Secondary.
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1. a firm's marketing strategy identifies a firm's target market(s), its four ps, and _______.
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Correct Answer:
A method of obtaining a sustainable competitive advantage
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The first step in global channel planning, as is often the case in marketing, is to ________.
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Correct Answer:
Get close to customers
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The robinson-patman act does not include regulations that ________.
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Correct Answer:
Apply to resellers.
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The first step in developing a relationship strategy is ________.
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Adopting a win-win philosophy
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_____ helps in the prompt resolution of service issues.
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Employee empowerment
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Attitude components tend to be _____.
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Consistent
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_____ refers to exaggerated, subjective claims that can't be proven true or false.
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The price ceiling, the maximum price a company can charge, is set by ________.
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Correct Answer:
Customer perceptions of the product's value
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When kinkos replenishes its supply of copy paper, it most likely involves a _____ situation.
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Correct Answer:
Straight rebuy
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The most common cost-based approach to pricing is ________.
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Correct Answer:
Demand-based pricing
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The ________ concept focuses on the future welfare of consumers and future company needs.
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Correct Answer:
Sustainable marketing
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Search marketing attempts to generate traffic from ______ through both paid and unpaid efforts.
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Correct Answer:
Search engines
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A(n) ________ reflects the general esteem given to the different roles of a person by society.
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Laws governing _____ offer the most striking differences between common-law and code-law systems.
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International trade
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To track the number of video views on his website, anthony would set up a(n)______ goal.
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Women tend to seek assistance while shopping for electronics and rely more heavily on _______.
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Word-of-mouth
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With the help of ________ systems, consumers can avoid watching ads.
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Volunteers belong to a company's ________ publics.
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Unlike the marketing concept, the sustainable marketing concept focuses on ________.
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Correct Answer:
The future best interests of customers and the business
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Tide detergent, ralph lauren polo shirts, and hewlett-packard printers are all examples of _____.
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Correct Answer:
National brands
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There are eight marketing reasons why a new product can fail. one of these is __________.
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Correct Answer:
Having an insignificant point of difference
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The term big data refers to the ________.
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Correct Answer:
Exponential growth of structured and unstructured data that are difficult to process using traditional database techniques
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The horizontal dimension in the vals framework is ________________________.
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Naked solution
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The __________ monitors and remedies unfair trade methods.
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Correct Answer:
Federal trade commission act
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The _____ authorizes the federal trade commission to restrict unfair or deceptive acts.
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Wheeler-Lea Amendment
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Technology is a way of life for ________, the largest generational group.
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Millennials
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Channel members are also known as _____.
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Intermediaries or
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Capacity planning is complicated by the fact that ___________________.
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Correct Answer:
Both a and b
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Capacity decisions at the strategic level include ____________________.
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Investment in new facilities and equipment
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Bose promises "better sound through research." this is an example of ________.
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Correct Answer:
Product differentiation
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Blood donations to the red cross are considered __________ products.
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Beverages that are high in sugar are called ________ products.
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Because of high ___________ retailers with low profit margins can still be attractive businesses?
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Correct Answer:
Inventory turnover
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Basic price adjustments known as __________ are used to reward customers for certain responses.
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Correct Answer:
Discounts and allowances
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An advantage that cannot be copied by the competition is called a(n) _____ competitive advantage.
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Correct Answer:
Sustainable
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Among nonusers of fast-food restaurants, ____________ are more important than _________.
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Correct Answer:
Prospects; nonprospects
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All of the following are ways to make waits more bearable except ____________.
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Correct Answer:
Provide the customers with no explanation for the wait
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A(n) ___________ is a conscious choice from among two or more alternatives?
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Correct Answer:
Decision.
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A(n) __________ is a marketing channel that has no intermediary level.
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Administered vertical marketing system
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A _____ is formed by the merging of two previously separate units into a single household.
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Blended family
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_____________ include retail and wholesale businesses.
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Resellers
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__________ retailing refers to the creation of a seamless cross-channel buying experience.
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Omni-channel
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__________ occurs when customers experience the company delivering on its brand promises.
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Brand bonding
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__________ is not an example of a firms efforts toward greater sustainability.
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Decreasing operational efficiencies
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__________ is a practice in which firms outsource marketing activities to a community of users.
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Crowdsourcing
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________ help companies reach many prospects that are not reached through their sales forces.
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Trade shows
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_______ lowers the price of an item below the store's cost.
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Loss leader pricing
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______ segmentation delves into how consumers actually describe themselves.
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Psychographic
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_____ is the phenomenon that occurs when expectations affect performance perceptions.
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Confirmatory bias
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_____ includes media such as television, magazine, outdoor, radio, or newspaper advertising.
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Paid media
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_____ are retailers that compete on the basis of low prices, high turnover, and high volume.
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Discount stores
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____ are more consumer-driven than traditional media.
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Digital media
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The marketing funnel is used to break down consumers into different ____________________ stages.
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Loyalty status
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Empty nesters tend to start dreaming of spending their greater discretionary income on ____.
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Travel and hobbies
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When product is defined in a marketing context, it is _________.
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The total product experience
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Tamara is searching for a new camera. this is a _____, so the entire process will take longer.
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High-involvement purchase
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Two key types of synergies are __________.
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Correct Answer:
Market and product synergies
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Tumi has a new ad to attract new customers. this ad is categorized as a(n) _______.
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Correct Answer:
Enhance the positivity of the target segment's attitudes.
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The personality of a retail store is also called ________.
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Store image
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Having a product or service where you want it is a function of __________ utility.
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Focus groups are typically used as a(n) __________ technique.
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Exploratory
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Companies build associations to their brands through _____.
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Classical conditioning
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B2c markets can be characterized as being more ________ than b2b markets.
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Impersonal
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Aggressive pricing is typical during the ____ stage of the product life cycle.
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The institutions of the european union form a(n) _____ pattern.
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The proper attitude during closing should be viewed as a ________.
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Strategic resource and partner for the customer
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Need satisfaction can be achieved through ________, or reminding.
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informing, persuading
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Many ________ are playing a more active role in character development.
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Colleges and universities
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With a _____, a firm produces standardized products to be sold the same way all over the world.
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Global marketing standardization approach
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When compared to merchant wholesalers, brokers and agents ________.
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Do not take title to goods
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_____ is a subset of supply chain management that focuses on tactics rather than on strategy.
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Logistics
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Vals is the most widely used __________ segmentation tool.
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Psychographic
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Ads based on a(n)________ appeal depend on logic and speak to the audience's intellect.
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A rational
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Hospitals, schools, and religious organizations are examples of __________ buyers.
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Institutional
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In the context of diffusion of innovation, the dominant value of laggards is _____.
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Tradition
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In established businesses, a large proportion of b2b purchases fall into the __________ category.
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Straight rebuy
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To a producer of goods, a greater number of channel levels means ________.
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Less control
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Supervisory managers are charged with the planning in the __________ stage.
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Operational planning
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Operational excellence refers to companies that ________.
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Are good at production, delivery, price, and convenience
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National brands are also called _____.
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Manufacturer's brands
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Multiple items marketed under the same brand name are called a __________.
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Family brand
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Items such as sheet metal, treated lumber, corn syrup, and plastics are examples of _____.
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Processed materials
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In advertising, puffery refers to ________.
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Including innocent exaggeration for effect
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In a modified rebuy situation, __________ are likely to have an advantage in getting the order.
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Current vendors
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Confirmation is the __________ stage in a consumers adoption of a new product.
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_____ is the strategy that uses technology to deliver customized services on a mass basis.
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Mass standardization
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_____ is a customer's perception of how well a service meets or exceeds his or her expectations.
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Service quality
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The receiver's response to a message is ____ for the source.
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The primary objective of ________ advertising is to build selective demand.
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Persuasive
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The marketing process captures value from customers by __________.
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Creating profits and customer equity
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The first part of a marketing strategy statement describes the ________ of a new product.
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Target market
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Gatorade is classified as a(n) __________ brand.
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Conventions, trade shows, and sales contests are types of ________.
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Business promotions
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Because not all managers have fine moral sensitivity, companies need to ________.
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A total corporate commitment
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According to the video, goodwill has often had to cut prices due to poor ______ conditions.
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One major objective associated with a market-penetration pricing strategy is to ________.
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Win a large market share
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An air mass originating in the gulf of mexico should be labeled ________.
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It is crucial to study ocean microbes because _______.
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Coral and its organisms are valuable commodities in the aquarium industry.
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Critics charge that promotion adds only ________ to a product.
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Psychological value
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"now availablethe latest fall fashions" is an example of a(n) __________ advertising message.
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Informative
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Stores such as walmart, best buy, petsmart, david's bridal, and dsw shoes use ________ positioning.
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Same for less
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One of the most effective ways to enable users to be more self-reliant is through a ____.
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User training program
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Erp systems provide _____ and _____ benefits.
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Tangible, intangible
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Mcdonald's organizes its marketing team to align with its ________.
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Customer segments
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Most people would readily agree that the stock market is not _________.
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Strong form efficient
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A good marketing manager knows that ______.
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Break-even analysis is useless for comparing pricing alternatives
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The __________ of a hotel should have the most effect on who services convention groups:
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Experimental research is best suited for gathering ________ information.
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The percentage of homes with sets in use (hut) tuned to a specific program is known as _____.
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Audience share
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Tangible characteristics that customers can evaluate prior to purchase are termed ____________.
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Search attributes
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Offering product extensions, service, and warranty is a product strategy in the __________ phase.
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Growth stage
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_____ is a form of advertising designed to influence demand for a specific brand.
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Institutional advertising
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The elimination of intermediate organizations between the producer and the consumer is called _____
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Disintermediation
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_____ is characterized by intangible outputs.
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Service technology
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A(n) _____ involves promoting a product to final consumers.
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Push strategy
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To increase value, marketers may __________, decrease price, or do both.
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Decrease benefits
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The quick service restaurant (qsr) market is considered a(n)_______.
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Monopolistic competition
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When kinko's replenishes its supply of copy paper, it most likely involves a _____ situation.
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Straight rebuy
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Esri's tapestry is a widely used tool for _______ segmentation.
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Geodemographic
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Demand-based pricing most closely relates to the ____ of services.
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Intangibility
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Carmex partnered with __________ because s/he used one of its products.
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LeBron James
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By providing good customer service, firms __________ their products or services.
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Correct Answer:
Add value to
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_________ messages encourage potential buyers to make an immediate purchase decision.
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_____ would reduce retailer?s price and promotion wars with competitors.
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Every Day Low Pricing
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_____ creates a perception of a company or a personality for a brand.
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Image advertising
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Giving consumers larger quantities at a low price would help taco bell regain _____.
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A competitive advantage
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The aida model is tailor-made for the ___________ approach.
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The _________________ channel flow involves two-way communication between producer and consumer?
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Negotiation
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Strategically, a company may phase out or sell an sbu. this is known as __________.
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Divesting
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In a vertical marketing system, if the system is _______, the less likely conflict will occur.
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more formal.
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Failure to enter the current price into a retailer's system may result in charges of ________.
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Scanner fraud
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A ________ is a facility for the receipt, storage, and redistribution of goods to company stores.
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Distribution
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__________ pricing tactics lower the price of a product below the store's cost.
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Loss leader
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________ involves combining two or more systems of transportation to move products.
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Multimodal transportation
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________ advertising would most likely result in attack ads between competitors.
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A mí me gusta la carne de res, pero prefiero el ____.
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A market development strategy __________.
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Introduces existing products to new markets
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The scanner data collected by frito-lay is a form of ________ data.
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Internal secondary data
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______ act primarily as in-house advertising agents for the various events booked into facilities.
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Marketing director
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Marketing is as much about helping sellers sell products and services, as it is about __________.
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Helping buyers buy
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________ is when consumers indicate they know the brand when the name is presented to them.
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Aided recall
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The ____________ approach works best for most routine negative responses.
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The _____ is the unique ordering code for a product item.
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Stock keeping unit (SKU)
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Staples offers quality customer service and its own brand of products to establish a ___________.
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Competitive advantage
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Marketing channels refer to the _____ element of the marketing mix.
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Comparative advertising
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Vertical conflicts in distribution channels are conflicts that occur between ________.
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Correct Answer:
Different levels of the same channel
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Twitter tv is a service of __________________.
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All of the above
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The two types of securities offerings in the primary markets are ________ and ________.
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Initial public offerings; seasoned new issues
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The two components that go into making an effective schedule are ________ and ________.
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Loading; sequencing
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The most important actors in the company's microenvironment are __________.
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Customers
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The marketing of services differs from product marketing because services are _________.
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Intangible, inseparable, heterogeneous and perishable.
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The international capital market consists of the ________, ________, and ________.
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International bond market, international equity market, Eurocurrency market
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The first step of the business buying process is __________.
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Problem recognition
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The first step in developing a service blueprint is ____________.
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To identify all the key activities involved in creating and delivering the service
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The different types of purchases are different because ______.
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Of differences in the mind of the customer
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The _____ describes the average distance of distribution values from the mean.
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Standard deviation
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Specialty stores carry ________ with ________ within them.
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Narrow product lines; deep assortments
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Specialty stores are characterized by ________.
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Narrow product lines with deep assortments
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Specialty products are consumer products and services that customers generally buy ________.
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Without making comparisons
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Setting the right price ________.
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Can help differentiate the product from the competition
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Services are usually distributed through _____ marketing channels.
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Direct channels.
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Services ____________ factors for the customer to evaluate as compared to goods.
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Have fewer
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Service ________ means that customers cannot see, touch, or smell good service.
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Intangibility
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Selective distribution is a strategy in which ________.
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More than one but fewer than all willing intermediaries are used by a seller
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Retailers use __________ to get customers into their stores.
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Mass media advertising
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Promotional tools offered to consumers include ________.
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rebates, coupons, price packs, and samples
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Price setting is usually determined by ________ in small companies.
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Top management
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One of the weaknesses of using surveys to estimate the demand curve is ________.
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Consumers exaggerate their willingness to pay for new products and services
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Invoices, customer lists, and financial reports are all types of _______ data.
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Secondary
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In break-even analysis, when the break-even point is reached _______ is (are) zero.
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In a(n) ________, there is a two-way exchange of information between purchasing organizations.
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Channel partner model
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In _______ many firms provide similar products that are considered substitutes for each other.
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Pure competition
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Identifying, describing and promoting the product are three functions of ______.
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For most products, the upc code would be located on the _______ package.
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Secondary
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Census data is an example of a ________ source of big data.
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Government
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According to the price equation, final price equals list price minus __________ plus extra fees.
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Correct Answer:
Both a and b
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A(n) ____ is a concept, philosophy, or image.
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A convenience store offers ________ utility by being open 24 hours each day.
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A commonly used measure of price sensitivity is _____.
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Price elasticity
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A ______________ is one for which a customer will accept no substitute?
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Specialty product
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A __________ product is a style of the times.
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_____ are actions taken by a firm to accomplish _____.
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Strategies; objectives
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The __________ environment deals with issues that affect all companies in an industry?
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Good names for a new internet brand should do all of the following except ________.
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Correct Answer:
Be similar to other brand names
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____________ deals with the flow of physical goods and related information through the value chain?
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Logistics
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The _____ of developing an imc budget treats imc as a marketing tool for generating sales.
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Objective/task method
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Communicating and delivering value focuses on _____________________.
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Supply chain management, Branding and positioning, and Integrated marketing communications
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A(n) _________________ contains one or more intermediary levels.
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Indirect channel
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The business analysis stage of a new-product development process _____.
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calculates preliminary figures for demand, cost, sales, and profitability
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Traditionally, advertising has been _____ and _____.
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Passive; offline
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A ________ delivered by a product is the outcome that motivates a customer's buying behavior.
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A no-haggle pricing policy is a type of _______________ pricing strategy.
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Customer-oriented
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A country with a(n) ________ has rich markets for many different kinds of goods.
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Industrial
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A ________ is the set of all products and items a particular seller offers for sale.
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Product mix
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A market-skimming pricing strategy should not be used for a new product when ________.
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Competitors can undercut prices easily
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A brand difference is said to be preemptive if ________.
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Correct Answer:
Competitors cannot easily copy the difference
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A blog is __________, whereas a wiki is __________.
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A publicly accessible personal journal and online forum; website created & edited by users
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_____ is the primary tool used by a sales-oriented organization to achieve its corporate goals.
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Promotion
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__________ is the third step in value-based pricing.
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Correct Answer:
Assess needs of customer
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_______ refers to the process of evaluating and selecting the _______.
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Correct Answer:
Media planning; media mix
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_____ evaluate new-product ideas usually before any prototype has been created.
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Correct Answer:
Concept tests
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