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 _____.

Answer

Correct Answer: A complex tone

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Integrated marketing communication (imc) campaigns typically involve ______.

Answer

Correct Answer: All of these

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In marketing research, interviewers submitting false data for surveys are said to be ____.

Answer

Correct Answer: Curbstoning

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In the context of web 2.0, web apis enable the creation of ________.

Answer

Correct Answer: Mashups

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One percenters are an example of ________.

Answer

Correct Answer: Income inequality.

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Information search is that stage of the buyer decision process in which the consumer __________.

Answer

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.

Answer

Correct Answer: Larger than

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The bargaining power of a customer is weak if ________.

Answer

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 ____.

Answer

Correct Answer: Wait time

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The attitude-toward-the-object model represents a _____ approach.

Answer

Correct Answer: Compensatory

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Region and city size are both variables used to employ __________ segmentation.

Answer

Correct Answer: Geographic

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Producing bills of materials is a business process within the ________ function.

Answer

Correct Answer: Manufacturing and production

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Information, negotiation, finance, and risk taking are functions that occur in ________.

Answer

Correct Answer: Both A and B

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In the context of communication styles, _____ are low on responsiveness but high on assertiveness.

Answer

Correct Answer: ​drivers

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In recent years, today's marketers are also reexamining their ________ responsibilities.

Answer

Correct Answer: Both ethical and societal

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In consumer markets, __________.

Answer

Correct Answer: 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.

Answer

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) ____.

Answer

Correct Answer: Request For Proposals

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A forester is _______

Answer

Correct Answer: 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) ________.

Answer

Correct Answer: Personal information system.

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A good description requires_____.

Answer

Correct Answer: Concrete sensory details

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The world trade organization is wholly dedicated to _____.

Answer

Correct Answer: 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.

Answer

Correct Answer: Statement of follow-up action

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Data gathered from trade journals, the census bureau and specialized research firms is _____ data.

Answer

Correct Answer: Secondary.

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1. a firm's marketing strategy identifies a firm's target market(s), its four ps, and _______.

Answer

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 ________.

Answer

Correct Answer: Get close to customers

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The robinson-patman act does not include regulations that ________.

Answer

Correct Answer: Apply to resellers.

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The first step in developing a relationship strategy is ________.

Answer

Correct Answer: Adopting a​ win-win philosophy

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_____ helps in the prompt resolution of service issues.

Answer

Correct Answer: Employee empowerment

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Attitude components tend to be _____.

Answer

Correct Answer: Consistent

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_____ refers to exaggerated, subjective claims that can't be proven true or false.

Answer

Correct Answer: Puffery

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The price ceiling, the maximum price a company can charge, is set by ________.

Answer

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.

Answer

Correct Answer: Straight rebuy

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The most common cost-based approach to pricing is ________.

Answer

Correct Answer: Demand-based pricing

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The ________ concept focuses on the future welfare of consumers and future company needs.

Answer

Correct Answer: Sustainable marketing

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Search marketing attempts to generate traffic from ______ through both paid and unpaid efforts.

Answer

Correct Answer: Search engines

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A(n) ________ reflects the general esteem given to the different roles of a person by society.

Answer

Correct Answer: Status.

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Laws governing _____ offer the most striking differences between common-law and code-law systems.

Answer

Correct Answer: International trade

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To track the number of video views on his website, anthony would set up a(n)______ goal.

Answer

Correct Answer: Event

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Women tend to seek assistance while shopping for electronics and rely more heavily on _______.

Answer

Correct Answer: Word-of-mouth

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With the help of ________ systems, consumers can avoid watching ads.

Answer

Correct Answer: DVR

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Volunteers belong to a company's ________ publics.

Answer

Correct Answer: Internal

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Unlike the marketing concept, the sustainable marketing concept focuses on ________.

Answer

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 _____.

Answer

Correct Answer: National brands

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There are eight marketing reasons why a new product can fail. one of these is __________.

Answer

Correct Answer: Having an insignificant point of difference

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The term big data refers to the ________.

Answer

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 ________________________.

Answer

Correct Answer: Naked solution

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The __________ monitors and remedies unfair trade methods.

Answer

Correct Answer: Federal trade commission act

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The _____ authorizes the federal trade commission to restrict unfair or deceptive acts.

Answer

Correct Answer: Wheeler-Lea Amendment

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Technology is a way of life for ________, the largest generational group.

Answer

Correct Answer: Millennials

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Channel members are also known as _____.

Answer

Correct Answer: Intermediaries or

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Capacity planning is complicated by the fact that ___________________.

Answer

Correct Answer: Both a and b

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Capacity decisions at the strategic level include ____________________.

Answer

Correct Answer: Investment in new facilities and equipment

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Bose promises "better sound through research." this is an example of ________.

Answer

Correct Answer: Product differentiation

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Blood donations to the red cross are considered __________ products.

Answer

Correct Answer: Unsought

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Beverages that are high in sugar are called ________ products.

Answer

Correct Answer: Pleasing

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Because of high ___________ retailers with low profit margins can still be attractive businesses?

Answer

Correct Answer: Inventory turnover

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Basic price adjustments known as __________ are used to reward customers for certain responses.

Answer

Correct Answer: Discounts and allowances

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An advantage that cannot be copied by the competition is called a(n) _____ competitive advantage.

Answer

Correct Answer: Sustainable

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Among nonusers of fast-food restaurants, ____________ are more important than _________.

Answer

Correct Answer: Prospects; nonprospects

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All of the following are ways to make waits more bearable except ____________.

Answer

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?

Answer

Correct Answer: Decision.

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A(n) __________ is a marketing channel that has no intermediary level.

Answer

Correct Answer: Administered vertical marketing system

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A _____ is formed by the merging of two previously separate units into a single household.

Answer

Correct Answer: Blended family

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_____________ include retail and wholesale businesses.

Answer

Correct Answer: Resellers

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__________ retailing refers to the creation of a seamless cross-channel buying experience.

Answer

Correct Answer: Omni-channel

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__________ occurs when customers experience the company delivering on its brand promises.

Answer

Correct Answer: Brand bonding

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__________ is not an example of a firms efforts toward greater sustainability.

Answer

Correct Answer: Decreasing operational efficiencies

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__________ is a practice in which firms outsource marketing activities to a community of users.

Answer

Correct Answer: Crowdsourcing

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________ help companies reach many prospects that are not reached through their sales forces.

Answer

Correct Answer: Trade shows

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_______ lowers the price of an item below the store's cost.

Answer

Correct Answer: Loss leader pricing

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______ segmentation delves into how consumers actually describe themselves.

Answer

Correct Answer: Psychographic

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_____ is the phenomenon that occurs when expectations affect performance perceptions.

Answer

Correct Answer: Confirmatory bias

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_____ includes media such as television, magazine, outdoor, radio, or newspaper advertising.

Answer

Correct Answer: Paid media

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_____ are retailers that compete on the basis of low prices, high turnover, and high volume.

Answer

Correct Answer: Discount stores

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____ are more consumer-driven than traditional media.

Answer

Correct Answer: Digital media

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The marketing funnel is used to break down consumers into different ____________________ stages.

Answer

Correct Answer: Loyalty status

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Empty nesters tend to start dreaming of spending their greater discretionary income on ____.

Answer

Correct Answer: Travel and hobbies

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When product is defined in a marketing context, it is _________.

Answer

Correct Answer: 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.

Answer

Correct Answer: High-involvement purchase

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Two key types of synergies are __________.

Answer

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) _______.

Answer

Correct Answer: Enhance the positivity of the target segment's attitudes.

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The personality of a retail store is also called ________.

Answer

Correct Answer: Store image

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Having a product or service where you want it is a function of __________ utility.

Answer

Correct Answer: Place

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Focus groups are typically used as a(n) __________ technique.

Answer

Correct Answer: Exploratory

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Companies build associations to their brands through _____.

Answer

Correct Answer: Classical conditioning

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B2c markets can be characterized as being more ________ than b2b markets.

Answer

Correct Answer: Impersonal

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Aggressive pricing is typical during the ____ stage of the product life cycle.

Answer

Correct Answer: Decline

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The institutions of the european union form a(n) _____ pattern.

Answer

Correct Answer: Federal

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The proper attitude during closing should be viewed as a ________.

Answer

Correct Answer: Strategic resource and partner for the customer

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Need satisfaction can be achieved through ________, or reminding.

Answer

Correct Answer: ​informing, persuading

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Many ________ are playing a more active role in character development.

Answer

Correct Answer: Colleges and universities

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With a _____, a firm produces standardized products to be sold the same way all over the world.

Answer

Correct Answer: Global marketing standardization approach

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When compared to merchant wholesalers, brokers and agents ________.

Answer

Correct Answer: 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.

Answer

Correct Answer: Logistics

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Vals is the most widely used __________ segmentation tool.

Answer

Correct Answer: Psychographic

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Ads based on a(n)________ appeal depend on logic and speak to the audience's intellect.

Answer

Correct Answer: A rational

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Hospitals, schools, and religious organizations are examples of __________ buyers.

Answer

Correct Answer: Institutional

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In the context of diffusion of innovation, the dominant value of laggards is _____.

Answer

Correct Answer: Tradition

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In established businesses, a large proportion of b2b purchases fall into the __________ category.

Answer

Correct Answer: Straight rebuy

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To a producer of goods, a greater number of channel levels means ________.

Answer

Correct Answer: Less control

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Supervisory managers are charged with the planning in the __________ stage.

Answer

Correct Answer: Operational planning

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Operational excellence refers to companies that ________.

Answer

Correct Answer: Are good at production, delivery, price, and convenience

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National brands are also called _____.

Answer

Correct Answer: Manufacturer's brands

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Multiple items marketed under the same brand name are called a __________.

Answer

Correct Answer: Family brand

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Items such as sheet metal, treated lumber, corn syrup, and plastics are examples of _____.

Answer

Correct Answer: Processed materials

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In advertising, puffery refers to ________.

Answer

Correct Answer: Including innocent exaggeration for effect

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In a modified rebuy situation, __________ are likely to have an advantage in getting the order.

Answer

Correct Answer: Current vendors

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Confirmation is the __________ stage in a consumers adoption of a new product.

Answer

Correct Answer: Last

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_____ is the strategy that uses technology to deliver customized services on a mass basis.

Answer

Correct Answer: Mass standardization

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_____ is a customer's perception of how well a service meets or exceeds his or her expectations.

Answer

Correct Answer: Service quality

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The receiver's response to a message is ____ for the source.

Answer

Correct Answer: Feedback

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The primary objective of ________ advertising is to build selective demand.

Answer

Correct Answer: Persuasive

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The marketing process captures value from customers by __________.

Answer

Correct Answer: Creating profits and customer equity

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The first part of a marketing strategy statement describes the ________ of a new product.

Answer

Correct Answer: Target market

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Gatorade is classified as a(n) __________ brand.

Answer

Correct Answer: Global

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Conventions, trade shows, and sales contests are types of ________.

Answer

Correct Answer: Business promotions

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Because not all managers have fine moral sensitivity, companies need to ________.

Answer

Correct Answer: A total corporate commitment

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According to the video, goodwill has often had to cut prices due to poor ______ conditions.

Answer

Correct Answer: Economic

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One major objective associated with a market-penetration pricing strategy is to ________.

Answer

Correct Answer: Win a large market share

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An air mass originating in the gulf of mexico should be labeled ________.

Answer

Correct Answer: MT

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It is crucial to study ocean microbes because _______.

Answer

Correct Answer: Coral and its organisms are valuable commodities in the aquarium industry.

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Critics charge that promotion adds only ________ to a product.

Answer

Correct Answer: Psychological value

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"now availablethe latest fall fashions" is an example of a(n) __________ advertising message.

Answer

Correct Answer: Informative

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Stores such as walmart, best buy, petsmart, david's bridal, and dsw shoes use ________ positioning.

Answer

Correct Answer: Same for less

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One of the most effective ways to enable users to be more self-reliant is through a ____.

Answer

Correct Answer: User training program

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Erp systems provide _____ and _____ benefits.

Answer

Correct Answer: Tangible, intangible

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Mcdonald's organizes its marketing team to align with its ________.

Answer

Correct Answer: Customer segments

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Most people would readily agree that the stock market is not _________.

Answer

Correct Answer: Strong form efficient

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A good marketing manager knows that ______.

Answer

Correct Answer: 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:

Answer

Correct Answer: Size

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Experimental research is best suited for gathering ________ information.

Answer

Correct Answer: Causal

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The percentage of homes with sets in use (hut) tuned to a specific program is known as _____.

Answer

Correct Answer: Audience share

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Tangible characteristics that customers can evaluate prior to purchase are termed ____________.

Answer

Correct Answer: Search attributes

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Offering product extensions, service, and warranty is a product strategy in the __________ phase.

Answer

Correct Answer: Growth stage

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_____ is a form of advertising designed to influence demand for a specific brand.

Answer

Correct Answer: Institutional advertising

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The elimination of intermediate organizations between the producer and the consumer is called _____

Answer

Correct Answer: Disintermediation

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_____ is characterized by intangible outputs.

Answer

Correct Answer: Service technology

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A(n) _____ involves promoting a product to final consumers.

Answer

Correct Answer: Push strategy

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To increase value, marketers may __________, decrease price, or do both.

Answer

Correct Answer: Decrease benefits

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The quick service restaurant (qsr) market is considered a(n)_______.

Answer

Correct Answer: Monopolistic competition

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When kinko's replenishes its supply of copy paper, it most likely involves a _____ situation.

Answer

Correct Answer: Straight rebuy

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Esri's tapestry is a widely used tool for _______ segmentation.

Answer

Correct Answer: Geodemographic

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Demand-based pricing most closely relates to the ____ of services.

Answer

Correct Answer: Intangibility

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Carmex partnered with __________ because s/he used one of its products.

Answer

Correct Answer: LeBron James

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By providing good customer service, firms __________ their products or services.

Answer

Correct Answer: Add value to

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_________ messages encourage potential buyers to make an immediate purchase decision.

Answer

Correct Answer: Relevant

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_____ would reduce retailer?s price and promotion wars with competitors.

Answer

Correct Answer: Every Day Low Pricing

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_____ creates a perception of a company or a personality for a brand.

Answer

Correct Answer: Image advertising

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Giving consumers larger quantities at a low price would help taco bell regain _____.

Answer

Correct Answer: A competitive advantage

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The aida model is tailor-made for the ___________ approach.

Answer

Correct Answer: Indirect

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The _________________ channel flow involves two-way communication between producer and consumer?

Answer

Correct Answer: Negotiation

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Strategically, a company may phase out or sell an sbu. this is known as __________.

Answer

Correct Answer: Divesting

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In a vertical marketing system, if the system is _______, the less likely conflict will occur.

Answer

Correct Answer: more formal.

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Failure to enter the current price into a retailer's system may result in charges of ________.

Answer

Correct Answer: Scanner fraud

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A ________ is a facility for the receipt, storage, and redistribution of goods to company stores.

Answer

Correct Answer: Distribution

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__________ pricing tactics lower the price of a product below the store's cost.

Answer

Correct Answer: Loss leader

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________ involves combining two or more systems of transportation to move products.

Answer

Correct Answer: Multimodal transportation

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________ advertising would most likely result in attack ads between competitors.

Answer

Correct Answer: Reminder

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A mí me gusta la carne de res, pero prefiero el ____.

Answer

Correct Answer: Pescado

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A market development strategy __________.

Answer

Correct Answer: Introduces existing products to new markets

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The scanner data collected by frito-lay is a form of ________ data.

Answer

Correct Answer: Internal secondary data

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______ act primarily as in-house advertising agents for the various events booked into facilities.

Answer

Correct Answer: Marketing director

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Marketing is as much about helping sellers sell products and services, as it is about __________.

Answer

Correct Answer: Helping buyers buy

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________ is when consumers indicate they know the brand when the name is presented to them.

Answer

Correct Answer: Aided recall

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The ____________ approach works best for most routine negative responses.

Answer

Correct Answer: Direct

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The _____ is the unique ordering code for a product item.

Answer

Correct Answer: Stock keeping unit (SKU)

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Staples offers quality customer service and its own brand of products to establish a ___________.

Answer

Correct Answer: Competitive advantage

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Marketing channels refer to the _____ element of the marketing mix.

Answer

Correct Answer: Comparative advertising

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Vertical conflicts in distribution channels are conflicts that occur between ________.

Answer

Correct Answer: Different levels of the same channel

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Twitter tv is a service of __________________.

Answer

Correct Answer: All of the above

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The two types of securities offerings in the primary markets are ________ and ________.

Answer

Correct Answer: Initial public offerings; seasoned new issues

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The two components that go into making an effective schedule are ________ and ________.

Answer

Correct Answer: Loading; sequencing

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The most important actors in the company's microenvironment are __________.

Answer

Correct Answer: Customers

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The marketing of services differs from product marketing because services are _________.

Answer

Correct Answer: Intangible, inseparable, heterogeneous and perishable.

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The international capital market consists of the ________, ________, and ________.

Answer

Correct Answer: International bond​ market, international equity​ market, Eurocurrency market

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The first step of the business buying process is __________.

Answer

Correct Answer: Problem recognition

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The first step in developing a service blueprint is ____________.

Answer

Correct Answer: 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 ______.

Answer

Correct Answer: Of differences in the mind of the customer

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The _____ describes the average distance of distribution values from the mean.

Answer

Correct Answer: Standard deviation

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Specialty stores carry ________ with ________ within them.

Answer

Correct Answer: Narrow product lines; deep assortments

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Specialty stores are characterized by ________.

Answer

Correct Answer: Narrow product lines with deep assortments

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Specialty products are consumer products and services that customers generally buy ________.

Answer

Correct Answer: Without making comparisons

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Setting the right price ________.

Answer

Correct Answer: Can help differentiate the product from the competition

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Services are usually distributed through _____ marketing channels.

Answer

Correct Answer: Direct channels.

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Services ____________ factors for the customer to evaluate as compared to goods.

Answer

Correct Answer: Have fewer

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Service ________ means that customers cannot see, touch, or smell good service.

Answer

Correct Answer: Intangibility

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Selective distribution is a strategy in which ________.

Answer

Correct Answer: 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.

Answer

Correct Answer: Mass media advertising

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Promotional tools offered to consumers include ________.

Answer

Correct Answer: ​rebates, coupons, price​ packs, and samples

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Price setting is usually determined by ________ in small companies.

Answer

Correct Answer: Top management

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One of the weaknesses of using surveys to estimate the demand curve is ________.

Answer

Correct Answer: 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.

Answer

Correct Answer: Secondary

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In break-even analysis, when the break-even point is reached _______ is (are) zero.

Answer

Correct Answer: Profits

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In a(n) ________, there is a two-way exchange of information between purchasing organizations.

Answer

Correct Answer: Channel partner model

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In _______ many firms provide similar products that are considered substitutes for each other.

Answer

Correct Answer: Pure competition

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Identifying, describing and promoting the product are three functions of ______.

Answer

Correct Answer: Labeling

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For most products, the upc code would be located on the _______ package.

Answer

Correct Answer: Secondary

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Census data is an example of a ________ source of big data.

Answer

Correct Answer: Government

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According to the price equation, final price equals list price minus __________ plus extra fees.

Answer

Correct Answer: Both a and b

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A(n) ____ is a concept, philosophy, or image.

Answer

Correct Answer: Idea

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A convenience store offers ________ utility by being open 24 hours each day.

Answer

Correct Answer: Time

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A commonly used measure of price sensitivity is _____.

Answer

Correct Answer: Price elasticity

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A ______________ is one for which a customer will accept no substitute?

Answer

Correct Answer: Specialty product

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A __________ product is a style of the times.

Answer

Correct Answer: Fashion

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_____ are actions taken by a firm to accomplish _____.

Answer

Correct Answer: Strategies; objectives

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The __________ environment deals with issues that affect all companies in an industry?

Answer

Correct Answer: Macro

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Good names for a new internet brand should do all of the following except ________.

Answer

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?

Answer

Correct Answer: Logistics

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The _____ of developing an imc budget treats imc as a marketing tool for generating sales.

Answer

Correct Answer: Objective/task method

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Communicating and delivering value focuses on _____________________.

Answer

Correct Answer: Supply chain management, Branding and positioning, and Integrated marketing communications

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A(n) _________________ contains one or more intermediary levels.

Answer

Correct Answer: Indirect channel

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The business analysis stage of a new-product development process _____.

Answer

Correct Answer: ​calculates preliminary figures for demand, cost, sales, and profitability

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Traditionally, advertising has been _____ and _____.

Answer

Correct Answer: Passive; offline

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A ________ delivered by a product is the outcome that motivates a customer's buying behavior.

Answer

Correct Answer: Benefit

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A no-haggle pricing policy is a type of _______________ pricing strategy.

Answer

Correct Answer: Customer-oriented

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A country with a(n) ________ has rich markets for many different kinds of goods.

Answer

Correct Answer: Industrial

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A ________ is the set of all products and items a particular seller offers for sale.

Answer

Correct Answer: Product mix

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A market-skimming pricing strategy should not be used for a new product when ________.

Answer

Correct Answer: Competitors can undercut prices easily

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A brand difference is said to be preemptive if ________.

Answer

Correct Answer: Competitors cannot easily copy the difference

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A blog is __________, whereas a wiki is __________.

Answer

Correct Answer: 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.

Answer

Correct Answer: Promotion

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__________ is the third step in value-based pricing.

Answer

Correct Answer: Assess needs of customer

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_______ refers to the process of evaluating and selecting the _______.

Answer

Correct Answer: Media planning; media mix

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_____ evaluate new-product ideas usually before any prototype has been created.

Answer

Correct Answer: Concept tests

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