MCQs > Sales & Marketing > Modern Marketing MCQs > Principles of Marketing MCQs

Principles of Marketing MCQ

One rule of marketing is that _____% of purchasers account for _____% of a product's sales.

Answer

Correct Answer: 20; 80.

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The era when companies believed that a good quality product would simply sell itself ran ________.

Answer

Correct Answer: Industrial revolution to the 1920s.

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One problem that the web presents for clothing retailers of all types is that _____.

Answer

Correct Answer: Color settings on computer monitors vary widely

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One perk most drinking establishments offer to designated drivers is free __________ .

Answer

Correct Answer: non alcoholic drinks such as mock tails and appetizers,

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Industry profits decline during the market maturity stage due to______.

Answer

Correct Answer: Increased competitive pressure to cut prices

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The best place in a swot analysis to identify an increased marketing budget is in ________.

Answer

Correct Answer: Internal strengths

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The effectiveness of standardized services relies mostly on _____.

Answer

Correct Answer: The quality of the retailer's policies and procedures

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The concept of ________ encompasses the beliefs and associations that a consumer has about a brand.

Answer

Correct Answer: Brand meaning

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Over the past two decades, the u.s. population has shifted toward the ________ states.

Answer

Correct Answer: Sunbelt

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Jetblue's promise to put "you above all" by "bringing humanity back to travel" is their ________.

Answer

Correct Answer: Value proposition

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Internet auction sites like ebay facilitate _______ marketing.

Answer

Correct Answer: C2C

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Postponing is one technique for ________ in a sales presentation.

Answer

Correct Answer: Handling objections

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In the income statement, ebit minus interest costs equals ________.

Answer

Correct Answer: Pre-tax profit

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In the context of service processes, _____ takes place when the service is directed at a customer.

Answer

Correct Answer: People processing

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In the ________, separate sales forces are set up for different industries.

Answer

Correct Answer: Customer sales force structure

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In some cases a marketing dashboard can overly rely on _________.

Answer

Correct Answer: Inside-out measurement

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In retail in general and fashion in particular, having _____ is considered the kiss of death.

Answer

Correct Answer: Excess inventory

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Unlike simple cells, complex cells respond best to _____.

Answer

Correct Answer: Moving stimuli

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Rods and cones synapse with ______ cells, which then synapse with ____ cells.

Answer

Correct Answer: Bipolar; ganglion

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Blake and hirsch (1975) use selective rearing of kittens to show that _____.

Answer

Correct Answer: Disparity-selective neurons are responsible for stereopsis

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Acuity is better in the ____ than in the ____

Answer

Correct Answer: Fovea ; periphery

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According to corollary discharge theory, movement is perceived when _____.

Answer

Correct Answer: The comparator receives the corollary discharge signal and image displacement signal simultaneously

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Color information from the blue cones is transmitted through the ________ system(s).

Answer

Correct Answer: Koniocellular

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According to brain imaging studies, speech perception occurs in the _______ lobe.

Answer

Correct Answer: Temporal

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_______ refers to the vividness of a stimulus relative to its neighbors.

Answer

Correct Answer: Salience

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Socioeconomic market segmentation is another name for _____ segmentation.

Answer

Correct Answer: Demographic

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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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To deliver the message about its _________, mcdonald's uses a variety of communication methods.

Answer

Correct Answer: Quality

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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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A firm's reputation for high-quality products is a (n) ______ for the firm.

Answer

Correct Answer: Strength

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Consumers might put significant effort into purchasing a _____________?

Answer

Correct Answer: Shopping product

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Customers who choose one brand over another are displaying __________.

Answer

Correct Answer: Brand preference.

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

Answer

Correct Answer: Business promotions

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Whirlpool appliances would most likely use _____ distribution to sell its products.

Answer

Correct Answer: Selective

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_____ should ultimately be the focus of any outsourcing or insourcing decisions made by a company.

Answer

Correct Answer: The customer

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________ refers to the passage of individuals from one social class to another.

Answer

Correct Answer: Social mobility

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A laundry detergent is most likely to be an example of a(n) ________ product.

Answer

Correct Answer: Convenience

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A key goal for the web sites of many not-for-profit organizations is _____.

Answer

Correct Answer: Information dissemination

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A good marketing manager knows that ______.

Answer

Correct Answer: All of these alternatives are true

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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 _____ is a new product that copies, with slight modification, the design of an original product.

Answer

Correct Answer: Knockoff

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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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___________ would probably be distributed using an intensive strategy.

Answer

Correct Answer: Popular magazines

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_____ relates to how easily consumers can test and use the product.

Answer

Correct Answer: Trialability

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_____ pricing is the most popular method of fixed margin pricing.

Answer

Correct Answer: Cost-based

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_____ means establishing only one retail outlet in a given area.

Answer

Correct Answer: Exclusive distribution

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_____ involves placing banner ads on a social networking web site.

Answer

Correct Answer: Direct Advertising

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_____ demands that marketers actively contribute to the needs of the broader community.

Answer

Correct Answer: Social responsibility

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_____ are the first 2.5 percent of all those who first adopt a new product.

Answer

Correct Answer: Innovators

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_____ are specialized internet sites where b2b buyers and sellers exchange products and services.

Answer

Correct Answer: E-marketplaces

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When black & decker manufactures its wide array of tools, it is using a(n) ____ process.

Answer

Correct Answer: Synthetic

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Most firms advertising's goal is to enhance _____.

Answer

Correct Answer: Brand image

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The mode of transportation that offers the greatest frequency is _____.

Answer

Correct Answer: Pipelines

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The lower the ___________ the more likely people will be to adopt your new product?

Answer

Correct Answer: Complexity

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The first time that a particular visitor loads a web site page is called a(n) _____.

Answer

Correct Answer: Trial visit

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The __________ gap can be reduced by managing consumers' expectations.

Answer

Correct Answer: Communication

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The _____ refers to a situation where ads appear alongside text the advertiser would like to avoid.

Answer

Correct Answer: Content adjacency problem

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Never discuss ____ with an auto dealer.

Answer

Correct Answer: Affordable monthly payments

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Little m marketing is also known as __________.

Answer

Correct Answer: Little m marketing.

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The organizational ________ answers the question, "what will we do?"

Answer

Correct Answer: Direction

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Market skimming prices are preferred in all of the following conditions except __________.

Answer

Correct Answer: An initial low price is set by the companies

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Once a sale is made and the product delivered in the b2b market, the buyer _____.

Answer

Correct Answer: Evaluates the product and supplier in a post-purchase process.

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

Answer

Correct Answer: Search attributes

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The most universal survey research problem in foreign countries is the ________ barrier.

Answer

Correct Answer: Language.

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The greater the potential reward, ________.

Answer

Correct Answer: The riskier the investment is likely to be

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With ____, community members are the editors and gatekeepers of the content of a site.

Answer

Correct Answer: Wikis

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While using social networks as part of the hiring process, employers can _____.

Answer

Correct Answer: Look at the profiles of potential candidates

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When dealing with order processing, there is a trade-off between ____________ and ____________?

Answer

Correct Answer: Transaction costs, inventory levels

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Various stakeholders and ____ determine the acceptable standards of conduct involving ethics.

Answer

Correct Answer: The organizations' ethical climate

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Using technology and __________ are two ways a delivery gap can be reduced in size.

Answer

Correct Answer: Empowering employees

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

Answer

Correct Answer: Increase benefits

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The two fundamental approaches to learning include ____ and _____.

Answer

Correct Answer: Conditioning, cognitive learning

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The triangular red nabisco logo is an example of a ________.

Answer

Correct Answer: Brand mark

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The term ________ refers to investors who anticipate increases in stock prices.

Answer

Correct Answer: Bulls

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The lower the ________ compared to revenue, the higher the gross profit.

Answer

Correct Answer: Assets.

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The internet offers ________, where the price can easily be adjusted to meet changes in demand.

Answer

Correct Answer: Dynamic pricing

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The initial function of a marketing information system is ________.

Answer

Correct Answer: Assessing the information needs of a company

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The goal of _____ is to develop a dialog between the company and the community.

Answer

Correct Answer: Community involvement

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The __________ can be used to inform prospective buyers about the benefits of the product.

Answer

Correct Answer: Promotional mix

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The ________ concept is specifically focused on the future welfare of consumers.

Answer

Correct Answer: Strategic planning

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State bureaus of tourism and conventions typically engage in _____ marketing.

Answer

Correct Answer: Place

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One framework for designing an effective message is the aida model. in the aida model __________.

Answer

Correct Answer: Attention leads to interest, which hopefully leads to desire

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Old navy jeans are sold exclusively at old navy stores. this is an example of a(n) _________ brand.

Answer

Correct Answer: Private-label or dealer brand

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Of all the federal regulatory units, the ____ most heavily influences marketing activities.

Answer

Correct Answer: Federal Trade Commission (FTC)

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Nike, kitchenaid, and sony are all examples of the use of _____ brands.

Answer

Correct Answer: Manufacturer

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Nations that are high in _____ are most likely to be slower to adopt product innovations.

Answer

Correct Answer: Uncertainty avoidance

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Moving from television broadcast into e-commerce has allowed hsn to achieve _______ excellence.

Answer

Correct Answer: Locational

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Most graphical display ads are billed on a _____ basis.

Answer

Correct Answer: CPM

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Members of a company

Answer

Correct Answer: Outside sales force

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Mcdonald

Answer

Correct Answer: Franchises

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Markup pricing may be expressed in terms of a percentage of either the ____ or the cost.

Answer

Correct Answer: Selling price

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Marketers primarily focus their environmental analysis on ____ competitors.

Answer

Correct Answer: Brand

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Marketers can actively influence the _____, but they usually are unable to control the _____.

Answer

Correct Answer: Marketing mix; external environment

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Lowes and best buy would most likely be found in a _____ shopping center

Answer

Correct Answer: Power.

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The perceptions of __________ are being measured in a perceptual map.

Answer

Correct Answer: Customer

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Market testing can take a long time, and this can result in ________.

Answer

Correct Answer: Competitors being able to develop marketing strategies to counter a

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The persons who are most likely to have a functionally decorated office are those of the ____ style

Answer

Correct Answer: Decisive

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A(n) __________ is a need or want strong enough to cause a person to seek satisfaction.

Answer

Correct Answer: Perceptions

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A(n) _____ is a tangible product, something we can see, touch, smell, hear, taste, or possess.

Answer

Correct Answer: Good

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Consumers are changing ____ and consumption behaviors to fit with emerging technologies and trends.

Answer

Correct Answer: Their information searches

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_____ are nonfinancial forms of compensation provided to employees.

Answer

Correct Answer: Benefits

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If you purchase production capacity and automation, they are available ____.

Answer

Correct Answer: It is available in the next year.

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

Answer

Correct Answer: Labeling

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During the _____________ stage of the fashion cycle, new styles are sought by trendsetters?

Answer

Correct Answer: Distinctiveness

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Deciding on store atmosphere is an example of a __________.

Answer

Correct Answer: Product assortment and services decision

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Comparative advertising works best when ________.

Answer

Correct Answer: Consumers are processing advertising in a detailed, analytical mode

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Companies that specialize in sentiment analysis are least likely to look at __________ for data.

Answer

Correct Answer: YouTube

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A site with enormous readership is labeled a(n) ________ site.

Answer

Correct Answer: Power

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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 supports a particular view or position on an issue.

Answer

Correct Answer: Advocacy

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______ involves attempts to draw consumers and establishments to a certain physical region.

Answer

Correct Answer: Place marketing

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A testimonial written in story form is known as a(n) ____.

Answer

Correct Answer: Case history

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A differentiated targeting strategy is a strategy that __________.

Answer

Correct Answer: Develops one or more products for each of several distinct customer groups and makes sure these offerings are kept separate in the marketplace

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______ segmentation delves into how consumers actually describe themselves.

Answer

Correct Answer: Psychographic

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Salespeople use the consultative sales presentation because ________.

Answer

Correct Answer: All of these

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

Answer

Correct Answer: Secondary

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The unit variable cost (uvc) equals variable cost (vc) divided by __________.

Answer

Correct Answer: Unit variable cost (UVC) = Variable cost (VC) ÷ Quantity (Q).

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Capturing customers' clicking behavior is referred to as ________.

Answer

Correct Answer: Clickstream data

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The 80/20 rule is most directly related to ________ segmentation.

Answer

Correct Answer: Behavioral

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The _____ of marketing research is to address "what if" questions.

Answer

Correct Answer: Predictive function

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Phasing out weak items is a product strategy in the __________ phase.

Answer

Correct Answer: Decline

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Prestige pricing is considered to be a __________ approach to pricing.

Answer

Correct Answer: Demand-oriented

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In the context of controlling middlemen, parallel importing is also known as _____.

Answer

Correct Answer: Secondary wholesaling

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_____ refers to the inability of services to be stored, warehoused, or inventoried.

Answer

Correct Answer: Perishability

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There are four categories of __________ brands: premium, generic, copycat and exclusive co-brands.

Answer

Correct Answer: Private-label

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The retailer can _____ to liquidate markdown merchandise.

Answer

Correct Answer: Sell merchandise over an online auction

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Washing machines and refrigerators are in the _____ stage of the product life cycle.

Answer

Correct Answer: Maturity

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The preapproach stage occurs __________ and extends the qualification of leads procedure.

Answer

Correct Answer: Prior to the sales presentation

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Total customer satisfaction is measured based on the relationship of ________.

Answer

Correct Answer: Perceived performance and expectation

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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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The more formal the vertical marketing system, the _______.

Answer

Correct Answer: Less likely conflict will ensue

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The _____ process determines the content, look, and feel of product advertisements.

Answer

Correct Answer: Target marketing

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________ advertising primarily maintains brand relationships and is important for mature products.

Answer

Correct Answer: Comparative

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A common advantage of a promotion is that ______.

Answer

Correct Answer: You will have longer hours

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The majority of the brands marketed in the united states are _____ brands.

Answer

Correct Answer: Manufacturer

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Sales forecasting is an example of a(n) _____ task.

Answer

Correct Answer: Semistructured***

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A ________ brings buyers and sellers together and assists in negotiations.

Answer

Correct Answer: Broker

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_____ are companies that have a small share of a slow-growing market.

Answer

Correct Answer: Dogs

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

Answer

Correct Answer: DVR

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Personality and lifestyle are both variables used to employ __________ segmentation.

Answer

Correct Answer: Psychographic

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Companies today see channel members as first-line customers and practice strong ________.

Answer

Correct Answer: Partner relationship management

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Two key types of synergies are __________.

Answer

Correct Answer: Market and product synergies

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In a(n) ______, all of the members are skilled specialists in a particular trade.

Answer

Correct Answer: Craft union

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A measure termed ________ describes how useful an ad message is to the consumer doing the search.

Answer

Correct Answer: Relevance

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The sales message varies little from customer to customer in a(n) _____.

Answer

Correct Answer: Canned sales presentation

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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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The first step of drug addiction treatment is to __________.

Answer

Correct Answer: Gather patient information

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Tony hsieh served as ceo of _____, and eventually sold the firm to amazon for $900 million.

Answer

Correct Answer: Zappos

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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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The perceptions of __________ are being measured in a perceptual map.

Answer

Correct Answer: Customers

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The more ____ involved with delivering a service, the greater the degree of heterogeneity.

Answer

Correct Answer: Mechanical efforts

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Moving products and materials from suppliers to the factory is known as ________ logistics.

Answer

Correct Answer: Inbound.

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Most graphical display ads are billed on a _____ basis.

Answer

Correct Answer: CPTI

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In the ethical decision-making framework, brainstorming for alternatives takes place _______.

Answer

Correct Answer: After stakeholders have been identified and information has been gathered

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A quantity discount is a price reduction for buyers who ________.

Answer

Correct Answer: Frequently

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A product's _____ is most likely to influence the purchase decision of the consumers.

Answer

Correct Answer: Quality.

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Coupons, rebates, samples, and sweepstakes are all examples of __________.

Answer

Correct Answer: Sales promotion

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Using a ___________, merchandise cartons are prepackaged by the vendor for a specific store.

Answer

Correct Answer: Cross docking distribution

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Because of a service's ____, standardization and quality are difficult to control.

Answer

Correct Answer: Heterogeneity

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_____ dominate the market by offering a huge variety of one type of product.

Answer

Correct Answer: Category killers

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Estee lauder would not choose to sell to cvs or dollar general because ________.

Answer

Correct Answer: Customer expectations

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Est?e lauder would not choose to sell to cvs or dollar general because ________.

Answer

Correct Answer: Customer expectations

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In a print ad, the _____ is a link between the headline and the sales ideas presented in the text.

Answer

Correct Answer: Lead-in paragraph.

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Value is a function of ___________ and ___________?

Answer

Correct Answer: Perceived benefits, perceived price

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In order to understand a customer's wants, a marketer must understand __________?

Answer

Correct Answer: The cultural and social environment in which a customer makes purchasing decisions.

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Positioning your product in the market involves ________.

Answer

Correct Answer: Communicating your competitive advantage to the customer

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Online advertisers pay a rate called a ______.

Answer

Correct Answer: CPM

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_____ was the first major composer to demand equal footing with the aristocracy.

Answer

Correct Answer: Beethoven

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Ups, fedex, dhl, and other shipping companies support other firms' __________ marketing goals.

Answer

Correct Answer: Supply chain management.

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

Answer

Correct Answer: Persuasive

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The citizen-action publics in a company's marketing environment include ________.

Answer

Correct Answer: Environmental groups

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The bedrock principle of business is that it should ________.

Answer

Correct Answer: Earn a profit

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The swoosh that appears on every nike product is an example of a __________.

Answer

Correct Answer: Brand name

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In terms of imc strategy, the _____ refer(s) to the specific people the imc will reach.

Answer

Correct Answer: Target audience

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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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A _________ is an endorsement from a customer praising a firm's product.

Answer

Correct Answer: Testimonial

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The __________ on packages were intended to improve inventory control for businesses.

Answer

Correct Answer: Universal Product Codes

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The 80-20 rule reflects the idea that ________.

Answer

Correct Answer: The top 20% of customers often generate 80% of the company’s profits

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Price setting is usually determined by ________ in small companies.

Answer

Correct Answer: Both B and C

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Online ads that incorporate animation, video, sound, and interactivity are called ________.

Answer

Correct Answer: Rich media ads

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Producers benefit from using intermediaries because they ________.

Answer

Correct Answer: Offer greater efficiency in making goods available to target markets

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Power centers are characterized by the ________.

Answer

Correct Answer: Provision of individual entrances to each store

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The ________ requires sellers to provide detailed nutritional information on food products.

Answer

Correct Answer: Nutritional Labeling and Educational Act of 1990

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The ________ addresses the roles of the community, region, nation, and world in a business.

Answer

Correct Answer: Environmental analysis

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The _____ stage of ethical development represents the morality of the mature adult.

Answer

Correct Answer: Postconventional morality

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The _____ are the gatekeepers who decide if the ad will run or not.

Answer

Correct Answer: Actual consumers

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Specialty stores are characterized by ________.

Answer

Correct Answer: Narrow product lines with deep assortments

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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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Rolls-royce uses _____ distribution on sell its automobiles.

Answer

Correct Answer: Exclusive

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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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A company or store gains a(n) ________ by differentiating its products and delivering more value.

Answer

Correct Answer: Competitive advantage

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The aida model identifies the characteristics of an effective ________.

Answer

Correct Answer: Marketing message

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In a swot analysis, ________ include favorable trends in the external environment.

Answer

Correct Answer: Opportunities

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A strategy of exclusive dealing is most likely considered legal if ________.

Answer

Correct Answer: Competition is not substantially lessened

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_________ is an assessment of what the customer gets compared with what the customer gives up.

Answer

Correct Answer: Value

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________ is a reflection of the power shift to buyers from sellers.

Answer

Correct Answer: Customer co-design

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According to the textbook, the unique value provided by business angels is they ________.

Answer

Correct Answer: Are willing to make relatively small investments

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A product line is most likely too short if managers can ________.

Answer

Correct Answer: Increase profits by adding items

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A mission statement includes identification of an organization's ________.

Answer

Correct Answer: Purpose and basic philosophy

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A church targeting different demographic groups to increase attendance is an example of ________.

Answer

Correct Answer: Not-for-profit marketing

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

Answer

Correct Answer: Informative

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________ refers to the practice of including ethnic themes within a company's mainstream marketing.

Answer

Correct Answer: Cross-cultural marketing

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Customers who are classified as true believers ________.

Answer

Correct Answer: True believer.

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Customer involvement is ____ on a b2c specialty purchase.

Answer

Correct Answer: High

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Specialty stores carry ________ with ________ within them.

Answer

Correct Answer: Narrow product lines; deep assortments

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Smart marketers always emphasize ________.

Answer

Correct Answer: Benefits, not features

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

Answer

Correct Answer: Consumers.

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Firms achieve ___________ through efficient procedures and excellent supply chain management.

Answer

Correct Answer: Operational excellence

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Critics charge that promotion adds only ________ to a product.

Answer

Correct Answer: Psychological value

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Service variability means that ________.

Answer

Correct Answer: Service quality depends on when, where, and how they are provided

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Costco's kirkland signature products are an example of a ________.

Answer

Correct Answer: Private brand

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A _____ refers to an overall orderly arrangement of all the format elements of an ad.

Answer

Correct Answer: Layout

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________ carry a narrow assortment of product lines with deep assortments within those lines.

Answer

Correct Answer: Specialty stores

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Mechanical, personal, or neuromarketing methods are ways that __________ data can be collected.

Answer

Correct Answer: Observational

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The ________ is the center of all marketing strategies.

Answer

Correct Answer: Consumer

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_________ utility exists when a product is readily accessible where potential customers need it

Answer

Correct Answer: Place

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In the _____ stage of the product life cycle, organizations focus on building primary demand.

Answer

Correct Answer: Market introduction

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A pharmaceutical company giving free samples of medicine to a physician is ________ sampling.

Answer

Correct Answer: Professional

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A good or service intended primarily for use in producing other goods or services is a ____ product

Answer

Correct Answer: Business

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________ are put in place to identify deviations in expected performance of marketing efforts.

Answer

Correct Answer: Marketing controls

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An attractive product idea must be developed into a ________.

Answer

Correct Answer: Product concept

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A market-penetration pricing policy should least likely be used for a new product when ________.

Answer

Correct Answer: The product's quality and image support a high price

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Bread, gasoline, and ____ are examples of convenience products.

Answer

Correct Answer: Newspapers

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Typically, ______________ is done by the retailer of a product rather than by the manufacturer.

Answer

Correct Answer: Private-label branding.

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The high failure rate of new products shows that companies are not able to ________.

Answer

Correct Answer: Control demand

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Failing to discard successful plans from the past is likely to lead to ________.

Answer

Correct Answer: Failure because conditions are likely to change in the future

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Consumers rely less on price to judge the quality of a product when they ________.

Answer

Correct Answer: Have prior experience with the product

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______________ is used by individuals external to the organization to understand its performance.

Answer

Correct Answer: Financial accounting

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________ seeks to determine whether an ad is communicating effectively.

Answer

Correct Answer: Copy testing

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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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_____ factors are environmental factors that include our attitudes, values, and lifestyles.

Answer

Correct Answer: Social

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A _____ channel enables a consumer to return a product when it reaches the end of its useful life.

Answer

Correct Answer: ​reverse

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A calling method sends a(n) ____ to a called method.

Answer

Correct Answer: Argument

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A group of related offerings is known as a _____.

Answer

Correct Answer: Product line

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_____ control the flow of information and limit the alternatives considered.

Answer

Correct Answer: Gatekeeper

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A __________ is the full mix of benefits on which a brand is positioned.

Answer

Correct Answer: Value proposition

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The vals system is __________ measure of consumers.

Answer

Correct Answer: Psychographic

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In design class notation, the ____ of an attribute is enclosed in curly braces {}.

Answer

Correct Answer: Property

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New product development starts with ________

Answer

Correct Answer: Idea generation.

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In general, a company should enter only segments in which it can ________ and ________.

Answer

Correct Answer: Offer superior value; gain advantages over competitors

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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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The perceived value of different product offers can be reasonably assessed by ________.

Answer

Correct Answer: Conducting surveys and experiments

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The challenge for marketers in building a strong brand is ________.

Answer

Correct Answer: Ensuring that customers have the right type of experiences with their products and marketing programs to create the desired brand knowledge

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The central element of the marketing strategy for pez candy, inc., is the __________.

Answer

Correct Answer: Container

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Pizza hut's young adult males seek more of the food they love with __________ in the process.

Answer

Correct Answer: Families and mothers with no time

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Human resource management is concerned with ________ competent employees

Answer

Correct Answer: Obtaining, training, motivating, and retaining

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_____ is a marketing strategy that creates new products for present markets.

Answer

Correct Answer: Product development

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_____ is a common base of demographic segmentation.

Answer

Correct Answer: Income

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Problem removal and problem avoidance are _____ motives.

Answer

Correct Answer: Negatively originated

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National brands are also called _____.

Answer

Correct Answer: Manufacturer's brands

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A _____ is defined as a statement of what is to be accomplished through marketing activities.

Answer

Correct Answer: Marketing objective

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When the delivery of a service fails to meet customers' expectations, a __________ gap exists.

Answer

Correct Answer: Service.

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The use of both rail and trucks for transporting goods is called ________.

Answer

Correct Answer: Piggybacking

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The internet gave birth to ________, which operate only on the internet.

Answer

Correct Answer: Click-and-mortar companies

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The "bundle of values" the advertiser presents to the consumer is referred to as the _____.

Answer

Correct Answer: Product concept

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Many u.s. companies first discovered marketing during the __________ era.

Answer

Correct Answer: Market-oriented

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Many product-dominant firms use quality service _________.

Answer

Correct Answer: To maintain a sustainable competitive advantage

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Many marketers claim that ____ will become the world's largest market.

Answer

Correct Answer: China

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A straight rebuy, like when the office needs more paper, is common for ____ customers.

Answer

Correct Answer: B2B

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Tv advertising is considered to be particularly advantageous because ________.

Answer

Correct Answer: It is appealing to the senses and generates high attention

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Pricing a product based on consumers' reference prices is referred to as ________ pricing.

Answer

Correct Answer: Psychological

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In the ________ phase of the new product development process prototypes appear for the first time.

Answer

Correct Answer: Product development

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Home depot and petsmart are examples of ________.

Answer

Correct Answer: Category killers

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Governments most likely enact business legislation to ________.

Answer

Correct Answer: Prevent unfair competition in the market

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Differentiated marketing leads to higher sales and _____________?

Answer

Correct Answer: Higher costs

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Continuous scheduling would most likely be used for advertising __________

Answer

Correct Answer: Bathroom cleaner

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As segments increase in size, it becomes _______ to satisfy them with the same product.

Answer

Correct Answer: More difficult

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As an official sponsor of the olympics, the coca-cola company engages in _____ marketing.

Answer

Correct Answer: Event

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An ad for a soft drink that uses the slogan: ""life is good"" is employing _____.

Answer

Correct Answer: A nonproduct fact

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A factory outlet is an example of a(n) ________ retailer.

Answer

Correct Answer: Off-price

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Press conferences and image management are tools used by a firm's __________ department.

Answer

Correct Answer: Public relations

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The first step of the marketing process is to ___________________.

Answer

Correct Answer: Understanding the marketplace and customers' needs, wants, and demands

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