stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Marketing MR1100 midterm Flashcards | StudBud
Explore
/
Marketing MR1100 midterm
Marketing MR1100 midterm
18 terms
·
StudBud Administration
·
56 plays
Imported from external platform
Flashcards
18 cards
F
Practice quiz
P
Host live
L
Questions
18
Answers
1
All the groups within a company are called the _______
culture
diversity
internal environment
climate
2
Four types of SBU’s are defined by the BCG growth-share matrix. They are
Product, price, promotion, placement
Planning, implementing, leading, controlling
Bombs, aces, gold diggers, posers
Stars, cash cows, question marks, dogs
3
In a basic SWOT analysis, the “T” stands for
Threats
Trade
Trust
Timing
4
The set of marketing tools a firm uses to implement its marketing strategy is called the ________.
product mix
promotion mix
marketing effort
marketing mix
5
A(n) ________ defines a business in terms of satisfying basic customer needs.
environment oriented mission statement
product oriented mission statement
strategic plan
market oriented mission statement
6
Environmental concerns are on the decline in last 10 yrs likely due to more govt legislation and the green movement
False
True
7
Advertising "puffery" is a term for ________.
emotional appeals to customers
value-added promotions
a straightforward promotional message
innocent exaggeration for effect
8
A popular blogger who writes and passes along news, features and editorials about your area is which type of public?
local
citizen-action
financial
media
9
Which of the following is most essential to even the simplest definition of marketing?
making a sale
demand management
customer relationships
Making a profit
10
When backed by buying power, wants become ______
demands
physical needs
social needs
exchanges
11
Making more sales to current customers without changing a firm's products is ________.
market development
market attractiveness
market penetration
diversification
12
The following is the term for customers who make repeat purchases and tell others about their positive experience
Satisfied Customer
full partners
Social customer
Butterflies
13
Deceptive marketing practices fall into three groups: deceptive ________, deceptive ________, and deceptive ________.
product, packaging, promotion
product, price, promotion
pricing, promotion, packaging
product, packaging, placement
14
Because of the growing diversity in Canada, companies are increasingly targeting minority market segments
False
True
15
In the four Ps of the marketing mix, design, packaging, services, and variety all fall under the category of ________.
Promotion
Place
Price
Product
16
A value delivery network includes ________.
the company, its suppliers, distributors and customers
company dept and consumers
consumers
differenct dept in the company
17
________ is the set of actual and potential buyers of a product.
an audience
a market
a group
a segment
18
Which of the following factors is part of the microenvironment?
intermediaries
economics
technology
demographics