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Marketing Ch.1 Flashcards | StudBud
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Marketing Ch.1
Marketing Ch.1
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Marketing Chapter 1 review
Flashcards
20 cards
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Practice quiz
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Host live
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Questions
20
Answers
1
When Angela checked out of her hotel, she completed a research form rating the hotel. This is an example of
marketing information management
marketing mix
information utility
product planning
2
What does a miniature golf business provide to its customers?
a promotion
a good
a service
channel management
3
Hometown Dairy wants to introduce a new low-fat ice cream. This is an example of the ___________ function of mktg.
product service management
channel management
4
Purchasing a Snapple iced tea from WaWa makes you part of the
consumer market
business to business market
5
Selling exercise equipment, through catalogs, which are mailed to athletes is an example of place utility.
False
True
6
A marketing concept includes information such as ethnic background, age, income level, and geographic location.
False
True
7
The local farm market just received an order for 500 pumpkins from ShopRite. This is an example of
an organizational market
a consumer market
8
A market includes people who share similar needs and wants, and can purchase a companies products.
True
False
9
The "buy one get one free" strategy is an example of distribution.
True
False
10
Which of the following utilities involves making products?
form utility
possession utility
place utility
information utility
11
New and improved products are the result of increased __________________ generated by marketing.
supply
competition
12
A salesperson who is helping a customer purchase a new dishwasher is providing _______________ utility to the customer.
information
time
13
There is only one target market for a given product.
False
True
14
Time utility involves having a gas station open 24 / 7.
True
False
15
Which economic utility increased when fast-food restaurants began accepting credit cards?
place utility
form utility
possession utility
information utility
16
Transforming recycling items into valuable products is an example of _____________ utility.
time
form
17
To increase the _____________ utility of their products, some retailers offer installment or layaway plans.
possession
form
18
The functions of marketing add _____________ to a product.
market share
value
19
Informing, persuading, or reminding potential customers about a good / service is called _____________.
a marketing mix
promotion
20
At the
end
of
summer
each year, stores stock school supplies to increase the stores ______________ utility.
time
intormation