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MKTG 1.01-1.05 Flashcards | StudBud
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MKTG 1.01-1.05
MKTG 1.01-1.05
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MKTG 1.01-1.05 Test #carson #marketing #mktg
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1
According to the marketing concept, which option shows company commitment?
Leaving marketing to the marketing department
Setting aside funds to research what customers want
Teaching marketing to college marketing students
Pricing a product to maximize profitability per item
2
Marketers divide their markets by grouping customers according to their
occupations.
hobbies.
similarities.
differences.
3
A combination of the four elements of marketing yields the
marketing concept.
product.
marketing mix.
price.
4
What does the selling function involve that makes it so important?
Obtaining feedback from vendors
Contacting customers
Displaying products
Setting high prices
5
What mktg career invlvs catching custs' atten'n, inform. them of prods, & persuad. them to buy?
Marketing research
Public relations
Product management
Advertising
6
What does continuously monitoring internal marketing information enable businesses to do?
Investigate competitors
Evaluate market share
Identify problems
Analyze economic changes
7
Sorting customers by their physical and social characteristics is called ________ segmentation.
demographic
statistical
psychographic
behavioral
8
A bus. needs a prod that would help to improve its image.Which mktg fn would come up with it?
Promotion
Selling
Channel management
Product/Service management
9
A target market can be described as the
direction the market is headed.
way a business draws its customers.
group of customers the business seeks to attract.
sample of the market.
10
Determining the goods,services,or ideas a bus. will offer its custs is the ___element of mktg.
place
price
promotion
product
11
What type of internal report indicates that sales for a prod have dropped over the past 3 mos?
Accounts-payable summary
Annual income statement
Quarterly inventory status
Market demographics analysis
12
In the marketing concept, whose point of view matters most?
Seller’s
Buyer’s
Planner’s
Marketer’s
13
When marketers determine their tactics, they make sure their tactics
bring in enough money.
focus on their customers.
line up with their strategies.
support their marketing mix.
14
What marketing career involves determining why customers do what they do?
Distribution/Warehousing
Marketing research
Sales
Advertising
15
Stores allow custs to bring their own bags to use in place the plastic bags.What has this done?
Regulated the standard of living
Made buying more convenient
Improved the quality of life
Added usefulness to products
16
You have an idea for a tennis ball& pitch theidea to investors.What should they consider first?
Product
Price
Promotion
Place
17
Which of the following is not a common type of data used by marketers:?
Prediction
Prediction
Quote
fact.
18
What does applying the cust-orientation element of the mktg. concept enable the business to do?
Offer products that consumers want to buy
Persuade customers to buy its products
Provide more products than consumers need
Coordinate its marketing activities
19
Which of the following is an example of a secondary data source:
A warranty card
A focus group
An Internet survey
A customer interview
20
Marketing links producers to
customers.
marketers.
distributors.
retailers.
21
By increasing awareness of the need for environmental controls, what has marketing done?
Added usefulness to products
Made buying more convenient
Improved the quality of life
Regulated the standard of living
22
Which of the following statements about retrieving data for marketing decision making is true?
The process should be conducted once a year.
Many employees are involved in the process.
The less data you retrieve, the better.
Not all companies need to retrieve data.
23
A product being in great demand is a factor that might encourage businesses to
adjust prices.
gather information.
decrease inventory.
contact competitors.
24
When marketers sort customers psychographically, they divide them by
lifestyle habits.
level of education.
loyalty to a brand.
likable traits.
25
Which mkt segment do custs in cold climates who need snow shovels and snow blowers represent?
Geographic
Occupational
Psychographic
Behavioral
26
In an overall sense, where does marketing occur?
Wherever trucks are
Wherever customers are
Wherever stores are
Wherever advertisements are
27
You need a new package design for crackers.What mktg professional would create the new package?
Channel management
Product management
Advertising
Marketing research
28
Having appropriate data helps marketers to set goals that are
general.
open-ended.
difficult.
realistic.
29
You notice that sales of iPads in blue have increased.What can you determine about the iPads
Competitors' activities
Economic resources
Popular products
Research methods
30
There are many activities in mktg that are similar.These activities are referred to as mktg
responsibilities.
strategies.
tactics.
functions
31
A goal can be evaluated to determine its
benefit.
success.
progress.
advantage.
32
You have an idea for a new cleanser that would save time.Which should investors consider first?
Promotion
Place
Price
Product
33
A restnt allows custs the opp. to enter drawings to win a prize. What does entering represent?
Tactic
Trend
Goal
Strategy
34
Marketers know that changing one marketing mix element affects
product quality.
the other elements.
the goal.
the strategy.
35
Which of the following is an example of a primary data source?
A call report
A market-research survey
A sales invoice
An expense report
36
Paul’s plant food is losing its pop. amng his cust base.What mktg fn develop the improved prod?
Product/Service management
Promotion
Selling
Channel management
37
A bus.can incr.mkt share by promot. to females who are 18-34y/o.How is it segmenting the mkt?
By geographics
By behavior
By psychographics
By demographics
38
Which mkt seg. do custs that prefer reasonably-priced activs that include a variety represent?
Occupational
Behavioral
Geographic
Psychographic
39
Which marketing function involves determining where products will be sold?
Promotion
Selling
Servicing
Channel management
40
What is one way that many businesses use the marketing information contained in sales reports?
Popular products
Economic resources
Research methods
Competitors' activities
41
What type of mktg data can a bus. get by reviewing its inventory reports and custs' invoices?
Product quality
Customers' credit limits
Customers' product preferences
Actual market share
42
What is the overall reason that marketing strategies are designed and implemented?
Improving management techniques
Increasing business profits immediately
Changing the image of the business
Achieving planned goals
43
Overall, what does marketing allow us to do?
Feel better about shopping
Limit our spending
Stop buying online
Live our daily lives
44
To promote its menu,a Café will email a coupon to its custs.What does using the coupon reprsnt?
Tactic
Strategy
Goal
Trend
45
Which of the following is a method used to communicate with customers:
Marketing concept
Customer orientation
Manufacturing
Personal selling
46
The same person can be included in more than one
religion.
income level.
generation.
target market.
47
By monitoring its sales and its custs' buying habits,what is a business often able to identify?
Research methods
Competitors' activities
Economic resources
Popular products
48
You need a new package design for crackers.What mktg professional would create the new package?
Advertising
Marketing research
Product management
Channel management
49
Sue loves Ferraris,works PT & has $150 in the bank.Is Sue part of the mkt for the Ferrari?
No, she is not financially willing to purchase the Ferrari.
Yes, she has an unfulfilled desire for the Ferrari.
No, she is not financially able to purchase the Ferrari.
Yes, she has a desire and is able and willing to satisfy it
50
Which marketing function involves creating the correct product mix for a business?
Financing
Marketing-information management
Product/Service management
Selling