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Intro to Marketing - Exam One Flashcards | StudBud
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Intro to Marketing - Exam One
Intro to Marketing - Exam One
27 terms
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#marketing #marketing concepts #strategy
Flashcards
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Questions
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Answers
1
The ________ era embraced the belief that a good product would sell itself.
sales-oriented
market-oriented
value-based
production-oriented
2
The Four Cs include:
Company, Culture, Customers
Capabilities, Customers, Company
Company, Customers, Competition, Corporate Partners
Collegiate, Customers, Competition
3
What is conscious marketing?
Marketing with a lower purpose.
Marketing with a higher purpose.
Not understanding ethics.
Being socially responsible.
4
What are the 4Es of Social Media?
Excitement, Education, Explore, Engagement
Excitement, Education, Experience, Engagement
Elation, Expressive, Experiment, Engagement
Excitement, Equality, Experience, Engagement
5
Understanding consumers' __________ is fundamental to marketing success.
rituals and habits
educational attainment
family connections
needs and wants
6
A marketing plan includes the following phases:
Planning, Implementation, Control
Planning, Accomplishing, Control
Evaluation, Planning, Strategy
Situation, Performance, Planning
7
How many macroenvironmental factors are there?
5
7
8
6
8
Kroger collects massive amounts of data to better serve its customers. This refers to
product promotion
customer demographics
marketing analytics
market procurement
9
Apple's iPad is an example of which of the following types of marketing offerings?
Ideas
Goods
Services
Innovation
10
Negative word-of-mouth advertising due to customer complaints can cost a business its
employees
facilities
licenses
reputation
11
What type of strategy is growing the business from existing customers?
Marketing Penetration
Product Development
Diversification
Market Development
12
A business philosophy set on building loyalty among a firm's most valued customers is known as
value cocreation
customer relationship management
supply chain management
strategic management
13
Ideally, in business, feedback should be
all negative
avoided if possible
all positive
positive and negative
14
The triple bottom line measures performance according to:
Ethics, Higher Purpose, Economic Criteria
Economic, Ethics, Social Criteria
Environmental, Ecological, Marketing Criteria
Economic, Environmental, Social Criteria
15
Businesses are being socially responsible to their customers when they...
test the safety of their products
provide safe working environments
contribute to community causes
offer employee job training
16
What are the three categories of social media?
Information, Connected, Network
Social Networking, Dynamic Effect, Thought Sharing
YouTube, Instagram, Flickr
Social Networking, Media Sharing, Thought Sharing
17
Businesses are being socially responsible to their customers when they...
provide safe working environments
test the safety of their products
offer employee job training
contribute to community causes
18
A service is different from a good in that the benefit is
valuable
tangible
intangible
easy to market
19
Demographic Cohorts include:
Income, Ethnicity, Education, Gender
Education, Spelling, Gender, Income
Social Experience, Family Size, Income, Green Washing
Income, Ethnicity, Elation, Gender
20
How do companies identify and evaluate opportunities for increasing sales and profits?
Scaling, Targeting, Pricing
Segmentation, Targeting, Positioning
Stone Temple Pilots
Segmentation, Training, Positioning
21
Which of the following illustrates how marketing has a direct impact on consumers?
Marketing helps consumers learn about products and services.
Marketing creates relationships between firms & suppliers.
Marketing helps firms expand globally.
Marketing advises production about how much product to make.
22
A hotel chain engages in conversations with its customers through FB. This is an example of
traditional methods
the supply chain
conventional media
social media
23
What are the four P's of marketing?
people, presentation, productivity, and population
production, people, place, and price
price, place, promotion and product
promotion, population, people, and power
24
When trying to persuade others, it is often helpful to use stories and anecdotes because they
reinforce your message
add energy to your explanation
make people feel comfortable
exaggerate the benefits
25
Which marketing mix element deals specifically with retailing and marketing channel management?
Place
Product
Price
Promotion
26
What are the four growth strategies?
Strategic Bus. Unit, Product Line, Mkt. Share, Growth Rate
SWOT, Planning, Product Development, Diversification
Market Dev., Product Dev., Mkt. Penetration, Diversification
Question Marks, Dogs, Cash Cows, Stars
27
Identify the steps in the ethical decision-making process.
Identify, Gather Information, Brainstorm, Course of Action
Solve Problem, Gather Information, Think, Business Ethics
Identify, Call Stakeholders, Brainstorm, Evaluate
Gather Information, Evaluate Ethics, Brainstorm, Evaluate