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FINAL - Review
FINAL - Review
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Flashcards
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Practice quiz
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Questions
100
Answers
1
Revenue management involves ___________ of profit margins and sales volumes for each product line.
Synthesis
Cutting
Analysis
Environmental scanning
2
Demographic environment is the study of human populations in terms of size, density, location, age, sex, race - select:
Millennials and Generation Z
Baby Boomers and Generation X
Generational marketing
Increasing diversity
3
Generally, print publications are being replaced by:
Online publications
Personalized print communications
Radio ads
TV ads
4
Company structures its sales force based on selling higher-priced products.
False
True
5
One of the most important aspects of database use is:
The use of artificial intelligence
Hosting on the property to decrease security risk
Size
Integration
6
Occupancy, passenger miles, and total covers are common measures of sales volume.
False
True
7
There is _____ competition among destinations for leisure travelers.
Intense
Unknown
Weak
Sporadic
8
Buyers are less price-sensitive when the product is unique or when it is high in quality, prestige, or exclusiveness.
False
True
9
A marketing plan has a ____ scope than a _______ plan.
More limited, strategic
Broader, hiring
More limited, business
Broader, business
10
Psychological factors that models consumer behavior:
Believes and attitudes
Motivation
Learning
Perception
11
To break through the clutter, many marketers have subscribed to a new merging of advertising and:
Segmentation
Marketing research
Entertainment
Cost accounting
12
One important challenge for PR managers is to ___________ news.
Feature the leadership of the company in
Create
Hide negative
Promote only financial
13
Prospecting involves:
Assisting in creating business intelligence
Assisting in pricing decisions
Deciding on how to articulate the vision of the company
Finding and cultivating new customers
14
A consortium is a group of organizations that work together to provide mutual benefits to members.
True
False
15
One of the most important functions of a distribution channel member is contact. Contact represents:
Securing the funding that covers the cost of channel work
Finding and communicating with potential customers
Gathering, distributing research, intelligence about marketing environment
Developing a spreading persuasive communication about an offer
16
Interactive TV allows marketers to target audiences based on their specific:
Residence
Subscription plans
Preferences
Age
17
Sustainable tourism refers to tourism that minimizes the environmental impacts and sociocultural changes and defined as:
Environmental effects of tourism
Sustainable effects
Economic effects of tourism
Social/cultural effects of tourism
18
The main forms of online advertising are display ads and search-related ads.
False
True
19
AIDA - designing the message should include:
Message structure (how to say it)
Message lenght
Message format (how to say it synbolically)
Message content (what to say)
20
Developing a marketing research plan includes:
Implementing the research plan
Planning primary data collection
Determine specific information needs
Gathering secondary information
21
A major factor influencing price increases is:
Inflation
Shortage of labor
Economic growth
Natural dynamics in the demographics of the general market
22
Revenue management system is used to maximize a company yield of contribution margins by:
Rate parity and Overbooking
Price adjustment
Dynamic pricing and BAR pricing
Other channels
23
For most companies, the first step in conducting online marketing is to use highly selective mailing lists.
False
True
24
Generally, the ______ assigns the area’s quota to each of the area’s salespeople.
Salesperson/salespeople themselves
Buyer
General manager
Sales manager
25
Personal characteristics affecting consumer behavior influenced by cultural factors are:
Cross-cultural marketing
Culture and subculture
None of them
Social class
26
Market segmentation consists lf many types of costumers, products and needs. Consumers are gruped in various ways.
False
True
27
In its simplest form, value pricing means offering a price below competitors:
Only for certain customers
Only for certain segments
Temporary
Permanently
28
Advertising is any paid form of non-personal presentation, promotion of ideas, goods/services by an identified sponsor.
True
False
29
One of the benefits of social selling is:
Reducing the perishability of services
Reducing the price of products to be purchased
Conserving salespeople's valuable time
Increasing the persuasive power of the sales person
30
Major activities of PR departments are:
Lobbying
Corporate communications
Press relations
Product publicity
31
A restaurant examines the cost of its menu items. adding a 20% markup to each item’s cost as final price - this is a:
Cost-based pricing
Break-even analysis
Competition-based pricing
Value based pricing
32
Which of the following is the first step in the selling process?
Prospecting
Pre-approach
Presentation
Negociation
33
Destination marketing is systematically linking supply (destination features and benefits) with:
Destination image
Destination management
Demand (needs and wants of travelers)
Destination competitiveness
34
In direct distribution, the transaction costs are low because:
Only the most efficient intermediaries are involved
There are no intermediaries involved
Only the most inexpensive intermediaries are involved
There are only a few intermediaries involved
35
Marketers have a responsibility to protect the privacy of customer information.
True
False
36
Slogans like “I Love NY” and “100% Pure New Zealand” contribute to _____ a destination.
Informing travelers about
Managing
Developing
Positioning
37
Research has shown that casinos _____ business away from local restaurants.
Do not take
Drive
Retain
Take
38
Customer density varies by territory, and territories with equal potential can:
Vary widely in size.
Be split into two equal size regions.
Only be the same size.
Divided or split into a multitude of small but equal sizes regions
39
Economic environment consist of factors affecting customer purchasing power and spending patterns, choose correct items:
The Super Rich
Changes in income
Economy
The global economy
40
A vertical marketing system consists of different natural abilities to attract qualified channel members.
False
True
41
It is _____ to find properties that are truly comparable in all attributes due to the uniqueness of the hotel industry.
Difficult
Redundant
Useless
Easy
42
PR messages and vehicles are:
Publications
Events and websites
Social media
News and corporate social responsibility activities
43
Price must be coordinated with symbolic and visual qualities.
False
True
44
Which of the generations listed below are most interested in traveling abroad?
Millenials
Generation Y
Baby Boomers
Generation X
45
Micromarketing: the practice of tailoring products and marketing programs fitting specific individual tastes or places:
None of them
MoLoSo
SoLoMo
LoMoSo
46
Destinations generally have an actual or perceived ____.
Border
Boundary
Security force
Popular attractions
47
A restaurant informs the press of no cases of food borne illnesses traced as the destination has recorded - this is:
Press relations
Advertising
Persuasive communications
Lobbying
48
Advertising strategy consists of two major elements: competition and clutter.
False
True
49
Image differentiation - an image conveying a singular distinctive message about products major benefits and positioning.
False
True
50
Press relations aims is to put newsworthy information in news media to get attention to a person/product or service.
False
True
51
Which of the following is one of the most frequent frustrations of a salesperson?
Not dealing with aggressive competing sales representatives
Working with a team
Working regular hours
Nature of the job
52
Internal marketing seeks if employees are able and willing to deliver quality services (company's internal customers).
True
False
53
Direct and digital marketing was very basic in the beginning, but became ______ over time.
Addictive
Difficult to use
Expensive
Personalized
54
Competition-based price is based on other organizations that have helped pay part of the cost.
False
True
55
Which of the following is not a factor that is transforming direct marketing?
Development of new Internet and network and protocols
Social media tours and online communities
Customers’ attitudes toward the natural environment
Powerful, customizable, and user-friendly computing devices
56
Traditional forms of direct marketing used in hospitality industry are:
Kiosk marketing
Telephone marketing
Interactive TV
Direct-mail marketing
57
Which of the following specific tools to communicate with customers are used by advertising?
Inventive programs
Press releases
Discounts
Outdoor billboards
58
Psychological prices are:
Value pricing - temporary lowered
International pricing - uniform worldwide pricing
Promotional pricing - special occasions
Price endings: .99, .95
59
National, state, and local tourism agencies have the goal of promoting:
Only the for-profit organizations at the destination
Only specific events at the destination
The destinations that they represent
Specific hotels at destination who contributed the most to the local taxes
60
A company’s promotional mix includes all of the following elements, except for:
Advertising
Pricing
Personal selling
Public relations
61
The long-run success of tourism will depend on ______ to satisfy the desire for travel.
Ultra-popular attractions
Virtual attractions
Natural attractions
Manufactured attractions
62
Differentiation concentrrates on achieving superior performance in an important customer area valued by a large market.
False
True
63
Which of the following is NOT one of the most common mistakes in pricing?
Prices that are not revised to reflect market changes
Pricing completely ignoring the cost in all phases of a product’s lifecycle
Prices not varied enough for different product items and market segments
Pricing that is too cost oriented
64
Sales force ____ ensure that corporate goals are met.
Cross-training
Technology skills
Objectives
Turnover
65
Lobbying involves dealing with legislators and government officials to promote or defeat legislation and regulation.
False
True
66
Conventions are annual meetings including general sessions, committee meetings, social interest sessions and trade shows
False
True
67
Restaurant distribution systems include:
Concierges
Food delivery platforms
Travel agents
Food Trucks
68
One of the benefits of social selling is:
Increasing the persuasive power of the sales person
Reducing the price of products to be purchased
Conserving salespeople's valuable time
Reducing the perishability of services
69
Objectives should be based on information about the target market, positioning, and market mix.
False
True
70
The aim of press relations is to understand the firm’s mission, culture, and target of the communication.
False
True
71
Product levels are:
Augmented products
Supporting products
Facilitating products
Core product
72
Social selling includes the followings:
Peer-to-peer sales
Formal selling
Online, mobile and social media tools
Networking
73
Social media has increasingly become ____________, particularly for younger customers of hospitality and tourism.
Potential customers
Obsolete
Mainstream media
Useful for bookings
74
______ have security and privacy concerns.
Both customers and companies
Neither customers not companies should
Only companies
Only customers
75
Digital marketing tools and platforms directly engaging anywhere, any time via computers, smartphones, tablets, smart TV
True
False
76
A distribution channel is a set of independent organizations hwo make a product/service available to consumer.
False
True
77
Which of the factors below represents one of the most critical aspects of distribution for hospitality companies?
Number of product lines
Number of segments served
Location
Pricing
78
Which of the following statements is correct?
Marketing strategies support tactics
Marketing strategies support resources
Marketing tactics support strategies
Marketing tactics support resources
79
Which of the following is not a specific form of direct and digital marketing?
Online marketing
Social media marketing
Mobile marketing
Segmented marketing
80
Direct mail marketing is based on:
Sending emails only to customers opting to receive messages
Immediate loop for feedback
Databases or lists
Many-to-many-communication
81
Direct interactions between customers and companies in the social media space give customers a sense of:
Information asymmetry
Superiority relative to the other customers
Community
Preferential treatment by the company
82
A customer sees a stake priced at $29.99. This is likely an indication of:
Psychological pricing
Prestige pricing
Value-based pricing
Bundling
83
The following elements constitute the AIDA framework:
Attention, interest, desire, action
Action, interest, desire, activity
Attention, importance, desire, action
Attention, interest, attention, distribution, action
84
Generally, a web site _____ all other promotional and retail activities.
Is separated from
Cannibalizes
Relies upon
Supports
85
Regardless of how a sales force is structured, individual salespeople must classify their:
Team members
Customer base
Budget
Advertising
86
The affordable method in establishing a total promotional budget for a company is based on:
How much the company can afford to spend on the promotional mix
How much money it takes to reach all of the customers in the target market
How much money is spent in average per each customer who makes a purchase
How much customers can afford to spend on the company’s product
87
Organizing the sales department includes the followings:
Team sales (not from same company necessarily)
Hire new manager
Inside sales force
Field sales force
88
The inside sales force includes technical support persons, sales assistants, and telemarketers.
False
True
89
Marketing analysis begins with a complete SWOT company analysis.
False
True
90
Lifestyle is a person's whole pattern of acting and interacting in the world and provides info about consumer values.
True
False
91
Local area marketing uses all areas of promotional mix, but predominantly ____ to convey messages to the local audience.
Personal selling
Sales promotion
Advertising
Public relations
92
Revenue management systems are used to maximize a hospitality company’s yield or contribution margin.
True
False
93
It is recommended that companies:
Conduct information security audits
Store customer data on mobile devices so they can be easily transferred
Delete all data stored in the cloud
Delete all customer data
94
Hospitality Industry distribution channels are:
Direct channels
Indirect channels
Online travel agencies
Restaurant distribution systems
95
Which of the following pairs represent common measures of sales volume?
Food cost and labor cost %
Staff turnover and cross-training
Advertising awareness and advertising ROI
Occupancy and total covers
96
To be effective, each marketing plan must be written _____.
Every year
Each month
Every 6 months
Every 6 years
97
Which of the following are NOT marketing objectives for a PR manager?
Building awareness
Lower promotion costs
Aggressively persuade customers to buy the companny's products
Building credibility
98
Which of the following factors does not influence the structure of a hotel sales department?
Size of the property
Advertising
Culture of the organization
Nature of the market
99
Promotional mix - a specific blend of ads, public relations, personal selling used to communicate customer value.
False
True
100
Maturity is a period of slowdown in sales growth because of product achieved acceptance by most of its potential buyers.
False
True