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MRKT341 Exam 3 Review Questions Flashcards | StudBud
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MRKT341 Exam 3 Review Questions
MRKT341 Exam 3 Review Questions
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Answers
1
Walmart employs this form of pricing strategy
Captive Product Pricing
EDLP
High-Low
Bundling
2
Setting prices ending in 99₵ is an example of Promotional Pricing.
True
False
3
Steve's company works to facilitate the buying and selling of products, but never assumes ownership. His company is a?
Retailer
Wholesaler
Manufacturer
Broker/Agent
4
Which is NOT one of the 4 Ps of Marketing?
Price
Place
People
Promotion
5
Zoo tickets are priced as children, seniors, and adults. Groups receive the same services. This is what form of pricing?
Revenue management pricing
Segmented pricing
Age focused
Cost-plus pricing
6
Dividing the market into smaller groups who seek common benefits or have similar traits within the groups is defined as
Marketing
Targeting
Segmenting
Positioning
7
If Ben and Jerry’s received expired ingredients from their suppliers, which kind of conflict is likely to arise?
Company conflict
Contractual VMS
Vertical conflict
Horizontal conflict
8
`11.
Product Line Pricing
Captive Product Pricing
Bundling
Promotional Pricing
9
`12.
Promotional Pricing
Product Line Pricing
Captive Product Pricing
Bundling
10
16.
Captive product pricing
Premium pricing
High-low pricing
Penetration pricing
11
When Target tells Kemps that they will only pay 80% of what they paid last year for their ice cream, this can lead to
Horizontal Channel Conflict
Loss of products
Vertical Channel Conflict
Supply Chain Issues
12
Given the two products below which will a customer chose to purchase?
Frosted Flakes
Honey Nut Cheerios
Froot Loops
Wheaties
13
Apple products are sold using seamless marketing messages via their website, Apple stores, and mobile apps. This is a?
Omni Channel
Indirect Channel
Multi Channel
Direct Channel
14
19.
Retailer
OmniChannel
Dual channel
Wholesaler
15
13.
Department Store
Specialty store
Superstore
Category Killer
16
Marketing intermediaries are damaging to the company and are not considered valuable.
False
True
17
4.
Psychological Pricing
Segmented Pricing
Dynamic Pricing
High-Low Pricing
18
Which of the following is an example of a weakness according to SWOT?
Laws change such that paying your employees costs more
High Employee turnover rates
Road construction makes it difficult to access store
New Competition arises
19
14.
Direct; Indirect
Omni; Indirect
Indirect; Direct
Omni: Direct