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Final Quiz! Flashcards | StudBud
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Final Quiz!
Final Quiz!
31 terms
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StudBud Administration
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180 plays
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Flashcards
31 cards
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Practice quiz
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Host live
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Questions
31
Answers
1
Inelastic demand occurs when:
a change in price causes only a small change in the amount purchased
demand changes significantly due to a small change in price
Cher goes shopping in Clueless
the price sensitivity of consumers is very high
2
Stonks?
Price
Placement
Promotion
Product
3
Skimming
Price
Promotion
Product
Placement
4
Public Relations
Product
Placement
Promotion
Price
5
Creating Value
Placement
Promotion
Product
Price
6
The number of consumers in your target segment who see your message is defined as
Reach
Frequency
7
OnlyFans?
Product
Placement
Promotion
Price
8
Elastic demand occurs when:
demand changes significantly due to a small change in price
the price sensitivity of consumers is very low
people eat too much at the BBQ
a change in price causes only a small change in the amount purchased
9
Our guest speaker Doug's one rule of marketing was:
Always get paid
Nuns are cooler than Tyler the Creator
Advertising is not an expense, it's an investment
Don't waste money on public relations
10
Transactional B2B relationships have a long history and a well-defined future.
True
False
11
Capturing Value
Product
Placement
Promotion
Price
12
Personal Selling
Price
Placement
Product
Promotion
13
Packaging
Promotion
Placement
Product
Price
14
Supply chain
Price
Product
Placement
Promotion
15
$5 foot longs
Promotion
Product
Placement
Price
16
Communicating Value
Placement
Product
Promotion
Price
17
Which of the following is not a benefit of effective supply chain management?
Shortened route to market
Lower price
Improved profitability
Lower costs
18
Seasonal Discounts
Product
Promotion
Price
Placement
19
In the communications process, the sender ________; the receiver ______.
Lies; Misinterprets
Encodes; Decodes
Acts decisively; Considers carefully
Is right; Is wrong
20
When Gillette adds an aloe formula to its body wash line, this increases its:
Product Mix Breadth
Product Line Depth
21
Delivering Value
Product
Placement
Price
Promotion
22
Social media
Placement
Promotion
Product
Price
23
How did Domino's communicate the value of its repositioning efforts?
Producing videos that showed how their pizza chefs responded to feedback
Promoting changes to the recipe on its website
All of the above!
Pizza bombing its harshest critics to generate word of mouth buzz
24
Commissions and bonuses create what kind of motivation for salespeople?
Extrinsic
Intrinsic
25
When Gillette adds body wash, sprays and gels to its product lines, this increases its:
Product Line Depth
Product Mix Breadth
26
Branding
Product
Placement
Promotion
Price
27
The number of times an individual consumer sees your message is defined as:
Reach
Frequency
28
Which word best describes the changes Domino's made to its product and promotion?
Resizing
Hitting the zaaaa
Repositioning
Regulating
29
Email Marketing
Price
Placement
Product
Promotion
30
Which of these is not a consideration for a retailer?
Building brand awareness to drive customers to their stores
Having the right assortment of products
Being in a convenient location
Managing the manufacturer's cost of production
31
The fact that a professor delivers the same lecture differently each semester refers to which aspect of services?
Intangibility
Inseparability
Perishability
Heterogeneity