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Marketing Chapter 1 Flashcards | StudBud
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Marketing Chapter 1
Marketing Chapter 1
50 terms
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Introduction to basic marketing terms.
Flashcards
50 cards
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Questions
50
Answers
1
The first step of the marketing concept is to?
Hire a team of marketing professionals
Identify what will satisfy customers' needs.
Develop top quality products/services
Operate at a profit
2
Promoting a product with brochures and ads is not a solid commitment to the marketing concept.
False
True
3
Which of the following concepts is not a part of the Marketing Concept era?
Social Responsibilty
Catalog Distribution/Sales
Relationship Marketing
Employee Empowerment
4
Marketing activities and jobs have not changed much over the past 100 years.
True
False
5
The primary reason for a business to exist is to provide employment for people.
True
False
6
Which era in the development of marketing focused on effective sales people?
Distribution
Marketing
Sales
Production
7
How many companies in the United States use marketing as their primary business activity?
Over 10 million
About 1 million
Over 4 million
Less than 500,000
8
In which of the era's did we see an increase in shopping centers and retail stores?
Marketing Dept.
Marketing Concept
Production
Sales
9
Which of the following characteristics is not part of the Sales Emphasis Era?
Creation of assembly lines
Increase in advertising
Increase in transportation methods
Increased standard of living
10
Which marketing era saw an increase in the methods of advertising?
Production
Sales
Marketing Dept.
Marketing Concept
11
A unique group of prospective customers a business wants to serve and their location is called?
Market place
Market
Marketing
Target market
12
This is the creation and maintenance of satisfying exchange relationships.
Employee empowerment
Merchandising
Money
Marketing
13
Which of the following businesses is directly involved in marketing?
All are directly involved in marketing
A law office
A freight company
A bank
14
This system established the use of currency as a medium of exchange.
Currency
Market
Production
Barter
15
When you do not rely on others for things to survive you are considered to be?
Lonely
Self-reliant
Rich
Self-sufficient
16
Which of the following era's in marketing was devoted to distribution?
Bartering
Sales
Marketing Department
Production
17
Deciding on how to deliver your product is which component of the marketing mix?
Product
Profit
Distribution
Promotion
18
Which of the following is not a part of the main focus on relationship marketing?
Develop relationships
One time purchase
Better customer service
Build trust
19
Specialization of labor resulted in less of a given product being produced to be exchanged.
False
True
20
Exchanging products or services with others by agreeing on their values is known as?
Marketing
Bartering
Selling
Promoting
21
Marketing jobs are available for people with varied amounts of education and experience.
False
True
22
In the early 1990's products produced were those that the business believed people could afford
True
False
23
A merchandising business changes the form of raw materials into useful goods.
True
False
24
Which of the following characteristics is not a part of the Marketing Dept. Era?
Minimum methods of transportation
Distribution of products through catalogs
Increase in wages
Increase in advertising
25
This component of the marketing mix establishes a value to your product/service.
Distribution
Product
Promotion
Price
26
In the 1950-60's new marketing departments were created to reduce the use of advertising
False
True
27
Offering products manufactured or produced by other for sale to customers is called?
Marketing
Distribution
Profit
Merchandising
28
Marketing jobs are found at the lowest and highest levels of a company.
False
True
29
Which of the following concepts is still present today?
Marketing Dept.
Production
Sales
Marketing Concept
30
What is the primary focus of the marketing concept?
Quality products
Effective pricing
Availability of the product
Customer needs
31
Which of the marketing eras has worked to develop a great social responsibility?
Marketing Dept.
Production
Sales
Marketing Concept
32
Which era of marketing emphasized producing and distributing products?
Production Era
Sales Era
Marketing Department Era
Marketing Concept Era
33
The approach to managing marketing activities changes as organizations understand marketing.
False
True
34
The nine marketing functions occurs every time a product or service is developed and sold.
False
True
35
How many major functions of marketing are there?
7
4
9
5
36
How many components to the marketing mix are there?
5
9
4
7
37
Which marketing era focused on always keeping customer satisfaction at it's highest?
Marketing Dept.
Production
Sales
Marketing Concept
38
Which of the following did NOT have a major effect on the marketing process?
Increased modes of transportation
Increased competition
All had a long term effect
Increased methods of advertising
39
Businesses that do not use the marketing concept focus on production more than customer needs.
True
False
40
If a company runs an advertisement which component of the marketing mix would it be?
Place
Promotion
Product
Price
41
An approach to customer service that gives employees authority to solve customer problems is?
Social Responsibility
Employee Empowerment
Relationship Marketing
Hard Selling
42
This component of the marketing mix includes customers locating and obtaining products/services
Distribution
Promotion
Product
Price
43
When you buy an ice cream cone or a digital camera you are involved in marketing.
True
False
44
A location where people bring products to be conveniently exchanged is a?
Crossroads
Stock Exchange
Central Market
Money System
45
Which business function involves developing, implementing and evaluating business plans.
Operations
Production
Management
Merchandising
46
Which of the following does not help to improve the marketing concept?
They all improve the marketing concept.
Relationship marketing
Emphasizing sales
Employee Empowerment
47
This marketing function provides security for products, personnel and customers.
Selling
Pricing
Promotion
Risk Managment
48
Planning is the most important element of the marketing mix.
False
True
49
Which of the following is not a key component of specialization of labor?
Produce small quantities of many items
Produce large quantities of the same item
Concentrate on one thing or related items
Use specific skills
50
In which of the era's were there a limited number of product choices?
Product
Marketing Dept.
Sales
Marketing Concept