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Marketing Intro Flashcards | StudBud
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Marketing Intro
Marketing Intro
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Questions
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Answers
1
An example of a good is a tv
True
false
2
The study of personality, values, attitudes, interest, and lifestyle
Behavioral
Demographics
Psychographics
Geographics
3
Walmart decides to cut its prices to combat competition.
Finance
Pricing
Product Service Management
Selling
4
Which utility is involved every time legal ownership of a product changes hands?
Possession
Form
Time
Information
5
A good is tangible.
False
True
6
SWOT stands for?
Strengths, Weaknesses, Optimize, Threats
Strategic, Weaknesses, Output, Treats
Strengths, Weaknesses Opportunites and Threats
Strategic, Willing, Opportunities, Thoughts
7
function that is responsible for the flow of goods or service from the producer to the customer
product/service management
selling
Distribution
purchasing
8
A massage is an example of a service?
false
true
9
An effective marketing-information management function enables marketers to
determine the price of a good or service
create demand for a good or service
determine what products customers want
select suppliers for products
10
A group of people identified as those most likely to becomes customers
Target Market
Marketing
People
Customers
11
Kroger borrows money from Bank of America to purchase oranges for its produce department
Pricing
Promotion
Finance
Product Service Management
12
A consumer is someone who purchases a product for themselves
False
True
13
Having a product where customers can buy it
Time
Place
Form
Possession
14
A product being in great demand is a factor that might encourage businesses to
adjust prices
contact competitors
gather information
decrease inventory
15
Which is the correct selection for the 4 methods of market segmenting?
health, work, time, upscale
demography, geography, psychology, sociology
age, gender, economics, location
demographics, geographics, psychographics, behavioral
16
Making both buyers & sellers feel they are getting good value is part of the ___ function
financing
purchasing
pricing
promotion
17
to be successful, businesses need to set prices that cover costs and
encourage protectionism
spur inflation
maximize return
stabilize marketing data
18
Target decides to ship its products bought over the internet by Federal Express
Marketing Information Management
Product Service Management
Selling
Distribution
19
Smitty's stores all of its inventory in regional warehouses around the country.
Distribution
Product Service Management
Selling
Promotion
20
Ford Motor Company buys Goodyear tires to supply with all new cars.
Marketing Information Management
Selling
Distribution
Product Service Management
21
Best Buy launches a new advertising campaign targeted toward men buying laptop computers.
Product Planning
Promotion
Selling
Marketing Information Management
22
One reason the selling fuction is so important is because it involves
setting high prices
displaying products
contact with customers
affects demand for a good or service
23
Chick Fil A surveys customers to find out what they think of their food offerings.
Product Service Management
Selling
Marketing Information Management
Promotion
24
Adidas decides to introduce a new version of running shoe.
Product Service Management
Promotion
Pricing
Selling
25
Nike selling their Air Force Ones at Foot Locker is an example of which utility
Time
Form
Information
Place
26
Using cotton to make a new shirt is which utility?
Form
Time
Information
Possession
27
Physical characteristics of a population
Behavioral
Demographics
Psychographics
Geographics
28
Added value is called utility?
False
True
29
Involves changing raw materials or putting parts together to make them more useful?
Place
Time
Form
Information
30
This utility involves communication with a customer.
Form
Information
Possession
Place
31
Kia decides to stop production of the Sorento due to low sales.
Marketing Information Management
Selling
Finance
Product Service Management
32
Chick-Fil-A creates a new billboard campaign for their new sandwich.
Promotion
Selling
Marketing Information Management
Product Service Management