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SEM 2 Review #2 Flashcards | StudBud
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SEM 2 Review #2
SEM 2 Review #2
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Part 2 review for final
Flashcards
50 cards
F
Practice quiz
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Host live
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Questions
50
Answers
1
Taco Bell offered to name the pregame show "The Taco Bell Pregame Report." What is this?
Exclusivity
Ownership
Sales and Sampling Opportunities
Fund-raising Opportunities
2
When assessing risks, you should get input from all levels of management and what other group?
Local Personnel Inspectors
Vertical Staff Members
Public Relations Inspectors
Financial Consultants
3
When a manufacturer decides to sell in other countries, which situation should be considered?
Cost of Goods
Selling Motives
Trade Restrictions
Profit Margins
4
What part of a marketing-research report would be mentioned briefly in an oral presentation?
Pertinent Data
Research Findings
Research Methods
Relevant Information
5
When picking a target market the MOST useful market segments are those that are measurable and?
Concentrated
Undifferentiated
Inflexible
Accessible
6
Which is a factor that businesses often consider when conducting a market analysis?
Size of the Market Next Yer?
Safety of the Research Process
Design of the Questionnaire
Location of the Test Market
7
When a league blocks the broadcast of a certain game in a territory, it is known as which this?
Antitrust Violation
Blackout
Injunction
Right of Publicity
8
Which is an example of range?
Half of all consumers buy more than 5 CD's per Month
Most Consumers buy 4 CD's per Month
Consumers buy an Average of 5 CD's per Month
Consumers buy between 3 - 7 CD's per Month
9
The marketing strategy of a marketing plan should include which component?
Detailed Product Description
Proposed Annual Budget
Explanation of Accounting Methods
List of Current Employees
10
One way that a business can learn about activities of its competitors is by performing this?
Reviewing Secondary Data
Evaluating Intranet Efficencies
Developing Product Specifications
Identifying Communication Barriers
11
Variable cost $3, Total fixed costs $288,000. Product sells $6. What is the break even point?
48,000
4,800
32,000
96,000
12
What do researchers often use to summarize and interpret vast amounts of numeric information?
Independent variables
Hypothetical Samples
Research Questionnaires
Descriptive Statistics
13
Setting ticket prices based on potential customers ability to pay is what pricing strategy?
Promotion
Motive
Objective
Restrictive
14
At a 5k run a Duck Donuts sign is posted at the registration desk for donuts for the runners.
Professional Testimonial
Selective Distribution Strategy
Contingency Plan
Barter Agreement
15
Zaxby's estimates an increase in product demand over a certain time frame.
Growth Rate
Performance
Size
Profitability
16
A shoe company runs a TV commercial about an Olympic track star for winning 2 gold medals.
Non-designated Sponsorship
Ambush Marketing
Copyright Infringement
Sales Promotion
17
Concession stands, licensed merchandise, & luxury seats are usually available at which event?
Formal Fund-raising Dinner
Professional Football Game
Art Exhibit and Street Festival
Sport Industry Conference
18
A challenge for U.S. companies when developing a plan to sell movies in foreign countries?
Language barrier in promotions
Cost of foreign monetary exchanges
Uncertainty about government policies
Lack of interest by foreign customers
19
What do businesses often take into consideration when forecasting sales for marketing plans?
Company's Profit Goals
Quotas for salepeople
Competitors' Market Share
Location of Regional Territories
20
Businesses often collect marketing information from customers in order to learn how to do what?
Qualify for vendor discounts
Sell best in certain locations
Earn the highest profits
Meet specific design standards
21
Which situation might a business decide to increase the % of net sales allocated to its budget?
Suppliers Want more Coverage
Competitors are Spending More
Radio Stations are Charging More
Consumers are Spending More
22
What insurance do event organizers buy to cover ticket, sponsorship refunds, & vendor payments?
Property
Term
Accident
Cancellation
23
By doing a competitive analysis, businesses are able to determine if they have which attribute?
A promotional plan
A target market
A security problem
A competitive advantage
24
$2.5 million sales in 1 year with 5% increase. Company allows 10% for promotion how much is it?
$250,000
$255,000
$262,500
$265,500
25
What trade barriers limit a manufacturer's ability to export products to foreign countries?
Quotas and tariffs
Trade agreements and industrialization
Globalization and embargoes
Licenses and outputs
26
When the cost of implementing a marketing plan is much greater than the financial benefits?
Level of Profitability will remain the same
Target market buys $500,000 worth of product each year
Two competitors have 65% of current market share
Advertising rates are increasing slightly
27
Nike's sales increases from $675,900 to $736,731 next year. What is the % of sales increase?
8.5%
8.25%
9.75%
9%
28
Which law makes restraining free trade and competition illegal?
The Lanham Act
The Sports Broadcasting Act of 1961
The National Labor Relations Act
The Sherman Antitrust Act
29
A business that uses advertised specials to attract customer interest should use displays to?
Increase Interest
Overcome Interest
Reinforce Interest
Displace Interest
30
Picking an entertainer to endorse a new product should be linked to which part of the company?
Profitability
Personality
Image
Distribution
31
When researchers review the level of affiliation between 2 variables, they are evaluating what?
Correlation
Sensitivity
Affirmation
Predictability
32
Which statement is true regarding niche marketing?
Marketers consider broad focus to meet needs of the niche
Niche markets are small and may attract a few competitors
Market segments are subgroups of niche markets
Niche marketers do not often customize their offerings
33
Which type of sponsorship objective involves bartering for goods and services?
Promotion
Revenue Generation
Activation
Cost Avoidance
34
If a goal is to avoid storing/ discarding merchandise, what pricing strategy should be selected
Close Out
Cost Plus Markup
Competitive
Versioning
35
Sports/event organizations maintain marketing information systems to able to perform this?
Respond to Costumer Need
Distribute Season Tickets
Develop a Wide Range of Databases
Modernize old and Outdated Facilities
36
What might a business lose if it doesn't tell employees about goods/ services being promoted?
Sales
Basics
Image
Credit
37
Which is an unfair, anti-competitive trade practice in sports or event marketing?
Trademark Infridgement
Loss Prevention
Employee Strike
Sponsorship Exclusivity
38
Which is a true statement about ambush marketing?
Unethical tactics joining non sponsoring business & an event
Business pays a sponsorship fee to be associated with event
Relies on celebrity endorsements to become an event sponsor
Most businesses believe that ambush marketing is ethical
39
Presenting complex report findings & recommendations to a group of managers involves this?
Scientific Data
Informal Outlines
Handmade Graphics
Computer Software
40
Sending letters, rewarding efforts, providing benefits is when event organizers are doing what?
Advertise their products
Service their Sponsors
Improve their brands
Encourage Vendor Loyalty
41
What should businesses try to achieve when manipulating data for information analysis?
Accurate Interpretation
Exploratory Research
Secondary Research
Program Development
42
The primary factor that marketers must consider when allocating funds to the promotional budget
Size of the organization
Promotional Mix
Corporate accounting system
Inventory levels
43
What does trade dress protect?
The distinctive logo or graphics of a good or service
The distinctive slogan of a good or service
The distinctive name of a good or service
The distinctive appearance or image of a good or service
44
One of the benefits to a business using an advertising agency is due to which situation?
Business can promote its products less expensively
Business will not need to prepare a promotional budget
Agency may represent a competitor of the business
Agency has an objective view of the marketplace
45
When setting ticket $ for games they consider the performance of the team which is what factor?
Developmental
Situational
Operational
Ethical
46
When agreements between player's union & the owners' are unreachable the players might?
Become Free Agents
Go on Strike
Ask for Fan Support
Play for International Leagues
47
Businesses collect marketing information from other sources to find out what is happening here?
Research Development
External Environment
Internal Organization
Parent Corporation
48
A marketing report describes the research methods and which other component?
Technical Terms
Industry Review Standards
Data Collection Procedures
Consulting Expenses
49
Basic liability insurance protects an organization/facility from financial risks with?
Injuries
Sales
Weather
Terrorism
50
What question should a business ask when evaluating the performance of its marketing plan?
Are the objectives being achieved?
Are the purchasing policies appropriate?
Is the record-keeping system efficient?
Is it feasible to expand the business?