stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
MKT_201_Chapter One Activity Flashcards | StudBud
Explore
/
MKT_201_Chapter One Activity
MKT_201_Chapter One Activity
12 terms
·
StudBud Administration
·
16 plays
Imported from external platform
Flashcards
12 cards
F
Practice quiz
P
Host live
L
Questions
12
Answers
1
Losing a customer once means losing the stream of possible purchases that the customer would make over time_____
reflects customer lifetime value
reflects customer-perceived value
reflects partner relationship management
reflects marketing offerings
2
A Market Offering is some combination of products, services, information, or experiences provided to consumers.
True
False
3
The selling concept is typically practiced ________.
with goods that buyers normally do not think of buying
to balance consumers' wants, co.'s requirements, and the society's interest
with products that offer the most in terms of quality, and features
when the company focuses on building long-term customer relationships
4
Which of the following marketing management concepts is most likely to lead to marketing myopia?
societal marketing concept
product concept
customer-driven marketing concept
customer-driving marketing concept
5
Which of the following refers to sellers being preoccupied with their own products & losing sight of consumer needs?
Marketing Myopia
Value Proposition
Vendor Lock-in
Conspicuous Consumption
6
Which of the following strategies would a company most likely use to increase customer satisfaction?
limiting customer experiences with a brand
"firing" unprofitable customers
lowering prices
decreasing the variety of offered services
7
Which of the following marketing mgt. orientations focuses primarily on improving efficiencies along the supply chain?
marketing concept
selling concept
production concept
product concept
8
The portion of the customer's purchasing that a company gets in its product categories is known as ________.
customer insight
consumption function
customer-perceived value
share of customer
9
The aim of the product concept is to focus on making continuous product improvements.
True
False
10
________ are human needs that are shaped by culture and individual personality.
A) Necessities
B) Wants
C) Demands
D) Values
11
In the context of customer relationship groups, a potentially profitable and short-term customer is referred to as a ___
true friend
butterfly
stranger
barnacle
12
According to the five-step model of the mktg process, a co. should ___ before designing a customer-driven mktg strategy.
D) construct an integrated marketing program
B) build profitable relationships with customers
C) understand the marketplace and customer needs and wants
A) determine how to deliver superior value to customers