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MK19
MK19
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Questions
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Answers
1
A brand's worth in terms of income, potential income and prestige
Market Value
Brand value
Trademark
Touch points
2
When customers have a negative experience with a business, they are likely to:
Give the business one more chance
Tell their family & friends about it
Do nothing
Contact the owner or manager
3
Positive and negative results can often be directly related to a company’s:
location
taxes
name
actions
4
Which of the following is a result that is likely to occur when companies take negative actions:
Bankruptcy
High employee turnover
Increased efficiency
Excellent business reputation
5
Television advertisements, interactions w/salespeople, and bills or invoices are all examples of
Emotional motives
Market share
Corporate responsibility
Touch points
6
A measure of how well your business or product meets or exceeds customer expectations:
Primary Market Research
Customer Satisfaction
Codes
7
Businesses cannot create a(n) __________ where none exists.
need
building
good
service
8
An exchange of information in which the words and gestures are understood in the same way by both speaker and listener
Managing
Communication
Confirmation
Feedback
9
Technological advances help companies provide more service with fewer employees, but why must the companies be careful?
Current employees may go on strike
Customers may feel they are losing the human touch.
Computers and telephones break down regularly.
Technology cannot provide 24-7 service.
10
When all employees are on the “same page” and working toward a common goal, businesses tend to be more
popular
efficient
negative
ethical
11
Reasons for buying that appeal to the sense of reason or judgment
corporate responsibility
emotional motives
Brand value
rational motives
12
An organizations portion of the total industry sales in a specific market
Market Position
Market Segmentation
Target Market
Market Share
13
Why is it a bad idea to use high-pressure sales techniques
It overwhelms customers with too much information
The technique rarely works
Too much time is consumed
Customers may feel dissatisfied after their purchases
14
Activities and benefits provided by a business to its customers to create goodwill and customer satisfaction
reputation
adaptability
customer service
customer loyalty
15
A business's active efforts to create a positive impact on its employees, the community and the environment
Brand value
market share
touchpoints
corporate responsibility
16
The customer's preference for a business or product meets or exceeds customer expectations
customer service
customer service
customer loyalty
reputation
17
All the opportunities that businesses have to connect with customers and reinforce thier brand value
touchpoints
Brand value
corporate responsibility
market share
18
Reasons for buying that involve an appeal to the customer's emotions or feelings
Rational Motives
Emotional motives
Brand Value
Customer Satisfaction