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FINAL - Review
FINAL - Review
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Questions
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Answers
1
Product levels are:
Supporting products
Augmented products
Core product
Facilitating products
2
Lifestyle is a person's whole pattern of acting and interacting in the world and provides info about consumer values.
False
True
3
One important challenge for PR managers is to ___________ news.
Feature the leadership of the company in
Create
Hide negative
Promote only financial
4
Differentiation concentrrates on achieving superior performance in an important customer area valued by a large market.
True
False
5
Psychological prices are:
Price endings: .99, .95
International pricing - uniform worldwide pricing
Value pricing - temporary lowered
Promotional pricing - special occasions
6
Which of the following is not a factor that is transforming direct marketing?
Customers’ attitudes toward the natural environment
Social media tours and online communities
Development of new Internet and network and protocols
Powerful, customizable, and user-friendly computing devices
7
Which of the generations listed below are most interested in traveling abroad?
Baby Boomers
Generation Y
Millenials
Generation X
8
One of the benefits of social selling is:
Conserving salespeople's valuable time
Reducing the price of products to be purchased
Reducing the perishability of services
Increasing the persuasive power of the sales person
9
Which of the following is one of the most frequent frustrations of a salesperson?
Working with a team
Nature of the job
Not dealing with aggressive competing sales representatives
Working regular hours
10
Revenue management involves ___________ of profit margins and sales volumes for each product line.
Synthesis
Cutting
Analysis
Environmental scanning
11
A consortium is a group of organizations that work together to provide mutual benefits to members.
True
False
12
The aim of press relations is to understand the firm’s mission, culture, and target of the communication.
True
False
13
Sales force ____ ensure that corporate goals are met.
Turnover
Technology skills
Objectives
Cross-training
14
Which of the following statements is correct?
Marketing strategies support resources
Marketing strategies support tactics
Marketing tactics support resources
Marketing tactics support strategies
15
Customer density varies by territory, and territories with equal potential can:
Only be the same size.
Vary widely in size.
Be split into two equal size regions.
Divided or split into a multitude of small but equal sizes regions
16
The affordable method in establishing a total promotional budget for a company is based on:
How much customers can afford to spend on the company’s product
How much money is spent in average per each customer who makes a purchase
How much the company can afford to spend on the promotional mix
How much money it takes to reach all of the customers in the target market
17
Major activities of PR departments are:
Lobbying
Press relations
Corporate communications
Product publicity
18
The main forms of online advertising are display ads and search-related ads.
False
True
19
Generally, the ______ assigns the area’s quota to each of the area’s salespeople.
General manager
Sales manager
Buyer
Salesperson/salespeople themselves
20
Generally, print publications are being replaced by:
TV ads
Personalized print communications
Radio ads
Online publications
21
Advertising strategy consists of two major elements: competition and clutter.
True
False
22
Buyers are less price-sensitive when the product is unique or when it is high in quality, prestige, or exclusiveness.
True
False
23
Company structures its sales force based on selling higher-priced products.
True
False
24
Marketers have a responsibility to protect the privacy of customer information.
True
False
25
Which of the following is not a specific form of direct and digital marketing?
Social media marketing
Mobile marketing
Segmented marketing
Online marketing
26
Promotional mix - a specific blend of ads, public relations, personal selling used to communicate customer value.
False
True
27
Internal marketing seeks if employees are able and willing to deliver quality services (company's internal customers).
False
True
28
PR messages and vehicles are:
News and corporate social responsibility activities
Publications
Events and websites
Social media
29
It is _____ to find properties that are truly comparable in all attributes due to the uniqueness of the hotel industry.
Redundant
Useless
Difficult
Easy
30
Social selling includes the followings:
Peer-to-peer sales
Formal selling
Online, mobile and social media tools
Networking
31
AIDA - designing the message should include:
Message format (how to say it synbolically)
Message structure (how to say it)
Message lenght
Message content (what to say)
32
Which of the following is NOT one of the most common mistakes in pricing?
Pricing completely ignoring the cost in all phases of a product’s lifecycle
Prices that are not revised to reflect market changes
Pricing that is too cost oriented
Prices not varied enough for different product items and market segments
33
National, state, and local tourism agencies have the goal of promoting:
Specific hotels at destination who contributed the most to the local taxes
Only the for-profit organizations at the destination
The destinations that they represent
Only specific events at the destination
34
Image differentiation - an image conveying a singular distinctive message about products major benefits and positioning.
True
False
35
One of the benefits of social selling is:
Reducing the perishability of services
Reducing the price of products to be purchased
Conserving salespeople's valuable time
Increasing the persuasive power of the sales person
36
Slogans like “I Love NY” and “100% Pure New Zealand” contribute to _____ a destination.
Developing
Informing travelers about
Managing
Positioning
37
A distribution channel is a set of independent organizations hwo make a product/service available to consumer.
True
False
38
A restaurant examines the cost of its menu items. adding a 20% markup to each item’s cost as final price - this is a:
Competition-based pricing
Break-even analysis
Value based pricing
Cost-based pricing
39
Digital marketing tools and platforms directly engaging anywhere, any time via computers, smartphones, tablets, smart TV
False
True
40
Competition-based price is based on other organizations that have helped pay part of the cost.
False
True
41
Which of the factors below represents one of the most critical aspects of distribution for hospitality companies?
Number of segments served
Number of product lines
Location
Pricing
42
The following elements constitute the AIDA framework:
Attention, importance, desire, action
Attention, interest, desire, action
Attention, interest, attention, distribution, action
Action, interest, desire, activity
43
In direct distribution, the transaction costs are low because:
Only the most efficient intermediaries are involved
There are no intermediaries involved
Only the most inexpensive intermediaries are involved
There are only a few intermediaries involved
44
For most companies, the first step in conducting online marketing is to use highly selective mailing lists.
False
True
45
Sustainable tourism refers to tourism that minimizes the environmental impacts and sociocultural changes and defined as:
Economic effects of tourism
Social/cultural effects of tourism
Environmental effects of tourism
Sustainable effects
46
A vertical marketing system consists of different natural abilities to attract qualified channel members.
False
True
47
Generally, a web site _____ all other promotional and retail activities.
Supports
Cannibalizes
Is separated from
Relies upon
48
One of the most important aspects of database use is:
Size
Hosting on the property to decrease security risk
The use of artificial intelligence
Integration
49
One of the most important functions of a distribution channel member is contact. Contact represents:
Finding and communicating with potential customers
Gathering, distributing research, intelligence about marketing environment
Securing the funding that covers the cost of channel work
Developing a spreading persuasive communication about an offer
50
There is _____ competition among destinations for leisure travelers.
Weak
Intense
Unknown
Sporadic
51
To be effective, each marketing plan must be written _____.
Every 6 years
Each month
Every 6 months
Every year
52
The long-run success of tourism will depend on ______ to satisfy the desire for travel.
Natural attractions
Ultra-popular attractions
Virtual attractions
Manufactured attractions
53
Prospecting involves:
Assisting in creating business intelligence
Assisting in pricing decisions
Finding and cultivating new customers
Deciding on how to articulate the vision of the company
54
Direct and digital marketing was very basic in the beginning, but became ______ over time.
Expensive
Personalized
Difficult to use
Addictive
55
Revenue management systems are used to maximize a hospitality company’s yield or contribution margin.
True
False
56
Micromarketing: the practice of tailoring products and marketing programs fitting specific individual tastes or places:
MoLoSo
LoMoSo
SoLoMo
None of them
57
A marketing plan has a ____ scope than a _______ plan.
More limited, business
Broader, business
More limited, strategic
Broader, hiring
58
Destinations generally have an actual or perceived ____.
Boundary
Popular attractions
Border
Security force
59
Demographic environment is the study of human populations in terms of size, density, location, age, sex, race - select:
Millennials and Generation Z
Baby Boomers and Generation X
Generational marketing
Increasing diversity
60
A customer sees a stake priced at $29.99. This is likely an indication of:
Psychological pricing
Value-based pricing
Prestige pricing
Bundling
61
A company’s promotional mix includes all of the following elements, except for:
Public relations
Pricing
Advertising
Personal selling
62
Which of the following factors does not influence the structure of a hotel sales department?
Advertising
Size of the property
Nature of the market
Culture of the organization
63
To break through the clutter, many marketers have subscribed to a new merging of advertising and:
Entertainment
Segmentation
Cost accounting
Marketing research
64
Restaurant distribution systems include:
Concierges
Food Trucks
Travel agents
Food delivery platforms
65
Interactive TV allows marketers to target audiences based on their specific:
Residence
Subscription plans
Preferences
Age
66
Marketing analysis begins with a complete SWOT company analysis.
True
False
67
Developing a marketing research plan includes:
Determine specific information needs
Planning primary data collection
Implementing the research plan
Gathering secondary information
68
In its simplest form, value pricing means offering a price below competitors:
Temporary
Only for certain customers
Only for certain segments
Permanently
69
Direct mail marketing is based on:
Many-to-many-communication
Immediate loop for feedback
Sending emails only to customers opting to receive messages
Databases or lists
70
Conventions are annual meetings including general sessions, committee meetings, social interest sessions and trade shows
False
True
71
Market segmentation consists lf many types of costumers, products and needs. Consumers are gruped in various ways.
True
False
72
Which of the following specific tools to communicate with customers are used by advertising?
Inventive programs
Press releases
Discounts
Outdoor billboards
73
Occupancy, passenger miles, and total covers are common measures of sales volume.
True
False
74
Which of the following is the first step in the selling process?
Negociation
Presentation
Pre-approach
Prospecting
75
Organizing the sales department includes the followings:
Field sales force
Team sales (not from same company necessarily)
Inside sales force
Hire new manager
76
Price must be coordinated with symbolic and visual qualities.
True
False
77
Personal characteristics affecting consumer behavior influenced by cultural factors are:
Culture and subculture
None of them
Cross-cultural marketing
Social class
78
Which of the following are NOT marketing objectives for a PR manager?
Lower promotion costs
Aggressively persuade customers to buy the companny's products
Building credibility
Building awareness
79
A major factor influencing price increases is:
Shortage of labor
Economic growth
Natural dynamics in the demographics of the general market
Inflation
80
Advertising is any paid form of non-personal presentation, promotion of ideas, goods/services by an identified sponsor.
False
True
81
Social media has increasingly become ____________, particularly for younger customers of hospitality and tourism.
Useful for bookings
Mainstream media
Obsolete
Potential customers
82
Hospitality Industry distribution channels are:
Indirect channels
Direct channels
Online travel agencies
Restaurant distribution systems
83
Regardless of how a sales force is structured, individual salespeople must classify their:
Advertising
Budget
Team members
Customer base
84
The inside sales force includes technical support persons, sales assistants, and telemarketers.
False
True
85
Psychological factors that models consumer behavior:
Learning
Perception
Motivation
Believes and attitudes
86
Traditional forms of direct marketing used in hospitality industry are:
Direct-mail marketing
Telephone marketing
Interactive TV
Kiosk marketing
87
Economic environment consist of factors affecting customer purchasing power and spending patterns, choose correct items:
The global economy
Economy
Changes in income
The Super Rich
88
Research has shown that casinos _____ business away from local restaurants.
Do not take
Take
Drive
Retain
89
Maturity is a period of slowdown in sales growth because of product achieved acceptance by most of its potential buyers.
False
True
90
A restaurant informs the press of no cases of food borne illnesses traced as the destination has recorded - this is:
Persuasive communications
Press relations
Advertising
Lobbying
91
Lobbying involves dealing with legislators and government officials to promote or defeat legislation and regulation.
False
True
92
Direct interactions between customers and companies in the social media space give customers a sense of:
Preferential treatment by the company
Community
Information asymmetry
Superiority relative to the other customers
93
Local area marketing uses all areas of promotional mix, but predominantly ____ to convey messages to the local audience.
Advertising
Sales promotion
Public relations
Personal selling
94
______ have security and privacy concerns.
Both customers and companies
Only customers
Neither customers not companies should
Only companies
95
Revenue management system is used to maximize a company yield of contribution margins by:
Price adjustment
Dynamic pricing and BAR pricing
Other channels
Rate parity and Overbooking
96
Which of the following pairs represent common measures of sales volume?
Advertising awareness and advertising ROI
Food cost and labor cost %
Occupancy and total covers
Staff turnover and cross-training
97
Destination marketing is systematically linking supply (destination features and benefits) with:
Destination image
Destination management
Destination competitiveness
Demand (needs and wants of travelers)
98
Objectives should be based on information about the target market, positioning, and market mix.
True
False
99
It is recommended that companies:
Conduct information security audits
Delete all customer data
Store customer data on mobile devices so they can be easily transferred
Delete all data stored in the cloud
100
Press relations aims is to put newsworthy information in news media to get attention to a person/product or service.
True
False