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SEM 2 4.01-4.04 Test Review Flashcards | StudBud
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SEM 2 4.01-4.04 Test Review
SEM 2 4.01-4.04 Test Review
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4.01-4.04 Test Review
Flashcards
20 cards
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Practice quiz
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Host live
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Questions
20
Answers
1
Which factor should event marketers consider when identifying target market for specific events
Character
Culture
Behavior
Attitude
2
Knowing where customers are located can help a business decide on?
How to package products
how much inventory to stock
Distribution channels to use
The prices that are the most popular
3
Which sports situation is likely to have a negative economic impact on a local community?
Golf tournament organizers solicit volunteers
New college football stadium is being built
A popular musical group comes to town
Professional baseball players go on strike
4
The Red company selected a target mkt, it ignored segment differences with 1 offer. Type of mkt
Mass
Niche
Isolated
Individual
5
Secondary sources - census reports & other govnt. publications excellent sources to obtain?
Demographics
Target markets
Competing products
Business personnels
6
Businesses often ask for the zip code of customers at the customers at the checkout counter to?
How much customers can pay for products
The averae age of customers
How often the customers visit the business
A geographic area for a direct-mail campaign
7
Which situation is an example of a business using niche marketing?
Petroleum company offert gas credit cards
Footwear comp. produces line of children's shoes for soccer
Soft drink mfg. advertises its products on TV
Chemical mfg. offers a line of hand soap
8
Business can estimate demand & identify mkt trends by tracking buying behavior and?
Analyzing consumption patterns
tabulating quotients
Etablishng standards
Qualifying distribution channels
9
The
most
useful or desirable market segments to a business are those that are measurable and?
Concentrated
Undifferentiated
Inflexible
Accessible
10
One aspect of identifying a segment of a sports mkt involves identifying?
Heavy users
New vendors
Regional trends
Sales forecasts
11
One question that a business must answer when identifying a potential profitable market?
What are monthly variable expenses
Does the product have form utility
Is the market responsive
Reach & frequency of the advertising medium
12
Sports organizations maintain mkt. info. systems to be able to?
Respond to customer need
Distribute season tickets
Modernize old and outdated facilities
Develop a wide range of databases
13
An important aspect to consider when business begins to assess its marketing information needs?
Competition
Production
Technology
Government
14
The
first
step that a business should take in assessing mkarketing information is to perform?
Conduct primary research
Analyze the results
Select the research tools
Identify the issue or problem
15
Which statement is true regarding nich marketing
Marketers consider broad focus to meet the need of the niche
Niche markets are small & may attract a few competitors
Market segments are subgroups of niche markets
Niche markets don't often cusomize their offerings
16
Why do sports or event organizations maintain sales & accounting records?
To determine household income
To calculate salary information
To measure economic impact
To prepare promotional material
17
Which situation indicates a positive economic impact on a city that hosts a pro golf tournament
Higher restaurant sales
Fewer hotel reservations
Decreased tax revenue
Increased traffic congestion
18
Entertainment marketers should identify their target markets
after
examining which component?
Customized products that fit the needs of the market
Past ticket sales records for similar events
Available data and research about the segment
Retired people with discretionary income
19
To make sure an event is ready for attendees, sports marketers might refer to?
Guest list
Inventory agenda
Function sheet
Production checklist
20
One way to verify a complex arena event is well prepared for spectators is by completing
reading the scripted elements
Developing an event checklist
Holding a rehearsal
Identifying audio needs