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Duplicate of Sports Marketing Chapter 4 Flashcards | StudBud
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Duplicate of Sports Marketing Chapter 4
Duplicate of Sports Marketing Chapter 4
55 terms
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StudBud Administration
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8 plays
market segments, maslow hierarchy of needs
Flashcards
55 cards
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Questions
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Answers
1
Which of the following is not an example of poor customer service?
Talking on the phone while others wait to be served
Placing a customer on hold for a long period of time
Failing to follow up with the customer
Choosing to have a positive attitude
2
Teenagers are considered to be a desirable target market?
False
True
3
Internal sources of information for a business includes?
Government Reports
Business Publications
Commercial Data
Customer and Sales Records
4
This is the percentage of total sales of a product that a company expects to capture
Market Segmentation
Market
Target Market
Market Share
5
Which of the following is not a characteristic of a customer service representative?
Be Happy
Have a positive attitude
Look forward to meeting the public
Ignore customers if they are on the phone
6
Which of the following is not part of Maslow's Hierarchy of Needs?
Self-actualization
Security
Financial stability
Physiological needs
7
Which of the following would be the best strategy for a business to rise above competition?
Coupons
Free Stuff
Customer Service
Sales
8
The point at which all expenses for producing a product is covered.
Marketing Concept
Comparative advantage
Customer Service Gap
Breakeven point
9
Good customer service would include all of the following except?
Eye contact
Listening attentively
Saying Thank you
Slamming down the phone
10
This type of segmentation divides the markets into physical locations
Geographic
Behavioral Based
Demographic
Psychographic
11
"Going the extra mile" in customer service includes all of the following except?
Making a follow-up phone call
Suggesting other products or services
Asking if the customer has any additional needs
Running longer
12
The main focus of this is to satisfy customer needs
Comparative advantage
Breakeven point
Customer Service Gap
Marketing Concept
13
The marketing concepts requires maintenance of important relationships with?
Competitors
Customers
Producers
Distributors
14
Most customers leave a company due to lack of?
Time
Money
Attention
Available products
15
Purchases based on loyalty to a particular brand or product.
Emotional
Rational
Patronage
Habitual
16
What should you not do if you have an angry customer?
Say "I'm sorry"
Walk away
Allow customers to vent
Tell customers what you can do for them
17
What percentage of every dollar is spent on marketing costs by a business?
50
90
70
100
18
Which of the following is not a part of creating a service culture in business?
Demonstrate pride in each sale
Value long-term positive relationship
Follow a low performance process
Follow FAST
19
Approximately how many people will a person tell if they experience poor customer service?
5
15
10
20
20
Young families spend entertainment dollars to attend sport events for their children.
True
False
21
This is a specific group of consumers that a company wants to reach.
Market Share
Market Segment
Target Market
Market
22
Mystery guests are often hired by companies to determine the quality of their customer service?
False
Treu
23
Purchases based upon careful thought and sound reasoning are what type of purchases?
Rational
Patronage
Values-based
Emotional
24
The marketing concept focuses on?
Creating a relationship between the customer and producer
Maximizing the profit
Both A and C
Satisfying customer needs
25
Consumers may only belong to one market segment.
True
False
26
The difference between what customers expect and the service they receive is called?
Marketing Concept
Customer Service Gap
Comparative advantage
Breakeven point
27
Which of the following is a characteristic that can be physically measured?
Lifestyle choices
Age
Interests
Values
28
During a customer service phone call it is always good to use?
All of the above
A polite voice
The customers name
A listening ear
29
Having a comparative advantage means that companies can?
Beat out the competition
Price products as high as they want
Pass on savings to customers
Be the first to sell their product
30
Which of the following is not an example of a market segment?
The number of freshmen at a four year high school
The number of female NASCAR fans
The number of teenagers in the United States
The number of students who purchase season football tickets
31
This is the rate at which companies produce goods in relation to materials and employees
Productivity
Benefits derived
None of the above
Profit
32
Economic uncertainty has a direct impact on consumer purchases.
True
False
33
Purchases made with little thought are considered to be?
Emotional
Behavioral Based
Rational
None of the above
34
Which of the following is not part of the marketing mix?
Product
Place
People
Price
35
Which of the following is not part of the values based culture?
Going beyond expectations
Stating that the problem is out of your department
Providing top values
Keeping Promises
36
Which of the following is a driving force behind the marketing concept?
Customers
Producers
SalesPeople
Distributors
37
Today's consumers?
consider the benefits of a purchase
all of the above
have more choices for use of their discretionary income
are more mobile than before
38
This segmentation is based on age, income, education and marital status.
Geographic
Psychographics
Demographics
Behavior
39
Good customer service in sales will do all of the following except?
Keep customers returning
Maintain a competitive edge
Remember returning customer names
Provide inadequate services
40
FAST stands for
Focus, Action, Search, Timeliness
Focus, Action, Speak, Tenacity
Focus, Action, Security, Timeliness
Focus, Action, Search, Tenacity
41
This segmentation is based on values, interests and life choices.
Demographics
Behavior
Psychographics
Geographic
42
Which of the following is a result of an increased standard of living in the United States?
Increased comparative advantage
Less discretionary income
Increased economic uncertainty
More discretionary income
43
Which of the following would be considered a physiological need?
Respect
Shelter
Recgonition
Belonging
44
Which of the following is NOT true of most consumers?
They like to have their needs satisfied
They use the decision making process to make a purchase
They have limited resources
They conduct research before purchasing
45
Secondary data?
has already been collected for some other purpose
is collected by observing consumer behavior
is collected through consumer surveys
is obtained for the first time
46
Good customer service will create all except the following within your business?
Angry customers
Customer satsifaction
Repeat customer
Customer loyalty
47
The first step in the marketing process is to determine?
Who is the competition
How much of the product should be produced
How will the product be promoted
Who is the customer
48
The capability to produce products or services more efficiently and economically.
Customer Service Gap
Comparative advantage
Marketing Concept
Breakeven point
49
This segmentation is based on product usage and benefits.
Behavior
Psychographics
Demographics
Geographic
50
Which of the following is not a major goal of marketing?
Determining how to advertise
Determining what people are willing to pay
Determining what people want
Meeting customer needs
51
Realization of one's self potential is which level of Maslow?
Self-actualization
Self-worth
Self-realization
Self-esteem
52
Emotional purchases are most likely not to occur when?
People are at a favorite concert
People are given the opportunity to attend the SuperBowl
People are watching their favorite team win
People are shopping for groceries while on a budget
53
Which of the following is the last step of the decision making process?
Decide on what to purchase
Evaluate the product
Conduct research
Evaluate choices
54
How many levels are there in Maslow's Hierarchy of Needs?
4
5
6
3
55
External sources of information for a business does not come from?
Government reports
Trade and professional organizations
Business publications
Company financial reports