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