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Marketing Managmnt chptr1 Flashcards | StudBud
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Marketing Managmnt chptr1
Marketing Managmnt chptr1
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Questions
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Answers
1
You can't get tickets to the Rolling Stones concert because they are sold out. Which of the following demand states
unwholesome demand
overfull demand
latent demand
nonexistent demand
2
Companies address needs by putting forth a ________, a set of benefits that offer to customers to satisfy their needs.
Value Proposition
Deal
Marketing plan
Brand
3
Juan Garcia plans daily promotions about company's products and services. He can be described as a(n) ________ planner
tactical
strategic
niche.
operational.
4
In the case of ________ demand, consumers dislike the product and may even pay a price to avoid it.
overfull
non existent
declining
negative
5
The production concept is one of the newest concepts in business.
True
False
6
________ are basic human requirements, while ________ are the ways in which those requirements are satisfied.
Wants; needs
Demands; needs
Needs; demands
Needs; wants
7
Soccer's World Cup is promoted aggressively to both companies and fans. This is an example of marketing a(n) ________.
Idea
Event
Service
Place
8
Car rental firms, hair dressers, and management consultants provide ________.
Services
Goods
Events
Experiences
9
The selling concept holds that consumers will favor those products that offer the most quality, performance
True
False
10
McCarthy classified marketing activities into the four Ps of the marketing mix. These four Ps stand for ________.r.
product, price, promotion, and place
product, positioning, place, and price
place, promotion, production, and positioning
product, production, price, and place
11
Michael Porter's value chain would identify which of the following as a support activity?
servicing products
shipping out final products
operations
procurement