Strategic Marketing REVIEW – Flashcards
Unlock all answers in this set
Unlock answersquestion
Informing, persuading and reminding customers about a good or service is which part of the marketing mix?
answer
Promotion
question
The person who uses the product is the:
answer
Consumer
question
The group of potential buyers is a:
answer
Market
question
Products that are not necessities but are simply desired by the consumer are:
answer
Wants
question
Intangible items that satisfy customer's needs and wants are:
answer
Services
question
Having the product available at the right time and location is which part of the marketing mix?
answer
Place
question
Blue Ridge Manufacturing always focused development on the goods it can provide, based on its staff's abilities and expertise. This is an example of which marketing philosophy orientation?
answer
Production
question
Ty Toy Company introduced a new product that will allow children to buy and care for stuffed animals through the Internet. This is example of which element of a strategic marketing plan?
answer
Strategic directions
question
Harris Teeter grocery offers triple coupons and rainchecks for sold out items. It is the only store in the area to offer these services. This is an example of which element of a strategic marketing plan?
answer
Competitive advantages
question
The Carolina Panthers want to ensure that season ticket holders are satisfied with the amenities the coliseum offers and to better understand the public's perception of the team. This will help to forecast next season's demand on tickets. This is an example of which marketing philosophy orientation?
answer
Market
question
Foster's Grill is a new restaurant that specializes in made-to-order hamburgers. Before the restaurant opened, it researched other nearby restaurants, its competitors, to ensure it was offering something unique. This is an example of which marketing philosophy orientation?
answer
Market
question
KitchenAid is presenting a program called "Cook for the Cure" that encourages women to host breast cancer awareness parties while sharing new recipes. From these parties, millions of dollars have been raised for the Susan G. Komen foundation. This is an example of which marketing philosophy orientation?
answer
Social marketing
question
McAllisters Deli determined it would like to increase revenues by 13% over the next 18 months. This is example of which element of a strategic marketing plan?
answer
Marketing objectives
question
Polka Dots, a local boutique, wants to offer a new service to its customers. It has equipment to personalize small gifts and wants to expand to personalize clothing as well. This is an example of which marketing philosophy orientation?
answer
Production
question
Beth likes to have access to the products she wants and share an opinion about products she uses. This can be BEST classified as which factor that impacts the external marketing environment?
answer
Social
question
Anna owns a medical supply company. One of her major clients overpaid its bill, and Anna decided to notify it and refund the money. This is an example of which form of social responsibility?
answer
Ethical
question
XM and Sirius, two satellite radio providers, decided they would like to merge operations. They notify the proper agencies of this proposal. This can BEST be classified as which factor that impacts the external marketing environment?
answer
Political and legal
question
A local advertising agency uses the most current computers and software to produce its ads to be placed on the Internet. This is BEST classified as which factor that impacts the external marketing environment?
answer
Technological
question
Home Depot promotes and financially supports Habitat for Humanity, a non-profit homebuilding effort that provides homes for those in need. This is an example of which form of social responsibility?
answer
Philanthropical
question
Andrew works for a local, small, start-up business and only earns $12,000 a year. This is BEST classified as which factor that impacts the external marketing environment?
answer
Economic
question
Jane has a large income and spends a good portion on having her nails manicured, having her hair done, and eating out at fine restaurants. She can BEST be classified as which factor that impacts the external marketing environment?
answer
Social
question
Companies are not allowed to send mass emails to consumers who have not requested its advertisements. This is BEST classified as which factor that impacts the external marketing environment?
answer
Political and legal
question
John is nearing retirement age. He is very active and tries to stay busy in his free time. He is BEST classified as which factor that impacts the external marketing environment?
answer
Demographic
question
Susan overcharges three of her clients on a regular basis. She does this intentionally to make more profits for the company. This is an example of which form of social responsibility?
answer
Ethical
question
Alan changed jobs three times in the last six years. Each time, he relocated to another state. He can BEST be classified as which factor that impacts the external marketing environment?
answer
Demographic
question
Recently, several companies have been required to recall products due to the risk of lead paint. This is BEST classified as which factor that impacts the external marketing environment?
answer
Political and legal
question
Target collects information at its corporate office about customer returns, names, addresses, and other contact information. This is an example of which stage in the Customer Relationship Management cycle?
answer
Storing and integrating customer data using information technology
question
A magazine publisher collects information about a customer's opinions and religion when the customer visits the company website and subscribes to a free email newsletter. This is an example of which stage in the Customer Relationship Management cycle?
answer
Capturing customer data based on interactions
question
A company collects information from open- ended comments during registration of a software product. This is an example of which stage in the Customer Relationship Management cycle?
answer
Capturing customer data based on interactions
question
A company examines data collected about customers to determine if there are purchasing habits that it can use to better target a segment of the market. This is an example of which stage in the Customer Relationship Management cycle?
answer
Identification of the best customers for the company
question
When a customer purchases a song from iTunes, Apple collects that information about the user's preferences and choices. This is an example of which stage in the Customer Relationship Management cycle?
answer
Understanding the customer interactions of the current customer base
question
Sprint empowers its customer service representatives to offer discounts to long- established customers in order to solve a problem. This is an example of which stage in the Customer Relationship Management cycle?
answer
Identification of customer relationships
question
Dunkin' Donuts purchases the same coffee from the same supplier on a regular basis. It has established contract and purchases the coffee in large quantities. This is an example of which aspect of business buying behavior?
answer
Buying situations
question
Philosophy markets it holiday body wash and lotion in a candy cane scent in a red, white and pink stripe cylinder box. The packaging is designed to increase sales during the holiday season. This is an example of which factor affecting consumer buying behavior?
answer
Psychological
question
Most restaurants located in Boomtown decided to advertise in local magazines versus more upscale national magazines. These restaurants know how to get the most "bang for their buck" in advertising based on the target market. This is an example of which factor affecting consumer buying behavior?
answer
Social
question
Jim typically buys Diet Coke soda. However, friends have started making comments about his boring soda selection. Jim decides to try a new soda but wants to read all of the nutritional facts before making his choice. This is an example of which category of consumer decision making?
answer
Limited
question
Alesha is familiar with the Citgo brand of gas and purchases from the same gas station each time. This is an example of which category of consumer decision making?
answer
Routine
question
Christian Louboutin is famous for expensive designer shoes with a red sole. Many celebrities enjoy wearing his shoes with short dresses to show off the red sole. Ashley decides to buy a pair of these shoes based on this trend. This is an example of which factor affecting consumer buying behavior?
answer
Social
question
Pillsbury's Slice and Bake cookie dough targets working moms between the ages of 28 and 42 who are busy and pressed for time. It places ads for the cookie dough in Working Mother magazine. This is an example of which factor affecting consumer buying behavior?
answer
Personal
question
A local hospital contracts with premiere landscaping service to maintain its lawn and gardens. This is an example of which category of business customers?
answer
Institutions
question
Norma goes to Food Lion to purchase Country Crock margarine, the brand she always purchases. Because the store is out of her preferred brand, she compares brands and selects one based on low cholesterol. This is an example of which factor affecting consumer buying behavior?
answer
Limited
question
Marketing seasonal body wash scents during the holiday season increases sales. This is an example of which factor affecting consumer buying behavior?
answer
Psychological
question
A local car dealership is sending out a survey to all recent business purchasers of new cars. The purpose of the survey is to measure satisfaction and perception of the buying experience. This is an example of which aspect of business buying behavior?
answer
Customer service
question
In the U.S. it is appropriate to greet others by shaking hands. This is an example of which factor affecting consumer buying behavior?
answer
Cultural
question
A new doughnut company purchases a doughnut manufacturing machine. As part of the benefits to the company, the supplier installs the machine, trains the new owners and services the machine on a monthly basis. This is an example of which aspect of business buying behavior?
answer
Evaluation criteria
question
Alex plans to purchase a car. He spends much time researching the various brands, makes and models of cars in his price range. This is an example of which category of consumer decision making?
answer
Extensive
question
Homewood Homebuilders purchases lumber to build homes. The home builder is an example of which category of business customers?
answer
Producers
question
Wachovia has policies that guide operational behavior. Employees are expected to conduct business within those guidelines. This is an example of which aspect of business buying behavior?
answer
Business ethics
question
Amy is in the market to purchase a new washer and dryer. She is investigating brands, makes and models that conserve energy and save money. What is the NEXT step in the buying decision process for Amy to take?
answer
Evaluate alternatives
question
The Charlotte Bobcats are dissatisfied with its current scoreboards in the arena. What is NEXT the step in the buying decision process for the Bobcats to take?
answer
Conduct an information search
question
Heather normally uses Cover Girl cosmetics, but recently started having problems anytime she wears the make-up. At the drug store, Heather gathers information about other cosmetics companies and compares them to Cover Girl. What is the NEXT step in the buying decision process for Heather to take?
answer
Make a purchase decision
question
Vitamin Water purchased a new water purification system to be used in its production facility. What is the LAST step in the buying decision process for it to take?
answer
Analyze post purchase behavior
question
John is starting a landscaping business. He understands that he does not have many of the tools for the day-to-day operations of the business. What is the NEXT step for John to take in the buying decision process?
answer
Conduct an information search
question
Dunkin Donuts asked suppliers to send in proposals for a new variety of coffee. What is the NEXT step in the buying decision process for it to take?
answer
Evaluate alternatives
question
Kate enjoys using her laptop, but feels it is getting outdated, and she is ready for an upgrade. What is the NEXT step for Kate to take in the buying decision process?
answer
Conduct an information search
question
A local dentist office wants more fashion forward uniforms to wear at work. It decides to order from Old Navy. What is the NEXT step in the buying decision process for it to take?
answer
Analyze post purchase behavior
question
Billy wants to purchase a new SUV. After looking at all SUVs, he eliminates all that are not hybrids. He begins to compare fuel efficiency, seating, safety, and price. What is the NEXT step in the buying decision process for Billy to take?
answer
Make a purchase decision
question
Vitamin Water is targeting consumers who purchase its products in large quantities. It is segmenting the consumer market based on:
answer
Usage rate
question
A company is targeting consumers who enjoy attending social events and trendy restaurants, and wearing fashionable clothing. It is segmenting the consumer market based on:
answer
Psychographics
question
Coca-Cola advertised its product on a billboard in Los Angeles. This is an example of which target marketing strategy?
answer
Undifferentiated or mass
question
A local Italian restaurant advertises the introduction of a low-carb menu that is not offered by any other local restaurant. This is an example of which positioning strategy?
answer
Product differentiation
question
A local coffee shop decided to expand its product offerings to compete with larger chain stores. Which target marketing strategy would BEST serve the local coffee shop?
answer
Concentrated or niche
question
A company is targeting consumers who enjoys running, reading, and eating healthy foods. It is segmenting the consumer market based on:
answer
Psychographics
question
Lowes is targeting consumers living in the Southwest with a new product offering. It is segmenting the consumer market based on:
answer
Geographics
question
A new company decided it will market its strongest product on one radio station. This is an example of which target marketing strategy?
answer
Concentrated or niche
question
Harris Teeter is targeting 35- to 40-year-old, male consumers who earn approximately $42,000 each year. It is segmenting the consumer market based on:
answer
Demographics
question
A company is targeting consumers who have not purchased its products for several months. It is segmenting the consumer market based on:
answer
Usage rate
question
A company is targeting consumers living in England for a new game show on TV. It is segmenting the consumer market based on:
answer
Geographics
question
A company is targeting a middle-aged married couple that earns $105,000 each year. It is segmenting the consumer market based on:
answer
Demographics
question
Sam's Club occasionally sends "One-Day Passes" to current customers in hopes that the customer will share the passes with potential first-time customers. It is segmenting the consumer market based on:
answer
Usage rate
question
Vitamin Water advertises a product called Revive to runners, claiming that it improves recovery time after a long run. This is an example of which positioning strategy?
answer
Product differentiation
question
A company is targeting an older couple earning $82,000 each year with no children. It is segmenting the consumer market based on:
answer
Demographics
question
Zappos Shoes determined it must implement a money-back guarantee and offer free shipping for product returns. It used marketing research to:
answer
Focus on the importance on retaining customers
question
Food Lion emails a survey asking customers about the prices they are willing to pay for certain products. It targets certain surveys to certain markets. Which advantage of using the Internet to conduct marketing research does this represent?
answer
Personalized questions and data
question
PowerAde is developing a new product designed specifically for golfers. It is testing the product in markets across the Southwest and collecting research on taste, nutrient replenishment, and price. It is using marketing research to:
answer
Improve the quality of decision making
question
Which is NOT a good example of a source of competitive intelligence?
answer
Outdated periodicals and former employees
question
Sharon surveys her sales clerks about the effect of a price increase on a certain product. This is an example of which characteristic of a marketing decision support system?
answer
Discovery-oriented
question
Ted is a manager at Target. He implements a price change in a product and sees sales increase quickly. This is an example of which characteristic of a marketing decision support system?
answer
Interactive
question
Apple Computers is testing a new iPod with frequent travelers at major airports. It is collecting research on battery life, screen size, and portability. It is using marketing research to:
answer
Improve the quality of decision making
question
Sticky Fingers Barbecue instantly delivers an online survey to thousands of customers. Which advantage of using the Internet to conduct marketing research does this represent?
answer
Rapid development and real-time reporting
question
Allstate Insurance recently used an open-ended questionnaire to survey customer's opinions about its product offerings. What step in the marketing research process should it take NEXT?
answer
Analyze the data
question
State Farm Insurance wrote and delivered its findings from the mall intercept research it conducted to gauge the effectiveness of its advertising. What step in the marketing research process should it take NEXT?
answer
Follow up
question
Turtle Wax wrote and delivered its findings from the telephone interviews it conducted about its no-rinse car wash product. What step in the marketing research process should it take NEXT?
answer
Follow up
question
Nortel determined that it will use surveys of current customers to conduct research about a new product offering. What step in the marketing research process should it take NEXT?
answer
Specify the sampling procedures
question
The Charlotte Bobcats recently surveyed season ticket holders about the food selections at the arena. What step in the marketing research process should it take NEXT?
answer
Analyze the data
question
A local restaurant will interview friends and relatives of the staff to determine the satisfaction of a new menu item. What step in the marketing research process should it take NEXT?
answer
Collect the data
question
Subway determined it will use taste-tests at a local football game to gauge customer reactions for a new type of sub. What step in the marketing research process should it take NEXT?
answer
Specify sampling procedures
question
A company determined that a product in its best product line is not meeting sales expectations. What step in the marketing research process should it take NEXT?
answer
Plan the research design and gather primary data
question
LL Bean conducted telephone interviews with customers that live in the northeastern U.S. about a new winter outerwear product. What step in the marketing research process should it take NEXT?
answer
Analyze the data
question
Starbucks will use random customer taste tests in a mall to determine if a new product will sell. What step in the marketing research process should it take NEXT?
answer
Collect the data
question
A hospital surveyed a random sample of recent patients in order to determine satisfaction levels about the care they received. What step in the marketing research process should it take NEXT?
answer
Analyze the data
question
Apple Computers used telephone interviews of recent business purchasing managers to conduct research about its customer service policies. What step in the marketing research process should it take NEXT?
answer
Analyze the data
question
A company reviewed and studied all of the findings from the closed-ended questionnaire it used to survey customers about its radio advertisements. What step in the marketing research process should it take NEXT?
answer
Prepare and present the report
question
A local Chick-fil-A owner will interview people referred by frequent customers to determine if a new menu item will succeed. What step in the marketing research process should it take NEXT?
answer
Collect the data
question
S.C. Johnson reviewed and studied all of the findings from the telephone interviews it conducted about its Pledge Duster Plus product. What step in the marketing research process should it take NEXT?
answer
Prepare and present the report
question
Sony reviewed and studied all of the findings from the email surveys of recent customers it conducted to determine the level of customer satisfaction with a recent purchase. What step in the marketing research process should it take NEXT?
answer
Prepare and present the report
question
A company reviewed and studied all of the findings from the regional focus groups it conducted about upcoming advertisements. What step in the marketing research process should it take NEXT?
answer
Prepare and present the report
question
A company wants to know if it should change the product offerings in its least popular line. What step in the marketing research process should it take?
answer
Identify/formulate the problem/opportunity
question
Managers for a local credit union recently discussed their marketing plan. They questioned if the plan was effective in attracting new customers. What step in the marketing research process should they take?
answer
Identify/formulate the problem/opportunity
question
Toyota decided that its advertisements are not reaching the intended target market. What step in the marketing research process should it take NEXT?
answer
Plan the research design and gather primary data
question
Keebler decided it will use the mall intercept technique to conduct research about a change in a cracker's taste. What step in the marketing research process should it take NEXT?
answer
Specify the sampling procedures
question
Mattel wrote and delivered its findings from online user surveys about its product offerings. What step in the marketing research process should it take NEXT?
answer
Follow up
question
Due to low sales volume, Wendy's eliminated its Frescata Sandwich selection from its menu. This is an example of which type of product adjustment?
answer
Contraction
question
The package of a popular box of cereal describes calories, fiber content, and carbohydrate intake. This is an example of which part of packaging?
answer
Label
question
Sony stopped manufacturing its Walkman brand cassette tape players due to obsolescence. This is an example of which type of product adjustment?
answer
Contraction
question
Amber just turned 17. She has a car but needs to purchase insurance. This purchase is an example of which type of consumer product?
answer
Unsought
question
Alex took his wife to the best restaurant in town for their anniversary. This purchase is an example of which type of consumer product?
answer
Speciality
question
Dell Computers prides itself on its ability to provide customer service and solve the problem the first time a customer calls. This is an example of which characteristic of service quality?
answer
Reliability
question
A local car repair shop is known for its service, dependability, and accuracy. This is an example of which characteristic of service quality?
answer
Reliability
question
Pepsi introduced Diet Pepsi Max to appeal to the energy drink target market. This is an example of which type of product adjustment?
answer
Extension
question
Crest is a popular, well-branded product. This is an example of which type of branding?
answer
Individual
question
The popular racing series, NASCAR, is a blend of brands for the benefit of both companies. This is an example of which type of branding?
answer
Co-branded
question
The Durham Bulls offers mini-packages of tickets to customers at a reduced cost when compared to individual tickets. This is an example of which service marketing mix component?
answer
Price
question
National Car Rental offers its Emerald Club members the opportunity to rent a car online and avoid the customer service desk at a local rental facility. The customer simply chooses a car, checks in with the parking lot attendee to provide his/her driver's license verification, and drives away. This is an example of which level of relationship marketing?
answer
Structural social financial
question
Sprint sells digital and cellular phone communications, email, and text messaging. This is an example of which service marketing mix component?
answer
Product/service
question
Bill bought milk and flour at the grocery store. These items are an example of which type of consumer product?
answer
Convenience
question
Ted bought a new lawn mower at a home improvement store. This item is an example of which type of consumer product?
answer
Shopping
question
State Farm Insurance protects a person's house against loss from fire. This is an example of which characteristic of a service?
answer
Intangible
question
Coca-Cola decided to change its PowerAde product to improve the taste. This is an example of which type of product adjustment?
answer
Modification
question
Rainforest Cafe mails a newsletter informing customers of new entrees at its restaurants. This is an example of which service marketing mix component?
answer
Promotion
question
JVC Corporation makes and sells televisions, speakers, DVD players, and other electronic devices. JVC is an example of which type of branding?
answer
Family
question
Diet Coke is a popular, well-branded product. This is an example of which type of branding?
answer
Individual
question
Hilton Hotels sends occasional emails to recent guests to inform them of special events at its hotels. This is an example of which service marketing mix component?
answer
Promotion
question
Honda traditionally changes a few items on its Accord brand before the style and design is changed, and the new model is introduced to the market. This is an example of which type of product adjustment?
answer
Modification
question
UPS delivers packages for a customer. This is an example of which service marketing mix component?
answer
Product/service
question
A tax preparation firm offers free electronic filing for new customers. This is an example of which service marketing mix component?
answer
Price
question
Television manufacturers have slowed the production of analog televisions due to federal regulations about HDTV. This product is in which stage of the product life cycle?
answer
Decline
question
A soft drink company receives suggestions every day about new flavors. The company then evaluates these ideas to see how they align with the company's mission. The company is in which step of the new product development process?
answer
Idea screening
question
Companies often solicit suggestions for new products from customers. This is an example of which step in the new product development process?
answer
Idea generation
question
Nabisco is in the process of researching consumer reaction to a new cookie. The company is in which step of the new product development process?
answer
Test marketing
question
Caribou Coffee determined that a new coffee drink will align perfectly with the company's existing product line. It has begun to evaluate the costs and profitability for the item. The company is in which step of the new product development process?
answer
Business analysis
question
Apple evaluated the sales and costs of developing a new iPod music player and assigned staff to build a prototype. The company is in which step of the new product development process?
answer
Development
question
Apple decided to introduce and heavily market a new iPod model every year. The product is in which stage of the product life cycle?
answer
Maturity
question
Chick-fil-A decided to expand the distribution of its newest sandwich due to a high rate of sales and profitability. The product is in which stage of the product life cycle?
answer
Growth
question
Polo is in the process of evaluating consumer preferences for a new line of men's cologne. The company is in which step of the new product development process?
answer
Test marketing
question
Pharmaceutical companies always price a new drug high when it first enters the market to pay for research and development costs. This is an example of which determinant of price?
answer
Stage in the product life cycle
question
After the major holiday season ends in late December, most retailers will lower prices in an attempt to sell the maximum amount of products no longer sought by consumers. This is an example of which type of pricing objective for a company?
answer
Sales-oriented
question
The owner of Wally's Computers determined the costs of products to be $5000 per month, and sales and operating costs are $1000 per month. In order to cover costs, he/she has determined they will need to sell 12 computers at $500 each ($6000 total sales). This is an example of which cost determinant of price?
answer
Break-even
question
A local branch of a chain sandwich franchise closed its business. A locally owned sandwich store decided to increase its prices by ten percent. This is an example of which determinant of price?
answer
Competition
question
A local clothing store has chosen to price products so that the revenues will be as high as possible. This is an example of which type of pricing objective for a company?
answer
Profit-oriented
question
Krispy Kreme Donuts rapidly expanded its number of business locations in the late 1990s. The company set its prices in the new markets with the goal of increasing the percentage of the market it served. This is an example of which type of pricing objective for a company?
answer
Sales-oriented
question
City Convenience Store has a cost of $1.25 per sandwich. The owner adds an additional 60% to cover costs, bringing the total retail price to $2. This is an example of which cost determinant of price?
answer
Mark-up
question
After raising the price of its 32 oz bottle of water by fifteen percent, managers for Vitamin Water noticed sales decreased by twenty percent. This is an example of which factor affecting economic demand and the prices for a product in the marketplace?
answer
Elasticity of demand
question
When Apple introduced the iPhone, customers waited in line for days for the chance to purchase one of the innovative products regardless of price. This is an example of which factor affecting economic demand and the prices for a product in the marketplace?
answer
Demand
question
The Pet Superstore receives dog food from a manufacturer for $10 per bag. The price it charges customers is $20 per bag. This is an example of which cost determinant of price?
answer
Keystones
question
Super Pizza reduced prices because a large, chain pizza maker opened a block away. This is an example of which determinant of price?
answer
Competition
question
The owner of the Biltmore Bakery has determined he/she should raise the price of muffins because the product sells out before noon every day. This is an example of which factor affecting economic demand and the prices for a product in the marketplace?
answer
Demand
question
Dollar General Stores offer every item in stock in one-dollar increments. For example, a notebook is $1, toothpaste is $2, etc. This is an example of which pricing tactic?
answer
Unique or other pricing tactics
question
Heating contractors offer customers twenty percent off their bill if they schedule the work to be done during July. This is an example of which type of pricing adjustment?
answer
Discounts
question
Ted's Garage purchases more oil and filter products from a manufacturer than another garage down the street. As a result, Ted's Garage pays less for the products than the competitor. This is an example of which legal or ethical issue in regards to pricing?
answer
Price discrimination
question
The owner of the Raleigh Steakhouse will frequently visit other steakhouses to determine if prices are too high or too low and, if so, adjust prices to be somewhere in the middle. This is an example of which type of pricing objective for a company?
answer
Status-quo
question
After Halloween, retailers greatly reduce the price of candy and costumes. This is an example of which type of pricing adjustment?
answer
Discounts
question
Preston Hardware offers industrial customers five percent off their bill if they pay within ten days. This is an example of which type of pricing adjustment?
answer
Discounts
question
Overstock.com charges customers $2.95 shipping per item, regardless of the destination. This is an example of which pricing tactic?
answer
Geographical pricing
question
Lowes Home Improvement offers its customers a voucher to cover the cost of installation of a room of carpet. After installation, the customer must mail the voucher to the home office with a copy of the sales receipt. This is an example of which type of pricing adjustment?
answer
Rebates
question
John went into a local jewelry store and purchased a new watch. Later that day, he ran into a friend that had just purchased the same watch at the same store but paid $25 less. This is an example of which legal or ethical issue in regard to pricing?
answer
Price discrimination
question
Blockbuster Video not only rents, but also sells DVDs. Usually a customer can purchase one DVD for $14.99 or three DVDs for $30. This is an example of which pricing tactic?
answer
Unique or other pricing tactics
question
Creative Music is a new online music store. The owners have decided to charge ten-cents less per song than iTunes and Yahoo Music in order to gain market share. This is an example of which type of pricing strategy?
answer
Penetration
question
Samsung Televisions introduced a high-end 50" LCD to the market, setting the price well above that of other manufacturer's. This is an example of which type of pricing strategy?
answer
Skimming
question
Planter's purchases promotional space in Southern Living to convey its message to a target market. This is an example of which component of the promotional mix?
answer
Advertising
question
Crest toothpaste mails coupons to homeowners twice a year and frequently advertises during the dinner hours for most families. This is an example of which goal of promotion?
answer
Remind
question
A local company was recognized in the newspaper for helping Habitat for Humanity by encouraging its workers to donate time on the weekends to build houses. This is an example of which component of the promotional mix?
answer
Public relations
question
Gatorade offers a free case of product to retailers in an effort to improve the chances it will sell a new product. This is an example of which factor affecting the promotional mix the MOST?
answer
Push and pull strategies
question
John is a sales associate with Belk's. He is responsible for informing and persuading customers to make a purchase. This is an example of which component of the promotional mix?
answer
Personal selling
question
Craftsman has recently introduced a new socket set. This is an example of which factor affecting the promotional mix the MOST?
answer
Stage in the PLC
question
General Mills advertises its new breakfast cereal in local Sunday newspapers. This is an example of which component of the communication process?
answer
Message transmission
question
The target market for a new car is classified as married couples, middle-aged, and middle- income wage earners. This is an example of which component of the communication process?
answer
Receiver and decoding
question
Campbell's Soup is advertising a new flavor of soup on television. Its goal is to let as many potential consumers know about the product as possible. This is an example of which goal of promotion?
answer
Inform
question
Joan determined that Bill wants to buy a new car with a five-star crash rating, seating for six, and doors that open automatically. This is an example of which step in the selling process?
answer
Approaching the customer and probing needs
question
Alex is a member of the local chamber of commerce and attends meetings frequently. He spends most of his time talking with others about his company and its products. This is an example of which step in the selling process?
answer
Generating leads
question
Nationwide Insurance Company is the sponsor for the second-tier NASCAR racing series. This is an example of which major type of advertising?
answer
Institutional
question
Hilton Hotels rewards customers for spending 16 nights in a Hilton brand hotel. The customer can chose to receive free hotel nights, airline tickets, or car rentals. This is an example of which type of consumer sales promotion?
answer
Loyalty or frequency program
question
Energizer Battery Company traditionally uses its "Energizer Bunny" to help consumers understand the value of the Energizer brand. This is an example of which creative decision made about advertising?
answer
Executing the message through advertising
question
Paul is a sales manager for Verizon Wireless. He is constantly talking with sales representatives from other industries to persuade them to work for Verizon. This is an example of which responsibility or decision of a sales force manager?
answer
Recruitment and training
question
A local pizza manufacturer gave away free 4-inch pizzas at a grocery store on a Saturday afternoon. This is an example of which type of consumer sales promotion?
answer
Sampling
question
When Microsoft Office 2007 first arrived in the market, Microsoft sent representatives to local retailers to help store employees understand all of the features and benefits of the product. This is an example of which type of trade/industrial/business sales promotion?
answer
Training
question
Jill received a public service award from a local company. The company sent a notice to the local television stations highlighting the award and recipient. This is an example of which function of a public relations department?
answer
Press relations
question
General Mills frequently teams with local newspapers to deliver advertisements to customers with an offer to take $1.00 off any single box of cereal in the local grocery store. This is an example of which type of consumer sales promotion?
answer
Coupon and rebate
question
Paul sells wheelchairs to nursing care facilities. His sales territory is located in southern Florida. This is an example of which responsibility or decision of a sales force manager?
answer
Determine sales force structure
question
Coca-Cola recognized a need for more sales staff in the coastal areas of North Carolina during peak summer times. This is an example of which responsibility or decision of a sales force manager?
answer
Determine sales force structure
question
FedEx paid a fee to the Orange Bowl to purchase the exclusive naming rights to its bowl game, now named the FedEx Orange Bowl. This is an example of which public relations tool?
answer
Sponsorships
question
After selling 25 iPods, a salesperson receives an iPod car charger from the manufacturer. This is an example of which type of trade/industrial/business sales promotion?
answer
Free merchandise
question
Claudia works for IBM. She receives a set income each year for meeting her sales goals. This is an example of which responsibility or decision of a sales force manager?
answer
Compensation and motivation
question
Motion Industries sells bolts, washers, and other industrial parts to hundreds of manufacturers. Which style of communication between company and customer would be MOST beneficial?
answer
Advertising and sales promotion
question
ExxonMobil announced to its sales staff that it must increase revenues by six percent over the next year. This is an example of which responsibility or decision of a sales force manager?
answer
Define sales goal and processes
question
Kevin's manager has asked him to boost his sales to industrial manufacturers by ten percent in the next two years. This is an example of which responsibility or decision of a sales force manager?
answer
Define sales goals and processes
question
Lisa is a sales manager for Pfizer. She has been asked to make a presentation to a local hospital about the products her company offers. This is an example of which step in the selling process?
answer
Developing and proposing solutions
question
Daniel recently sold a new car to Wanda. As usual, he sends a gift basket and a note thanking her for the purchase and reminding her of the maintenance schedule. This is an example of which step in the selling process?
answer
Following up
question
Jim determined that his company should use local newspapers to target all of the consumers in a local market. Which important decision about media did he make?
answer
Type
question
Chick-fil-A gives one randomly selected person a chance to make a field goal kick and win $1,000,000. This is an example of which type of consumer sales promotion?
answer
Contest or sweepstakes
question
Oprah Winfrey has a book of the month club. The author traditionally appears on the Oprah show and discusses the book. This is an example of which public relations tool?
answer
Product placement
question
Ride Makerz is a unique interactive store where customers can custom build their own remote control toy car or truck. Which style of communication between company and customer would be MOST beneficial?
answer
Personal selling
question
Crest sent a single-use package of a new toothpaste product to every household in Wilmington. This is an example of which type of consumer sales promotion?
answer
Sampling
question
Costco Wholesale frequently offers a flat screen television for sale that requires the customer to purchase the product and mail-in proof-ofpurchase to receive cash back. This is an example of which type of consumer sales promotion?
answer
Coupon and rebate
question
Subway encourages consumers to "Eat Fresh!" This is an example of which creative decision made about advertising?
answer
Developing and evaluating advertising appeal
question
Sam works at Best Buy in the television department. He questions the customer in order to match his/her desires with the features, technical specifications, and warranties of a brand of television the store sells. This is an example of which step in the selling process?
answer
Approaching the customer and probing needs
question
Best Buy offers customers the opportunity to receive coupons or cash back on purchases by registering personal information and agreeing to receive promotional ads. This is an example of which type of consumer sales promotion?
answer
Loyalty and frequency programs
question
Harris Teeter offers customers the opportunity to enroll in its VIC system and accrue points redeemable for a free turkey at Thanksgiving. This is an example of which type of consumer sales promotion?
answer
Loyalty and frequency programs
question
When customers get a prescription filled at Target's pharmacy, the pharmacist will ask the customer if they have any questions and include a flyer with information containing when and how the prescription should be administered. This is an example of which public relations tool?
answer
Consumer education
question
Fox Broadcasting promotes its popular television program "American Idol" at various times during the weekend. This is an example of which major type of advertising?
answer
Product
question
John travels each year to the corporate headquarters for his company to learn about new methods to find customers and how he can better serve existing customers. This is an example of which responsibility or decision of a sales force manager?
answer
Recruitment and training
question
Be-Tween offers specialty clothing, gifts, and accessories to girls between ages 10 and 16. Which style of communication between company and customer would be MOST beneficial?
answer
Personal selling
question
The Charlotte Bobcats are in the process of deciding which soft drink vendor it should use in its arena. The Bobcats asked both Coke and Pepsi to discuss the features, benefits, and equipment options each provides. This is an example of which step in the selling process?
answer
Developing and proposing solutions
question
Kevin uses the telephone directory to call potential customers for his company. This is an example of which step in the selling process?
answer
Generating leads
question
Apple Computer trains its sales team to understand and convey to customers the key advantages its products has over other manufacturers' products. This is an example of which step in the selling process?
answer
Handling objectives
question
Every year, thousands of home builders from across the nation travel to Orlando in February to see the latest products and services offered by manufacturers. This is an example of which type of trade/industrial /business sales promotion?
answer
Meetings, conventions, trade shows
question
Chevrolet advertised its Malibu brand on Yahoo. This is an example of which major type of advertising?
answer
Product
question
Bank of America purchased the naming rights to a local sports event in North Carolina. This is an example of which major type of advertising?
answer
Institutional
question
"We at Hilton Hotels promise the best night's sleep of any major hotel chain, so you will be fresh in the morning!" This is an example of which creative decision made about advertising?
answer
Identifying the product benefits to customers
question
Hal informed his sales staff that the person with the highest sales margin during the month of May will receive two free airline tickets. This is an example of which responsibility or decision of a sales force manager?
answer
Compensation & motivation
question
Ted road-tested a minivan with a customer. He sits with the customer and discusses financing options and the warranty. This is an example of which step in the selling process?
answer
Closing the sale
question
Bill visits businesses in the Guilford County area in hopes of selling products for his company. This is an example of which step in the selling process?
answer
Generating leads
question
Cathy purchased a Dell computer for the first time. As part of the purchase, Dell provided an in-home teacher to help her learn the new features of the computer. This is an example of which public relations tool?
answer
Consumer education
question
Proctor & Gamble promotes its Tide brand during NASCAR races. This is an example of which major type of advertising?
answer
Product
question
Publisher's Clearinghouse offers customers a chance to become a millionaire if the customer provides personal information and agrees to receive promotional ads. This is an example of which type of consumer sales promotion?
answer
Contest or sweepstakes
question
Each December, Hannah meets with her sales staff individually to review his/her performance. This is an example of which responsibility or decision of a sales force manager?
answer
Sales force evaluation
question
The NC Optometric Society worked with state legislators and other government officials to pass a law requiring all public school students to have an eye exam. This is an example of which function of a public relations department?
answer
Lobbying
question
While at a Rotary Club meeting, Ted met an owner of a local restaurant. Ted informed the owner about the many different brands of glassware and dishes his company sold. This is an example of which step in the selling process?
answer
Qualifying leads
question
Tom was asked by his manager to review a retail customer's account and suggest what products might improve the sales margin. This is an example of which step in the selling process?
answer
Developing and proposing solutions
question
John recently opened a package shipping store. When he was setting up his business, UPS sent a representative to the store to help him understand how to use the scanners and scales required to ship via UPS. This is an example of which type of trade/industrial/business sales promotion?
answer
Training
question
Sam determined that his company should advertise its new product at the Daytona 500 to maximize the reach of the advertisement and increase the brand awareness. Which important decision about media did he make?
answer
Scheduling
question
Each year, Food City grocery store buys the naming rights to the NASCAR race at Bristol Motor Speedway. This is an example of which public relations tool?
answer
Sponsorships
question
Adam called the mall manager to ask if the landscaping job he had performed was satisfactory. This is an example of which step in the selling process?
answer
Following up
question
When customers purchase a Land Rover, they are given the opportunity to learn and test their skills and abilities on the Land Rover Driving Course. This is an example of which public relations tool?
answer
Consumer education
question
Hyundai Motor Company aired an advertisement comparing its company to other major brands. This is an example of which major type of advertising?
answer
Institutional
question
Pepsi ran a promotion at a local college football stadium and gave away free samples of its latest product. This event attracted several members of the local media. This is an example of which public relations tool?
answer
New-product publicity
question
Apple released a notice about its new music and video unit. This is an example of which function of a public relations department?
answer
Product publicity
question
Food Lion receives a discount on the costs of Coca-Cola products if it allows them to be placed on the end of an aisle. This is an example of which type of trade/industrial/business sales promotion?
answer
Trade allowances
question
Bausch & Lomb offered a free travel-sized version of its Renu contact lens solution with any purchase of a 12 oz bottle. This is an example of which type of consumer sales promotion?
answer
Premium
question
Lowes Home Improvement sells lumber, plumbing supplies, and lawn equipment. Which style of communication between company and customer would be MOST beneficial?
answer
Advertising and sales promotion
question
Bill has been working with a customer for over 20 minutes and asks, "Which color iPod would you like to purchase?" This is an example of which step in the selling process?
answer
Closing the sale
question
A local company recently issued a press release that it would be increasing salaries of its staff by 10%. This is an example of which function of a public relations department?
answer
Employee and investor relations
question
Sam's Wholesale allows manufacturers to give free samples and highlight the products' features and benefits to customers in its frozen foods section. This is an example of which type of trade/industrial /business sales promotion?
answer
Store demonstrations
question
John is a sales representative at a local Land Rover dealership. He is aware that the prices for his product are higher than other manufacturers, but is always quick to point out that safety and durability are central to Land Rovers mission. This is an example of which step in the selling process?
answer
Handling objectives
question
A customer can go online and purchase a computer from Dell and have it shipped to his/her home within a few days. This is an example of which marketing channel structure?
answer
Consumer products
question
Bill works for the Piggly Wiggly Grocery distribution center. His role is to check all of the orders from manufacturers and store them in the correct location in the facility. This is an example of which logistical component of the supply chain?
answer
Warehousing and materials handling
question
Godiva Chocolate has an arrangement with Coca-Cola to distribute its Mocha blends of coffee through its connections with local convenience stores. This is an example of which marketing channel structure?
answer
Alternative channel arrangements
question
A major retailer receives all of its products for resale at one central location and uses its own fleet of trucks to deliver those products to regional distribution centers. The products are then delivered to retail outlets via local delivery agents. This is an example of which logistical component of the supply chain?
answer
Transportation
question
Old Navy allows customers to purchase the same product online or in its retail store. This is an example of which marketing channel structure?
answer
Alternative channel arrangements
question
Sara Lee Corporation only orders the raw materials it needs for production over the next week, to ensure fresh, quality products. This is an example of which logistical component of the supply chain?
answer
Production scheduling
question
Starbucks is interested in distributing a new coffee drink in the northeastern U.S. This is an example of which factor affecting channel choice?
answer
Market
question
Progress Energy sells electricity to customers. When a customer turns on the lights in the house, the electricity flows from Progress Energy to the house via electrical wires and other technical components. This is an example of which logistical component of the supply chain?
answer
Transportation
question
Motion Industries provides parts and safety equipment from suppliers to local manufacturers. This is an example of which marketing channel structure?
answer
Business or industrial products
question
Land Rover will only allow Land Rover dealerships to sell its new SUVs. This is an example of which level of distribution intensity?
answer
Exclusive
question
John decided to purchase a bedroom set from Rooms-to-Go online. He visited the website, found the product he desired, and made the purchase using his credit card. This is an example of which logistical component of the supply chain?
answer
Order processing
question
GE began developing and manufacturing a set of inexpensive lights to be used in most homes during the holidays in December. GE is warehousing the product in anticipation of consumer demand in November and December. In this scenario, channel members are affecting the distribution process by:
answer
Overcoming discrepancies
question
SUPERfeet Premium Shoe Insoles are only sold at specialty retailers in each city. This is an example of which level of distribution intensity?
answer
Selective
question
Christian Louboutin offers shoes with a trademark red sole. The company only offers its products in a few Neiman Marcus and Nordstrom locations, as well as other exclusive boutiques. This is an example of which level of distribution intensity?
answer
Selective
question
Dunkin Donuts distributes its coffee through its retail stores, grocery stores, and now wholesale clubs. This is an example of which level of distribution intensity?
answer
Intensive
question
Chuck's Sports Memorabilia sells baseball cards, autographed footballs, and NASCAR driver uniforms on the Internet. It can be classified as which type of retail operation?
answer
Nonstore retail
question
Olive Garden sells salads, pasta meals, and desserts. It can be classified as which major type of retail operations?
answer
Restaurant
question
Dunkin Donuts allows individuals to build and operate a Dunkin Donuts store for a fee. This can be classified as which major type of retail operation?
answer
Franchise
question
Albert's Designer Stationary sells greeting cards, letterhead, and wedding invitations. It can be classified as which major type of retail operations?
answer
Speciality store
question
Dippin' Dots Ice Cream uses vending machines in malls, office buildings, and theme parks to sell its product. It can be classified as which type of retail operation?
answer
Nonstore retail
question
Han Dee Hugo carries soft drinks, water, candy, and automotive fuel. It can be classified as which major type of retail operations?
answer
Convenience store
question
CVS focuses its product sales on prescription medicines, greetings cards, and cosmetics. CVS can be classified as which major type of retail operations?
answer
Drugstore
question
Sears carries cosmetics, clothing, and lawn and garden tools. Sears can be classified as which major type of retail operations?
answer
Department store
question
Costco sells groceries, mattresses, and computers. It can be classified as which major type of retail operations?
answer
Discount store
question
An exclusive clothing store targets 35 to 60 year-old males with an average annual income of at least $90,000. This is an example of which external environmental factor affecting companies?
answer
Demographics
question
In order to bring an automobile into the U.S. for resale, a Japanese-based company must pay the U.S. government a tax. This is an example of which external environmental factor affecting companies?
answer
Political and legal considerations
question
Before entering a new market in Canada, a furniture manufacturer sends its staff to determine the current trends of the target market. This is an example of which external environmental factor affecting companies?
answer
Cultural
question
Currently, U.S. companies are not allowed to sell products in Cuba due to trade restrictions. This is an example of which external environmental factor affecting companies?
answer
Political and legal considerations
question
When ABC Computers imports components from a Chinese-based company, the U.S. government charges the Chinese manufacturer a tax. This is an example of which external environmental factor affecting companies?
answer
Political and legal considerations
question
A designer jean manufacturer charges a much higher price in the U.S. than in Russia. This is an example of which external environmental factor affecting companies?
answer
Economic and technological development
question
In 2004, the European Union expanded allowing citizens in Poland to purchase goods from Italy without exchanging currency or paying a customs duty. This is an example of which external environmental factor affecting companies?
answer
Political and legal considerations
question
General Mills introduced a new breakfast bar targeted to the Hispanic market. Before developing the bar, it test-marketed several flavors to ensure the product's success. This is an example of which external environmental factor affecting companies?
answer
Cultural
question
In the early 1990s, Canada, the U.S., and Mexico agreed to open the borders and ease restrictions on import/exporting. This is an example of which external environmental factor affecting companies?
answer
Political and legal considerations
question
Dove soap released a new product designed to relieve symptoms of people who suffer from severe skin allergies into the market. This is an example of which external environmental factor affecting companies?
answer
Demographics
question
Construction companies have to transport building materials by boat to build new hotels in the Bahamas. This is an example of which external environmental factor affecting companies?
answer
Natural resources
question
The CAFTA allows companies in Mexico to purchase components manufactured in Guatemala without a tariff. This is an example of which external environmental factor affecting companies?
answer
Political and legal considerations
question
Russia is the world's largest importer of cane sugar because it lacks the ability to produce enough internally to meet its consumers' needs. This is an example of which external environmental factor affecting companies?
answer
Natural resources
question
Legend says that Chevrolet struggled to sell the Nova brand in Latin America in the late 1960s due to the translation of the word Nova. This is an example of which external environmental factor affecting companies?
answer
Cultural
question
A major cellular phone provider decided to introduce a phone with larger buttons, more volume control, and extended battery life to appeal to the 65-plus age market. This is an example of which external environmental factor affecting companies?
answer
Demographics
question
In the European Union, workers are free to travel and live in any of the other 24 member countries without losing citizenship or rights. This is an example of which external environmental factor affecting companies?
answer
Political and legal considerations
question
In the late 1990s, fifteen countries in Europe agreed to open their borders to trade freely with each other. This is an example of which external environmental factor affecting companies?
answer
Political and legal considerations
question
In 2005, the U.S. entered a trade agreement with Honduras. The result is a reduction in tariffs on exports to Honduras. This is an example of which external environmental factor affecting companies?
answer
Political and legal considerations
question
A French fragrance manufacturer planned to build 50 retail stores in the U.S. This is an example of which entry strategy option for the global marketplace?
answer
Direct investing
question
To help make the European consumer more aware of its product, the NFL is scheduling a regular-season football game in countries in Europe for the next several years. This is an example of which global marketing mix element?
answer
Place
question
A major U.S. manufacturer of handbags built a production facility and ten retail stores in Italy. This is an example of which entry strategy option for the global marketplace?
answer
Direct investing
question
A U.S.-based automobile manufacturer decided to build a production facility in Mexico and intends to sell them exclusively in that country. This is an example of which entry strategy option for the global marketplace?
answer
Direct investing
question
Many Japanese tourists to the U.S. purchase jeans, shoes, and other apparel to take home because the exchange rate makes the products more affordable. This is an example of which global marketing mix element?
answer
Price
question
A manufacturer in Canada agreed to pay Major League Baseball six percent of its retail sales in order to use the MLB trademarks baseballs and bats for resale. This is an example of which entry strategy option for the global marketplace?
answer
Licensing and franchising
question
Sara Lee Bakery imports sugar from Mexico to use in its production of cheesecake, pound cake, and other dessert products at its Wales facility. This is an example of which global marketing mix element?
answer
Product
question
A major record label decided to pay FedEx to deliver its cds to retail stores in Australia. This is an example of which global marketing mix element?
answer
Place
question
A medical manufacturing firm sold 250 hospital beds to a new hospital facility in China. This is an example of which entry strategy option for the global marketplace?
answer
Exporting
question
A manufacturer in Great Britain agreed to pay Disney three percent of its retail sales in order to use the Mickey Mouse trademark on stuffed toys for resale in Europe. This is an example of which entry strategy option for the global marketplace?
answer
Licensing and franchising
question
Ford decided to sell its new brand of hybrid car directly to consumers in France. This is an example of which entry strategy option for the global marketplace?
answer
Exporting
question
Cobalt Toothpaste has an arrangement with a production facility in Switzerland to manufacture, package, and distribute the Cobalt brand. This is an example of which entry strategy option for the global marketplace?
answer
Contract manufacturing
question
Keebler introduced a lower calorie brand of Fudge Stripes cookie into the German market. This is an example of which global marketing mix element?
answer
Product
question
When entering a foreign market for the first time, a company may choose to charge less for its products than in an established market. This is an example of which global marketing mix element?
answer
Price
question
Bed, Bath, and Beyond decided to build 30 stores in Russia. This is an example of which entry strategy option for the global marketplace?
answer
Direct investing
question
A popular country music group appeared on local television and radio programs before starting a tour in England. This is an example of which global marketing mix element? f which global marketing mix element?
answer
Promotion
question
Blue Cross and Blue Shield have decided to use an Internet advertisement targeted at the Latino market to make consumers aware of its new health plan offerings. This is an example of which global marketing mix element?
answer
Promotion
question
Proctor & Gamble hired a local shipping firm in India to deliver its retail products to local stores. This is an example of which global marketing mix element?
answer
Place