Marketing Grewal Chapter 1 – Flashcards

Unlock all answers in this set

Unlock answers
question
Serena studies her customer profiles, market research data, complaints, and other information, attempting to better understand what her customers want. Serena operates in the __________ era of marketing.
answer
Value-Based
question
If a radio station holds an online contest in which you must log in to its website and submit personal details such as name, phone number, and email to participate, the radio station is
answer
offering an exchange
question
Jeff is going to sell sporting apparel, which he has already purchased from manufacturers, and has signed a deal agreeing to the volume he will sell monthly. He has researched his competition, talked to some customers, and decided on prices he will charge. Jeff has also developed a plan for promoting his business. Based on this description, which element of the marketing mix does Jeff still need to work on?
answer
Place
question
Melanie works for a small computer software company. Her boss is constantly improving its products but neglecting customers, billing, and promoting the company. Her boss is probably stuck in the __________ era of marketing.
answer
Production-Oriented
question
During the __________ era, manufacturers and retailers began to focus on what consumers wanted and needed before they designed, made, or attempted to sell their products.
answer
Market-Oriented
question
The Got Milk advertising campaign, designed to increase consumption of milk, was intended to help market a(n)
answer
Industry
question
Trey sells consumer electronics. He knows his customers weigh the costs versus the benefits associated with the different options available. He decides which products to offer and what prices to charge based on the way his customers think. Trey operates as if he were in the __________ era.
answer
value-based
question
UPS, FedEx, DHL, and other shipping companies support other firms' __________ marketing goals.
answer
Supply Chain Management
question
During the __________ era, manufacturers and retailers began to focus on what consumers wanted and needed before they designed, made, or attempted to sell their products.
answer
Market-Oriented
question
Many catalog companies create special-run issues based on what customers have purchased in the past. For example, customers who frequently order bedding items like sheets and pillows receive a catalog with a larger section of bedding items than do customers who mostly order kitchen tools. This is an example of
answer
customer relationship management
question
The importance of supply chain management is often overlooked in the study of marketing because
answer
many of the activities take place behind the scenes.
question
After the previous sales representative in his territory infuriated an important customer, Benjamin visited the customer once a month, never asking for business but hoping to rebuild trust through listening and expressing concern. Finally, after more than two years, the customer gave Benjamin an order. Benjamin was providing the important marketing function of
answer
engaging customers and developing long-term relationships.
question
The Got Milk advertising campaign, designed to increase consumption of milk, was intended to help market a
answer
Industry
question
Even though they operate from out-of-the-way airports and offer few extra services, discount, no-frill airlines like Ryanair and EasyJet have been successful. Consumers obviously consider
answer
the benefit of lower prices to be greater than the cost of reduced services and less convenience.
question
During the __________ era, manufacturers and retailers recognized they needed to give their customers greater value than their competitors did.
answer
value-based marketing
question
At one point in the evolution of marketing , the united states entered a buyer's market and the customer became king. Which era is being described?
answer
Market Oriented
question
Greenbelt Construction has been a successful small home-building firm for years. The owner pays subcontractors slightly more than the usual rate for different tasks, reducing the company's gross margin. Greenbelt rarely changes subcontractors, has relatively few complaints from home buyers, and is able to get quick responses from subcontractors when buyers do have problems. Greenbelt is engaged in
answer
Effective supply chain management
question
Traditionally, marketing activities have been divided into product, price, place, and promotion. Select the term that best describes the four Ps.
answer
Marketing Mix
question
-Whenever Valerie has a new massage therapy customer, she invites the person to be on her e-mail distribution list. In the process, in addition to exchanging her massage therapy service for payment, Valerie is gathering
answer
Information
question
Many universities provide physical or electronic bulletin boards to facilitate ride-sharing and exchange of used books among students. These bulletin boards increase __________ marketing.
answer
C2C
Get an explanation on any task
Get unstuck with the help of our AI assistant in seconds
New