MGMT 333 – Flashcards

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An organization's strengths and weaknesses come from:
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the internal environment only
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which of the following builds the budget from a logical base with what is to be accomplished as the starting point?
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objective and task method
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Best Buy uses the ______ model: Everyone in the organization has a role in social media. Any employee can sign up to respond to customer queries on Twitter.
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distributed structure
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The uncontrollable elements that influence how well the firm operates reside in the:
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external environment only
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The final stage of the strategic planning process is to:
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execute and measure the campaign
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Which of the following characteristics is unique to the target audience's social profile?
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active communities
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A propagation brief is based on planning for:
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the people that your target audience will reach
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______ is the term used to describe the research stage of the plan.
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Discovery
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The three tiers of strategic planning, in order from beginning to end, are:
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corporate level, business level, and functional areas
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A _____ highlights relevant aspects of the firm's internal and external environment that could affect the organization's choices, capabilities, and resources.
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SWOT analysis
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The "S" in SWOT analysis stands for:
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Strengths
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The three basic models for a social media structure within an organization are:
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centralized, distributed, and combination
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WHich of the following is traditionally defined in a brand's marketing plan of a target audience before a social profile is developed?
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the target market's product-usage situations
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Which of the following statements is FALSE? -djkfjdlkfj - dkjfkdj
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most marketers currently use social media marketing tactics on a strategic level
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The GEICO gecko is a ______ in that he gives the company a head start in terms of consumer recognition as it tries to break through the clutter of competing messages.
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creative asset
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______ is the percentage of advertising for a brand compared to competing brands.
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share of voice
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WHich of the following terms describes the process of identifying objectives to accomplish, deciding how to accomplish those objectives with specific strategies and tactics, implementing the actions that make the plan come to life, and measuring how well the plan met the objectives?
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strategic planning
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WHich of the following is a key aspect of a firm's external environment?
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its competition
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Which of the following questions should a competitive social media analysis answer? -in which social media channels and specific vehicles are competitors active? -How do competitors present themselves in those channels and vehicles? - Who are competitors' fans and followers? - How do fans and followers respond to the competitors brand's social activity?
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ALL of these
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All of the following questions create answers that form the basis for a propagation brief EXCEPT: -Who is the target audience? -Is there another group of people who can persuade the target audience to follow them? - What content will be needed? - What are our competitors doing in terms of social marketing? -How will experience engagement be extended and shared throughout the social channels?
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What are our competitors doing in terms of social marketing?
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An example of a stunt was when SKITTLES let its social media presence take over its website.
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TRUE
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Most companies are in the strategic phase of the social media marketing maturity life cycle.
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FALSE
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A company's competitors are a part of its external environment
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TRUE
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Julie, the CEO, decides to have the marketing department report all social media marketing activities to her quarterly. Julie has set up a distributed social media structure
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FALSE
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Julie, the CEO, decides to create a social media marketing committee pulling employees from accounting, finance, IT, marketing, and management. Julie is using a center of excellence model.
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TRUE
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Reviewing the position is NOT a necessary step in preparing a social media marketing strategy.
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FALSE
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"To inspire happiness throughout the world by creating hope and wisdom on our company's Facebook page" is an example of actionable objective created by a company.
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FALSE
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Best Buy lets any employee post comments on their company Facebook page. They have implemented a centralized social media structure.
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FALSE
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Share of voice is the percentage of positive responses a company collects on a social media site, such as Facebook.
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FALSE
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Julie, the CEO, decides to create a social media marketing committee which will report its practices to all company departments, which will then incorporate social media into its own executions. Julie has set up a combination social media structure.
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TRUE
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Which of the following depicts an organization in the trial phase of the social media marketing maturity life cycle?
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experimenting with cool new social media ways to communicate
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Starbucks decides to allocate 30% of their online marketing funding to social media. This decision represents a variation of which of the following?
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percentage of ad spend method
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In the _______ model, the social media department functions at a senior level that reports to the CMO (Chief Marketing Officer) or CEO and is responsible for all the social media activations.
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centralized structure
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An organization's opportunities and threats come from:
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the external environment only
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The "O" in a SWOT analysis stands for:
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opportunities
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A ______ is an organizational document that explains the rules and procedures for social media activity for the organization and its employees.
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social media policy
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Management in a firm cannot control:
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its opportunities and threats
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Coca-Cola increases their budget for social media marketing so that its respective social media marketing budget outweighs Pepsi's social media marketing budget. Which of the following is being characterized in this scenario?
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competitive parity method
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The social media mix is composed of:
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social communities, social publishing, social entertainment, and social commerce
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______ drive a brand's paid and owned media, extend a brand's story, and foster social experiences
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Creative assets
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Benjamin Moore featured experts-designers, architects, and contractors- who all endorsed the Benjamin Moore brand in their marketing campaign. These authority-based testimonials made up the ______
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creative message strategy
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Which of the following statements is TRUE?
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social media is not Free
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Apple's "the computer for the rest of us" statement is an example of a positioning statement.
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TRUE
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Because social media is an infancy stage right now, companies do not need to worry too much about creating social media policies for its employees.
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TRUE
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Retail Therapy, an existing social game, would be an example of a choice categorized under the social media mix.
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TRUE
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A company's competitors are a part of its external environment.
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TRUE
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Most companies are in the strategic phase of the social media marketing maturity life cycle
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FALSE
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An example of a Love Mark is Harley Davidson.
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TRUE
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An example of social media marketing objective would be to increase sales revenue.
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TRUE
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