MKTG Business – Exam 3 – Flashcards

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Important social media to be considered by B2B marketers would be focused on
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[e] All of the above
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Social media
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[c] facilitate targeted, personalized contact across the customer experience landscape.
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In designing advertising strategy, the business marketer should first:
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[c] determine advertising objectives.
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Advertising objectives are typically stated in terms of:
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[d] communication goals.
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____ provides the guidelines for company and advertising agency personnel on how the product is to be "positioned" in the marketplace.
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[a] The creative strategy statement
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A useful method for determining the size of the business or industrial advertising budget is:
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[a] the objective-task method.
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In formulating advertising messages, the business marketer should:
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[e] none of the above
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The most successful advertisements directed at business customers tend to focus on:
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[c] product benefits.
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Which method for determining advertising expenditures focuses on the communications effects of advertising, not on the sales effects?
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[d] objective-task
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Concerning business-to-business advertising media, _____ publications are directed at a specific industry and may be read by everyone from foreman to company president.
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[d] vertical
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Concerning business-to-business advertising media, the publications Purchasing, Advertising Age, and Materials Handling Engineering would be classified as a:
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[c] Horizontal Publication
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Concerning business-to-business advertising media, _____ publications are directed at a specific task, technology, or function, whatever the industry.
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[c] Horizontal
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Concerning the allocation of the publication budget among various journals,
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[b] the cost-per-thousand calculation should be based on circulation to the target audience.
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In evaluating the effectiveness of a business-to-business advertising program, the manager should center on:
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[d] both (b) and (c) - awareness & knowledge
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Measuring industrial advertising effectiveness involves an assessment of advertising's impact on:
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[c] intervening variables in the buyer's purchase decision process.
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An advertising evaluation program would include an assessment of:
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[e] all of the above
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The cost of reaching a prospect at a trade show is approximately:
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[c] $250
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Which of the following statements concerning trade shows is(are) accurate?
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[d] all of the above
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In deciding which trade shows to attend, some business marketing strategists turn to reports published by Exhibit Surveys, Inc., a company that surveys trade show audiences. One useful measure that they provide isolates the percentage of the show audience that has decision authority for the types of products being exhibited. This is called:
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[e] Net Buying Influences.
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The final, and critical, step for managing Business-to-Business advertising is:
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[d] evaluating the effectiveness of the campaign
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An advertising objective must:
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[d] all of the above
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Which of the following statements regarding advertising expenditures is incorrect?
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[a] Because advertising is a relatively large part of the total marketing budget for business firms, managers tend to follow simple rules of thumb (e.g., allocate 1% of sales to advertising).
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The Objective-Task method addresses the major problem of the rule-of-thumb methods by applying funds to accomplish a specific goal:
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[a] so that advertising is a determinant of those results.
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The formula for calculating adverting cost is:
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[a] Cost per thousand = Cost per page / Circulation in thousands.
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Direct mail is commonly used for:
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[d] all of the above.
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Which of the following statements regarding direct mail is incorrect?
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[b] Direct mail is a viable medium when potential buyers cannot be clearly identified.
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An e-mail list can be created by:
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[d] all of the above
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An evaluation of an advertising campaign will usually measure:
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[d] all of the above
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In deciding which trade shows to attend, some business marketing strategists turn to reports published by Exhibit Surveys, Inc., a company that surveys trade show audiences. One useful tool that they provide measures the percentage of the audience planning to buy the products being exhibited within the next 12 months. This is called:
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[c] Total Buying Plans.
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A model of "lead efficiency" is calibrated using the firm's:
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[e] a and c only
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Which of the following statements is (are) true about the Internet's impact on marketing communications?
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[d] all of the above
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Which of the following are advantages of the objective-task method of setting advertising budgets?
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[a] Advertising is determinant of results, not a consequence.
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The important elements of perception include:
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[a] attention
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Horizontal publications are more effective for business marketers when:
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[e] only b and c
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Characteristics of effective B2B print ads include:
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[e] only a and b
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Recent research has indicated that the indirect communication effects of advertising include:
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[e] only a and b
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The benefits of having a trade show exhibit to business marketers include:
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[d] all of the above
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Which of the following factors should be considered when planning an effective trade show communications strategy?
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[d] all of the above
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Which of the following represent common trade-show objectives?
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[d] all of the above
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Indices of trade show performance include:
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[d] all of the above
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High-performing salespeople are generally set apart from low performing sales people on the basis of:
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[b] their ability to recruit desired ad hoc members on to their sales team
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Expertise coordination is the process of
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[c] diagnosing customer requirements and assembling an ad hoc team of internal experts who possess the skills to deliver a superior customer solution.
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The best practices of high-performing salespeople can provide
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[e] a template for improving the client management process.
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The product-oriented sales organization presents which of the following disadvantages?
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[e] both and c
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When each industrial salesperson performs all of the selling tasks associated with all of the firm's products, and performs these tasks for all customers in a particular territory, the sales force is organized on:
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[c] a geographical basis
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The geographical sales organization structure presents which of the following disadvantages?
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[e] a and c only
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By organizing its sales force around retailing, financial services, and the petroleum industry, Hewlett-Packard is employing the _____ approach in structuring the sales force.
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[c] market-centered
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Effective sales training:
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[d] all of the above
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Salespersons tend to have a high level of job satisfaction when:
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[d] all of the above
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Sales managers use a variety of measures to evaluate salesperson performance. When the measurement system is behavior-based, the sales manager:
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[c] monitors and directs the activities of salespeople.
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Both behavior-based and outcome-based measures are used by sales managers to evaluate salesperson performance. When the system is outcome-based, the sales manager:
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[a] employs objective measures (sales results, market share gains) to evaluate performance.
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In the sales performance literature, recent evidence suggests that a strict reliance on the ____ measurement approach may not produce the desired sales or marketing results because it "has lulled some sales executives into thinking that important sales outcomes could be reasonably accomplished without intense management reinforcement."
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[d] outcome-based
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The _____ measurement approach of salesperson performance is best suited for the emerging emphasis on relationship selling.
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[b] behavior-based
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Using the behavior-based measurement approach to salesperson performance, sales managers:
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[e] all of the above
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Concerning the level of sales that a salesperson might achieve in a particular territory, which specific territory traits appear to be most important?
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[b] potential, concentration, dispersion
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The characteristic of a sales territory that refers to the degree to which potential is available in the larger accounts in a particular territory is called:
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[c] concentration
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The sales resource grid indicates that a particular territory (planning and control unit) possesses high PCU opportunity but low sales organization strength. This suggests which of the following sales resource assignments?
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[c] Either direct a high level of sales resources to improve position and take advantage of opportunity or shift resources to other planning and control units.
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The sales resource grid indicates that a particular territory (planning and control unit) possesses low PCU opportunity but high sales organization strength. This suggests which of the following sales resource assignments?
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[d] Invest a moderate level of sales resources to maintain current position.
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The primary objective of the organizational selling center include:
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[d] all of the above
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A _____ sales organization is especially appropriate when the product line is large or diverse.
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[b] product oriented
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A key account represents a customer who:
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[c] involves several organizational members in the purchasing process.
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Responsibility for recruiting salespersons may lie with:
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[d] all of the above
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Motivation to perform is thought to be related strongly to:
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[d] a and b only
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Job satisfaction is theorized to decline when the salesperson's perception of his/her role is:
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[e] b and c only
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The sales resource grid indicates that a particular territory (planning and control unit) possesses high PCU opportunity and high sales organization strength. This suggests which of the following sales resource assignments?
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[a] Invest a high level of sales resources to take advantage of opportunity.
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The sales resource grid indicates that a particular territory (planning and control unit) possesses low PCU opportunity and low sales organization strength. This suggests which of the following sales resource assignments?
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[c] Invest a minimal level of sales resources, selectively eliminate resource coverage, or possibly eliminate the PCU.
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_____ is a measure of the total business opportunity for all sellers in a particular market.
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[a] Potential
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The final phase of for selecting key accounts:
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[c] considers the degree to which the transactions with potential customer will complement the economies of the seller's business.
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The first phase of for selecting key accounts:
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[b] centers on the profit potential of a customer.
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The second phase of for selecting key accounts:
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[b] identifies those customer accounts that have unique support requirements.
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Organization of the sales force depends on the:
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[d] all of the above
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A key account represents a customer who:
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[c] purchases a significant volume as a percentage of a seller's total sales.
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When compared to a traditional selling focus, a key account selling focus is different in which of the following ways?
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[e] only a and b
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Research suggests that successful national account units:
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[d] all of the above
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Which of the following topics must be part of a business firm's salesperson training programs?
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[d] all of the above
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_____ is the amount of effort a salesperson desires to expend on each of the activities or tasks associated with his or her job.
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[b] motivation
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A salesperson's job performance is a function of:
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[e] only b and c
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When a salesperson attains rewards on a personal basis, such as feelings of accomplishment or self-worth, this is a an example of:
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[a] internally mediated rewards.
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Which of the following are influences on the potential level of sales in a particular territory?
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[d] all of the above
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To identify coverage gaps across territories and to better match sales resources with market opportunity, the GE process for accomplishing territory alignment involves
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[d] all of the above
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The balanced scorecard measures the performance of a business unit from:
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[d] all of the above
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The level of marketing control that examines whether the strategy is being implemented as planned and whether it produces the intended results is termed:
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[a] strategic control
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The level of marketing control that examines how well resources have been utilized in each element of the marketing strategy is:
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[c] efficiency and effectiveness control.
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The ____ is a comprehensive, periodic and systematic evaluation of the firm's marketing operation which analyzes the market environment and the firm's internal marketing activities.
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[b] marketing audit
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The purpose of annual plan control is to:
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[d] examine whether the planned performance standards are being achieved.
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If a business marketer is particularly concerned with over- or under- spending on a particular marketing strategy element, such as advertising, which of the following tools would be most useful?
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[a] expense-to-sales ratio analysis
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If a business marketer is concerned with how the firm is performing relative to competition, which of the following tools would be most useful?
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[c] market share analysis
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____ is an assessment of how the firm is doing relative to competition.
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[d] Market share analysis
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St. Paul Equipment Company experienced a 15 percent sales gain that, on the surface, appears favorable. However, if total industry sales are up 30 percent, an analysis of ____ could suggest that the firm has not fared well relative to competitors.
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[c] market share
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Flagstaff Electrical Supply wonders whether they are spending too much or too little on various elements in their marketing program. Which of the following tools would appear to be most appropriate in examining the efficiency of operations?
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[c] expense-to-sales ratio analysis
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_____ reveals the links between performing particular activities and the demands that those activities make on the organization's resources.
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[d] An activity-based cost system
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Which of the following statements concerning an activity-based cost (ABC) system is(are) correct?
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[e] a and c only
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Using this approach, the costs of producing a printed circuit board are determined by first evaluating the activities required to produce the board and then costing out each of the activities. This describes:
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[b] an activity-based cost system
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The process that translates marketing plans into action assignments and ensures that such assignments are executed in a manner to accomplish a plan's defined objectives is called:
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[b] marketing implementation
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If marketing implementation is poor:
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[e] a and b only
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Which of the following could assume a role in the marketing strategy center?
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[e] all of the above
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_____ provides a visual representation of the cause-and-effect relationships among the components of a company's strategy.
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[a] A Strategy Map
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Marketing managers who are flexible and intelligent in dealing with the firm's information and control systems are exhibiting good _____ skills.
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[a] monitoring
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Which of the following are steps in the planning process that utilizes the Balanced Scorecard and a Strategy Map to build a tightly integrated marketing strategy?
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[d] all of the above
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When using strategy maps, shareholder value can be created via:
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[e] only a and b
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The _____ of the Balanced Scorecard describes the human capital, information capital, and organizational capital that must be aligned with strategy.
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[c] internal perspective
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Which of the following are interrelated evaluations that are required to design a marketing strategy?
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[e] all of the above
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_____ represents the portion of total purchases in a product and service category that a customer makes from the firm.
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[a] share-of-wallet
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The major forms of marketing control are:
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[c] both a and b
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The primary levels of marketing control include:
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[e] all of the above
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Examples of product measures for efficiency and effectiveness control include which of the following?
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[a] Sales by market segments.
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The goal of _____ is to describe where the firm is making or losing money in terms of the important segments of its business.
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[d] profitability control
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Research has shown that which of the following are important implementation skills for marketing managers?
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[d] all of the above
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To be successful, successful business marketing managers:
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[e] only a and b
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The ____ of the Balanced Scorecard describes the expected outcomes of strategy, such as revenue growth or productivity improvements.
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[a] financial perspective
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The primary responsibility for strategic control typically lies with:
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[a] top management.
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