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WorksheetsPrinciples of Marketing
Total questions: 20
Worksheet time: 12mins
Which of the following is NOT included in 5 Marketing Concepts?
Market
Customer needs, wants, & demands
Exchange
Customer Satisfaction
As per Dr. Piano, what is the equation for Customer Satisfaction?
CS=Performance>Expectation
CS=Performance<Expectation
CS=Benefits/Price
CS=Price/Benefits
Human _______ are states of felt deprivation and can include physical, social, and individual needs.
NEEDS
WANTS
PRICE
PLACE
Which of the following is NOT included in 4 P's of Marketing?
Promotion
Products
Place
Peace
_________ are the form human needs take as they are shaped by culture and individual personality.
Wants
Needs
Demands
Performance
_______ are human wants that are backed by buying power.
Needs
Wants
Demands
Market offerings
_________ are a combination of products, services, and experiences offered to a market to satisfy a need or want.
Market
Marketing offerings
Exchange
Value and Satisfaction
___________ are the acts of obtaining a desire object from someone by offering something in return.
Exchange
Market
Production
Advertisement
_________ is the set of all actual and potential buyers of a product or service.
Market
Product
Exchange
Needs
Which of the following is ONE of the 5 alternative concepts that companies use to carry out their marketing strategy?
Societal Marketing Concept
Placement Concept
Marketing Strategy
Customer Satisfaction
Which of the following is ONE of the 5 alternative concepts that companies use to carry out their marketing strategy?
Societal Marketing Concept
Placement Concept
Marketing Strategy
Customer Satisfaction
______________ is the overall process of building and maintaining profitable customer relationships by delivering superior customer value and satisfaction.
Customer service
Customer Relation
Customer Relationship Management
Customer
TRUE OR FALSE
PARTNER RELATIONSHIP MANAGEMENT means working closely with partners in other company departments and outside the company to jointly bring greater value to customers.
True
False
TRUE OR FALSE
The crucial part of building customer relation is to create superior customer-perceived-value.
True
False
Maybe
Not sure
___________ is the value of the entire stream of purchases that the customer would make over a lifetime of patronage.
Customer Lifehomes Value
Customer Needs
Customer Lifetime Value
Customer Satisfaction
TRUE OR FALSE
Good CRM can help to increase the share of customer.
True
False
TRUE OR FALSE
The most dramatic change in technology is internet
False
True
Products has 2 under category which is Tangible and ___________
Intangible
Promotion
Place
Price
The idea that consumers will not buy enough of the firm's product, unless it undertakes a large-scale selling and promotion effort.
Production Concept
Product Concept
Selling Concept
Marketing Concept
The idea that achieving organizational goals depends on knowing the needs, and wants of target market and delivering the desired satisfactions better than competitors do.
Production Concept
Product Concept
Societal Marketing Concept
Marketing Concept
