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Final Exam Review Fall 2020

Total questions: 55

Worksheet time: 42mins

Name
Class
Date
1.

Marketing research that answers questions that begin with “how many” or “how much”

a)

Quantitative Research

b)

Product Research

c)

Media Research

d)

Qualitative Research

2.

Marketing research that focuses on smaller number of people and tries to answer questions that begin with “Why” or “How”

a)

Attitude Research

b)

Qualitative Research

c)

Reliability

d)

Quantitative Research

3.

A question that asks respondents to choose an answer from possibilities given

a)

Forced-Choice Question

b)

Observation Method

c)

Primary Data

d)

Open-Ended Question

4.

A question that requires respondents to construct their own response

a)

Observation Method

b)

Open-Ended Questions

c)

Qualitative Research

d)

Forced-Choice Questions

5.

Group of people most likely to become customers, identified for a specific marketing program

a)

Target Market

b)

Marketing Research

c)

Primary Data

d)

Secondary Data

6.

When a research technique produces nearly identical results in repeated trials

a)

Validity

b)

Product Research

c)

Marketing Info System

d)

Reliability

7.
One of the advantages of reviewing secondary data it can be done quickly and easily. 
a)
True
b)
False 
8.
This is a small number of people who are brought together to discuss elements of a specific issue or problem.
a)
Focus Group
b)
Observation
c)
Survey
d)
Test Market
9.
This primary data collection method collects information by recording the actions of customers without interacting with or communicating with them
a)
Focus Group
b)
Observation
c)
Survey
d)
Test Market
10.
This is the gathering and interpreting of information about a market, about a product or service to be offered to that market, and about the customers for that product or service.
a)
Market Research     
b)
Industrial Management
11.
This is information that is collected for the first time to solve the problem being studied or for use in achieving the goal of the project.
a)
Primary Data
b)
Secondary Data
12.
This is information that is useful and has already been collected for another purpose.
a)
Primary Data
b)
Secondary Data
13.
The first step of the Marketing Research Process is
a)
Gathering primary data.     
b)
Defining the problem.
14.
What is the better definition of secondary research?
a)
Stealing someone else's information
b)
Using information that already exists
c)
Collecting new information
d)
Finding old research
15.
The change in climate of the city, where a product is being sold will affect the __________region of the marketing plan.
a)
Geographic
b)
Demographic
c)
Psychographic
d)
Telepathic
16.

Chad's interests are mainly partying every weekend this can help a marketer determine his ______.

a)

Psychographic criteria

b)

Geographic criteria

c)

Demographic criteria

d)

Behavioral criteria

17.

Ms. Montford's loyalty to purchasing only coach handbags will help in determining the_____ aspect of a Market Segmentation analysis.

a)

Target Market

b)

Behavioral

c)

Demographic

d)

Geographic

18.
_____________involves using a single marketing strategy to reach all customers.
a)
A Market Plan
b)
Keeping up with the trends
c)
Mass Marketing
d)
None of the above
19.
___________ is a method used to identify customers with similar wants and needs.
a)
Selling
b)
Planning
c)
Market Segmentation
d)
Sales pitch
20.

The term "Demographics" refers to

a)

Grouping potential customers based on their beliefs and preferences

b)

Grouping potential customers based on whether or not they have purchased a product in the past

c)

Grouping potential customers using statistical data such as age, race and gender

d)

Grouping potential customers based on where they live

21.

Target market is the group of customers at which a product or service is aimed at?

a)

True

b)

False

22.
SWOT stands for....
a)
Social Awareness Talents
b)
Social Weakness of Threats
c)
Strengths, Weakness, Opportunities, Threats
d)
None of the abobe
23.

Long-term, forward-looking approach to planning with the fundamental goal of achieving a sustainable competitive advantage.

a)

Advertisement

b)

Marketing

c)

Marketing Plan

d)

Marketing Strategy

24.

Comprehensive document or blueprint that outlines the advertising and marketing efforts for the coming year.

a)

Marketing Plan

b)

Market Research

c)

Marketing Strategy

d)

Product Testing

25.

Process of gathering, analyzing, and interpreting information about market, product, or service to be offered for sale in the market, about the past, present and potential customers for the product or service.

a)

MARKETING PLAN

b)

MARKET RESEARCH

c)

MARKETING STRATEGY

d)

PRODUCT TESTING

26.

item you can touch, such as donuts

a)

sales promotions

b)

advertising

c)

market research

d)

good

27.

Activity that is done for another person, ex. house cleaning

a)

service

b)

sales

c)

public relations

d)

marketing plan

28.

How and where the product will be made available to consumers in the market, selection of distribution channels, and partners

a)

Product

b)

Place

c)

Promotion

d)

Price

29.
The path a product takes from the producer to the consumer.
a)
target market
b)
market
c)
marketing concept
d)
channel of distribution
30.

What is not part of the official marketing mix (the 4Ps), but still an important part of the marketing strategy and plan?

a)

Product

b)

People

c)

Price

d)

Promotion

31.
When you see an advertisement for a store and decide to shop there, which element of the marketing mix has succeeded? 
a)
presentation
b)
product
c)
place
d)
promotion
32.

This analysis examines the opportunities and threats in the firm based on the different forces in the environment

a)

Internal analysis

b)

External analysis

33.

This analysis examines the strengths and weaknesses in the firm based on the different forces in the environment

a)

Internal analysis

b)

External analysis

34.

A sales representative approaches you in a store and offers to show you the newest Sony TV model which is currently own sale for 25% off. You view the TV and its features and decide to purchase and take it home. Which of the following selling processes does this scenario describe?

a)

Business to Business (B2B)

b)

Business to Consumer (B2C)

35.

Apple phones are made from various different parts, ranging from the screen, to the camera. Last year they purchased all of the newest I-phone model batteries from Amperex Technology Limited. Which of the following selling processes does this scenario describe?

a)

Business to Business (B2B)

b)

Business to Consumer (B2C)

36.

A credit union exists to serve its members and offer lower rates than traditional banks. Which of the following is the correct business structure of a credit union?

a)

Limited Liability Company

b)

Corporation

c)

Non-Profit

d)

Sole Proprietorship

37.

Which if the following options best describes EMPATHY?

a)

Patting someone on the shoulder when they are upset about missing a task deadline.

b)

Asking if everyone has the time and tools to complete a task then updating the teams plan as needed to help them succeed.

c)

Listening to a team member complain without interrupting.

d)

Giving detail job assignments to the team and telling them to call you later if they have a problem.

38.

Positive and controllable factors that contribute to the business’ success.

a)

Strength

b)

Weaknesses

c)

Opportunities

d)

Threats

39.

Negative factors that are beyond the control of the business.

a)

Strength

b)

Weaknesses

c)

Opportunities

d)

Threats

40.

Areas where you or your organization may be weaker than others.

a)

Strength

b)

Weaknesses

c)

Opportunities

d)

Threats

41.

Positive factors that are not within the control of the business.

a)

Strength

b)

Weaknesses

c)

Opportunities

d)

Threats

42.

The business has staff who are experienced and well – trained.

a)

Strength

b)

Weaknesses

c)

Opportunities

d)

Threats

43.

There are new technologies that are better and more advanced than what the business uses.

a)

Strength

b)

Weaknesses

c)

Opportunities

d)

Threats

44.

The government strongly supports small and medium enterprises to boost the growth of the businesses.

a)

Strength

b)

Weaknesses

c)

Opportunities

d)

Threats

45.

New and popular products are being introduced in the market from other competitors.

a)

Strength

b)

Weaknesses

c)

Opportunities

d)

Threats

46.

The business is located in an area that has many customers.

a)

Strength

b)

Weaknesses

c)

Opportunities

d)

Threats

47.

The establishment looks old and needs repairs.

a)

Strength

b)

Weaknesses

c)

Opportunities

d)

Threats

48.

The business space has a limited capacity to entertain many customers at the same time.

a)

Strength

b)

Weaknesses

c)

Opportunities

d)

Threats

49.

The small nature of the business enables it to provide excellent customer care because the small amount of work allows its staff to devote more time to customers.

a)

Strength

b)

Weaknesses

c)

Opportunities

d)

Threats

50.
Shelly will only buy Starbucks coffee is an example of
a)
brand position
b)
brand loyalty
c)
brand identity
d)
visual symbol
51.

SLOGAN

a)

A unique design symbol that helps identify the company visually. .

b)

The actual text of the ad.

c)

A catchphrase that evokes some kind of feeling about the company and the product.

d)

A short piece of text, usually in larger type, designed to be the first words the audience reads.

52.

COPY

a)

A unique design symbol that helps identify the company visually.

b)

A short piece of text, usually in larger type, designed to be the first words the audience reads.

c)

A catchphrase that evokes some kind of feeling about the company and the product.

d)

The actual text of the ad.

53.

LOGO

a)

A unique design symbol that helps identify the company visually.

b)

A catchphrase that evokes some kind of feeling about the company and the product.

c)

The actual text of the ad.

d)

Any drawing, photograph, illustration, chart, or other graphic that is designed to affect the audience in some purposeful way.

54.

Branding is

a)

the use of a name, design, symbol, or a combination of those elements that a sports or entertainment organization uses to help differentiate its products from the competition

b)

is a device that legally identifies ownership of a registered brand or trade name

c)

The process of working toward maximizing recognition of a particular brand

d)

Consumer preference for a particular brand as compared to competitor products or services

55.

When the questions in a questionnaire measure what was intended to be measured

a)

Observation Method

b)

Open-Ended Questions

c)

Validity

d)

Forced-Choice Questions