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WorksheetsFinal Exam Review Fall 2020
Total questions: 55
Worksheet time: 42mins
Marketing research that answers questions that begin with “how many” or “how much”
Quantitative Research
Product Research
Media Research
Qualitative Research
Marketing research that focuses on smaller number of people and tries to answer questions that begin with “Why” or “How”
Attitude Research
Qualitative Research
Reliability
Quantitative Research
A question that asks respondents to choose an answer from possibilities given
Forced-Choice Question
Observation Method
Primary Data
Open-Ended Question
A question that requires respondents to construct their own response
Observation Method
Open-Ended Questions
Qualitative Research
Forced-Choice Questions
Group of people most likely to become customers, identified for a specific marketing program
Target Market
Marketing Research
Primary Data
Secondary Data
When a research technique produces nearly identical results in repeated trials
Validity
Product Research
Marketing Info System
Reliability
Chad's interests are mainly partying every weekend this can help a marketer determine his ______.
Psychographic criteria
Geographic criteria
Demographic criteria
Behavioral criteria
Ms. Montford's loyalty to purchasing only coach handbags will help in determining the_____ aspect of a Market Segmentation analysis.
Target Market
Behavioral
Demographic
Geographic
The term "Demographics" refers to
Grouping potential customers based on their beliefs and preferences
Grouping potential customers based on whether or not they have purchased a product in the past
Grouping potential customers using statistical data such as age, race and gender
Grouping potential customers based on where they live
Target market is the group of customers at which a product or service is aimed at?
True
False
Long-term, forward-looking approach to planning with the fundamental goal of achieving a sustainable competitive advantage.
Advertisement
Marketing
Marketing Plan
Marketing Strategy
Comprehensive document or blueprint that outlines the advertising and marketing efforts for the coming year.
Marketing Plan
Market Research
Marketing Strategy
Product Testing
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.
MARKETING PLAN
MARKET RESEARCH
MARKETING STRATEGY
PRODUCT TESTING
item you can touch, such as donuts
sales promotions
advertising
market research
good
Activity that is done for another person, ex. house cleaning
service
sales
public relations
marketing plan
How and where the product will be made available to consumers in the market, selection of distribution channels, and partners
Product
Place
Promotion
Price
What is not part of the official marketing mix (the 4Ps), but still an important part of the marketing strategy and plan?
Product
People
Price
Promotion
This analysis examines the opportunities and threats in the firm based on the different forces in the environment
Internal analysis
External analysis
This analysis examines the strengths and weaknesses in the firm based on the different forces in the environment
Internal analysis
External analysis
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?
Business to Business (B2B)
Business to Consumer (B2C)
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?
Business to Business (B2B)
Business to Consumer (B2C)
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?
Limited Liability Company
Corporation
Non-Profit
Sole Proprietorship
Which if the following options best describes EMPATHY?
Patting someone on the shoulder when they are upset about missing a task deadline.
Asking if everyone has the time and tools to complete a task then updating the teams plan as needed to help them succeed.
Listening to a team member complain without interrupting.
Giving detail job assignments to the team and telling them to call you later if they have a problem.
Positive and controllable factors that contribute to the business’ success.
Strength
Weaknesses
Opportunities
Threats
Negative factors that are beyond the control of the business.
Strength
Weaknesses
Opportunities
Threats
Areas where you or your organization may be weaker than others.
Strength
Weaknesses
Opportunities
Threats
Positive factors that are not within the control of the business.
Strength
Weaknesses
Opportunities
Threats
The business has staff who are experienced and well – trained.
Strength
Weaknesses
Opportunities
Threats
There are new technologies that are better and more advanced than what the business uses.
Strength
Weaknesses
Opportunities
Threats
The government strongly supports small and medium enterprises to boost the growth of the businesses.
Strength
Weaknesses
Opportunities
Threats
New and popular products are being introduced in the market from other competitors.
Strength
Weaknesses
Opportunities
Threats
The business is located in an area that has many customers.
Strength
Weaknesses
Opportunities
Threats
The establishment looks old and needs repairs.
Strength
Weaknesses
Opportunities
Threats
The business space has a limited capacity to entertain many customers at the same time.
Strength
Weaknesses
Opportunities
Threats
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.
Strength
Weaknesses
Opportunities
Threats
SLOGAN
A unique design symbol that helps identify the company visually. .
The actual text of the ad.
A catchphrase that evokes some kind of feeling about the company and the product.
A short piece of text, usually in larger type, designed to be the first words the audience reads.
COPY
A unique design symbol that helps identify the company visually.
A short piece of text, usually in larger type, designed to be the first words the audience reads.
A catchphrase that evokes some kind of feeling about the company and the product.
The actual text of the ad.
LOGO
A unique design symbol that helps identify the company visually.
A catchphrase that evokes some kind of feeling about the company and the product.
The actual text of the ad.
Any drawing, photograph, illustration, chart, or other graphic that is designed to affect the audience in some purposeful way.
Branding is
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
is a device that legally identifies ownership of a registered brand or trade name
The process of working toward maximizing recognition of a particular brand
Consumer preference for a particular brand as compared to competitor products or services
When the questions in a questionnaire measure what was intended to be measured
Observation Method
Open-Ended Questions
Validity
Forced-Choice Questions
