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MARK101

Total questions: 10

Worksheet time: 4mins

Name
Class
Date
1.

“Impossible Is Nothing” is the tagline for which shoe brand?

a)
b)
c)
d)
2.

Which of the following is one of the reasons customer-engagement marketing has become more meaningful to organisations and consumers?

a)

It is easier to practice sustainability

b)

Customer life-time value is increased

c)

Consumers have more information

d)

Rapid globalisation

3.

Effective positioning begins with [BLANK] the company’s marketing offers in order to give consumers more perceived value.

a)

placing

b)

differentiating

c)

pricing

d)

promoting

4.

The cost of attracting new customers is thought to be ________ than the cost of retaining existing customers.

a)

2 times higher

b)

5 times higher

c)

10 times higher

d)

20 times higher

5.

You are an assistant marketing manager for a firm in a market with many low-margin customers. What type of relationship would it be most profitable for you to develop with these customers?

a)

basic relationships

b)

selective relationships

c)

community relationships

d)

club programs

6.

Focus group interviewing has become one of the major marketing research tools for gaining insight into consumer thoughts and feelings. However, if the sample size is small, a researcher would be most concerned about which of the following?

a)

orchestrating cooperation among participants

b)

finding a representative sample

c)

administering the questions

d)

generalising from the results

7.

Which of the following best describes the process of collecting and analysing data from all channels in the physical and digital arenas?

a)

Marketing analytics

b)

Big data

c)

Netnographics

d)

Ethnographics

8.

The reference group’s influence is likely to be greatest when the product is:

a)

visually conspicuous

b)

expensive

c)

an innovative product

d)

widely purchased

9.

In general, a company should enter only segments in which it can [BLANK].

a)

gain advantages over competitors

b)

offer lower prices

c)

offer superior customer value

d)

identify behaviours

10.

In consumer segmentation, many marketers believe that [BLANK] and [BLANK] provide the best basis for segmenting business markets.

a)

geographic; demographic segmentation

b)

buying behaviour; benefits

c)

user status; user loyalty

d)

income; usage rate