WorksheetsHRM ELEC 4 MIDTERM EXAM
Total questions: 35
Worksheet time: 25mins
Marketing satisfy human needs and wants through the exchange process and the building of long-term relationships.
TRUE
FALSE
The marketing concept emphasizes customer orientation and coordination of marketing activities to achieve the marketing goals and objectives.
TRUE
FALSE
The place is the key element that the customer wants to buy that is worth his money.
TRUE
FALSE
Marketing is moving away from a focus on building value-laden relationships and marketing networks towards a focus on individual transactions.
TRUE
FALSE
Relationship marketing is oriented more towards the short-term.
TRUE
FALSE
Relationship marketing includes activities aimed at developing and managing trusting and short-term relationships with smaller customers.
TRUE
FALSE
In a business world, retaining customers has a greater cost at least eight times compared to acquiring new ones.
TRUE
FALSE
Traditional marketing strategy offers products and services based on what the target market desires rather than what the company wants them to have.
TRUE
FALSE
Our contemporary marketing world now features advanced marketing skills and an improved marketing mix.
TRUE
FALSE
Giving customers an opportunity to participate means personalizing the benefits of the company's environmentally friendly actions.
TRUE
FALSE
Relationship marketing involves a company refining the way they do business in order to maximize the value of that relationship for the customer.
TRUE
FALSE
CRM weds the individual customer and technology in ways that are unique.
TRUE
FALSE
Competitors provide a competitive advantage.
TRUE
FALSE
The marketing plan is your approach to achieving your competitive advantage, the marketing strategy contains the activities that will get you there.
TRUE
FALSE
Your plan is your detailed campaign of what you will do, where you will do it, when you will implement it, and how you will track success.
TRUE
FALSE
CUSTOMER VALUE = BENEFITS minus (a)
BENEFIT OF RELATIONSHIP MARKETING
Understanding (a) characteristics
BENEFIT OF RELATIONSHIP MARKETING
Delivery and meeting (a)
BENEFIT OF RELATIONSHIP MARKETING
Word-of- (a) marketing
BENEFIT OF RELATIONSHIP MARKETING
Product (a) expansion
CHARACTERISTIC OF RELATIONSHIP MARKETING
It relies more on (a) and learning than on talking
Which level of relationship does a salesperson sells the product and encourages the customer to call whenever he or she has any questions or problems?
Basic
Reactive
Accountable
Proactive
Which of the following DOES NOT belong to the group?
Creating
Communication
Delivering
Value
Who are considered to be influencers and models for they spread good things about your company and your services?
Community
Customers
Competitors
Companions
Relationships are based on ________________________
Competitive advantage
Customer service
Communication
Customer's needs
It consists of measuring and evaluating the results of plans and activities and taking corrective action to make sure objectives are being achieved.
Analysis
Planning
Implementation
Control
It is the process of developing and maintaining a strategic fit between the organization's goals and capabilities and its changing marketing opportunities.
Strategic plan
Long-range plan
Annual plan
Marketing plan
It is the process of predicting future events and conditions and of determining the best way to attain the goals and objectives of the organization.
Planning
Organizing
Staffing
Controlling
Which of the following is the "Why" behind your marketing efforts?
Marketing plan
Marketing strategy
Strategic plan
Tactical plan
What theory proposes products or services fall into one of four categories depending on the market and the product released?
ASOOF'S MATRIX THEORY
ANSOF'S MATRIX THEORY
ANSOFF'S MATRIX THEORY
ASNOFF'S MATRIX THEORY
What do we call the higher-level human needs as they appeal more to emotions?
Marketing
Needs
Preferences
Wants
One concept of marketing is that, marketing must be (a) oriented.
Which traditional approach views that organizations must satisfy the needs of consumers in a manner that gives for society's benefit?
Production concept
Sales concept
Societal marketing concept
Marketing concept
These are the SMART targets for marketing that can be used to track performance against targets.
Vision
Mission
Objectives
Goals
These are used to check that the marketing activities of a company are on track.
Factors for developing marketing concepts
Key performance indicators
B2B marketing
B2C marketing
