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HRM ELEC 4 MIDTERM EXAM

Total questions: 35

Worksheet time: 25mins

Name
Class
Date
1.

Marketing satisfy human needs and wants through the exchange process and the building of long-term relationships.

a)

TRUE

b)

FALSE

2.

The marketing concept emphasizes customer orientation and coordination of marketing activities to achieve the marketing goals and objectives.

a)

TRUE

b)

FALSE

3.

The place is the key element that the customer wants to buy that is worth his money.

a)

TRUE

b)

FALSE

4.

Marketing is moving away from a focus on building value-laden relationships and marketing networks towards a focus on individual transactions.

a)

TRUE

b)

FALSE

5.

Relationship marketing is oriented more towards the short-term.

a)

TRUE

b)

FALSE

6.

Relationship marketing includes activities aimed at developing and managing trusting and short-term relationships with smaller customers.

a)

TRUE

b)

FALSE

7.

In a business world, retaining customers has a greater cost at least eight times compared to acquiring new ones.

a)

TRUE

b)

FALSE

8.

Traditional marketing strategy offers products and services based on what the target market desires rather than what the company wants them to have.

a)

TRUE

b)

FALSE

9.

Our contemporary marketing world now features advanced marketing skills and an improved marketing mix.

a)

TRUE

b)

FALSE

10.

Giving customers an opportunity to participate means personalizing the benefits of the company's environmentally friendly actions.

a)

TRUE

b)

FALSE

11.

Relationship marketing involves a company refining the way they do business in order to maximize the value of that relationship for the customer.

a)

TRUE

b)

FALSE

12.

CRM weds the individual customer and technology in ways that are unique.

a)

TRUE

b)

FALSE

13.

Competitors provide a competitive advantage.

a)

TRUE

b)

FALSE

14.

The marketing plan is your approach to achieving your competitive advantage, the marketing strategy contains the activities that will get you there.

a)

TRUE

b)

FALSE

15.

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.

a)

TRUE

b)

FALSE

16.

CUSTOMER VALUE = BENEFITS minus (a)  

17.

BENEFIT OF RELATIONSHIP MARKETING


Understanding (a)   characteristics

18.

BENEFIT OF RELATIONSHIP MARKETING


Delivery and meeting (a)  

19.

BENEFIT OF RELATIONSHIP MARKETING


Word-of- (a)   marketing

20.

BENEFIT OF RELATIONSHIP MARKETING


Product (a)   expansion

21.

CHARACTERISTIC OF RELATIONSHIP MARKETING


It relies more on (a)   and learning than on talking

22.

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?

a)

Basic

b)

Reactive

c)

Accountable

d)

Proactive

23.

Which of the following DOES NOT belong to the group?

a)

Creating

b)

Communication

c)

Delivering

d)

Value

24.

Who are considered to be influencers and models for they spread good things about your company and your services?

a)

Community

b)

Customers

c)

Competitors

d)

Companions

25.

Relationships are based on ________________________

a)

Competitive advantage

b)

Customer service

c)

Communication

d)

Customer's needs

26.

It consists of measuring and evaluating the results of plans and activities and taking corrective action to make sure objectives are being achieved.

a)

Analysis

b)

Planning

c)

Implementation

d)

Control

27.

It is the process of developing and maintaining a strategic fit between the organization's goals and capabilities and its changing marketing opportunities.

a)

Strategic plan

b)

Long-range plan

c)

Annual plan

d)

Marketing plan

28.

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.

a)

Planning

b)

Organizing

c)

Staffing

d)

Controlling

29.

Which of the following is the "Why" behind your marketing efforts?

a)

Marketing plan

b)

Marketing strategy

c)

Strategic plan

d)

Tactical plan

30.

What theory proposes products or services fall into one of four categories depending on the market and the product released?

a)

ASOOF'S MATRIX THEORY

b)

ANSOF'S MATRIX THEORY

c)

ANSOFF'S MATRIX THEORY

d)

ASNOFF'S MATRIX THEORY

31.

What do we call the higher-level human needs as they appeal more to emotions?

a)

Marketing

b)

Needs

c)

Preferences

d)

Wants

32.

One concept of marketing is that, marketing must be (a)   oriented.

33.

Which traditional approach views that organizations must satisfy the needs of consumers in a manner that gives for society's benefit?

a)

Production concept

b)

Sales concept

c)

Societal marketing concept

d)

Marketing concept

34.

These are the SMART targets for marketing that can be used to track performance against targets.

a)

Vision

b)

Mission

c)

Objectives

d)

Goals

35.

These are used to check that the marketing activities of a company are on track.

a)

Factors for developing marketing concepts

b)

Key performance indicators

c)

B2B marketing

d)

B2C marketing