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Worksheets

Chapter 8

Total questions: 76

Worksheet time: 4hrs 48mins

Name
Class
Date
1.

Which of the following is true with regard to products?

a)

The quality of products is far more difficult to measure than that of services.

b)

Products do not include experiences, organizations, persons, places, and ideas.

c)

Products are not meant for sale in the market.

d)

Products include services, events, persons, places, organizations, ideas, or a mixture of these.

e)

Products refer to only those activities that are essentially intangible.

2.

________________are a form of product that consists of activities, benefits, or satisfactions offered for sale that are essentially intangible and do not result in the ownership of anything.

a)

Liabilities

b)

Services

c)

Brands

d)

Consumer products

e)

Specialty products

3.

Marketing mix planning begins with

a)

building an offering that brings value to target customers

b)

finding a suitable promotion strategy for the product

c)

setting a reasonable price for the product

d)

selecting the right channel for distribution of the product

e)

calculating the total costs involved in manufacturing the product

4.

Market offering includes everything from pure tangible goods to pure services, as well as combinations of goods and services. Which of the following is NOT a product or service?

a)

breakfast cereal

b)

rental car

c)

free concert

d)

shoes

e)

haircut

5.

Which of the following is an example of a pure tangible good?

a)

a laptop with a comprehensive warranty for three years

b)

an online shoe retailer that provides free home delivery

c)

an agency that offers free legal advice

d)

a credit card

e)

a bag of potato chips

6.

Which of the following product offerings is intangible?

a)

a package of laundry detergent

b)

an ink cartridge for a printer

c)

a wool jacket

d)

a gold ring

e)

a taxi ride

7.

Which of the following is a goods-and-services combination?

a)

a bicycle

b)

a milk shake at an ice cream store

c)

chocolate chips

d)

a train ride

e)

a music lesson

8.

Product planners need to consider products and services on three levels. Each level adds more customer value. The most basic level is , which addresses the question, "What is the buyer really buying?"

a)

an actual product

b)

an augmented product

c)

core customer value

d)

co-branding

e)

exchange value

9.

Product planners need to consider products and services on three levels. At the second level, product planners must :

a)

offer additional product support and after-sale services

b)

identify the core customer value that consumers seek from the product

c)

turn the core benefit into an actual product

d)

find out how they can create the most satisfying brand experience

e)

define the problem-solving benefits or services that consumers seek

10.

Product planners need to consider products and services on three levels. At the third level, product planners must build

a)

an actual product

b)

an augmented product

c)

core customer value

d)

a brand personality

e)

a basic product

11.

If a consumer purchases a new flat-screen "smart" television, what is the augmented product involved?

a)

connection to the world of entertainment

b)

state-of the art technology

c)

slick and attractive packaging

d)

brand name

e)

tech support and warranty

12.

___________________are industrial products.

a)

Major appliances

b)

Laundry detergents

c)

Life insurance policies

d)

Office supplies

e)

Legal services

13.

Consumer products refer to

a)

products purchased by consumers for further processing or for use in conducting a business

b)

products and services bought by final consumers for personal consumption

c)

primarily intangible offerings from marketers

d)

raw materials as well as manufactured materials and parts

e)

products that aid in the consumer's production or operations, including installations and accessory equipment

14.

_____________are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort.

a)

Unsought products

b)

Capital items

c)

Shopping products

d)

Convenience products

e)

Supplies and repair services

15.

Erica wants to replace her old washing machine with a new one. In order to get the maximum value for her money, she plans to spend substantial time and effort in gathering information and making product comparisons before making the actual purchase. In this instance, Erica is planning to buy a(n)_________________ product

a)

convenience

b)

unsought

c)

specialty

d)

shopping

e)

exclusive

16.

A hickory rocking chair, handmade by an Amish woodcarver in Lancaster, Pennsylvania, from locally grown wood, is an example of a____________________

a)

convenience product

b)

capital item

c)

service

d)

specialty product

e)

roduct attribute

17.

_______________are consumer products that the consumer either does not know about or knows about but does not normally think about buying.

a)

Specialty products

b)

Convenience products

c)

Unsought products

d)

Shopping products

e)

Capital items

18.

_________________are the major marketing factors in the sale of most manufactured materials and parts.

a)

Branding and advertising

b)

Price and service

c)

Sales promotion and advertising

d)

Branding and packaging

e)

Public relations and brand management

19.

_____________________are industrial products that aid in the buyer's production or operations, including installations and accessory equipment.

a)

Unsought products

b)

Convenience products

c)

Capital items

d)

Specialty items

e)

Repair items

20.

Installations consist of _______________

a)

highly priced luxury goods such as Rolex watches

b)

portable office equipment such as computers

c)

major purchases such as elevators

d)

portable factory equipment such as hand tools

e)

products such as insurance

21.

Lubricants, coal, paper, and pencils are examples of

a)

operating supplies

b)

capital items

c)

raw materials

d)

specialty products

e)

installations

22.

_________________marketing consists of activities undertaken to create, maintain, or change the attitudes and behaviors of target consumers toward an organization.

a)

Social network

b)

Organization

c)

Niche

d)

Location

e)

Concentrated

23.

The advertising slogan, "We bring good things to life," used by General Electric to market itself, is an example of ... marketing.

a)

person

b)

corporate image

c)

internal

d)

place

e)

niche

24.

marketing consists of activities undertaken to create, maintain, or change attitudes toward particular people. People ranging from presidents, entertainers, and sports figures to professionals such as doctors, lawyers, and architects use it to build their reputations.

a)

Corporate image

b)

Person

c)

Social

d)

Organization

e)

Place

25.

ourism Australia's global marketing campaign, "There's nothing like Australia" is an example of _______________marketing.

a)

corporate image

b)

person

c)

organization

d)

internal

e)

place

26.

Advertising campaigns involving issues ranging from health care, education, and environmental sustainability to human rights and personal safety can be classified under marketing.

a)

corporate image

b)

internal

c)

social

d)

place

e)

person

27.

Developing a product or service involves defining the benefits that it will offer. These benefits are communicated and delivered by

a)

product labels

b)

product attributes

c)

support services

d)

product packaging

e)

branding

28.

Product attributes include all of the following EXCEPT

a)

style

b)

design

c)

price

d)

features

e)

quality

29.

________________is an approach in which all the company's people are involved in constantly improving the quality of products, services, and business processes.

a)

Business intelligence

b)

Quality function deployment

c)

Total quality management

d)

Brand equity management

e)

Product positioning

30.

What are the two dimensions of product quality?

a)

consistency and level

b)

performance and conformanceC) design and innovation

c)

conformance and stylefeature and design

d)

design and innovation

31.

_________________refers to freedom from defects and consistency in delivering a targeted level of performance.

a)

Performance quality

b)

Product style

c)

Branding

d)

Conformance quality

e)

Product design

32.

Style simply describes the ______________ of a product.

a)

quality

b)

appearance

c)

utility

d)

durability

e)

long-term benefits

33.

A good design begins with______________

a)

brainstorming new product ideas

b)

making prototypes of the planned product

c)

identifying the most suitable and aesthetic packaging

d)

brainstorming technical product specifications

e)

observing and understanding customers and shaping their product-use experience

34.

A ______________ is a name, term, sign, symbol, design, or a combination of these, that identifies the maker or seller of a product or service.

a)

feature

b)

brand

c)

line extension

d)

package

e)

value chain

35.

________________involves designing and producing the container or wrapper for a product.

a)

Packaging

b)

Patenting

c)

Servicing

d)

Co-branding

e)

Labeling

36.

A product's _______________ identifies the product or brand, describes several things about the product, and promotes the brand.

a)

line extension

b)

portfolio

c)

label

d)

design

e)

feature

37.

The first step in designing support services is to

a)

add new services that will both delight customers and yield profits to the company

b)

closely observe the product and pricing strategies of consumers

c)

survey customers to assess the value of current services and obtain ideas for new ones

d)

prevent brand dilution

e)

encourage customers to try new products

38.

A _____________ is a group of products that are closely related because they function in a similar manner, are sold to the same customer groups, are marketed through the same type of outlets, or fall within given price ranges.

a)

product line

b)

line extension

c)

private brand

d)

multibrand

e)

new brand

39.

The major product line decision involves product __________________ , the number of items in the product line.

a)

Features

b)

line depth

c)

line conformance

d)

line length

e)

packaging

40.

____________________Titan Inc., an automobile manufacturer based in Utah, recently added two new models to its existing line of sedans in order to increase profits and satisfy dealers. This is an example of

a)

Market diversification

b)

Brand extension

c)

Product line filling

d)

Upward product line stretching

e)

Downward product line stretching

41.

Proton Corp. is an automobile manufacturer known for producing efficient, durable, and low-priced cars. Recently, the company launched a new range of luxury cars to broaden its market appeal and to add prestige to its existing line of cars. This is an example of

a)

social marketing

b)

product line filling

c)

product line stretching

d)

internal marketing

e)

cannibalizatio

42.

A ______________ consists of all the product lines and items that a particular seller offers for sale.

a)

product mix

b)

store brand

c)

supply chain

d)

value chain

e)

line extension

43.

Product mix refers to the number of different product lines the company carries.

a)

length

b)

height

c)

width

d)

consistency

e)

depth

44.

Product mix refers to the total number of items a company carries within its product lines.

a)

length

b)

depth

c)

height

d)

width

e)

consistency

45.

Product mix refers to the number of versions offered for each product in the line.

a)

length

b)

depth

c)

height

d)

width

e)

consistency

46.

The _______________ of the product mix refers to how closely related the various product lines are in end use, production requirements, distribution channels, or some other way.

a)

length

b)

depth

c)

consistency

d)

width

e)

height

47.

Tristan and Juliet, a newly married couple who intend to go to Egypt for their honeymoon, bought a Europe travel package on Jizo Inc., an online travel site. As they have never seen Europe or used the services of Jizo before, they were largely dependent on other customers' feedback and signals for service quality. Which of the following characteristics of service is highlighted in this instance?

a)

inseparability

b)

variability

c)

intangibility

d)

perishability

e)

heterogeneity

48.

If a service employee provides the service, then the employee becomes a part of the service. This is an example of service

a)

inseparability

b)

variability

c)

intangibility

d)

perishability

e)

heterogeneity

49.

Service means that the quality of services depends on who provides them as well as when, where, and how they are provided.

a)

inseparability

b)

variability

c)

intangibility

d)

perishability

e)

heterogeneity

50.

Alex Smith rents storage space to college students who go home for the summer but do not want to haul all of their property home and back. The business is profitable during the summer months, but when the storage space is unoccupied in the off-season, Alex loses money. Which of the following characteristics of service is most likely the source of Alex's problem?

a)

inseparability

b)

variability

c)

intangibility

d)

perishability

e)

heterogeneity

51.

According to the service profit chain, superior internal service quality results in

a)

lesser service value

b)

increased word-of-mouth sales

c)

reduced after-sale services

d)

more satisfied, loyal, and hardworking employees

e)

negative brand equity of newly launched products

52.

The service profit chain includes internal service quality, satisfied and productive service employees, greater service value, healthy service profits and growth, and

a)

higher market share

b)

better paid employees

c)

satisfied and loyal customers

d)

increased manufacturing efficiency

e)

higher morale

53.

Through_________________ , a service firm orients and motivates its customer-contact employees and supporting service people to work as a team to provide customer satisfaction.

a)

service inseparability

b)

social marketing

c)

service variability

d)

internal marketing

e)

corporate image marketing

54.

means that service quality depends on the quality of buyer-seller interaction during the service encounter.

a)

Interactive marketing

b)

Service differentiation

c)

Service productivity

d)

Corporate image marketing

e)

Traditional external marketing

55.

Service companies can differentiate their offering by

a)

having a lower price than their competitors

b)

designing a superior delivery process

c)

offering a stellar physical environment in which the product is delivered

d)

developing innovative features

e)

adopting a recognizable image

56.

Service companies can differentiate their service delivery by

a)

using symbols and logos

b)

instituting a hierarchical organizational structure

c)

offering innovative product features

d)

de-emphasizing branding

e)

having more able and reliable customer-contact people

57.

Apollo Couriers, a company providing international express mail services, has a proactive customer communications team. The primary job of this team is to identify situations that led to customer dissatisfaction, and then provide quick remedies to fix the problems. To a great extent, this has helped Apollo in winning customer loyalty. In this instance, Apollo has benefitted from :

a)

product differentiation

b)

good service recovery

c)

multibranding

d)

place marketing

e)

co-branding

58.

Service productivity can be increased by hiring new employees who will work harder, by giving up some quality, or by

a)

using technology more effectively

b)

outsourcing portions of the process to other firms

c)

creating more self-serve opportunities for customers

d)

reducing the number of products offered

e)

increasing the price on some of the product line

59.

Brand________________ is the differential effect that knowing the brand name has on customer response to the product and its marketing.

a)

differentiation

b)

knowledge

c)

equity

d)

personality

e)

relevance

60.

Which of the following is one of the four consumer perception dimensions used by ad agency Young & Rubicam to measure brand strength?

a)

brand conformance

b)

brand consistency

c)

brand convenience

d)

brand extension

e)

brand relevance

61.

Brand refers to how highly consumers regard and respect the brand.

a)

esteem

b)

conformance

c)

differentiation

d)

relevance

e)

knowledge

62.

Which of the following is true with regard to brand equity?

a)

Brand equity refers to how much consumers know about the brand.d

b)

High brand equity provides a company with many competitive advantages.

c)

A brand has positive brand equity if consumers react less favorably to it than to an unbranded version.

d)

Positive brand equity derives from low brand esteem.

e)

The total financial value of a brand can be easily measured

63.

The fundamental asset underlying brand equity is , the value of customer relationships

a)

the customer mix

b)

customer equity

c)

the product experience

d)

service variability

e)

the service encounter

64.

Which of the following is the lowest level on which marketers can position their brands in target customers' minds?

a)

beliefs and values

b)

product benefits

c)

product attributes

d)

after-sale services

e)

brand equity

65.

The strongest brands are positioned on

a)

desirable benefit

b)

good packaging

c)

service inseparability

d)

strong beliefs and values

e)

product attributes

66.

A good brand name should most likely be

a)

trendy

b)

complex

c)

long

d)

conventional

e)

distinctive

67.

An increasing number of retailers and wholesalers have created their own , also called store brands.

a)

national brand

b)

support brand

c)

private brand

d)

generic brand

e)

manufacturer's brand

68.

Costco's Kirkland Signature products are an example of a

a)

national brand

b)

support brand

c)

private brand

d)

generic brand

e)

manufacturer's brand

69.

Which of the following is true with regard to store brands?

a)

Store brands have been declining in popularity and strength for more than two decades.

b)

Store brands are also known as national brands.

c)

Store brands are created and owned by resellers of a product or service.

d)

Increasing consumer distrust toward store brands has led to a store-brand slump.

e)

Store brands are growing far slower than manufacturer's brands.

70.

Some companies obtain the rights to use the names or symbols previously created by other manufacturers for a fee. This process is known as

a)

multibranding

b)

positioning

c)

segmenting

d)

co-branding

e)

licensing

71.

_______________________occurs when two established brand names of different companies are used on the same product.

a)

Market diversification

b)

Niche marketing

c)

Co-branding

d)

Licensing

e)

Cannibalization

72.

______________________occurs when a company introduces additional items in a given product category under the same brand name, such as new flavors, forms, colors, ingredients, or package sizes.

a)

Line extension

b)

Megabranding

c)

Interactive marketing

d)

Internal marketing

e)

Co-branding

73.

Symmonds Inc., a company manufacturing breakfast cereals, has extended its special Crispo cereal brand into a full line of breakfast cereals plus protein shakes, fruit and sandwich spreads, butter, and doughnuts. This is an example of

a)

line extension

b)

brand extension

c)

licensing

d)

co-branding

e)

cannibalization

74.

Which of the following is a potential drawback of multibranding?

a)

Multibranding tends to decrease brand loyalty.

b)

Company resources are likely to be concentrated on a single brand.

c)

Multibranding curbs the growth opportunities of established brands.

d)

Each brand might obtain only a small market share, and none may be very profitable.

e)

Multibranding causes companies to refrain from product diversification

75.

Which of the following is an advantage offered by co-branding?

a)

Manufacturers do not have to invest in creating their own brand names with co-branding.

b)

Co-branding allows retailers to sell exclusive products that cannot be purchased from competitors.

c)

Co-branding allows a company to expand its existing brand into a category it might otherwise have difficulty entering alone.

d)

Co-branding dilutes brand equity and increases the appeal of store brands.

e)

Co-branding does not involve complex legal contracts and licenses

76.

While advertising campaigns can help create name recognition, brand knowledge, and perhaps even some brand preference, brands are not maintained by advertising but by

a)

brand differentiation

b)

line extensions

c)

brand experiences

d)

brand sponsorships

e)

brand awareness