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WorksheetsChapter 8
Total questions: 76
Worksheet time: 4hrs 48mins
Which of the following is true with regard to products?
The quality of products is far more difficult to measure than that of services.
Products do not include experiences, organizations, persons, places, and ideas.
Products are not meant for sale in the market.
Products include services, events, persons, places, organizations, ideas, or a mixture of these.
Products refer to only those activities that are essentially intangible.
________________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.
Liabilities
Services
Brands
Consumer products
Specialty products
Marketing mix planning begins with
building an offering that brings value to target customers
finding a suitable promotion strategy for the product
setting a reasonable price for the product
selecting the right channel for distribution of the product
calculating the total costs involved in manufacturing the product
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?
breakfast cereal
rental car
free concert
shoes
haircut
Which of the following is an example of a pure tangible good?
a laptop with a comprehensive warranty for three years
an online shoe retailer that provides free home delivery
an agency that offers free legal advice
a credit card
a bag of potato chips
Which of the following product offerings is intangible?
a package of laundry detergent
an ink cartridge for a printer
a wool jacket
a gold ring
a taxi ride
Which of the following is a goods-and-services combination?
a bicycle
a milk shake at an ice cream store
chocolate chips
a train ride
a music lesson
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?"
an actual product
an augmented product
core customer value
co-branding
exchange value
Product planners need to consider products and services on three levels. At the second level, product planners must :
offer additional product support and after-sale services
identify the core customer value that consumers seek from the product
turn the core benefit into an actual product
find out how they can create the most satisfying brand experience
define the problem-solving benefits or services that consumers seek
Product planners need to consider products and services on three levels. At the third level, product planners must build
an actual product
an augmented product
core customer value
a brand personality
a basic product
If a consumer purchases a new flat-screen "smart" television, what is the augmented product involved?
connection to the world of entertainment
state-of the art technology
slick and attractive packaging
brand name
tech support and warranty
___________________are industrial products.
Major appliances
Laundry detergents
Life insurance policies
Office supplies
Legal services
Consumer products refer to
products purchased by consumers for further processing or for use in conducting a business
products and services bought by final consumers for personal consumption
primarily intangible offerings from marketers
raw materials as well as manufactured materials and parts
products that aid in the consumer's production or operations, including installations and accessory equipment
_____________are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort.
Unsought products
Capital items
Shopping products
Convenience products
Supplies and repair services
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
convenience
unsought
specialty
shopping
exclusive
A hickory rocking chair, handmade by an Amish woodcarver in Lancaster, Pennsylvania, from locally grown wood, is an example of a____________________
convenience product
capital item
service
specialty product
roduct attribute
_______________are consumer products that the consumer either does not know about or knows about but does not normally think about buying.
Specialty products
Convenience products
Unsought products
Shopping products
Capital items
_________________are the major marketing factors in the sale of most manufactured materials and parts.
Branding and advertising
Price and service
Sales promotion and advertising
Branding and packaging
Public relations and brand management
_____________________are industrial products that aid in the buyer's production or operations, including installations and accessory equipment.
Unsought products
Convenience products
Capital items
Specialty items
Repair items
Installations consist of _______________
highly priced luxury goods such as Rolex watches
portable office equipment such as computers
major purchases such as elevators
portable factory equipment such as hand tools
products such as insurance
Lubricants, coal, paper, and pencils are examples of
operating supplies
capital items
raw materials
specialty products
installations
_________________marketing consists of activities undertaken to create, maintain, or change the attitudes and behaviors of target consumers toward an organization.
Social network
Organization
Niche
Location
Concentrated
The advertising slogan, "We bring good things to life," used by General Electric to market itself, is an example of ... marketing.
person
corporate image
internal
place
niche
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.
Corporate image
Person
Social
Organization
Place
ourism Australia's global marketing campaign, "There's nothing like Australia" is an example of _______________marketing.
corporate image
person
organization
internal
place
Advertising campaigns involving issues ranging from health care, education, and environmental sustainability to human rights and personal safety can be classified under marketing.
corporate image
internal
social
place
person
Developing a product or service involves defining the benefits that it will offer. These benefits are communicated and delivered by
product labels
product attributes
support services
product packaging
branding
Product attributes include all of the following EXCEPT
style
design
price
features
quality
________________is an approach in which all the company's people are involved in constantly improving the quality of products, services, and business processes.
Business intelligence
Quality function deployment
Total quality management
Brand equity management
Product positioning
What are the two dimensions of product quality?
consistency and level
performance and conformanceC) design and innovation
conformance and stylefeature and design
design and innovation
_________________refers to freedom from defects and consistency in delivering a targeted level of performance.
Performance quality
Product style
Branding
Conformance quality
Product design
Style simply describes the ______________ of a product.
quality
appearance
utility
durability
long-term benefits
A good design begins with______________
brainstorming new product ideas
making prototypes of the planned product
identifying the most suitable and aesthetic packaging
brainstorming technical product specifications
observing and understanding customers and shaping their product-use experience
A ______________ is a name, term, sign, symbol, design, or a combination of these, that identifies the maker or seller of a product or service.
feature
brand
line extension
package
value chain
________________involves designing and producing the container or wrapper for a product.
Packaging
Patenting
Servicing
Co-branding
Labeling
A product's _______________ identifies the product or brand, describes several things about the product, and promotes the brand.
line extension
portfolio
label
design
feature
The first step in designing support services is to
add new services that will both delight customers and yield profits to the company
closely observe the product and pricing strategies of consumers
survey customers to assess the value of current services and obtain ideas for new ones
prevent brand dilution
encourage customers to try new products
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.
product line
line extension
private brand
multibrand
new brand
The major product line decision involves product __________________ , the number of items in the product line.
Features
line depth
line conformance
line length
packaging
____________________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
Market diversification
Brand extension
Product line filling
Upward product line stretching
Downward product line stretching
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
social marketing
product line filling
product line stretching
internal marketing
cannibalizatio
A ______________ consists of all the product lines and items that a particular seller offers for sale.
product mix
store brand
supply chain
value chain
line extension
Product mix refers to the number of different product lines the company carries.
length
height
width
consistency
depth
Product mix refers to the total number of items a company carries within its product lines.
length
depth
height
width
consistency
Product mix refers to the number of versions offered for each product in the line.
length
depth
height
width
consistency
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.
length
depth
consistency
width
height
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?
inseparability
variability
intangibility
perishability
heterogeneity
If a service employee provides the service, then the employee becomes a part of the service. This is an example of service
inseparability
variability
intangibility
perishability
heterogeneity
Service means that the quality of services depends on who provides them as well as when, where, and how they are provided.
inseparability
variability
intangibility
perishability
heterogeneity
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?
inseparability
variability
intangibility
perishability
heterogeneity
According to the service profit chain, superior internal service quality results in
lesser service value
increased word-of-mouth sales
reduced after-sale services
more satisfied, loyal, and hardworking employees
negative brand equity of newly launched products
The service profit chain includes internal service quality, satisfied and productive service employees, greater service value, healthy service profits and growth, and
higher market share
better paid employees
satisfied and loyal customers
increased manufacturing efficiency
higher morale
Through_________________ , a service firm orients and motivates its customer-contact employees and supporting service people to work as a team to provide customer satisfaction.
service inseparability
social marketing
service variability
internal marketing
corporate image marketing
means that service quality depends on the quality of buyer-seller interaction during the service encounter.
Interactive marketing
Service differentiation
Service productivity
Corporate image marketing
Traditional external marketing
Service companies can differentiate their offering by
having a lower price than their competitors
designing a superior delivery process
offering a stellar physical environment in which the product is delivered
developing innovative features
adopting a recognizable image
Service companies can differentiate their service delivery by
using symbols and logos
instituting a hierarchical organizational structure
offering innovative product features
de-emphasizing branding
having more able and reliable customer-contact people
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 :
product differentiation
good service recovery
multibranding
place marketing
co-branding
Service productivity can be increased by hiring new employees who will work harder, by giving up some quality, or by
using technology more effectively
outsourcing portions of the process to other firms
creating more self-serve opportunities for customers
reducing the number of products offered
increasing the price on some of the product line
Brand________________ is the differential effect that knowing the brand name has on customer response to the product and its marketing.
differentiation
knowledge
equity
personality
relevance
Which of the following is one of the four consumer perception dimensions used by ad agency Young & Rubicam to measure brand strength?
brand conformance
brand consistency
brand convenience
brand extension
brand relevance
Brand refers to how highly consumers regard and respect the brand.
esteem
conformance
differentiation
relevance
knowledge
Which of the following is true with regard to brand equity?
Brand equity refers to how much consumers know about the brand.d
High brand equity provides a company with many competitive advantages.
A brand has positive brand equity if consumers react less favorably to it than to an unbranded version.
Positive brand equity derives from low brand esteem.
The total financial value of a brand can be easily measured
The fundamental asset underlying brand equity is , the value of customer relationships
the customer mix
customer equity
the product experience
service variability
the service encounter
Which of the following is the lowest level on which marketers can position their brands in target customers' minds?
beliefs and values
product benefits
product attributes
after-sale services
brand equity
The strongest brands are positioned on
desirable benefit
good packaging
service inseparability
strong beliefs and values
product attributes
A good brand name should most likely be
trendy
complex
long
conventional
distinctive
An increasing number of retailers and wholesalers have created their own , also called store brands.
national brand
support brand
private brand
generic brand
manufacturer's brand
Costco's Kirkland Signature products are an example of a
national brand
support brand
private brand
generic brand
manufacturer's brand
Which of the following is true with regard to store brands?
Store brands have been declining in popularity and strength for more than two decades.
Store brands are also known as national brands.
Store brands are created and owned by resellers of a product or service.
Increasing consumer distrust toward store brands has led to a store-brand slump.
Store brands are growing far slower than manufacturer's brands.
Some companies obtain the rights to use the names or symbols previously created by other manufacturers for a fee. This process is known as
multibranding
positioning
segmenting
co-branding
licensing
_______________________occurs when two established brand names of different companies are used on the same product.
Market diversification
Niche marketing
Co-branding
Licensing
Cannibalization
______________________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.
Line extension
Megabranding
Interactive marketing
Internal marketing
Co-branding
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
line extension
brand extension
licensing
co-branding
cannibalization
Which of the following is a potential drawback of multibranding?
Multibranding tends to decrease brand loyalty.
Company resources are likely to be concentrated on a single brand.
Multibranding curbs the growth opportunities of established brands.
Each brand might obtain only a small market share, and none may be very profitable.
Multibranding causes companies to refrain from product diversification
Which of the following is an advantage offered by co-branding?
Manufacturers do not have to invest in creating their own brand names with co-branding.
Co-branding allows retailers to sell exclusive products that cannot be purchased from competitors.
Co-branding allows a company to expand its existing brand into a category it might otherwise have difficulty entering alone.
Co-branding dilutes brand equity and increases the appeal of store brands.
Co-branding does not involve complex legal contracts and licenses
While advertising campaigns can help create name recognition, brand knowledge, and perhaps even some brand preference, brands are not maintained by advertising but by
brand differentiation
line extensions
brand experiences
brand sponsorships
brand awareness
