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MKT 243 Exam 2

Total questions: 39

Worksheet time: 20mins

Name
Class
Date
1.

A _____ is a group of products that are generally considered as substitutes for the other.

a)

Product class

b)

Product form

c)

Product brand

2.

The _____ is the specific product offered by a company.

a)

Product class

b)

Product form

c)

Product brand

3.

Which level of packaging do you see most of the time on store shelves?

a)

Secondary packaging

b)

Tertiary packaging

c)

Primary packaging

d)

None of these

4.

In what stage is the product first offered for sale commercially?

a)

Product development

b)

Maturity

c)

Introduction

d)

Decline

5.

Which of the following would be an expected attribute in a car?

a)

Smooth steering, braking, and safety system

b)

allows for personal transportation

c)

extra storage space

d)

feelings of being cool or trendy

6.

Which of these products is considered a specialty product?

a)

A screwdriver

b)

A BMW car

c)

A limited edition pair of Nike sneakers

d)

A first aid kit

7.

A _____ is a smaller segment of the product class.

a)

Product class

b)

Product form

c)

Product brand

8.

What is the main benefit a consumer gets from a product?

a)

Expected attribute

b)

Core benefit

c)

Add-on attribute

d)

Expected benefit

9.

You go to the store to buy groceries. It takes very little time for you to decide what to buy. What kind of consumer products are you buying?

a)

Shopping products

b)

Convenience products

c)

Specialty products

d)

Unsought products

10.

Which of the following is an example of a consumer packaged good (CPG)?

a)

An umbrella

b)

Flour

c)

Movie theater popcorn

d)

Doritos chips

11.

Your new pair of shoes can light up and play music. What product level would these attributes fall into?

a)

Core benefit

b)

Expected attribute

c)

Add-on attribute

d)

Necessary attribute

12.

Which of the following is NOT considered a characteristic of service?

a)

Perishability

b)

Durability

c)

Inseparability

d)

Variability

13.

Services primarily fall under which element of the 7Ps marketing mix?

a)

Place

b)

Process

c)

Price

d)

Produce

14.

Which of the following would be an add-on attribute in a car?

a)

Smooth steering, braking, and safety system

b)

allows for personal transportation

c)

extra storage space

d)

feelings of being cool or trendy

15.

The reality that complex services are often difficult to describe using words is representative of which characteristic of services?

a)

Intangibility

b)

Perishability

c)

Variability

d)

Inseparability

16.

In this branding strategy for a company, all company products (or family of products) are branded under a single brand identity. The products will likely have similar packaging and brand associations.

a)

Product Branding

b)

Individual Branding

c)

Sub-Branding

d)

Umbrella Branding

17.

The heart of services marketing is:

a)

Recovering quickly from service failures

b)

Minimizing Customer Lifetime Value

c)

Shortening the customer journey

d)

Consistently providing superior customer experiences

18.

How can a product manufacturer gain a competitive advantage while providing more value to customers?

a)

Copy the features of a market-leading product

b)

Lower product prices

c)

Bundle the product with a service

d)

Move the product manufacturing offshore

19.

Which of the following is an example of a service?

a)

Subscribing to a razor blade delivery service, such as Dollar Shave Club

b)

Purchasing a candy bar

c)

Buying a new smartphone

d)

All of these are examples of services

20.

You are a store owner with an extra budget. What could be a smart strategic move to draw customers to your physical store?

a)

Invest in a fun, in-store experience

b)

Add services customers value

c)

Feature local brands in the store

d)

All of these are correct

21.

What is a downside of an individual branding strategy?

a)

Time

b)

Cost

c)

Unsuccessful

d)

Distribution

22.

Which of the following is not a step in creating a brand?

a)

Communicate the brand

b)

Create brand identity

c)

Fulfill brand promises

d)

Market brand identity

23.

_____ with brands help to create associations, and _____ can help influence those associations.

a)

Experiences, advertisements

b)

Advertisements, brand image

c)

Brand image, experiences

d)

Advertisements, experiences

24.

A brand can include which of the following?

a)

Name

b)

Mark

c)

Logo

d)

All of these

25.

Measuring _____ determines how well consumers can identify a brand.

a)

Brand awareness

b)

Customer satisfaction

c)

Customer awareness

d)

Brand recall

26.

Your core service offering has been experiencing frequent service failures, and customer satisfaction is at risk. What tool or approach should you use to solve this problem?

a)

Customer journey map

b)

Service blueprint

c)

Pricing focus group

d)

Pre-purchase evaluation

27.

What is it called when an institution develops a company-wide brand but also brands (groups of) products individually?

a)

Unendorsed branding

b)

Micro-branding

c)

Sub-branding

d)

House of brands strategy

28.

The drawing shown above is an example of which marketing tool to help illustrate branding?

a)

A word cloud

b)

A brand associations map

c)

A brand awareness chart

d)

A brand recognition chart

29.

Your company sends out this survey question pictured above. Which element of a brand are they measuring?

a)

Brand awareness - Recall

b)

Brand awareness - Recognition

c)

Brand emotion

d)

Brand differentiation

30.

Chapter 9 discussed shifts in consumer behavior. Which of the following did NOT see an increase in consumer behavior?

a)

Online sales

b)

Mobile Shopping

c)

Mall shopping

d)

Experience purchases

31.

What is the number of individual products in a product line?

a)

Product depth

b)

Product width

c)

Product assortment

d)

Produc mix

32.

What is the number or variety of product lines that a store offers?

a)

Product depth

b)

Product width

c)

Product assortment

d)

Produc mix

33.

Which type of store layout features long, parallel aisles that are perpendicular to the walls?

a)

Diagonal layout

b)

Racetrack layout

c)

Grid layout

d)

Spine layout

34.

You are opening a high-traffic retail store. What method can you use to maximize inventory in your store?

a)

Tall merchandise displays

b)

Decompression zone

c)

Speed bumps

d)

Free-flow layout

35.

When thinking about the Psychology of Shopper-Layout Interaction, what is prime real estate in a retail store?

a)

At the center of the store

b)

To the right of the door

c)

Eye level on the far left of the store

d)

A ceiling display

36.

You are a consumer who does not mind wearing previous-season or damaged items. You would rather buy products at a lower cost. What retail store could you be looking for?

a)

Specialty store

b)

Convenience store

c)

Supermarket

d)

Discount store

37.

According to the text, which of the following is NOT a type of store layout?

a)

Grid

b)

Racetrack

c)

Combination

d)

Patchwork

38.

What is meant by the term product width?

a)

The number or variety of product lines that a store offers

b)

The number of individual products in a product line

c)

The range of choice offered to the consumer within a particular product category

d)

A group of related products marketed and sold by the same

39.

Which of the following is NOT an element of retail atmospherics?

a)

Sounds

b)

Colors

c)

Research and Development

d)

Smells