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WorksheetsMarketing Management EOPA Review (Part 1)
Total questions: 100
Worksheet time: 50mins
What type of corporation may be owned by just a few people and does not offer its shares for sale to the general public?
Private
General
Public
Limited
Providing marketing information is an important channel activity. Businesses rely on marketing information to determine
How intermediaries are performing
Their target markets' needs and wants
How much to charge for their products
What to name their products
What can a business do to determine if there are problems with its customer-service levels in relation to its product-distribution strategies?
Conduct a break-even analysis
Evaluate its channel members' performance
Analyze the product's quality standards
Examine the organizational chart
A farmer with a produce stand in the yard is an example of a __________ distribution channel.
Producer to retailer to consumer
Producer to agent to consumer
producer to consumer
producer to wholesaler to consumer
An advantage of using satellite tracking technology in distribution is that it enables businesses to
Analyze the contents of packages
know where shipments are at all times
determine the delivery drivers' qualifications
obtain information about competitors
What is another way to describe financial information that is true, complete, and faithfully represented?
Timely
Understandable
Comparable
Reliable
Which of the following categories of information are found on a balance sheet:
Assets, liabilities, owner's equity
Income, expenditures, profit
Assets, liabilities, margin
Revenues, expenses, profit
Using the cash accounting method, determine the amount of sales that a business would record for one day if it makes $2,300 in cash sales, has COD sales of $450, and places a $300 special order.
$2,300
$2,600
$2,750
$3,050
The administration of assets refers to decisions about
spending
accounting
investments
financing
Labor-union negotiations are part of which HR management activity?
Staffing
Compensation and benefits
Training and development
Employee relations
Which of the following is an example of helpful, printed information that businesses often give new employees during orientation:
Promotional brochure
Annual report
Application form
Company handbook
How do producers benefit from the exchanges that result from marketing?
By gaining repeat business
By controlling their costs
By obtaining unlimited resources
By increasing charitable contributions
The development of goods and services that best satisfy consumer needs and wants is a major goal of
Financing
Purchasing
Product/service management
marketing information managment
A home-improvement company has determined that many of its potential customers will only purchase carpeting from businesses offering a discount. What has the company determined?
Customer buying behavior
Customer shopping types
Customer browsing methods
Customer selling ability
Which of the following is a true statement about B2B (business-to-business) marketing:
B2B marketing strategies work well for consumer marketing, but consumer strategies don't work for B2B.
Only specialty marketing firms undertake B2B marketing.
B2B marketing is more difficult than consumer marketing.
Marketers approach B2B marketing differently than consumer marketing.
Natalie searched for 45-minutes to locate an important file folder, which she found under a pile of papers in an unmarked box that was stored under her desk. What action did Natalie fail to take that would have increased her efficiency and saved the company money?
Using supplies wisely
Staying on task
Staying organized
Observing safety standards
Which of the following is an example of corporate responsibility:
A company hires minority employees.
A company expands its facilities
A company uses recycled materials in its products.
A company pays its taxes on time.
Designing an effective marketing strategy is important
but not possible to achieve
to the success of the business
as a promotion function
as a one-time process
Which of the following is a consideration in the price element of marketing:
Will the business use publicity?
Where will the products be stored?
Should the business offer discounts?
When will research be conducted?
Determining the group of customers that will be the main target for a company's goods/services is done through
market strategy
market segementation
a policy statement
consumer behavior research
Which of the following is an example of a marketing strategy that a business might develop in order to achieve an objective it has outlined in its marketing plan:
Obtaining $1 million in sales
Lowering prices by 5%
Increasing profits by 10%
Reducing operating costs
. Business A spends less on advertising than Business B. Both businesses sell the same products, but Business B charges higher prices than Business A. Which of the following factors has affected the prices of the business:
Place
Supply
Product
Promotion
Why are Universal Product Codes (UPCs) often preprinted on products before the manufacturer ships the products to the business?
to reduce the possibility of theft
To increase the product turnover rate
to simplify the price-marking function
To improve the transportation system
Selling price helps customers to allocate their money because price determines
what customers need to purchase
the value of products to all purchasers
what customers can afford to purchase
the quality of all goods and services
The management function of business is usually responsible for
setting policy
serving customers
preparing ads
stocking shelves
The best way for Melissa to determine if her company will pay the tuition for the class that she is taking at the community college is by
reviewing the production shedule
asking her college counselor
reading the employee handbook
submitting a formal proposal
As an audience member, which of the following should you do to encourage a speaker during an oral presentation?
Smile
Refrain from asking questions
Keep a straight face to communicate that you are serious
Quietly discuss the speech with the person sitting next to you
Sarah is speaking to a customer who is decisive, forceful, and in a hurry. Sarah should
give the customer time to talk about himself/herself.
get to the point of her communication quickly.
discuss detailed statistics and information.
take time to develop a relationship with the customer.
Roberto has just finished giving a presentation about global warming. An obviously irritated audience member stands and says that there is no evidence to prove global warming exists. Roberto calmly reads results from three scientific reports on its existence. Roberto's response is an example of
a transition
an effective conclusion
defending an idea objectively
expressing a cultural barrier
An individual calls your company and asks to speak with your coworker, Rhonda Hoffman. What should you do if Rhonda is not available to take the call?
Advise the caller to call again in a few minutes
Ask the caller if s/he would like to leave a mesage
Tell the caller that you would be glad to take his/her order
Put the caller on hold while you track down Rhonda
What does a group's leader do?
Takes the meeting minutes
Puts the group on a certain course
Makes sure the group members agree
Follows up with everyone
What is a key to effective note-taking?
Creative thinking
Capturing details
Active listening
Using an outline
One computer tool that a businessperson can use to organize online information for a research report is
index cards
mind-mapping programs
statistical applications
online survey services
Alma is preparing a presentation about her department's budget to make to the company president. She wants to use a visual representation of the budget that shows parts in relation to the whole. Alma should consider using a
bar graph
table
line graph
pie chart
The business manager tried to write a promotional letter that was simple, clear, and interesting so that customers who received it would
need to read it many times
easily understand it
find it entertaining
ask what it really meant
The primary purpose of placing headings and subheadings in a long business report is to
attract attention to the writer's hidden agenda.
organize content in a cohesive, manageable way.
provide supporting evidence for key points.
solicit an opinion or response from the audience.
After Lana finishes writing the promotional copy for a direct-mail letter, she plans to proofread and edit her work on her computer. What technique should Lana use to determine if the text is clear and logical?
Correcting grammatical mistakes
Reading the text backwards
Reading the text aloud
Correcting punctuation errors
In addition to his name, address, and phone number, what information should Dwight include in his corporate email signature?
His position, company, and references
His work history, company, and email address
His position, work history, and email address
His position, company, and email address
Which of the following messages is written in a style that focuses on the receiver of the message?
Simply fill out this form and return it to us—it's easy!
We are requiring all customers to complete this form so we can make changes.
Because we want to create a better product, we're sending out this evaluation form.
Please complete this form so that product improvements can be made based on your needs.
Letters of inquiry should be as __________ as possible.
specific
vague
verbose
demanding
. Identify the type of appeal used in the following persuasive message: "This new book is written by Dr. Juliet Browne, who holds a doctorate from the Harvard School of Medicine and is the Chair of the World Health Organization."
Emotions
Reason
Credibility
Shock value
Lucille has created a six-page synopsis to include as a section in the beginning of her 224-page report. What should Lucille call this section when she creates the report's table of contents?
Executive summary
Bibliography
Footnotes
Results and recommendations
A characteristic of simple memorandums written by business employees is that they usually are intended to be read by a(n)
Planning committee
Board of directors
Internal audience
Group of suppliers
Samantha manages the marketing department for a large company and has just hired a new employee to run the company's cooperative advertising program. The most appropriate way for Samantha to advise staff members that a new employee will be joining their team is by
writing a news article for the company's semi-annual newsletter.
making an announcement during the weekly departmental meeting.
posting a short message on her personal weblog
sending a personalized text message to each employee in the department
It is appropriate for a participant to ask questions during a staff meeting when
the agenda is being distributed
another participant is speaking
s/he needs a point clarified
s/he does not agree with the speaker
What is often the result of positive customer/client relations?
Additional stress
More competition
Repeat business
Increased training
Employees can demonstrate their customer-service mindset by using good
business activities
promotional plans
telephone techniques
marketing strategies
What is an example of an employee reinforcing a service orientation through communication?
Telling customers they are misinformed
Offering to find information for customers
Agreeing that customers are always right
Selecting certain customers to help
Which of the following is an example of a customer inquiry about a product that an employee might need product knowledge in order to handle:
Is it designed to last?
Is financing available?
Is delivery included?
Is there a return policy?
When doing business with clients from another culture, you should always be sure to
use humor to ease tension and make everyone more comfortable.
take the opportunity to tell the other person how you do things in your culture.
research the culture and history of the people with whom you're doing business.
always speak English, since it's considered the international language of business.
What type of business policy is designed to attract customers by making the purchasing experience more convenient for them?
Flexible
Employee
Product
Service
Salespeople sometimes have difficulty meeting the needs of customers who are
agreeable
silent
decisive
patient
How can the salesperson try to reduce the number of customer complaints about the products customers buy?
By using high-pressure selling techniques
By identifying the customer's real needs
By approaching customers as soon as possible
By advising the customer from personal experience
There are several auto repair shops in town, but Patricia's stands out. Her auto repair shop does great work, but what really sets her shop apart is the customer service. Every customer is greeted by a friendly employee, and s/he is given snacks and drinks while s/he waits for the repairs to be completed. The great customer service that people can expect from Patricia's business is considered her
tagline
brand promise
vision
mission statement
When Mr. Schwarz's order did not arrive at the expected time, he called Karl, the salesperson with whom he had placed his order. Karl apologized for the delay and told Mr. Schwarz that he would check into the issue. After Karl talked with the transportation company, he immediately called Mr. Schwarz to let him know where the order was and when to expect delivery. Mr. Schwarz thanked Karl for getting back with him so quickly. In this situation, Karl reinforced the company's image by
delegating work tasks
giving vague answers
providing efficient follow-up
complimenting the customer
Why is it important for businesses to monitor customer purchases?
To satisfy consumers' needs and wants
To block consumers' economic votes
To promote slow-selling merchandise
To classify their products
Natural resources are provided by nature, and capital resources are provided by
machinery
people
technology
automation
What might cease if producers decide that their incomes are inadequate to continue making goods and services?
Consumption
Competition
Compensation
Communication
T-shirts sold at music concerts that are imprinted with a rock group's name are examples of products that have __________ utility.
service
form
price
intangible
What type of market likely exists when a local automobile dealer has many cars for sale at low prices but demand is low?
Elastic
Buyer's
Seller's
Inelastic
Which of the following is an example of excess demand:
Price = $500, demand = 500, supply = 500
Price = $400, demand = 600, supply = 400
. Price = $600, demand = 400, supply = 600
Price = $700, demand = 300, supply = 700
Who owns a good if the good is used in performing a service for a customer?
The business performing the service
The customer who buys the service
The producer of the good
The supplier of the good to the business
Which of the following is a function that is an important part of the human resources management activities of business:
Promoting
Pricing
Selling
Staffing
Which of the following types of economic systems would offer the most benefits to business owners and to their employees:
Market
Socialist
Communist
Traditional
The differences in the education and skills of the workforce are reasons why market economies usually experience
unequal income distribution.
low unemployment levels
unpredictable taxation rates
minimal profit margins.
During the summer, wildfires swept through Montana and consumed many homes and businesses. Business owners rebuilt their businesses because they believed that the risk involved with wildfires was "just part of doing business in Montana." Which type of risk did the business owners encounter?
Natural
Economic
Human
Incompetence
Which of the following pairs of businesses are examples of indirect competitors:
Wendy's and Kentucky Fried Chicken
Pizza Hut and Wendy's
JC Penney and Pizza Hut
Kentucky Fried Chicken and Pizza Hut
Which of the following does not give exclusive ownership of certain types of property to individuals:
Patent
Trademark
License
Copyright
. By counting the number of gifts wrapped at the gift-wrapping booth in a local mall, you are determining
Input
Output
Ratio
Technology
One advantage of labor specialization by job task is that workers'
pride in the finished product increases
morale improves
dependency increases
tranfers in the industry are easier
Rumors were flying at Bennett Corporation that the company was planning staff layoffs. Management did not address the issue with employees, so the work environment became tense and distrustful. This is an example of how grapevine communication can
prepare employees for changes
generate fear in the workplace
enchance the company's image
influence the company's policies
Which stage of negotiation do many people consider the most important part of the process:
Preparation
Concession
Assessment
Mediation
Your coworker Tim tells you that he has been experiencing a lot of stress at work lately. What is the best advice that you could give Tim that may help him more effectively manage his stress on a daily basis?
Suggest that he reassign some of his work to others
Tell him to use deep breathing and visualization techniques
Encourage him to take on additional projects so he doesn't focus on the stress
Persuade him to take an unpaid leave of absence
Which of the following is a true statement about the consensus-building process:
It should involve only one or two ideas.
It should always be conducted formally.
It varies from group to group.
It works best with only two people.
Eric sends staff members an email stating that their department's performance during the third quarter exceeded the company's goals, so each of them will receive a $200 bonus. What technique is Eric using to motivate staff members to continue the good work?
Financial incentive
Verbal encouragement
Acknowledge plaque
Public recognition
The following statement appeared in an online journal article written by Dr. Lydia Garrett: “Dr. Sanderson has limited expertise in the area of biophysics, and I do not believe that he has conducted enough research to support his theory.” This is an example of:
an opinion
supporting evidence
hearsay
a fact
You have been asked to quickly locate information comparing the number of home foreclosures in Arkansas in 2000 with those in 2010. Which of the following searches should yield the fastest, most relevant search results:
"home foreclosures"; Arkansas; years: 2000 OR 2010
"home foreclosures in Arkansas in 2000 OR 2010"
Arkansas home foreclosures between 2000, 2010
“home foreclosures; Arkansas”; “2000 OR 2010”
Which of the following sources is most likely to contain timely information:
A second edition history textbook that contains a 2000 copyright date
A journal article about a medical breakthrough that was published a decade ago
A stock table that appeared in a national newspaper on January 14, 2010
A technical-trends report that was written on February 5, 2011
What is the best way for Michelle to organize the information that she has collected for a research report that she is writing?
Edit her draft
Create the appendices
Correct grammatical errors
Develop an outline
Chloe recently took over the family business so that her parents could retire. While reorganizing her dad's desk so that she could use it, Chloe found several 5.25-inch floppy disks. She'd like to find out what is stored on each disk, but she doesn't have a computer with a floppy disk drive. She can't access the data on the disks because floppy disks have become
networked
destructive
obsolete
decentralized
Wireless networks are now more common due to
information overload
increased distribution of the workforce
government regulations requiring them
increased competition
Which of the following is not considered a technological innovation:
The wheel
The weather
The internet
The cell phone
Payroll, hotel reservations, and sales orders are handled by a(n) __________ type of information system.
executive support system
knowledge work system
decision support system
transaction processing system
Which of the following is the primary computer-system tool used to input data:
Software
Printer
Keyboard
Hardware
To use various software programs, a computer must have a(n)
search engine mechanism
internet connection
operating system
task toolbar
Which of the following is an umbrella term referring to any type of Internet transaction:
URL
E-commerce
Business
Website
Joseph received an email message from his supervisor and wants to send it to his coworker, Jackie. What email function key would Joseph use to send the message to Jackie?
Reply
Forward
Edit
New
What types of applications help computer users manage their appointments and work activities through email software programs?
Task, calendar, and contact functions
Calendar, addrss book, and view mechanisms
Contact, workbook, and view settings
Address book, task, workbook features
Where in the Microsoft Word word-processing program should you look to determine what page of a document you're on and how many words are in the document?
Status bar
Ribbon
Quick access toolbar
Title bar
What is the visual tool in presentation software that smoothly moves one slide into the next slide?
Transition
Animation
Quick Access Toolbar
Title Bar
A business wants to send a mailing to all customers who have ordered at least $2,500 in merchandise in the past year. To obtain the appropriate list of customers, the business should set the query by
credit rating and location
last name and account number
product code and zip code
sales dollars and dates
Which of the following statements is true of spreadsheets:
"Row" and "column" are interchangeable terms.
A cell is where a column and row intersect
A column is horizontal, while a row is vertical
A row is where a column and cell intersect
Which of the following is an example of an integrated software application:
URL
Java
SMS
Point-of-Sale
A primary advantage to businesses that use groupware computer applications is that they can
boost liability
increase efficiency
decrease output
reduce competition
Ken is developing a web page for a new bed-and-breakfast inn. He wants to add information on the web page that describes local tourist attractions and restaurants. To allow website visitors the ability to visit these other websites from the bed-and breakfast inn's website, Ken should create
a site map
portals
cookies
hyperlinks
Businesses often obtain marketing information to
monitor trends
implement procedures
delegate authority
investigate terms
In planning marketing activities and in making marketing decisions, marketers use a variety of data gathered by a(n)
Marketing information management system
double-entry bookkeeping system
file of employee records
inventory control system
Computerized databases make it possible for marketing researchers to
obtain desired information immediately
limit their use of biographical databases
gain unrestricted access to statistical data
reduce the use of off-line data collection methods
A marketing-research project that gathers sufficient information to help the business in its decision making would be described as
predictive
efficient
tedious
thorough
Before introducing a product to the marketplace, a business might monitor its competitors' ___________ strategies.
training
scheduling
auditing
pricing
