WorksheetsMarketing Concepts Quiz
Total questions: 120
Worksheet time: 1hrs 3mins
Due in a large part to advances in technology, ________ is a major trend whereby product and service producers are bypassing intermediaries and going directly to final buyers, or radically new types of channel intermediaries are emerging to displace traditional ones.
the vertical marketing system
the corporate marketing system
disintermediation
the corporate merger
the hostile takeover
You want to observe how often consumers listen to music throughout their day and what different audio devices they use. You are also interested in how consumers store and access their own music collections. You should conduct _______ research.
Causal
Experimental
Secondary
Exploratory
The six buyer-readiness stages include all of the following EXCEPT
awareness
knowledge
conviction
hesitation
A(n) ________ is defined as any group that has an actual or potential interest in, or impact on, an organization's ability to achieve its objectives.
team
competitor
market
public
intermediary
Which product classification is typically purchased frequently, immediately, and with minimal buying effort?
Unsought Product
Convenience Product
Shopping Product
Specialty Product
Which of the following marketing management concepts is most likely to lead to marketing myopia?
customer-driven marketing
customer-driving marketing
societal marketing
marketing
product
A salesperson should seek out, clarify, and overcome any customer objections during the sales presentation in order to ________.
offer the buyer a discount for placing an order
minimize the buyer's concerns about the product
compliment the buyer for mentioning the objections
turn the objections into reasons for buying
turn the objections into an opportunity for humor
Analyze how economic factors can impact a company's marketing strategy.
Economic factors always have a positive impact.
Companies need to adjust pricing and promotional strategies based on economic conditions.
Economic factors are irrelevant to marketing decisions.
Only small businesses are affected by economic factors.
Critically assess how a major shift in technological forces could impact a company's competitive position.
It will have no impact on the company's competitive position.
It could provide opportunities for innovation and new product development, enhancing competitive position.
It will always negatively impact the company's competitive position.
Technological shifts only affect manufacturing processes.
Which of the following represents the most significant risk to companies using a mass-marketing approach?
They may not realize economies of scale.
They may overemphasize the benefits of customized products.
They may lose customers to niche marketers.
They may lose customers who feel that mass marketers are invading their privacy.
Which form of data below can usually be obtained more quickly and at a lower cost than the others?
primary
survey research
experimental research
secondary
observational research
An e-mail from Amazon.com offers free shipping on your next purchase of more than $35. This is an example of __________.
sales promotion
personal selling
public relations
an advertising objective
a push strategy
What type of pricing is being used when a company temporarily prices its product below the list price or even below cost to create buying excitement and urgency?
segmented pricing
psychological pricing
referent pricing
promotional pricing
basing-point pricing
The societal marketing concept seeks to establish a balance between consumer short-run wants and consumer __________.
short-run costs and profits
short-run ethics
long-run welfare
immediate health
value propositions
Products that consumers either do not know about or know about but do not normally consider buying are called:
Unsought Product
Specialty Product
Shopping Product
Convenience Product
Which of the following is an example of a consumer product?
A raw material used in the production of another product.
A computer purchased by a company for its employees-
A car purchased by a family for personal use.
A piece of industrial equipment used in a manufacturing process.
A toothpaste manufacturer believes its most likely customers are parents of young children who value a brand with a kid-friendly taste and texture. The company's segmentation is probably based on:
psychographics
a combination of demographics and psychographics
behavioral characteristics
a combination of demographics and benefits sought
When a company uses data from existing market research reports, it is using:
Primary data
Secondary data
Qualitative data
Experimental data
If a business does not focus on market segmentation in its marketing strategy, it is called:
Mass Marketing
Product Marketing
Target Marketing
All of the above sentences are wrong
Ethnographic research .............
comes from traditional focus groups
is gathered where people live and work
provides secondary data
is most popular in the service sector
provides data to marketers when observation is impossible
What type of positioning is it to meet the product features and benefits of the target customers?
Based on Product Features
Through Custc ner Images
According to Competitors
According to Quality/Price
Which of the following is NOT a major category in a company's promotion mix?
sales promotion
strategic positioning
direct marketing
public relations
Advertising
A business that implements a single marketing mix for the entire market is a strategy of:
Differentiated Marketing
Undifferentiated Marketing
Concentrated Marketing
Mixed Marketing
News conferences, press tours, and grand openings are examples of.......... , a type of tool commonly used by public relations professionals.
public service activities
special events
social networking
development
investor relations
When Taco Bell used a Chihuahua, 3 small dog, to represent its product, which type of execution style is being used?
mood or image
fantasy
personality symbol
technical expertise
musical
Manufacturers may offer a(n)......... in retum for the retailer's agreement to feature the manufacturer's products in advertising or display.
POP promotion
allowance
incentive promotion
price pack
premium
The distinction between a consumer product and an industrial product is primarily based on:
The physical characteristics of the product
The price of the product
The purpose for which the product is purchased
The distribution channels used to sell the product
Advertising has some shortcomings. What is NOT one of them?
It is impersonal.
It can be very costly.
It slowly reaches many people.
It carries on one-way communication with the audience.
It does not make audience members feel the need to respond.
Developing an effective message strategy begins with identifying......... that can be used as advertising appeals.
consumer trends
competitors' weaknesses
competitors' strengths
customer benefits
consumer emotions
Companies are increasingly moving away from high commission compensation plans because such plans often lead to salespeople .
undermining the work of the inside sales team
ignoring management and marketing objectives
being too pushy and harming customer relationships
working multiple sales jobs to maximize their income
spending too much time traveling between customers
Happy Pet is a large petfood company that sells its products to retail pet supply stores as well as wholesalers. The sales force at Happy Pet is LEAST likely to do which of the following?
work directly with final customers
build relationships with wholesalers
help retailers effectively sell the company's products
communicate regularly with business customers
represent wholesalers and retailers to the company
Apple lnc. is going to organize product launch event for iPhone 16 on September 2024. Which stage of new product development for iPhone 16 in this event
Business analysis
Test market
Commercialization
Product concept development
Choosing some suitable market segments to target is called:
Market specialization
Selective specialization
Specialization by product
Focus on one market segment to sell one type of product
Highlands Coffee, a popular coffee chain in Vietnam, expanded its menu to include a variety of food items like sandwiches and pastries, in addition to its core coffee offerings. This strategy can be best described as:
Product line stretching
Product line filling
Brand extension
Co-branding
FOB-origin pricing is a type of...
Dynamic pricing
Zone pricing
International pricing
Geographical pricing
Vietjet Air, a Vietnamese low-cost airline, focuses on offering affordable fares and a no-frills flying experience. The airline's emphasis on cost efficiency and streamlined processes reflects its focus on managing:
Service differentiation
Service quality
Service productivity
Brand equity
Firms CANNOT create:
consumer segments
segmentation strategies
consumer targets
positioning strategies
Which of the following best describes the practice of value selling?
earning business from customers based on low prices
delivering superior customer value and capturing a fair return on that value
closing deals quickly to meet team sales quotas
gaining short-term sales that increase annual sales volume
challenging customers to find better deals for products and services
________ involves attaching features and services to differentiate a company's offers and to support charging higher prices.
Break-even pricing
Target pricing
Value-added pricing
Cost-plus pricing
Pricing-down
The product level that offers additional consumer services and benefits is:
Potential Product
Augmented Product
Actual Product
Core Benefit
In general, marketers must weigh carefully the costs of additional information against the ________ resulting from it.
organization
benefits
creativity
ethical issues
costs
A radio station that carries news, features, and editorial opinions about your area is which type of public?
financial
media
citizen-action
general
government
When marketers set low expectations for a market offering, the biggest risk they run is _________.
disappointing loyal customers
decreasing customer satisfaction
failing to attract enough customers
failing to understand their customers' needs
incorrectly identifying a target market
Customer-perceived value is determined by a customer's __________ of the benefits and costs of a market offering relative to those of competing offers.
personal assessment
rational expectations
accurate assessment
objective evaluation
emotional understanding
You are an assistant marketing director for a firm in a market with many low-margin customers. What type of relationship would be most profitable for you to develop with these customers?
full partnerships
basic relationships
basic partnerships
club programs
selective relationships
All of the following are types of price-adjustment strategies EXCEPT________________
Segmented pricing
Promotional pricing
Dynamic pricing
Break-even pricing
Which of the following strategies are NOT suitable strategies in the decline stage?
Maintain the product
Harvest the product
Drop the product
Advertising for the product
All of the following are characteristics to be effective for segmented pricing strategy EXCEPT ________________
Segments must show different degrees of demand
Must be legal
Watching the market cannot exceed the extra revenue obtained from the price difference
High income segment accepted
All of the following are problems associated with the poor selection of salespeople EXCEPT ________.
Lower sales
Costly turnover
Less productivity
Less office support
Disrupted customer relationships
All of the following are types of promotional pricing EXCEPT_____________
Loss leaders
Special event pricing
Credit card payment accepted
Return back free
Vietnam Airlines' passenger transport product positioning is based on:
Price
Level of service provided to customers
A & B are correct answers
None of these
Based on this information, which of the following segmentation variables is Rockwell most likely to utilize?
Geographic
Firmographic
Buying approach
Psychographic
Which of the following is NOT a requirement for effective market segmentation?
Measurable
Accessible
Innovative
Actionable
Which of the following is NOT a characteristic of a service?
Intangibility
Inseparability
Variability
Tangibility
The Vietnamese government launched a campaign called "Live Fully in Vietnam" (Sống trọn vẹn ở Việt Nam) to promote the country's tourism and culture. This is an example of:
Person marketing
Organization marketing
Place marketing
Social marketing
A example of a(n) ___________ is a five-foot-high cardboard display of Andy an Lily next to Comfort fabric conditioner bottle.
sample
POP promotion
POP pack
advertising specialty
premium
All of the following are considered advantages of a territorial sales force structure EXCEPT ______________
travel expenses can be minimized
each salesperson's job is clearly defined
accountability is clearly defined for each salesperson
salespeople develop in-depth knowledge of a product line
salespeople have the opportunity and incentive to build strong relationships with customers
All of the following are basic types of compensation plan for salespeople EXCEPT _________
straight commission
straight salary
salary plus commission
commission plus bonus
salary plus bonus
Salespeople should be trained to recognize __________ signals from the buyer, which can include physical actions such as leaning forward and nodding or asking questions about prices and credit terms.
qualifying
approach
objection
closing
follow-up
Some advertisers use edgy humor in their advertisements in order to break through the commercial clutter. This is an example of an advertisement's ___________
format
execution style
tone
image
message strategy
All of the following are strategies a marketer would use to lead consumers into making the final step toward a purchase EXCEPT which one?
offer special promotional prices
offer add-on features
offer premiums
use extensive "teaser" advertising
offer rebates
Which of the following is NOT a factor in the changes occurring in today's marketing communications?
Mass markets have fragmented, and marketers are shifting away from mass marketing.
Improvements in communication technologies are changing how companies and customers communicate with each other.
Companies routinely invest millions of dollars in the mass media.
Mass media no longer capture the majority of promotional budgets.
Today's consumers are better informed about products and services.
_________conflict, which occurs between different levels of the same channel, is more common than ___________conflict, which occurs among firms at the same level of the channel.
Horizontal; vertical
Vertical; horizontal
Contractual; corporate
Corporate; franchise
Wholesaler; retailer
Durango China Company charges all customers within different identified geographical areas a single total price. The more distant the area, the higher the price. This is____________
freight-absorption pricing
zone pricing
uniform-delivered pricing
FOB-origin pricing
bulk rate pricing
Companies usually develop rather than
single products; product families
product lines; single products
product families; product lines
product brands; product images
product images; product brands
Value-based pricing is based on the customer's perception of:
The Product's Quality
The Product's Cost
The Competitor's Price
The Product's Value
Which of the following is the best example of a specialty product?
A can of Coca Cola
A pair of Lei's jeans
A Rolex watch
A 4K OLED TV
Which of the following is a stage in the buyer decision process?
Need recognition
Market segmentation
Product positioning
Brand equity
How do environmental factors such as economic conditions influence business buyer behavior?
They have no effect on purchasing decisions.
They can affect budget allocations and purchasing priorities.
They only impact small businesses.
They primarily influence consumer markets, not business markets.
A supplier who provides customized solutions to a business customer based on specific requirements is engaging in:
Product standardization
Product differentiation
Systems selling
Market penetration
Which type of costs below are NOT the fixed cost (Choose all that apply):
Real estate rental fee
Packaging
Product material
Transportation fee
A business buyer decides to purchase a new type of software after consulting with multiple departments and stakeholders. This decision process is known as:
Systems selling
New-task buying
Influencer marketing
Group buying
Analyze the role of a buying center in the business buying process.
Analyze the role of a buying center in the business buying process.
It consists of a single person making all purchasing decisions.
It includes all individuals and units involved in the purchasing decision.
It focuses only on approving final purchases.
It has no significant impact on the buying process.
The stage in the new product development process where potential products are evaluated against a set of company criteria to eliminate poor ideas is:
Business Analysis
Idea Generation
Idea Screening
Concept Development And Testing
What elements are not included in the Augmented Product?
Delivery & credit
Design
Warranty
After-sale services
The ________ environment consists of factors that affect consumer purchasing power and spending patterns.
cultural
political
technological
economic
natural
The first stage in the new product development process is:
Business Analysis
Idea Screening
Idea Generation
Concept Development and Testing
Which product level adds customer value by offering additional services and benefits?
Potential Product
Core Product
Actual Product
Augmented Product
Determining the position of a competitive product is which step in the positioning process?
First
Second
Third
Fourth
Market segmentation helps:
Select the target field
Meet the highest customer needs
Allocate resources effectively
All of the above effects
A small-scale, low-capacity business that sells a new product in a heterogeneous market should choose:
Differentiated Marketing Strategy
Undifferentiated Marketing Strategy
Concentrated Marketing Strategy
Product Development Strategy
Critically assess the impact of technological advancements on business buying behavior.
They have no significant impact.
They can streamline purchasing processes and improve decision-making.
They only affect consumer buying behavior.
They increase costs and complicate the buying process.
Evaluate the impact of cultural factors on consumer buying behavior in international markets.
Cultural factors have no impact on consumer behavior.
Understanding cultural differences is crucial for tailoring marketing strategies.
Cultural factors only affect pricing decisions.
Cultural factors are the same across all countries.
What criteria should a company use to evaluate the performance of its suppliers?
Price and delivery speed
Product variety and advertising spend
Relationship with competitors and market share
Sales volume and brand recognition
What criteria should a company use to assess the effectiveness of its marketing strategies in influencing consumer behavior?
Sales volume and market share
Brand awareness and customer loyalty
Advertising spend and distribution coverage
Product features and pricing
How do psychological factors like perception and motivation affect consumer behavior?
They have minimal impact compared to economic factors.
They primarily influence the final purchase decision.
They shape how consumers interpret information and what drives them to buy.
They only affect first-time buyers.
Evaluate the importance of building long-term relationships with suppliers in business markets.
It is unimportant as business transactions are typically one-time events.
It can lead to improved efficiency, cost savings, and collaboration.
It only matters for large multinational companies.
It increases the complexity of the purchasing process.
A company repurchases raw materials to manufacture its products. This type of buying is an example of:
New-task buying
Modified rebuy
Straight rebuy
Systems selling
Customer perceptions of a product's value set the ________ for prices.
Range
Floor
Ceiling
Target
Which of the following best defines a business market?
A market where businesses sell products to end consumers
A market where businesses sell products and services to other businesses
A market focused on retail sales
A market driven by individual customer preferences
Critically assess the role of post-purchase behavior in the buyer decision process.
It has no significant impact on future buying decisions.
Positive post-purchase experiences can lead to customer loyalty and repeat purchases.
It only affects high-involvement purchases.
It is irrelevant for convenience products.
In the context of consumer behavior, what does the term "cognitivedissonance" refer to?
The initial attraction to a product
The discomfort a consumer feels after making a difficult purchase decision
The process of evaluating product alternatives
The influence of family and friends on buying behavior
A company targets its marketing efforts toward young professionals who value innovative technology. This is an example of:
Market segmentation
Product differentiation
Mass marketing
Market penetration
Analyze how social factors such as family and reference groups can influence consumer buying behavior.
They have no significant impact on buying decisions.
They only affect the purchasing decisions of teenagers.
They can significantly shape preferences and purchase decisions.
They only matter for high-involvement purchases.
In marketing research, managers often start with _______ research and later follow with _______ research.
exploratory; descriptive or causal
descriptive; secondary or commercial
descriptive; exploratory or secondary
causal; descriptive or exploratory
causal; exploratory or secondary
Walmart sends a trained observer to watch and interact with customers as they shop in a Walmart store. This is an example of
secondary research
survey research
ethnographic research
experimental research
descriptive research
A church targeting different demographic groups to increase attendance is an example of __________.
for-profit marketing
not-for-profit marketing
societal marketing
customer evangelism
caring capitalism
Increase attendance is an example of __________.
for-profit marketing
not-for-profit marketing
societal marketing
customer evangelism
caring capitalism
Your marketing department is currently researching the size, density, location, age, and occupations of your target market. Which environment is being researched?
demographic
psychographic
economic
geographic
cultural
You have an upset stomach. Your mother rushes to the corner convenience store for a bottle of Pepto-Bismol. This product is a(n) ________ product.
Convenience
Unsought
Specialty
Shopping
Augmented
Chewing gum is stocked in many outlets in the same market or community; in fact, it is placed in as many outlets as possible. This is an example of ________ distribution.
Exclusive
Selective
Multichannel
Intensive
Disintermediated
A group of business entrepreneurs who worried about their teenage children drinking and driving decided there must be some way to approach this problem proactively. They came up with an idea for a pair of blurry goggles. They believed looking through the goggles would simulate what the world looks like when someone is seriously intoxicated. The first crude pair of blurry goggles developed by the entrepreneurs to show to prospective customers was ________.
a prototype
a component part
a synergistic model
a product image
a product idea
A buyer's decisions are influenced by _______ such as the buyer's age and life-cycle stage, occupation, economic situation, lifestyle, and personality and self-concept.
Personal characteristics
Reference groups
Perceptions
Attitudes
Psychographics
_______ is defined as the use of commercial marketing concepts and tools in programs designed to influence individuals' behavior to improve their well-being and that of society.
Unsought product marketing
Internal marketing
Social marketing
Product line
Interactive marketing
Which of the following is the final stage in the new product adoption process?
Awareness
Adoption
Evaluation
Acceptance
Trial
Which of the following is a specific criterion for segmenting consumer markets, personality or preferences?
Geography
Demographic
Psychology
Behavior
Which of the following is an objective of informative advertising?
Build brand preference
Change customer perceptions of brand value
Encourage customers to switch brands
Suggest new uses for a product
Keep brand in customer minds during off-seasons
The natural resources that are needed as inputs by marketers or that are affected by marketing activities are referred to as the _______.
Raw material market
Natural environment
Endangered environment
Green movement
Factors of production
When consumers cannot judge quality because they lack the information or skill, price becomes _______.
Less important
Insignificant
An important quality signal
The only driver of the purchase
Negotiable
At Finley's Fine Goods, members of the sales force and marketing department tend to have disagreements when things go wrong with a customer. The marketers blame the salespeople for poorly executing their strategies, while the salespeople blame the marketers for being out of touch with the customer. Which of the following steps should upper-level management at Finley's Fine Goods take to help bring the sales and marketing functions closer together?
establish a customer sales force structure
establish a complex sales force structure
appoint a new sales force manager
appoint a marketing executive to oversee both marketing and sales
Sally purchased Brand X lotion. In comparing her perception of how the lotion made her skin feel and look to her expectations for Brand X lotion, Sally was measuring her level of _______.
Share of customers
Customer satisfaction
Customer equity
Demand
Customer lifetime value
Shampoo marketers rate buyers as light, medium, or heavy product users. This is ________ segmentation.
Benefit
User status
Usage rate
Psychographic
Occasions
A test market is:
The process of introducing a new product into the market.
A small group of consumers who provide feedback on a product concept.
A geographic area selected to test the marketing program for a new product.
A detailed version of the new product idea stated in meaningful consumer terms.
A detailed version of the new product idea stated in meaningful consumer terms is called a:
Product idea
Product concept
Product image
Product proposal
Product movement
Stephanie and Jamal attended a sales seminar. Both left the seminar with differing opinions about what was important to implement in their jobs. Both used the information in different ways, according to what each already believed was important. They have engaged in _______.
Selective distortion
Selective attitude
Selective retention
Selective attention
Perceptual defense
With ________, price is set to match consumers' perceptions of product value.
Variable cost pricing
Cost-plus pricing
Cost-based pricing
Value-based pricing
Everyday low pricing
Which of the following forces would marketers be MOST likely able to influence?
Geographic population shifts
Core cultural values
Increasing ethnic diversity
Media publics
Income distribution
Despite the data glut that marketing managers receive, they are most likely to complain that they lack which of the following?
Enough information of the right kind
Secondary information
Timely information
Searchable information
Primary information
1. Flurrbies, a brand of winter accessories that fell in and out of favorability with customers quickly, is an example of a _______.
. Style
Fashion
Fad
Product idea
strategy
