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MKT 421 Final Exam 2.

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1) According to the text, marketing means:
A. Much more than selling and advertising.
B. Selling.
C. Producing and selling.
D. Advertising.
2) Which of the following statements best describes the modern view of
marketing?
A. The job of marketing is to get rid of whatever the company is producing.
B. Marketing is concerned with generating a single exchange between a firm and a
customer.
C. Marketing begins with anticipating potential customer needs.
D. Marketing should take over production, accounting, and financial services within a
firm.
3) Predicting what types of bicycles different customers will want and deciding
which of these customers the business will try to satisfy are activities a firm
should do as part of
A. Production.
B. Marketing.
C. Making goods or performing services.
D. A command economy.
4) To compete more successfully with its many competitors offering packaged
cookies, Famous Amos added its own line of extra chunky premium cookies. This
seems to be an effort at:
A. Combination.
B. Market development.
C. Product development.
D. Market penetration.
5) Professional Dental Supply has been successfully selling dental instruments to
dentists for the past 20 years, and has developed strong customer relations.
When looking for new marketing opportunities, Professional Dental Supply will
most likely look first at
A. Market penetration.
B. Market development.
C. Product development.

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D. Diversification.
6) Which of the following statements regarding marketing strategies is FALSE?
A. It is useful to think of the marketing strategy planning process as a narrowing-down
process.
B. Developing successful marketing strategies does not need to be a hit-or-miss
proposition.
C. These strategies require decisions about the specific customers the firm will target
and the marketing mix the firm will develop to appeal to that target market.
D. These strategies must meet the needs of target customers, and a firm is likely
to get a competitive advantage if it just meets needs in the same way as some
other firm.
7) The four Ps of a marketing mix are:
A. Production, Personnel, Price, and Physical Distribution
B. Product, Price, Promotion, and Profit
C. Product, Place, Promotion, and Price
D. Promotion, Production, Price, and People
8) Which of the following is true?
A. The product P in the marketing mix stands for only physical goods.
B. The product P in the marketing mix stands for only tangible merchandise.
C. The product P in the marketing mix stands for both physical goods and tangible
D. The product P in the marketing mix stands for both physical goods and
services.
9) Product is NOT concerned with:
A. Quality level.
B. Wholesale price.
C. Packaging.
D. Branding.
10) When one considers the strategy decisions organized by the four Ps,
branding is related to packaging as:
A. Branding is to pricing.
B. Personal selling is to mass selling.
C. Store location is to sales force selection.
D. Production is to marketing.
11) Big Fizz Co., a manufacturer of cola-flavored drinks, wants to add packaged
fruit juices to its existing product line. Big Fizz must make some decisions
regarding packaging and branding of the fruit juices. These decisions would fall
under which variable of the marketing mix?
A. Product
B. Price
C. Promotion

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D. Place
12) The ______ area of the marketing mix is concerned with decisions about
getting the right product to the target market when and where it is wanted.
A. Product
B. Place
C. Promotion
D. People
13) The main difference between a marketing strategy and a marketing plan is
that:
A. Time-related details are included in a marketing plan.
B. A marketing strategy omits pricing plans.
C. A marketing strategy provides more detail.
D. A marketing plan includes several marketing strategies.
14) A marketing plan is:
A. A marketing program.
B. A target market and a related marketing mix.
C. A marketing strategy—plus the time-related details for carrying it out.
D. A marketing strategy.
15) Which of the following is part of a complete marketing plan?
A. Competitors' marketing strategies.
B. What company resources (costs) are required and at what rate.
C. How different marketing mixes (for different target markets) relate to each other.
D. All of these.
16) Target marketing, in contrast to mass marketing,
A. Is limited to small market segments.
B. Focuses on fairly homogeneous market segments.
C. Ignores markets that are large and spread out.
D. Assumes that all customers are basically the same.
17) Marketing strategy planners should recognize that:
A. Target markets should not be large and spread out.
B. Target marketing is not limited to small market segments.
C. Large firms like General Electric, Target, and Procter & Gamble are too large to aim
at clearly defined markets.
D. Mass marketing is often very effective and desirable.
18) Good marketing strategy planners know that:
A. Firms like Nabisco and WalMart are too large to aim at clearly defined target markets.
B. The terms mass marketing and mass marketer mean basically the same thing.
C. Mass marketing is often very desirable and effective.
D. Target marketing does not limit one to small market segments.

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