Final example #55163

20 November 2022
4.4 (128 reviews)
30 test answers

Unlock all answers in this set

Unlock answers (26)
question
When a T-shirt manufacturer states, "We sell it only in black because that way we can buy plenty of black fabric and run our plant efficiently," its statement reflects the views that were popular in which era of the evolution of marketing?
answer
production-oriented
question
Marketing involves all of the following except
answer
production scheduling
question
Jami sells construction equipment. Whenever she calls on her building contractor customers, she asks if they are having any problems. In doing so, Jami is addressing which of the following core aspects of marketing?
answer
satisfying customer needs and wants
question
Julia is considering a career in marketing. She is concerned about the image of marketers as fast-talking, high-pressure people who care only about making a sale. When reading about the core aspects of marketing, Julia is relieved to see that in marketing
answer
A. all parties to an exchange should be satisfied.
question
Xavier is analyzing potential market segments. He should carefully seek potential customers who have both an interest in his products and
answer
the ability to buy them.
question
When referring to "exchange," marketers are focusing on
answer
E. the trading of things of value.
question
Whenever Valerie has a new massage therapy customer, she invites the person to be on her e-mail distribution list. In the process, in addition to exchanging her massage therapy service for payment, Valerie is gathering
answer
A. information.
question
Which of the following is a core aspect of marketing?
answer
making product, place, promotion, and price decisions
question
Marketing has traditionally been divided into a set of four interrelated decisions known as the marketing mix, or four Ps, including all of the following except
answer
performance.
question
The four Ps make up the marketing mix, which is the __________ set of activities that the firm uses to respond to the wants and needs of its target markets.
answer
controllable
question
The fundamental goal of marketers when creating goods, services, or combinations of both is to
answer
create value
question
Brian is struggling with the choice of publishing his new book, How to Cook Polish Barbeque, as an e-book or a paperback. Brian is addressing which core marketing aspect?
answer
making product decisions
question
The basic difference between a good and a service is that a good
answer
B. can be physically touched.
question
Four Winds Art Gallery recently began offering appraisals of customers' art collections, in addition to continuing to sell paintings. Four Winds is
answer
expanding from offering just goods to also offering services.
question
Marketers must determine the price of a product carefully, based on potential buyers' beliefs about
answer
A. its value.
question
Some discount stores put products in large bins and let consumers hunt and find bargains. The price these consumers pay includes
answer
the value of their time and energy
question
Henriette offers financial counseling and management on a fee-only basis. She has found that different customers are willing to pay different rates for her services. This shows that her pricing decisions should depend primarily on
answer
C. how different customers perceive the value of her services.
question
Marketing channel management is also known as
answer
supply chain management
question
Marketing efforts designed to get the product or service to the right customer, when that customer wants it, are called
answer
supply chain management.
question
Yesenia, the new university course scheduling manager, is struggling with adjustments to the fall schedule. She is trying to determine how to offer the classes students need at the times when students need them. Yesenia is struggling with the marketing function of
answer
managing the supply chain
question
The marketing goal of getting the "right quantities to the right locations, at the right time" relates to
answer
managing the supply chain.
question
Marketers involved in value-oriented marketing are constantly balancing
answer
perceived customer benefits with the costs of their offerings
question
The importance of supply chain management is often overlooked in the study of marketing because
answer
many of the activities take place behind the scenes.
question
Which element of the marketing mix deals with supply chain management?
answer
E. place
question
UPS, FedEx, DHL, and other shipping companies support other firms' __________ marketing goals.
answer
supply chain management
question
__________ is communication by a marketer that informs, persuades, or reminds potential customers about a product.
answer
Promotion
question
Effective promotion enhances a product or service's
answer
perceived value.
question
By promoting perfume based on youth, style, and sex appeal, Calvin Klein is attempting to
answer
increase the perceived value of its products.
question
When retailers accumulate merchandise from producers in large amounts and sell to consumers in smaller amounts it is considered _______ marketing.
answer
A. B2C
question
By allowing consumers to sell their unwanted goods to other consumers, auction sites like eBay cater to __________ marketing.
answer
C2C