business ch 13

8 January 2024
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20 test answers

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question
________ is the process of planning and executing the conception, pricing, promotion, and distribution of goods and services to facilitate exchanges that satisfy individual and organizational objectives.
answer
marketing
question
The business philosophy of "produce as much as you can because there is a limitless market" is consistent with which of the following?
answer
production era
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The greatest marketing need during the production era was for:
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distribution and storage
question
The significant increase in consumer demand following World War II marked the beginning of the?
answer
marketing concept era
question
The __________ is based on three elements: (1) a customer orientation, (2) a service orientation, and (3) a profit orientation.
answer
marketing concept
question
Firms that have adopted _________ seek to do more than simply sell a product; they seek to learn as much as possible about their customers in order to satisfy and even delight them with goods and services over time.
answer
customer relationship management
question
Which of the following statements is most consistent with today's views on marketing?
answer
"learn about your customers and exceed expectations"
question
A key element of customer relationship management is to:
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Correct learn as much as possible about customers.
question
While the four Ps help us remember the basics of the __________, they don't include everything that goes into the marketing process.
answer
marketing mix
question
Which of the following describes a process in which marketers present an accurate description of a new product to potential customers and ask if they find the idea appealing?
answer
concept testing
question
A firm's marketing mix refers to the combination of:
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Correct strategies regarding product, price, place, and promotion.
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The last step in the marketing process often includes:
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building relationships with customers
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__________ consists of all the techniques sellers use to persuade consumers to buy their goods and services.
answer
promotion
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Which of the following tasks would be included in the marketing mix?
answer
Correct Evaluating various distribution alternatives to determine the best way to get the product to the consumer.
question
With help from the marketing department, engineers at Easy Electronics have designed a new type of cable modem that is easier to install in computers and more reliable than any cable modems currently in use. The marketing managers want to find a way to identify the new modem in the minds of consumers and differentiate it from less sophisticated products made by Easy's competitors. An important part of this effort is likely to be the selection of a __________ for the new modem.
answer
brand name
question
Which of the following involves the analysis of markets to identify opportunities and challenges?
answer
Correct Marketing research.
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When making marketing mix decisions, marketing managers should consider:
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Correct the environment in which the firm operates.
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The first step in the marketing research process is to:
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Correct define the problem and determine the present situation.
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A widely used technique for collecting primary data is:
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Correct the observation method.
question
Which of the following is the best example of a market?
answer
Correct Senior citizens willing and able to cruise to the Bahamas.