Marketing Chapter 5 Quiz

18 April 2024
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​_________ refers to the practice of including ethnic themes and​ cross-cultural practices within a​ company's mainstream.
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A total market strategy
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Which of the following is a social factor that influences consumer buying​ behavior?
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Roles and status
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A purse​ company's ads feature the members of a popular housewives reality show. Product sales increase significantly among the fans. From the​ fans' viewpoint, the housewives reality show is​ a(n) _____.
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reference group
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Which of the following types of marketing involves creating opinion leaders to serve as brand ambassadors to spread the word about a​ company's products?
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Buzz marketing
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When marketers want to promote their products and services through​ word-of-mouth marketing​ programs, they typically begin by​ ________.
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generating​ person-to-person brand conversations
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Which of the following is a personal factor that influences a​ consumer's buying​ behavior?
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Occupation
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Which of the following needs in​ Maslow's hierarchy is generally satisfied​ first?
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Physiological needs
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According to the model of buyer​ behavior, what is in a​ buyer's black​ box?
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The​ buyer's characteristics and the​ buyer's decision process
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What is the first step of the buyer decision​ process?
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Need recognition
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Consumers can obtain information from any of several sources. Which source is the most effective in that they legitimize the​ product?
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Personal sources
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What determines if a buyer is satisfied or dissatisfied with a​ purchase?
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The relationship between the​ consumer's expectations and the​ product's perceived performance
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Which of the following lists the five steps of the buyer decision process in the correct​ order?
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Need​ recognition, information​ search, evaluation of​ alternatives, purchase​ decision, and postpurchase behavior.
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​_________ refers to the degree to which innovation appears superior to existing products.
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Relative advantage
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​_________ is NOT a characteristic important in influencing an​ innovation's rate of adoption.
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Motivation
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​______________ is the first stage in the new product adoption process.
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Awareness
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This adopter group is skeptical and only adopts new products after a majority of people has tried it.
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Late mainstream.
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Which of the five characteristics identified in the text has an inverse relationship with an​ innovation's rate of​ adoption? As this characteristic​ increases, the rate of adoption is slower.
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Complexity
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In a​ _________, the​ business-to-business buyer reorders something without modifications.
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straight rebuy
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Which of the following statements regarding the business market is​ correct?
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Many sets of business purchases are made for one set of consumer purchases.
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What is the nature of demand in business​ markets?
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Demand in business markets is derived demand.
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All the people involved in the buying decision in an organization are collectively known as​ _______.
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the buying center
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​Age, personality, buying​ style, and job position are​ ________ factors that can influence the business buying decision process.
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individual
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In which type of buying situation will a buyer usually go through all the stages of the business buying​ process?
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A new task buying situation
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Items such as technical​ specifications, quantity, delivery​ time, return policies and warranties are included in the​ ____________.
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order routine specification
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One problem with​ business-to-business e-procurement is that it​ _______.
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can erode​ long-standing customer-supplier relationships