Marketing Principles 205 Quiz 2 ( Grewal/Levy)

What two metrics are used in the BCG portfolio analysis to evaluate the various products of a firm?

Starbucks recently introduced Via, its brand of instant coffee, to exploit the growth opportunities for new products in current markets. As he prepared for the instant coffee product's North American rollout, Chief Executive Howard Schultz called Starbucks Corporation's Via Ready Brew "perhaps the biggest opportunity" in company history. This is an example of which growth strategy?

Through which of the following marketing mix variables do companies capture value from consumers, resulting in the generation of revenue?

To evaluate the effectiveness or performance of a marketing strategy, firms typically use

To evaluate the effectiveness or performance of a marketing strategy, firms typically use

A SWOT analysis involves an analysis of factors internal to the company, which include _____ as well as factors outside the company, which include _____.

Which of the following is a marketing metric that might be used to evaluate the performance of a company's implementation of its marketing plan?

Which growth strategy is being used when a firm introduces a new product or service to a market segment that is currently not served by the firm?

When marketers make their offering available when and where the customer wants it, which of the following elements of the marketing mix is involved?

Which of the following is one of the four major growth strategies marketers typically utilize?

When a firm considers its overall objectives and considers the type of business it is in, it is engaged in which of the following steps of the marketing planning process?

Which of the following is one of the major considerations involved when a company develops its marketing strategy?

General Motors determined that it would close down divisions that were in low-growth markets that had relatively low market shares. According to the BCG product portfolio analysis, GM was identifying divisions in the _____ category for closure.

When managers at General Motors evaluated all the firms' various divisions and then chose to close both the Saturn and Pontiac divisions, it was involved in

Marriott Hotels recognizes that there are different groups of travelers with different needs, wants, and characteristics in their choice of lodging. The process of dividing Marriott's market into these various groups is

A local coffee shop is known for poor customer service and an unclean, dirty environment. These factors would be classified as _____ in a SWOT analysis.

Toothpaste manufacturers understand that consumers have different needs when it comes to toothpaste (i.e., teeth whitening, sensitive teeth, breath freshening, and tartar control). Knowing that, they have divided the market based on these various needs and developed toothpaste to accommodate each group. By doing so, these toothpaste manufacturers are involved in

Singapore Airlines is recognized as an industry leader for exemplary customer service, and has continued to add new ways to serve customers better than competitors. In doing so, it has focused on sustaining its competitive advantage through _____ excellence.

Companies must deliver more value and satisfaction to target consumers than its competitors to gain a

Honda marketed its CR-Z hybrid model to a distinct segment of consumers as a fun, green, sporty hybrid that stands out as being uniquely different from other hybrid models. This is an example of which of the following?

Which of the following represents the three major phases of a marketing plan?

According to the BCG matrix, which type of product typically has excess resources which can be used to support other products that need additional resources?

In an attempt to increase sales during a lagging economy, Macy's has increased its advertising and sales promotions for its current products to stimulate sales in its current markets. Which growth strategy is Macy's employing?

Although Starbucks, Dunkin' Donuts, and McDonald's all strive to provide a good cup of coffee and pastries to their respective target markets, the difference in who they target, how they design their marketing mix, and what they choose as the basis of building their competitive advantage is directly related to their own

The Goodyear Tire Company is organized by regions: North America, Europe, Middle East and Africa, Latin America, and Asia Pacific. These divisions of Goodyear are called

A written document composed of an analysis of the current marketing situation, opportunities and threats for the firm, marketing objectives and strategy specified in terms of the four Ps, action programs, and projected income statements is referred to as a(n)

After a firm has conducted a SWOT analysis, it would typically progress to the next step of marketing planning which is _______ and involves using STP (segmentation, targeting, and positioning).

A _______ is a measuring system that quantifies a trend, dynamic, or characteristic and is used by marketers to help explain why things happened and also to predict the future.

The SWOT analysis is typically conducted during which of the following steps in the marketing planning process?

Marketers communicate the value proposition to their customers through a variety of media, such as television and the Internet. Which of the four Ps does this represent?