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Quiz

Chapter 1: Test 1 - MKT 305

smjackson7 54 perguntas

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Perguntas do quiz (54)

  1. 1Which of the following is the best definition for marketing?
    1. AMarketing is an organizational function and a set of business activities designed to make profits.
    2. BMarketing is an organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders.
    3. CMarketing is a business function and a process for determining the value customers desire in order to gain profit for business organizations and to seek societal benefits through nonprofit marketing.
    4. DMarketing is finding a hole and filling it while earning profitable dollars.
    5. EMarketing is the result of the equilibrium of supply, demand, marginal cost, and marginal revenue.
  2. 2Which of the following is most accurate?
    1. AMarketing is an attempt to create an exchange.
    2. BMarketing is an attempt to create long-term customer relationships
    3. CMarketing is an attempt to create long-term customer relationships which will then likely satisfy the organization's objectives.
    4. DMarketing is an attempt to earn profitable dollars.
    5. EMarketing is an attempt to gain customers from competitors while at least breaking even profitwise.
  3. 3According to the AMA definition of marketing, which of the following is true of marketing?
    1. A"Making the sale" should be considered the end of marketing.
    2. BMarketing is carried out for the benefit of the customer.
    3. CMarketing is carried out for the benefit of the stakeholders.
    4. DMarketing should not be considered an organizational function.
    5. Eall of the above
  4. 4What does the phrase "hearing the voice of the consumer" mean?
    1. A Companies have the information they need to effectively satisfy wants and needs in the marketplace.
    2. BCompanies specifically use telemarketing to hear their customers' opinions.
    3. CMarketing is carried out for the benefit of the customers.
    4. DMarket trials are necessary for certain products.
  5. 5The key reason that the marketing concept has been recognized as the "right philosophy" is that it:
    1. Ais well established in the marketing literature
    2. Bhas been recommended by successful marketing executives
    3. Cdoes not rely on high-pressure selling
    4. D stresses understanding the competition
    5. Ealways puts the customer first
  6. 6What would a strategy "that allows a firm to truly meet the wants and needs of the consumers within the market segment that is chosen" be called?
    1. Athe "niche" strategy
    2. Bthe "incentivized" strategy
    3. Cthe information strategy
    4. Dthe "right" strategy
    5. Ethe recommended strategy
  7. 7In order to develop the "right strategy" to succeed in business, managers must make the right decisions; and in order to make the right decisions, they must have objective, accurate, and timely:
    1. Areports about the competition
    2. Breports about customers wants and needs
    3. Cinformation about market trends and changes
    4. Dthe number and sizes of market segments
    5. Einformation
  8. 8Which of the following is the best definition of marketing research? Marketing research is:
    1. Athe activity of analyzing secondary information and providing executives with timely reports
    2. Bthe process of designing experiments that provide decision makers with causal information
    3. Cthe linking of consumers with information managers
    4. Dthe process of designing, gathering, analyzing, and reporting information that may be used to solve a specific marketing problem
    5. Ethe process of designing, gathering, analyzing, and reporting information that may be used to solve general marketing problems
  9. 9Which of the following products was actually a failure after marketing research predicted it would be successful?
    1. AIce Breakers Pacs
    2. BCoca-Cola C2
    3. CWolfgang Puck's Self-Heating Latte
    4. DCoca-Cola Blak
    5. Eall of the above
  10. 10Market research refers to________.
    1. Aapplying marketing research to a specific geographical marketing area
    2. Ba process used by businesses to collect information used to make sound business decisions and successfully manage the business
    3. Ca process used by businesses to analyze and interpret information used to make sound business decisions and successfully manage the business
    4. Dthe function that links the consumer, customer, and public to the marketer through information
    5. Einformation used to identify and define marketing opportunities and problems

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Descrição
An Introduction to Marketing Research Questions 1-54 Mixed Multiple Choice & T/F
Idioma
English
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