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Question 1
Question
Which of the following is not a factor primarily con- trolled by top management?
Answer
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Advertising strategy
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Line of business
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Role of marketing
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Overall objectives
Question 2
Question
When it is considered important by a firm, marketing is
Answer
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equated with sales.
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given staff status.
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heavily involved in consumer research.
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controlled by a production vice-president.
Question 3
Question
In selecting a target market, marketers usually
Answer
-
engage in market segmentation.
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ignore competitors.
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control the marketing plan.
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determine the marketing mix.
Question 4
Question
Which of the following is not a form of marketing
organization?
Answer
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Coordinated
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Functional
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Product-oriented
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Market-oriented
Question 5
Question
Product, price, promotion, and distribution decisions are components of the
Answer
-
marketing philosophy.
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marketing protocol.
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marketing mix.
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marketing organization.
Question 6
Question
Whether to sell via intermediaries or directly to con-
sumers, how many outlets to sell through, and wheth- er to control or cooperate with other channel members are examples of decisions marketers must make about
Answer
-
selling.
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production.
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distribution.
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price.
Question 7
Question
The most effective approach to the uncontrollable fac- tors in the marketing environment is
Answer
-
constantly reorganizing the marketing organization.
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product innovation.
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insulating the marketing plan from them.
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continuous monitoring of their effects.
Question 8
Question
In a monopoly, one firm
Answer
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finds that consumer demand is quite elastic.
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seeks to engage in price wars.
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has no control over price because merchandise is standardized.
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has a lot of control over the marketing plan.
Question 9
Question
Where a few large firms comprise most of an industry’s sales, the competitive structure is best described as
Answer
-
monopolistic competition.
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monopoly.
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oligopoly.
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competitive monopoly.
Question 10
Question
A firm has the least control over its pricing strategy in
Answer
-
monopolistic competition.
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pure competition.
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oligopoly.
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monopoly.
Question 11
Question
Which of these statements is not correct?
Answer
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It is necessary to study the competitive strategies of other firms.
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There is now a trend toward larger firms.
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Pure competition occurs much less often than does monopolistic competition.
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Foreign competitors now play a declining role in many industries.
Question 12
Question
When a firm defines its competition in generic terms,
it
Answer
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focuses on patent expiration dates.
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analyzes the competitive structure within a specific industry.
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looks at competition as broadly as possible.
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examines its existing channel partners.
Question 13
Question
Which type of competition most closely resembles generic competition?
Answer
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Intermodal competition
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Bimodal competition
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Direct competition
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Indirect competition
Question 14
Question
Which statement about technology is true?
Answer
-
Small firms can control the technological advances that affect them.
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Technology cannot reduce the impact of resource shortages.
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Loss of patent protection decreases competition.
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Patents provide exclusive rights to sell new prod- ucts for virtually limited time periods.
Question 15
Question
To attain its objectives, a firm is well advised to
Answer
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acquire feedback from the environment.
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maintain its existing strategies at all costs.
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ignore uncontrollable factors.
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bypass the independent media entirely.
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