1、31 Chapter 1 1. Marketing is _____. A.another word for advertising and sales B. only used by major corporations C.about satisfying customer needs D.about simply making a profit 2.The first step in the marketing process is to work to understand customers. True False 3. Once we have creat
2、ed value for customers, the final step in the marketing process is to capture value from them. True False 4.The most basic concept underlying marketing is that of _____. profits products human needs services 5.Marketers create social needs in consumers. True False (Marketers do not crea
3、te customer needs, whether social, physical or individual. Needs are a basic part of the human makeup.) 6.The act of obtaining a desired object from someone by offering something in return is called a(n) _____. exchange switch market sale 7.The art and science of choosing target markets and b
4、uilding profitable relationships with them is called _____. marketing profiles marketing maneuvers marketing selection marketing management 8.Which marketing philosophy listed below is useful when supply exceeds demand and when production costs are too high and need to be reduced? production c
5、oncept product concept selling concept marketing concept 9.Which marketing philosophy believes that an organization can achieve its goals if it knows the needs of its target market well and delivers satisfaction better than its competition? production concept product concept selling concept
6、 marketing concept 10.Customer relationship management (CRM) is solely about acquiring and keeping customers. True False (CRM is about acquiring, keeping and growing customers.) 11.To build lasting customer relationships, firms should focus on delivering _____ and _____. high quality products;
7、 low prices customer value; customer satisfaction customer satisfaction; customer growth customer value; high profits 12.It costs 5 to 10 times more to find a new customer than to keep a current one happy. True (Due to changing demographics, more competition, and overcapacity in many industries
8、 the cost of finding new customers is rising.) False 13.The aim of customer relationship management is to _____. create customer satisfaction create customer profits create customer delight create customer longing 14.The portion of the customer’s purchasing power that a company gets in its
9、product categories is called its _____. customer equity share of customer customer quotient customer lifetime value 15.Customers that are a good fit between a company’s offerings and that are expected to be loyal over the long term are called _____. butterflies barnacles true friends strang
10、ers 16.The most dramatic new technology is the Internet. True False 17.The _____ is the nation’s 24th largest advertiser with an annual budget of over $1 billion. Procter and Gamble Co. Boeing Co. Levi Strauss Co. U.S. Government 18.Which of the first four steps of the marketing process a
11、sks, “What consumers will we serve?” and “How can we best serve targeted customers?” Step 1: Understanding the marketplace Step 2: Designing the marketing strategy Step 3: Constructing the marketing program Step 4: Building profitable relationships with customers 19.Which step of the marketing
12、process is the most important? Step 1: Understanding the marketplace Step 2: Designing the marketing strategy Step 3: Constructing the marketing program Step 4: Building profitable relationships with customers 20.In addition to delighting customers, companies today must also harness technology,
13、 think globally and be ethically and socially responsible. True False Chapter 2 1.This type of business plan involves adapting the firm to take advantage of opportunities in its constantly changing environment. – annual plan – marketing plan – strategic plan – long-range plan 2.A good mi
14、ssion statement should be all of the following except _____. – market oriented – product oriented – realistic – motivating 3.The organization should base its mission statement on its _____. – profitable goals – customers’ welfare – product’s value – distinctive competencies 4.Business port
15、folio management involves two steps. Step 1 requires the business to analyze its current business portfolio. Step 2 requires it to shape its future portfolio. – True – False 5._____ are low-growth, high-share businesses or products. – Question marks – Cash cows – Dogs – Stars 6._____ ar
16、e high-growth, high-share businesses or products. – Question marks – Cash cows – Dogs – Stars 7. Which of the following are limitations to the BCG method of strategic planning? – difficult to implement – costly – provide little advice for the future – all of the above 8._____ has the m
17、ain responsibility for achieving profitable growth for a company. – Management – Human resources – Marketing – All of the above 9.Which of the following is an example of market penetration for Starbucks? – adding drive-thru windows to their current coffee shops – adding new stores in the
18、Southeast (market development) – adding hot breakfast items to the menu (product development) – buying Hear Music (diversification) 10. Downsizing is reducing the business portfolio by eliminating products or business units that are not profitable or no longer fit the company’s overall image. –
19、True – False 11.The _____ takes the customer’s point of view. – Human Resource Dept. – Management Dept. – Information Technology Dept. – Marketing Dept. 12._____ should be at the center of a company’s marketing strategy. • Customers • Profits • Products • Employees 13._____ involves divi
20、ding a market into distinct groups of buyers who have distinct needs, characteristics, or behaviors and who might require separate products or marketing mixes. • Market definition • Target marketing • Product positioning • Market segmentation 14.Once the various market segments have been determ
21、ined, the next step in the marketing strategy process is _____. • market evaluation • target marketing • product positioning • market penetration 15.A company should target segments in which it can profitably generate the greatest customer value and sustain it over time. • True • False 16.Th
22、e purpose of a product’s image statement is to present the product in a clear, distinct and desirable way relative to competing products in the minds of target consumers. • True • False (positioning statement) 17.The set of controllable, tactical marketing tools that the firm blends together to p
23、roduce its response to the wants of its target market are called its _____. • marketing arsenal • marketing mix • marketing portfolio • integrated marketing options (IMOs) 18.The four P’s in marketing refer to_____, _____, _____ and _____. • product; place; price; promotion • product; propert
24、y; price; promotion • production; property; people; promotion • product; place; promotion; people 19.Which of the “P’s” listed below relates to a customer’s cost? • product • place • price • promotion 20.Managers are correct in thinking that, “doing things right” (implementation) is more i
25、mportant than, “doing the right things” (strategy). • True • False (both are critical to success) Chapter 3 1.A company’s _____ consists of its suppliers, marketing intermediaries, customers, competitors and publics. – macroenvironment – microenvironment – business environment – marketing en
26、vironment 2._____ include resellers, marketing service agencies and financial firms that help a company to promote and sell its offerings to its final customers. – Advertising agencies – Suppliers – Intelligence firms – Marketing intermediaries 3.Marketers today are only concerned with their c
27、onsumer markets. – True – False (marketers today may have five types of customer markets. These are the consumer market, the business market, the reseller market, the government market and the international market. 4.A company’s _____ public includes its workers, managers, volunteers and board o
28、f directors. – employee – citizen-action – internal – human resource 5.The single most important demographic trend in the U.S. is the changing age structure of the population. – True – False 6.Of the seven generations present in the U.S. today, _____ is(are) the largest and most influentia
29、l. – the Baby Boomers – Generation X – Generation Y – the Millenials 7.In the United States today, married couples with children make up _____ of the nation’s 105 million households. – 50% – 65% – 25% – 34% 8.The disabled market is relatively small in the United States and is not being a
30、ctively pursued by marketers. – True – False (Marketers are actively pursuing this market, which is larger than the Hispanic and African-American markets) 9.The “shop until you drop” mentality of the 1990’s has been replaced with a more _____ approach. – save all you can – value is key – don’
31、t shop at all – splurge regularly 10.There are three trends in the natural environment that marketers are monitoring. These are _____, _____ and _____. – shortages of raw materials; increased legislation; increased consumerism – the green movement; shortages of raw materials; increased pollutio
32、n – increased pollution; increased government intervention; shortages of raw materials – increased consumerism; increased population; increased ethical expectations 11.The most dramatic force shaping business today is the _____ environment. – natural – technological – economic – political
33、12.Which country leads the world in research and development spending? – United States – Japan – China – Germany 13.Legislation affecting business has _____ over the years. – increased steadily – decreased slightly – remained steady – grown immensely 14.This legislation prohibits Web sit
34、es or online services from collecting personal information from children without parental consent. – Wheeler-Lea Act – Child Protection Act – Children’s Internet Protection Act – Children’s Online Privacy Protection Act 15.Which of the following is not one of the reasons business legislation i
35、s enacted? – To protect companies from each other – To protect companies from consumers – To protect consumers from unfair business practices – To protect the interests of society 16.A person’s core values and beliefs are often erratic. – True – False (People’s core beliefs and values have a
36、 high degree of persistence.) 17.Which of the following is not one of the ways a society’s values are expressed? – people’s view of history – people’s view of society – people’s view of the universe – people’s view of others 18.Recently, observers have noted a shift from a “me society” to a “w
37、e society.” – True – False 19.A woman who drives a hybrid car, consistently recycles, and buys “earth-friendly” products, is acting out her view of _____. – society – organizations – others – nature 20.A company has several options with regard to its marketing environment. A strong company
38、takes a(n) _____ approach. – proactive – reactive – ingenuous – peaceful 21.A company’s macroenvironment consists of all of the following except _____. – demographic forces – economic forces – competitive forces – none of the above Chapter 4 1.Managers today often receive _____ informatio
39、n. – too much – too little – irrelevant – both 1 and 3 2.A _____ consists of the people, equipment and procedures to gather, sort, analyze and distribute accurate information to marketing decision makers. – marketing intelligence system – database mining system – marketing information system
40、 – marketing research system 3.A marketing information system begins and ends with information from _____. – customers – databases – administrators – users 4.The costs of obtaining, processing, storing and delivering information is relatively inexpensive. – True – False (the costs can incre
41、ase quickly, forcing managers to decide if the information is worth the expense) 5.Which of the following is a problem with using internal databases? – the information was collected for another reason – the information is in the wrong format – the information may be out of date – all of the abo
42、ve 6.The goal of _____ is to improve strategic decision making, access and track competitors’ actions, and to provide early warning of opportunities and threats. – competitive research analysis – marketing intelligence – information technology – marketing segmentation 7. A new source for compe
43、titor-supplied information is the Internet. – True – False 8.What are the four steps (in order) of the marketing research process? – Define the problem, develop the research plan, implement the research plan, survey the participants. – Define the problem, develop the research plan, implement th
44、e research plan, report the findings. – Define the problem, develop the research plan, survey the participants, report the findings. – Develop the research plan, implement the research plan, survey the participants, report the findings. 9.What is the often the hardest step in the marketing resear
45、ch process? – defining the problem – developing the research plan – implementing the research plan – reporting the findings 10.The objective of _____ is to gather preliminary information that will help define the problem and suggest reasons. – causal research – competitive research – descrip
46、tive research – exploratory research 11._____ consists of information that already exists having been collected prior to the research plan. – Primary data – Secondary data – Exploratory data – Sales research 12. Researchers usually start with _____ when developing the research plan. – primar
47、y data – secondary data – projection research – sales research 13.The three types of research approaches a marketer may use are _____, _____ and _____. – surveys; observations; historic reviews – observations; surveys; databases – observations; experiments; surveys – experiments; databases;
48、surveys 14. The most widely used form of primary research and the one best suited for descriptive information is _____ – survey research – ethnographic research – observational research – experimental research 15. Which type of research is best suited for gathering causal information? – surve
49、y research – ethnographic research – observational research – experimental research 16.If a marketer wanted to collect large amounts of information at a low cost per respondent, she could use _____. – telephone interviews – mail questionnaires – focus groups – approach interviews 17.If a ma
50、rketer wanted to collect information quickly and allow for flexible answers, he should use _____. – telephone interviews – mail questionnaires – focus groups – approach interviews 18. Interviewer bias is often greater with _____. – telephone interviews – mail questionnaires – focus groups –






