Mkt 421 gide 2

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  • 1. MKT 421Click Here To Buy The Tutorial1) For Tesla, a new firm that makes an electric sports car, estimating how many competitors willmake electric vehicles and what kinds they will make, is: A. An example of the micro-macro dilemma. B. One of the universal functions of innovation. C. A part of marketing. D. A production activity.2) Predicting what types of bicycles different customers will want and deciding which of thesecustomers the business will try to satisfy are activities a firm should do as part of A. Marketing. B. Production. C. Making goods or performing services. D. A command economy.

2. 3) Which of the following statements best describes the modern view of marketing?A. Marketing is concerned with generating a single exchange between a firm and acustomer.B. The job of marketing is to get rid of whatever the company is producing.C. Marketing begins with anticipating potential customer needs.D. Marketing should take over production, accounting, and financial services within afirm.4) Professional Dental Supply has been successfully selling dental instruments to dentists forthe past 20 years, and has developed strong customer relations. When looking for newmarketing opportunities, Professional Dental Supply will most likely look first atA. Market development.B. Market penetration.C. Product development.D. Diversification.5) Which of the following statements regarding marketing strategies is FALSE? A. Developing successful marketing strategies does not need to be a hit-or-missproposition. 3. B. It is useful to think of the marketing strategy planning process as a narrowing-downprocess. C. These strategies require decisions about the specific customers the firm will targetand the marketing mix the firm will develop to appeal to that target market.D. These strategies must meet the needs of target customers, and a firm is likely to geta competitive advantage if it just meets needs in the same way as some other firm.6) To compete more successfully with its many competitors offering packaged cookies, FamousAmos added its own line of extra chunky premium cookies. This seems to be an effort at: A. Market development. B. Combination. C. Product development. D. Market penetration.7) Product is NOT concerned with: A. Branding. B. Packaging. C. Wholesale price. D. Quality level.8) Which of the following is true? 4. A. The product P in the marketing mix stands for both physical goods and services. B. The product P in the marketing mix stands for both physical goods and tangible C. The product P in the marketing mix stands for only tangible merchandise. D. The product P in the marketing mix stands for only physical goods.9) The four Ps of a marketing mix are: A. Promotion, Production, Price, and People B. Product, Place, Promotion, and Price C. Product, Price, Promotion, and Profit D. Production, Personnel, Price, and Physical Distribution10) A firms decisions regarding channel type, market exposure, and kinds of intermediarieswould fall under the marketing mix variable of A. Place. B. Price. C. Promotion. D. Product. 5. 11) Hewlett-Packard sells personal computers through specialty computer stores, electronicssuperstores, and its own Internet site. The marketing mix variable that is being considered hereis: A. Promotional. B. Placement. C. Product. D. Pricing.12) Dell, Inc. wants to offer customers televisions in addition to computers. This is a change intheir _____________________ A. promotional. B. product. C. personnel. D. pricing.13) Which of the following is part of a complete marketing plan? A. Competitors marketing strategies. B. What company resources (costs) are required and at what rate. C. How different marketing mixes (for different target markets) relate to each other. D. All of these. 6. 14) A marketing plan is: A. A marketing strategy. B. A target market and a related marketing mix. C. A marketing strategyplus the time-related details for carrying it out. D. A marketing program.15) Which of the following would probably NOT be in a proposed marketing plan? A. A statement of how frequently the design of the website will be changed. B. A description of the target market and marketing mix. C. Expected sales and profit results. D. A list of what company resources (costs) would be required.16) Marketing strategy planners should recognize that: A. Mass marketing is often very effective and desirable. B. Target marketing is not limited to small market segments.C. Large firms like General Electric, Target, and Procter & Gamble are too large to aimat clearly defined markets. 7. D. Target markets should not be large and spread out.17) Good marketing strategy planners know that: A. Target marketing does not limit one to small market segments. B. The terms mass marketing and mass marketer mean basically the same thing. C. Mass marketing is often very desirable and effective.D. Firms like Nabisco and WalMart are too large to aim at clearly defined targetmarkets.18) Target marketing, in contrast to mass marketing, A. Assumes that all customers are basically the same. B. Focuses on fairly homogeneous market segments. C. Ignores markets that are large and spread out. D. Is limited to small market segments.19) ______________ is the process of naming broad product-markets and then segmentingthese broad product-markets in order to select target markets and develop suitable marketingmixes. A. Market segmentation 8. B. Diversification C. Mass marketing D. Market positioning20) The process of naming broad product-markets and then segmenting them in order to selecttarget markets and develop suitable marketing mixes is called: A. Market segmentation. B. Market development. C. Market penetration. D. Market research.21) Clustering techniques applied to segmenting markets A. Usually require computers to group people based on data from market research. B. Remove the need for managerial judgment. C. Eliminate the need for marketing managers to specify in advance what dimensionsmight be relevant for grouping consumers. D. All of the above are true.22) A ______________ is an organized way of continually gathering and analyzing data to getinformation to help marketing managers make ongoing decisions. 9. A. Marketing model B. Marketing research project C. Marketing information system D. Marketing research department23) Procedures that develop and analyze new information to help marketing managers makedecisions are called: A. Operational planning. B. Analytical research. C. Strategy planning. D. Marketing research.24) ________________ ________________ utilizes qualitative and quantitative analysisprocedures to help marketing managers make more informed decisions. A. Marketing processing. B. Marketing structure. C. Marketing planning. D. Marketing research. 10. 25) The part of the relevant population that is surveyed by a researcher is called the: A. Focal group. B. Target population. C. Representative group. D. Sample.26) One of the major disadvantages of the focus group interview approach is that A. It is difficult to measure the results objectively. B. It is difficult to get in-depth information about the research topic. C. Ideas generated by the group cannot be tested later with other research. D. There is no interviewer, so the research questions may not be answered.27) Marketing research which seeks structured responses that can be summarized is called: A. Quantitative research. B. Qualitative research. C. Focus group research. D. Situation analysis research. 11. 28) The attitudes and behavior patterns of people are part of the A. Social and cultural environment. B. Competitive environment. C. Political environment. D. Firms resources and objectives.29) A small manufacturing firm has just experienced a rapid drop in sales. The marketingmanager thinks that he knows what the problem is and has been carefully analyzing secondarydata to check his thinking. His next step should be to: A. Develop a formal research project to gather primary data. B. Conduct informal discussion with outsiders, including intermediaries, to see if he hascorrectly defined the problem. C. Conduct an experiment. D. Develop a hypothesis and predict the future behavior of sales.30) Which of the following statements about consumer products is true?A. Shopping products are those products for which customers usually want to useroutinized buying behavior. B. Specialty products are those that customers usually are least willing to search for. C. Convenience products are those that customers want to buy at the lowest possibleprice. 12. D. Unsought products are not shopped for at all.31) The first step in market segmentation should be: A. Evaluating what segment(s) you currently serve. B. Finding a demographic group likely to use your products. C. Deciding what new product you could develop. D. Defining some broad product-markets where you may be able to operate profitably.32) Which is the first step in market segmentation? A. Clustering people with similar needs into a market segment. B. Finding one or two demographic characteristics to divide up the whole mass market. C. Naming a broad product-market of interest to the firm. D. Evaluating market segments to determine if they are large enough.33) ______________ is the process of naming broad product-markets and then segmentingthese broad product-markets in order to select target markets and develop suitable marketingmixes. 13. A. Strategic planning B. Market segmentation C. Mass marketing D. Market positioning34) Which of the following is a DEMOGRAPHIC segmenting dimension? A. Brand familiarity. B. Rate of use. C. Type of problem solving. D. Family life cycle.35) Tom and Sally Jones are preparing to purchase a new car. He currently has a Toyota Camryand she has a Honda Accord. They now have two children under age 5, so they plan to trade inSallys car to purchase a minivan. Sally and Tom decided on a Honda Odyssey because Sally isfamiliar with Hondas and

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