Question: 5 2 : 1 3 MKT 4 2 5 - MID - TERM TEST - ( BA 2 7 0 2 B ( 2 0

52:13
MKT425- MID-TERM TEST -(BA2702B (20242I)
Hi, NOR ELLIA NATASHA. When you submit this form, the owner will see your name and email address.
1.According to the BCG growth-market share matrix, ________ are strategic business units with products that have a dominant market share in a high-growth market.
(1 Point)
stars
cash cows
dogs
question marks
2.Which of the following is general information collected by specialized firms on a regular basis and then sold to other firms?
(1 Point)
custom research
perceptual tracking
syndicated research
competitive research
3.The overall rank of people in a society according the value assigned to factors such income level, education, and occupation, is known as ________.
(1 Point)
subculture
mass class
social class
microculture
4._______ is the process of collecting, analyzing, and interpreting data about customers, competitors, and the business environment to improve marketing effectiveness.
(1 Point)
Market research
Market intelligence
Marketing management
Competitive intelligence
5.One way marketers identify consumers' lifestyles is to use AIO, which describes people in terms of _________.
(1 Point)
abilities, income, and opinions
abilities, interests, and opinions
activities, interests, and opinions
activities, interests, and organizations
6.Through ________ competition, competitors offer different goods and services that attempt to satisfy the same consumers' needs and wants
(1 Point)
perfect
product
oligopoly
monopolistic
7.Which type of research tends to generate non-numeric results that provide detailed verbal or visual information about consumers' attitudes, feelings, and buying behaviors?
(1 Point)
causal research
descriptive research
qualitative research
quantitative research
8.Which of the following is NOT a key element of the external environment?
(1 Point)
economic environment
sustainable environment
competitive environment
technological environment
9.Raw, unorganized facts that need to be processed are called ________.
(1 Point)
data
samples
insight
information
10.A firm's sales records including back-orders, out of stock items, and customer buying history are examples of _________.
(1 Point)
market research
acquired databases
internal company data
marketing intelligence
11.Which of the following is NOT an example of exploratory research?
(1 Point)
case studies
focus groups
in depth interview
unobtrusive measures
12.Which of the following is NOT one of the steps in market planning?
(1 Point)
Set marketing objectives
Develop marketing strategies
Implement and control the marketing plan
Define and communicate the mission and values
13.X is a form of licensing involving the right to adapt an entire system of doing business. What is X?
(1 Point)
Importing
Franchising
Exporting
Joint venture
14.Which of the following is a true statement about the four Ps of the marketing mix?
(1 Point)
Price is always the most important of the four Ps
Place is typically the least important of the four Ps
The four Ps have little effect on a product's market position
A decision about one of the Ps affects every other marketing-mix decision
15.Many Malaysians believe that Malaysian nasi lemak is better than what is produced in Indonesia. This is an example of consumer _________.
(1 Point)
expropriation
ethnocentrism
domestication
nationalization
16.According to the BCG growth-market share matrix, ________ are strategic business units with products that have low market shares in fast-growth markets.
(1 Point)
stars
cash cows
dogs
question marks
17.A firm's internal business environment does NOT include its __________.
(1 Point)
products
customers
employees
technologies
18.The seller is "the only game in town" and feels little pressure to keep prices low or to produce quality goods or services in a(n)_________ structure.
(1 Point)
oligopoly
natural competition
monopoly
perfect competition
19.Data that have been collected first hand for the purpose of answering the question at hand are called _________.
(1 Point)
primary data
secondary data
ethnographic data
experimental data
20.The greater the _________ of a purchase, the higher the consumer's level of involvement will be.
(1 Point)
targeting
heuristics
perceive risk
psychographics
21.To establish UiTM as a Globally Renowned University of Science, Technology, Humanities and Entrepreneurship. This is an example of UiTM __________ statement.
(1 Point)
value
mission
vision
objectives
22.A ________ is a desire for a particular product a consumer uses to satisfy a need in a specific way that is culturally and socially influenced.
(1 Point)
need
want
demand
benefit
23.Which of the following is an example of a transaction that might occur in business-to- business marketing?
(1 Point)
The amateur gardener buys a new wheelbarrow.
David buys a new razor on his way home from work.
The professional chef bakes a birthday cake for her son.
The retail outlet buys athletic shoes to sell in its store.
24.Which of the following occurs when prices and the cost of living rise while money loses its purchasing power?
(1 Point)
inflation
deflation
recovery
prosperity
25.Which of the following is NOT considered part of the firm's sociocultural environment?
(1 Point)
ethnocentrism
social norms
demographics
human right issues
26.A consumer who is armed with information and is narrowing down his choices by comparing the pros and cons of each remaining option is in the _______ step of the consumer decision- making process.
(1 Point)
product choice
information search
post-purchase decision
evaluation of alternatives
27.The first step in the market research process is to _________.
(1 Point)
collect the data
define research problem
design the sample
analyze and interpret data
28.The three levels of business planning are __________.
(1 Point)
portfolio, strategic, and functional
operational, functional, and tactical
strategic, functional, and operational
managerial, operational, and promotional
29.The consists of the tools an organization uses to create a desired response among a set of predefined consumers.
(1 Point)
marketplace
marketing mix
market position
value proposition
30.A _________ is a series of activities involved in designing, producing, marketing, delivering, and supporting any product.
(1 Point)
value chain
market position
value proposition
marketing concept
31.Items such as paper towels or sugar that are purchased for use by a family are considered as ___________.
(1 Point)
utilities
industrial goods
consumer goods
value propositions
32._________ are intangible products that we pay for and use but never own.
(1 Point)
Products
Services
Consumer goods
E-commerce products
33.A(n) is an internal corporate communication network that uses Internet technology to link company departments, employees, and databases.
(1 Point)
internet
intranet
extranet
social network
34.According to the product-growth market matrix, a strategy that seek to increase sales of existing products to existing markets is called as ___________ strategy.
(1 Point)
diversification
market development
market penetration
product development
35.The CEO, president, and top executive officers are responsible for _______ in the strategic plan.
(1 Point)
designing campaigns
defining the firms purpose
determining employees benefits
developing the details of pricing strategy

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!