Question: QUESTION 1 _ _ _ _ _ _ _ _ management is the art and science of choosing target markets and getting, keeping, and growing
QUESTION
management is the art and science of choosing target markets and getting, keeping, and growing customers through creating, delivering, and communicating superior customer value.
Knowledge
Marketing
Distribution
Strategic
Operations
points
QUESTION
The task of any business is to
communicate similar value as provided by competitors
deliver customer value at a profit
differentiate in terms of cost of production
create customer needs
reduce competition
points
QUESTION
Which of the following elements of the marketing communications mix refers to any paid form of nonpersonal presentation and promotion of ideas, goods, or services by an identified sponsor via print, broadcast, network, electronic, and display media?
personal selling
direct marketing
public relations
advertising
sales promotion
points
QUESTION
A is a comprehensive, systematic, independent, and periodic examination of a company's or business unit's marketing environment, objectives, strategies, and activities, with a view to determining problem areas and opportunities and recommending a plan of action to improve the company's marketing performance.
marketing metric
test market
marketbased scorecard analysis
marketing plan
marketing audit
points
QUESTION
are a person's enduring favorable or unfavorable evaluations, emotional feelings, and action tendencies toward some object or idea.
Beliefs
Feelings
Attitudes
Discriminations
Values
points
QUESTION
Creative strategies refer to the
novelty of a marketing communication
way marketers translate their messages into a specific communication
amount of creative content in a communications message
type of medium used to deliver a marketing communication
degree of innovation involved in the marketing of a product
points
QUESTION
Establishing and communicating the distinctive benefits of the company's market offering for each target segment is called
market research
market dominance
marketing effectiveness
market positioning
market segmentation
points
QUESTION
A sales representative whose expertise is in unraveling customers' problem is called an
order taker
technician
demand creator
solution vendor
missionary
points
QUESTION
refer to the marketing communications element that involves companysponsored activities and programs designed to create daily or special brandrelated interactions with consumers.
Publicity campaigns
Public relations
Events and experiences
Advertisements
Trade promotions
points
QUESTION
When a consumer expresses thoughts, feelings, images, experiences, and beliefs associated with the brand, the consumer is expressing
selfserving bias
brand identity
brand knowledge
cognitive dissonance
ethnocentric bias
points
QUESTION
Using an established brand to introduce a new product is called brand
extension
parity
valuation
harmonization
positioning
points
QUESTION
If a marketer is seeking to segment a business market, which of the following variables is generally felt to be the most important?
demographic variables
personal characteristics
purchasing approaches
operating variables
situational factors
points
QUESTION
The number of times within a specified time period that an average person or household is exposed to an advertising message is known as
amplitude
impact
frequency
reach
depth
points
QUESTION
refers to the means by which firms attempt to inform, persuade, and remind consumersdirectly or indirectlyabout the products and brands they sell.
Operations management
Marketing communications
Planning
Financial management
Human resource development
points
QUESTION
In a marketing system, two or more unrelated companies put together resources or programs to exploit an emerging marketing opportunity.
reverse flow
lateral
horizontal
vertical
forward flow
points
QUESTION
is the process of carefully managing detailed information about individual customers and all customer "touch points" to maximize loyalty.
Customer satisfaction analysis
Customer relationship management
Customer profitability analysis
Customervalue delivery
Customer lifetime value
points
QUESTION
Which of the following is considered to be the last step in the marketing research process?
drafting the report
controlling the environment
presenting findings
arriving at a decision
analyzing information
points
QUESTION
The process of selecting one or more market segments to enter is called market
segmentation
resea
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