marketing quiz

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marketing_quiz.docx

1. Market segmentation breaks mass markets into segments that have different buying habits. (Points : 2)

       True         False 

Question 2.2. This is the person in an organization who has the ultimate authority for a "go-no-go" purchase decision. (Points : 2)

       the initiator        the influencer        the decider        the purchaser

Question 3.3. John is a Marketing Manager for Kaplan Soda Inc.  He is making decisions about which customer groups his company will pursue for a particular brand or product line.  What is this commonly referred to in marketing? (Points : 2)

       product segmentation        perpetual map        target marketing        market segmentation

Question 4.4. Most advertisements of industrial products in trade magazines are very ________ oriented. (Points : 2)

       feature        status        price        service

Question 5.5. Conni is a marketing manager for a paper manufacturer.  Many customers are identified as a straight rebuy.  Which of the following is an example of a straight rebuy? (Points : 2)

       frequently purchased routine purchases such as printer toner        upgrading the local intranet with new technologies        purchasing the first local intranet for a small business        routine purchases that have changed in some way such as air travel

Question 6.6. A SWOT analysis focuses on which of the following? (Points : 2)

       on your business only        on both your business and your competitors        on your competitors' businesses only        on the customers only

Question 7.7. What type of competition can destroy entire product categories when a major innovation occurs, so it requires attention, especially for long-run planning? (Points : 2)

       Product form        Product category        Generic        Budget

Question 8.8. Which of the following types of competition can be defined as products or services that the customer views as fulfilling the same need? (Points : 2)

       product form competition        product category competition        generic competition        budget competition

Question 9.9. What is the percentage change in one product's sales due to a percentage change in a marketing variable (such as price) for another product? (Points : 2)

       Reverse-elasticity        Demand-elasticity        Cross-elasticity        Supply-elasticity

Question 10.10. Tim is the marketing manager of a toy company.  He is segmenting the market via psychographics.  Which of the following is an example of a psychographic variable? (Points : 2)

       religion        lifestyle        social class        density

Question 11.11. Which of the following refers to one particular product segment of a particular industry? (Points : 2)

       a product brand.        a product variant.        a product type.        a product class.

Question 12.12. A market structure analysis is used to better understand the: (Points : 2)

       competition.        customers.        employees.        social environment.

Question 13.13. Cathy is a marketing manager for a computer organization.  She is working on a new magazine ad and assessing the features of a new product.  Which of the following best describes different specific combinations of features within each product type? (Points : 2)

       product types        product variants and brands        industry        product categories

Question 14.14. Sean is a marketing manager for a car manufacturer.  He is looking to reach older married couples with dependent children.  Which of the following stages of the family life cycle best describes older married couples with dependent children? (Points : 2)

       Full nest II        Empty nest I        Empty nest II        Full nest III

Question 15.15. In technology-based markets, the marketing manager must understand who the different customers that will purchase the product at the introductory stage of the product life cycle and who will purchase the product as it matures. According to Everett Rogers, which of the following types of customers will be the first to buy the product? (Points : 2)

       early adopters        early majority        innovators        laggards

Question 16.16. Conni is a marketing manager for a paper manufacturer.  Many customers are identified as a straight rebuy. Identify the correct statement about a straight rebuy. (Points : 2)

       It is a very complex process.        A long time frame is required for this process.        The current supplier is in an advantageous position in a straight rebuy.        It takes place while purchasing expensive and seldom-purchased products.

Question 17.17. When a firm markets a product or service to another organization, it is called organization marketing. (Points : 2)

       True         False 

Question 18.18. John is the marketing manager for a technology services company.  They are looking to target the person who first recognizes the need for the product or service.  What is this commonly referred to in marketing? (Points : 2)

       The initiator        The influencer        The decider        The purchaser

Question 19.19. The bottom line of a competitor analysis is: (Points : 2)

       assessing current marketing strategies of the competitors.        identifying strengths and weaknesses of your own organization.        assessing strengths and weaknesses of the competitors.        forecasting likely future strategies of the competitors.

Question 20.20. The value proposition offered by the competitors and the marketing mix used by them will most likely fall under which of the following parts of the competitor analysis? (Points : 2)

       determination of the competitors' major objectives        assessment of the competitors' current marketing strategies        assessment of the competitors' strengths and weaknesses        internal analysis of your firm's strengths and weaknesses relative to the competitors