Chapter 01: What is CB and Why Should I Care?
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focuses exclusively on providing consumer value to remain ahead in a market.
focuses on eliminating all competition from a market and establishing market monopoly.
stresses the need to monitor and understand competitor actions in the marketplace.
stresses the need to prioritize the profitability of a company over consumer value.
53. Kim Mathews, a retired school teacher, recently relocated to her old neighborhood. To her dismay, she learned that the
trash collection company in the area charged almost double the price compared to the companies in other areas. She
complained to the company manager but was rudely told that she had to either pay the fee or dispose the trash on her own.
Kim had no other option but to pay the fee. The most likely reason the company had such poor customer service is that it:
was dependent on consumers’ repeat business.
did not have competitors providing the same service.
did not want to serve retired individuals.
served only high-income households.
54. Pure & Natural Inc. sells six different brands of laundry detergent. The products under different brands are tailored to
meet the requirements of different market segments. Which of the following marketing strategies does Pure & Natural Inc.
follow?
Production-oriented marketing
Undifferentiated marketing
55. The results of qualitative research are said to be researcher dependent because:
they require an examination of the relationships among many variables using multivariate statistical analysis.
the results allow a numerical representation of consumers’ attitudes and require interpretation by the
researcher.
the measurements are structured, meaning that the consumer will choose a response from among alternatives
supplied by the researcher.
the interpretation of the results is a matter of the researcher’s opinion until corroborated by other findings.
56. A company with a customer orientation will most likely:
prioritize making the production process as efficient and economical as possible.
prioritize consumer value and satisfaction above all other concerns.
focus primarily on using the mass media approach to reach consumers.
emphasize on serving customers while incurring minimum costs.
57. FittingTrends is a women’s clothing line dealing exclusively in stylish clothing and flattering fits for plus-size women.
Which of the following marketing plans does FittingTrends follow?