CE 805

Type

Quiz

Book Title

A Preface to Marketing Management 14th Edition

ISBN 13

978-0077861063

October 29, 2015

Franklin Inc., an apparel manufacturer based in Scotland, opened a new store in the

United States. Franklin's designs were well received by consumers in the host country.

However, the firm incurred very high expenses due to the expensive rents and the

higher costs of labor. Also, there was a hike in the price of fuel in the United States.

This led to increased expenditures on the transportation of goods. This indicates that

Franklin Inc. had serious issues in the United States due to poor:

A. political conditions.

B. legal conditions.

C. economic conditions.

D. cultural conditions.

Answer:

Which of the following is a sales forecasting method that obtains the combined views

of the sales force about the future outlook for sales?

A. Sales force executive opinion method

B. Sales force composite method

C. Sales force time-series analysis

D. Sales force correlation analysis

Answer:

Johnson & Coleman has created a new line of premium quality writing desks. The

company marketed the product by highlighting its durability and functionality.

According to the VALSâ„¢, to which of the following psychographic groups would the

writing desk appeal the most?

A. Achievers

B. Strivers

C. Experiencers

D. Thinkers

Answer:

Which of the following is an internal factor that can either facilitate or impede a

company's efforts to undertake a global approach to marketing strategies?

A. Competition

B. Economic conditions

C. The environment

D. Management process

Answer:

Origin International has developed a new device for monitoring refrigerant leaks in

supermarket refrigerated display cases. The devices are compliant with the latest

environmental standards. To identify supermarkets and convenience stores that would

be interested in its new product, Origin's sales department publishes an advertisement in

the supplement of the local newspaper with its basic contact details. A coupon is

attached to the advertisement in case interested store owners want to use it to seek

further information. Based on this scenario, it can be inferred that Origin is using _____

for its prospecting.

A. selected-lead searching

B. lead recruitment

C. lead qualifiers

D. random lead generation

Answer:

_____ research can yield a wealth of strategic information about customers, the

sponsoring company, and competitors.

A. Customer demographics

B. Customer satisfaction

C. Customer status

D. Customer profile

Answer:

A bank offering a guarantee of same-day loan processing is a typical example of which

of the following determinants of service quality?

A. Intangibility

B. Assurance

C. Sympathy

D. Empathy

Answer:

A computer manufacturer markets its computers through a variety of

methods'”telemarketing, catalog selling, cable selling, and online selling'”that do not

involve the use of intermediaries. Which of the following channels or types of

marketing is the manufacturer using?

A. Horizontal channel

B. Direct channel

C. Intermediary marketing

D. Administered marketing

Answer:

The starting point in the buying process involves the:

A. recognition of an unsatisfied need by the consumer.

B. collection of information by the consumer for the purchase.

C. segregation of pending purchase decisions of the consumer.

D. evaluation of alternatives based on what the consumer has already learnt.

Answer:

Which of the following is a significant characteristic of lower Americans?

A. Access to food stamps

B. Emphasis on family ties

C. Focus on recreational aspects

D. Concern with fashion

Answer:

Which of the following is a major constraint faced by global marketers in devising

global pricing strategies?

A. Restrictions on advertising

B. Export incentives

C. Non availability of media

D. Import duties

Answer:

If a market researcher is analyzing the current situation involving the problem to be

researched, he is most likely working on the _____.

A. performance of the research

B. purpose of the research

C. preparation of the research report

D. processing of research data

If a market researcher is analyzing the current situation involving the problem to be

researched, he is most likely working on the purpose of the research. At the end of

purpose of the research stage, managers and researchers should agree on (1) the current

situation involving the problem to be researched, (2) the nature of the problem, and (3)

the specific question or questions the research is designed to investigate.

Answer:

Which of the following is true of mass merchandisers?

A. They handle deep assortments in a limited number of product categories.

B. They compete on the basis of providing variety in different product categories and

low-priced products in their large assortments.

C. They are retailers whose primary advantages to consumers are suitable location,

close-in parking, and easy entry and exit.

D. They are large, low-priced limited-line retail chains that attempt to capitalize and

establish themselves in a single product category.

Answer:

_____ are consumer goods that are purchased frequently with minimum effort.

A. Specialty goods

B. Convenience goods

C. Shopping goods

D. Luxury goods

Answer:

A company tends to use penetration pricing when it:

A. perceives the demand for a new product to be price inelastic.

B. wants to charge a relatively high price on a new product.

C. expects competition to move in rapidly.

D. has a temporary monopoly in the market.

Answer:

Which of the following sources of information regarding a purchase decision refers to

handling, examining, and trying out a product while shopping?

A. Internal sources

B. Marketing sources

C. Experiential sources

D. Public sources

Experiential sources refer to handling, examining, and trying the product while

shopping. This usually requires an actual shopping trip by the individual and may be the

final source consulted before purchase.

Answer:

Amosa is employed at a firm that manufactures surfboards. He is currently tasked with

identifying a suitable vendor to supply fiberglass cloth to the company. After narrowing

down several suppliers from a list, he identified several suitable suppliers for the

company. According to the organizational buying process, in the next stage, Amosa

must:

A. determine whether the products are acceptable for future purchases or whether other

sources of supply should be found.

B. negotiate on price and terms and formal contracts stating quality, delivery, and

service criteria.

C. narrow down to a single supplier and establish a sole-sourcing relationship with the

vendor.

D. identify other products and services that the company may need in order to

accomplish its objectives.

Answer:

Which of the following best explains why Delicia Co., a manufacturer of potato chips,

prices each bag of potato chips at 99 cents rather than $1.00?

A. To encourage consumers to think these chips are less expensive

B. To attract those consumers who are not too keen about the quality of the chips

C. To create a signal that these chips are exceptionally fine

D. To increase sales by offering the chips at a discounted price

Answer:

India Apparel Inc. is a popular clothing manufacturer in India. It intends to introduce its

clothing line in the United States. However, before it does so on a large scale, it releases

a portion of its line in two select clothing retail stores in the United States. India

Apparel Inc. aims to sell the products on this small-scale basis to estimate consumer

acceptance and competitive retaliation before deciding whether its products will work

in the American market. This approach to marketing a product is called _____.

A. internal marketing

B. test marketing

C. digital marketing

D. social marketing

Answer: