Which of the following is NOT one of the four philosophies of marketing?
A. Production orientation
B. Societal marketing orientation
C. Sales orientation
D. Promotion orientation
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Of the four competing philosophies, the Furniture Industry is an example of what kind of orientation:
A. Sales Orientation
B. Societal Marketing Orientation
C. Marketing Orientation
D. Production Orientation
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Which of the following firms emphasizes on product’s benefits to the customers rather product attributes?
A. Product oriented
B. Market oriented
C. Sales oriented
D. Production oriented
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Products that are usually purchased due to adversity and high promotional back up rather than desire are called:
A. Sought goods
B. Unique goods
C. Unsought goods
D. Preferred goods
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Which product is MOST likely to be purchased through routine decision making?
A. Television set
B. Soft drink
C. Shirt
D. Car
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Luxury products, such as Rolex watches, are also known as:
A. Shopping product
B. Convenience product
C. Emergency product
D. Specialty product
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Which of the following is the most recent stage of marketing evolution?
A. Marketing department era
B. Production era
C. Sales era
D. Marketing company era
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Which of the following is NOT included as a basic idea in the definition of marketing concepts?
A. Total company effort
B. Profit
C. Productivity
D. Customer satisfaction
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Which of the following is NOT included in the marketing management process used by the marketing manager to achieve its objectives?
A. Planning marketing activities
B. Raising funds to finance the marketing projects
C. Controlling marketing plans
D. Directing implementation of the marketing plans
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Which of the following is NOT consistent with a manager having a marketing orientation?
A. Inventory levels are set with customer requirements and costs in mind
B. Customer relationship focuses on customer satisfaction before and after sale, leading to a profitable long-run relationship
C. Focus of advertising is on product features and how products are made
D. Packaging is designed for customer convenience and as a selling tool
Select an option to see the answer and solution.
In order for exchange to occur:
A. A complex societal system must be involved.
B. Organized marketing activities must also occur.
C. A profit-oriented organization must be involved.
D. Each party must have something of value to the other party.
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Four competing philosophies strongly influence the role of marketing and marketing activities within an organization. Which if the following is not a component of market orientation?
A. Customer orientation
B. Profitability orientation
C. Marketing orientation
D. Competitor orientation
Select an option to see the answer and solution.
A market orientation recognizes that:
A. Price is the most important variable for customers.
B. Market intelligence relating to current and future customer needs is important.
C. Selling and marketing is essentially the same thing.
D. Sales depend predominantly on an aggressive sales force.
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A critical marketing perspective is the process of determining:
A. The value of a product, person, or idea
B. How places compete with each other
C. The worth and impact of marketing activities
D. Which type of promotional strategy works best
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The way in which the product is delivered to meet the customers' needs refers to:
A. New product concepts and improvements
B. Selling
C. Advertising and promotion activities
D. Place or distribution activities
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The term 'marketing mix' describes:
A. A composite analysis of all environmental factors inside and outside the firm
B. A series of business decisions that aid in selling a product.
C. The relationship between firms’s marketing strengths and its business weaknesses.
D. A blending of strategic elements to satisfy specific target markets
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Newsletters, catalogues, and invitations to organisation-sponsored events are most closely associated with the marketing mix activity of:
A. Pricing
B. Distribution
C. Product development
D. Promotion
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Chimney Sweeps employs people to clean fireplaces and chimneys in homes and apartments.The firm is primarily the marketer of which one of the following?
A. An image
B. A service
C. A good
D. An idea
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Which of the following would be the best illustration of a subculture?
A. A religion
B. A group of close friends
C. Your university
D. Your occupation
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Bread and milk are which kind of products?
A. Specialty Products
B. Convenience products
C. Shopping products
D. Unsought products
Select an option to see the answer and solution.