A ________ when it is aroused to a sufficient level of intensity.
A. Need becomes a motive
B. Motive becomes a need
C. Desire becomes a reality
D. Unfulfilled demand becomes a crisis
E. Personal demand exceeds the ability to rationally reject
Select an option to see the answer and solution.
The five-stage model of the consumer buying process includes all of the following stages EXCEPT ________.
A. Problem recognition
B. Information search
C. Social interaction
D. Purchase decision
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If performance meets consumer expectations, the consumer is ________.
A. Delighted
B. Satisfied
C. Disappointed
D. Surprised
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Companies selling mass consumer goods and services such as soft drinks, cosmetics, air travel, and athletic shoes and equipment spend a great deal of time trying to establish a superior brand image in markets called ________.
A. Business markets
B. Global markets
C. Consumer markets
D. Non-profit and governmental markets
E. Service markets
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The ________ is practiced most aggressively with unsought goods, goods that buyers normally do not think of buying, such as insurance, encyclopaedias, and funeral plots.
A. Marketing concept
B. Selling concept
C. Production concept
D. Product concept
E. Holistic marketing concept
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The ________ concept holds that consumers will favour those products that offer the most quality, performance, or innovative features.
A. Product
B. Marketing
C. Production
D. Selling
E. Holistic marketing
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________ marketing has the aim of building mutually satisfying long-term relations with key parties such as customers, suppliers, distributors, and other marketing partners in order to earn and retain their business.
A. Holistic
B. Demand-based
C. Direct
D. Relationship
E. Synthetic
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One traditional depiction of marketing activities is in terms of the marketing mix or four Ps. The four Ps are characterized as being ________.
A. Product, positioning, place, and price
B. Product, production, price, and place
C. Promotion, place, positioning, and price
D. Place, promotion, production, and positioning
E. Product, price, promotion, and place
Select an option to see the answer and solution.
David Packard of Hewlett-Packard once said, “Marketing is far too important to leave to ________.”
A. The advertising boys
B. Uninformed managers
C. Novices
D. The CEO
E. The marketing department
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The traditional view of marketing is that the firm makes something and then ________ it.
A. Markets
B. Sells
C. Distributes
D. Prices
E. Services
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__________ is the single factor that best indicates social class.
A. Time
B. Money
C. Occupation
D. Fashion
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Marketing strategies are often designed to influence ___________ and lead to profitable exchanges.
A. Consumer decision making
B. Sales strategies
C. Advertising strategies
D. Export strategies
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__________ refers to the information a consumer has stored in their memory about a product or service.
A. Cognitive dissonance
B. Product knowledge
C. Product research
D. Marketing research
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When consumers are seeking low-involvement products, they are unlikely to engage in extensive search, so _________ is important.
A. Order processing
B. Order booking
C. Ready availability
D. Information about warranty
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___________ constitutes moderate consumer behavior, but still involves time and effort searching for and comparing alternatives.
A. Limited decision making
B. Need recognition
C. Routine decision making
D. Post purchase evaluation
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Experimental sources of information for consumers refer to ____________.
A. Advertising, marketing, selling, and profit making
B. Handling, examining, and trying the product while shopping
C. Buying after a demonstration
D. Buying the product directly from a manufacturer
Select an option to see the answer and solution.
Marketing is defined by the American Marketing Association as the activity, set of institutions, and processes for ______, ________, ________, and __________ offerings that have value for customers, clients, partners, and society at large.
A. Making, Arranging, Maintaining and Selling
B. Creating, Communicating, Delivering, and Exchanging
C. Creating, Advertising, Selling, and Transferring
D. Performing, Displaying, Offering, and Exchanging
Select an option to see the answer and solution.
The focus of marketing today is _______.
A. Value and Satisfaction
B. Quality and Long Term Relationships
C. All of the Above
D. None of the Above
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_____________ is defined as the difference between the benefits a customer sees from a market offering and the costs of obtaining those benefits.
A. Customer value
B. Satisfaction scale
C. Profit margin
D. Competitive benefit
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____________ is defined as communication with large numbers of customers at the same time.
A. Personal selling
B. Sales promotion
C. Mass selling
D. All of the above
Select an option to see the answer and solution.