Graduate Business Studies MBA 565 Marketing quiz 1

Question

1.The most scientifically valid research is ________ research. (Points : 5)

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observation

focus-group

survey

behavioral data

experimental

2.More than any other group, the ________ cohort accepts cultural diversity and puts personal life ahead of work life. (Points : 5)

World War II

postwar

leading-edge baby boomer

trailing-edge baby boomer

Generation X

3.Core competencies tend to refer to areas of special technical and production expertise, whereas ________ tend to describe excellence in broader business processes. (Points : 5)

process benchmarks

distinctive capabilities

core business values

value statements

mission statements

4.With respect to the shortage of raw materials, air and water are classified as ________ resources. However, as we know, problems are beginning to plague both our air and water quality. (Points : 5)

infinite

near finite

finite renewable

finite nonrenewable

absolute

5.The firm should estimate its competitors’ costs and performances as ________ against which to compare its own costs and performance. (Points : 5)

competition

standards

challenges

benchmarks

moveable standards

6.In the famous case where Coca-Cola introduced New Coke after much research, the failure of New Coke was largely due to a marketing research barrier identified as ________. (Points : 5)

a narrow conception of the research

uneven caliber of researchers

poor framing of the problem

late and occasional erroneous findings

personality and presentation differences

7.________ consists of people, equipment, and procedures to gather, sort, analyze, evaluate, and distribute needed, timely, and accurate information to marketing decision makers. (Points : 5)

A marketing information system

A marketing research system

A marketing intelligence system

A promotional campaign

A marketing database

8.________ reflects a customer’s judgment of a product’s performance in relation to his or her expectations. (Points : 5)

Loyalty

Satisfaction

Value

Expectations

Comparison shopping

9.________ are groups of individuals who are born during the same time period and travel through life together. (Points : 5)

Cohorts

Populations

Demographics

Societies

Markets

10.The identification and profiling of distinct groups of buyers who might prefer or require varying product and service mixes is known as ________. (Points : 5)

segmentation

integration

disintermediation

targeting

partner relationship management

11.Marketers are particularly interested in the consumption of ________, as developing brand loyalty in this age group is likely to lead to the highest consumer lifetime value. (Points : 5)

infants

young children

teens

parents

retirees

12.A social definition of marketing says ________. (Points : 5)

effective marketing requires companies to remove intermediary parties to achieve a closer connection with direct consumers

a company should focus exclusively on achieving high production efficiency, low costs, and mass distribution to facilitate the broadest possible access to the company’s products

marketing is a societal process by which individuals and groups obtain what they need and want through creating, offering, and freely exchanging products and services of value with others

marketing is the process of extracting maximal value from consumers to facilitate corporate growth

marketing is the process of aggressive selling and promotion to encourage the purchase of products that might otherwise be unsought by the consumer

13.________ for a product is the total volume that would be bought by a defined customer group in a defined geographical area in a defined time period in a defined marketing environment under a defined marketing program. (Points : 5)

Market share

Market supply

Market demand

Market potential

Market penetration

14.Traditionally, most businesses focused on stockholders. Today, the focus is on what are called ________. (Points : 5)

stakeholders

partners

regulators

consumer triads

supply chain relationships

15.The company’s marketing information system should be a cross between what managers think they need, what managers really need, and ________. (Points : 5)

what the marketing research department is able to do

what consumers are willing to share

what the competition is doing

what is acceptable industry practice

what is economically feasible

16.Which of the following types of tests shows a picture and asks respondents to make up a story about what they think is happening or may happen in the picture? (Points : 5)

Word association

Completely unstructured question

Story completion

Thematic Apperception Test (TAT)

Holistic association

17.________ activities include those the company undertakes to make the product accessible and available to target customers. (Points : 5)

Consumer behavior

Market segmentation

Marketing research

Channel

New-product development

18.A company with a ________ may be held back by low brand awareness, low brand availability, benefit deficiencies, and high price. (Points : 5)

high market-penetration index

high share-penetration index

low market-penetration index

low share-penetration index

none of the above

19.Market-penetration, product-development, and market-development strategies would all be examples of ________ strategies. (Points : 5)

concentric

conglomerate

horizontal

intensive growth

integrative growth

20.Market-driven organizations tend to excel in three distinctive capabilities: ________, customer linking, and channel bonding. (Points : 5)

target marketing

market research

fulfilling customer needs

market sensing

customer-service relationships

21.Which of the following is not an example of a valid advertising message in PharmaSim? (Points : 5)

Benefits

Exclusionary

Competitive

Primary

Reminder

22.Allround has the highest awareness and brand trials of any brand. (Points : 5)

True

False

23.Allstar currently offers three different brands on the market. (Points : 5)

True

False

24.The “team leader” is only person who can advance the simulation. (Points : 5)

True

False

25.What are the objectives of Allround’s brand management team? (Points : 5)

Maintain long-term profitability

Maintain market share

Increase revenue

A and B only

A, B, and C

26.You can discontinue a brand at any time. (Points : 5)

True

False

27.Any team member can purchase research. (Points : 5)

True

False

28.What is the maximum allowable analgesic in a four-hour dose of medication based on FDA regulations? (Points : 5)

60 mg

30 mg

1000 mg

There are no restrictions on analgesics

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