Exam III MKTG 101 Review Questions
Multiple Choice Questions 1) Which of the following is NOT a typical supply chain member? 2) All of the institutions in a channel are connected by various flows. These include physical flow, flow of ownership, payment flow, information flow, and ________ flow. 3) From the economic system 's point of view, the role of marketing intermediaries is to transform the assortment of products made by producers into the assortment of products wanted by ________. 4) ________ conflict, which occurs between different levels of the same channel, is more common than ________ conflict, which occurs among firms at the same level of the channel. 5) Which of the following are the three major types of
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This unplanned static or distortion during the communication process is called ________.noise 33) The six buyer-readiness stages include all of the following EXCEPT ________.hesitation 34) A message showing a product 's quality, economy, value, or performance is called a(n)rationalappeal. 35) Marketers using humor in their messages claim that they attract more attention and create more loyalty and belief in the brand. This type of message is called a(n) emotional appeal. 36) The two broad types of communicationchannels are personal and nonpersonal. 37) Creating word-of-mouth campaigns by cultivating opinion leaders and getting them to spread information about a product or service to others in their communities is known as buzz marketing. 38) Perhaps the most logical advertising budget-setting method is theobjective-and-taskmethod because it is based on spending necessary to accomplishing specific promotion goals. 39) ________ is the company 's most expensive promotion
Smashburger is a rapidly expanding burger restaurant concept; they have announced a summary of its 2011 accomplishments and their marketing and expansion plans for 2012. Opening their first location in 2007 and growing rapidly ever since, now in 2011 Smashburger had yet another successful year of growth and consumer acceptance. Smashburger is quickly gaining national recognition for its juicy handmade burgers that are smashed fresh and served delicious, along with its localized recipes that celebrate regional taste profiles in
[MARKETING TODAY] January 24, 2011 True-False - Terminology/Concept 1. Marketing-related activities are limited to people called “marketers.” 2. The effective practice of marketing-related activities is limited to larger firms. 3. For virtually every good and service we purchase, the marketing process affects the assortment of models and styles offered in the marketplace. 4. The scope of marketing includes goods, services, organizations, people, places, and ideas. 5. A firm can anticipate demand through marketing research and sales forecasting activities. 6. A firm can stimulate demand through offering credit and by expanding a product’s distribution to include additional retailers. 7. Installation, alteration, and repair services are all
He is a professionally-trained cabinet maker from Montreal. Gill makes hand-made wooden jewelry, with products ranging from rings, bracelets and earrings. He sells his products mostly on Etsy. Currently, Ébéniste has direct and indirect competitors within the retail and online stores. In the next three years, Ébéniste will focus towards increasing profit and exposure in order to gain market share.
This analysis paper will explain if Dr. DoRight of Universal Human Care Hospital can manage when he discovers that patients inside the hospital are dying as a results of a extent of illegal practices by doctors, nurses and careless supervision of oversight on their be half. Also question the rights of staff to health and safety within the work place and address the duty of loyalty, and conflicts of interest between internal and external
Other paintings of guinguettes, such as “Elena et Les Hommes” by Renoir, provide a sense of light-hearted summer days. We want to replicate this feeling in accordance with Marcel’s original restaurant concept by incorporating all of the definitions of a guinguette.
The Internet is a way to advertise because time is everything and physicians do not have time because the increase in demand; so it is convent for pharmaceutical manufactures. The negative aspect is the loss of one-on-one conversation or presentation, which are a big positive aspect. Free samples are a positive way to advertise drugs and allow doctors to try them with patients before they purchase in bundles. Journals are a positive insight and still growing even after the adaption of technology trends, which is a positive approach it is still good to know people, especially physicians take the time to read and find more information. Workers show a positive and negative approach to marketing techniques
A great debate raging in the wine world today is over the differences between wine coming from the New World versus the Old World. Much of this arguing quickly becomes obscured by emotions. Wine has the ability to create great passions. This in some way is proof of its greatness and importance to humankind. However, beyond the prejudices and rancor this discussion has some valid points of contention.
One key strength of RBS is high distribution penetration, with 90% of grocery stores and mass merchandisers, 85% of warehouse clubs, and 80% of drug stores stocking at least one size. The demand for different box sizes varied by channel; for example, warehouse clubs exclusively purchased the 5 lb. size. Exhibit 5 provides detailed channel data. The Household Division maintained a 150-person sales force to manage the retail and wholesale accounts for all products within the division. The sales force was incentivized through a quota system, with divisional senior management establishing quarterly volume quotas for each salesperson. Salespeople received a small base salary; most of their compensation came from bonuses for meeting and exceeding sales targets. Regnante was expected to work with sales management in creating a schedule of consumer and trade promotion. Randall Todd, senior account manager for several major grocery chains, pointed out a major weakness of the RBS brand. He stated, "RBS needs a lot of push marketing to stimulate trade interest. Baking soda is not a natural traffic builder, it does not have high turnover, and it is boring. The product hasn't changed in almost 100 years. The only way I'm going to make my quotas is if we offer attractive incentives to the trade."
Importers, Inc., in County A contracted with Overseas Exporters, Ltd. in Country B to purchase 50 crates of army surplus boots in assorted sizes. Importers secured an irrevocable letter of credit from Home City Bank in Country A that named Overseas Exporters as the beneficiary. The credit required Overseas Exporters to produce a bill of lading naming the bank as the consignee (plus other appropriate documents) in order for it to collect payment on the credit. When Overseas Exporters placed the crates aboard a carrier for shipment, it received the required bill of lading and other documents. Importers then learned that Overseas Exporters had filled the crates with rubbish not boots. Importers promptly notified Home City Bank of this and asked the bank not to pay Overseas Exporters on the letter of credit. The bank refused. Importers has now brought suit to enjoin the bank from making payment. Should a court grant Importers request?
c) A profit-oriented organization must be involved d) Each party must have something of value to the other party Ch 2 Question 1 Which of the following is NOT part of the external marketing environment? a) Political b) Legal c) Product d) Socio-cultural Question 2 Car (automobile) designers world-wide began working on plans for a dual energy car when: a) They realized that such a vehicle was not only feasible, but inexpensive b) The legal tolerance for noxious emissions from automobiles began to be reduced c) Noise pollution regulations began to be passed that would outlaw the internal combustion engine d) Sweden passed a law that said all new vehicles had to have a provision for pedal-power Question 3 A firm has decided to alter its pricing and promotional strategies in response to slower than expected job growth and declining personal incomes. The firm is responding to