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MKT 571 Final Exam

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MKT 571 Final Exam 6

1) When Molly's parents retired, they decided they wanted to travel. They found an ideal job that allows them to travel for free, but the only catch is they have to stay at Holiday Inns. During each stay, they test all the amenities offered by the motel and evaluate each. The evaluation forms are sent to the motel headquarters where it becomes part of the motel's __________ systems.

2) Which of the following is NOT a step that might be used to improve the quality of a firm's marketing intelligence?

3) Small companies can engage is marketing research in a number of creative and inexpensive ways, including _______________.

4) Rita Jenkins, president of the local Chamber of Commerce, had difficulty getting members to assist in running the organization. She felt it was because of lack of commitment to the Chamber. . If Rita wants to do research to determine the real reason why members do not want to run for office, she should begin by ________________.

5) The second step in the marketing research process is ______________.

6) All of the following are steps in the marketing research process EXCEPT:

7) The last step in marketing research is developing the research plan.

8) Marketing information systems are developed from internal company records, marketing intelligence, and marketing research.

9) The systematic collection, analysis, and reporting of data and findings relevant to specific marketing situations is called marketing research.

10) ______________ is the difference between a prospective customer's evaluation of all the benefits and costs of an offering and the perceived alternatives.

11) Lowe's home improvement stores strive to have nicer, more knowledgeable salespeople, a better product selection, and to maintain an impeccable image. These are all part of improving the offer via _____________.

12) Which of the following is NOT a component part of total customer value?

13) Lee is constantly begging his mother to buy him an iPod because the most popular kids at his school all have one. His mother contends that he'll just break it or lose the music player if she buys it for him. For Lee, the most popular kids in his school are examples of a _______________.

14) Which factors have the broadest and deepest influence on consumer behavior?

15) Within the United States, Southerners, Mormons, and Native Americans are examples of:

16) The ____________ consists of all the organizations that acquire goods and services used in the production of other products or services that are sold, rented, or supplied to other customers.

17) The institutional market is best described as having _____________.

18) Business buying behavior differs from consumer buying behavior in that _________.

19) A ___________ is when a parent brand is used on a new product targeting a new market segment within a category currently served by the parent.

20) BMW, the maker of the Mini Cooper brand, is using what kind of brand strategy with its Mini products?

21) When Apple introduced its popular iPod Nano model, it dropped its Mini iPod at the same time. The Mini was, at the time, the most popular mp3 player in the marketplace. This is an example of __________.

22) Painting and consulting are considered industrial goods because ______________.

23) ___________ are formal statements of expected product performance by the manufacturer.

24) Marketers plan their market offerings at five levels. What is the correct order of the levels, going from most fundamental to the level with the most benefits?

25) Mr. Tse and his family took a vacation to Washington, D.C. While there, they bought souvenirs; t-shirts and hats to take home to family and friends who didn't have the opportunity to go. The experience of the Tse's is an example of which offering?

26) Which of the following best describes the category in which the offering's service mix is distinguished? “People patronize restaurants for both food and service.”

27) Characteristics a buyer can evaluate before purchase are called _______________.

28) When introduced in the late 1970s, personal computers had large initial demand. People were interested in buying them to make writing and editing easier. The earliest simple PCs were initially priced around $2,500. The manufacturers of the first PCs were probably using a _________ pricing strategy.

29) A common mistake in pricing is ____________________.

30) The introduction of a new product to the market using market-penetration pricing is most likely to be successful when _____________.

31) Belk is a chain of stores found primarily in southern United States. Each store carries several product lines and each line is managed separately by a specialist buyer or merchandiser. McRae's offers many types of customer service and its prices reflect that fact. Belk's is an example of a ____________.

32) A concept in retailing that helps explain the emergence of new retailers is called the ___________ hypothesis.

33) Which of the following is NOT one of the four levels of retail services mentioned in the text?

34) Ayal and Zif argue that going into fewer countries is advisable when ___________.

35) Because of Coca-Cola's size and power in the marketplace, they tend to dominate some members in the channel. This allows them to require strong cooperation from resellers who carry Coke products.

37) Abercrombie & Fitch could use __________ advertising to reduce the cognitive dissonance experienced by someone who recently purchased its brand of high-fashion, high-priced clothing and wonders if they got the value for their money.

MKT 571 Final Exam 6 1) When Molly's parents retired, they decided they wanted to travel. They found an ideal job that allows them to travel for free, but the only catch is they have to stay at Holiday Inns. During each stay, they test all the ameni
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