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1、Chapter 2MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.1) is the process of developing and maintaining a crucial fit between the organization'sgoals and capabilities and its changing marketing opportunities. 1) A) SWOT analysisB) Market seg
2、mentationC) BenchmarkingD) DiversificationE) Strategic planning2) Mission statements should and be defined in terms of . 2) A) be market oriented; satisfying basic customer needsB) address sales and profits; the net return on investmentsC) be technology oriented; meeting the self-actualization needs
3、 of customersD) be product oriented; satisfying the esteem needs of customersE) embody the company's short-term plans; current opportunities3) Which of the following is the first step of business portfolio planning? 3) A) shaping the future portfolio by developing strategies for growth and downs
4、izingB) identifying future opportunitiesC) identifying internal strengths and weaknessesD) determining short-term goalsE) determining which businesses should receive more, less, or no investment4) According to the Boston Consulting Group approach, serves as a measure ofcompany strength in the market
5、. 4) A) product developmentB) market diversificationC) market segmentationD) product attributeE) relative market share5) Which of the following is true with regard to cash cows? 5) A) They require significant cash to maintain market share.B) They are low-share businesses and products.C) They can be
6、used to help finance the company's question marks and stars.D) They are high-growth, high-share businesses or products.E) They do not promise to be large sources of cash.6) Phoenix, a popular coffee shop chain in North America, recently opened 400 stores to cater to its rapidly increasing number
7、 of patrons. This exemplifies . 6) A) product developmentB) market segmentationC) product differentiationD) diversificationE) market penetration7) The pharmaceuticals division of Omni Healthcare holds low market share in a high-growth market. According to the BCG matrix, the pharmaceuticals division
8、 of Omni can be classified as a . 7) A) bearB) question markC) dogD) cash cowE) star8) Amor, a successful brand of women's clothing, recently introduced a line of fitness equipment.This is an example of . 8) A) mass customizationB) prospectingC) diversificationD) niche marketingE) product adapta
9、tionRefer to the scenario below to answer the following questions.Fun-Spot Fun Park began as a small amusement park in 1985. With nothing more than a merry-go-round, a slide, pony rides, and an ice cream stand, Fun-Spot grew into a popular family attraction with 20 rides, a restaurant, and an outdoo
10、r performing arts theater."My wife, Gail, and I didn't know what we were getting into," commented Ron Hart, the owner."We just knew that weekenders coming to the lakes in our rural area represented an untapped market."Today, thousands of visitors flock to Fun-Spot: families,
11、children of all ages, and even senior citizens who enjoy strolling through the gardens and the arbors."There's something here for everyone," Gail Hart said with a smile. "Dozens of companies hold annual company picnics here. We have welcomed class field trips. And we even had one
12、wedding here at the park!""Here's the funny thing," Ron chimed in. "We really don't know why we've been so successful.There is nothing else like Fun-Spot Fun Park in the area. We were just lucky.""I think it's the ambience of the park that has brought so
13、 many visitors," Gail added. "We provide a 'total package' of entertainment. Plus, we try to change our rides and various attractions from timeto time for variety."Ron and Gail Hart admitted that making every visitor happy is a priority. "That has always been our philosop
14、hy," they said. "Like the park's motto at the entrance reads, 'We're here to make you happy!' And we've always been able to deliver on that because we've never allowed ourselves to grow too big too quickly."9) Fun-Spot's mission is . 9) A) technology orient
15、edB) narrowly focused on profitsC) design orientedD) market orientedE) product oriented10) Ron and Gail plan to lower prices in an effort to encourage customers to stay longer, visit more often, and spend more money during each visit. What type of strategy are Ron and Gail planning?10) A) market pen
16、etrationB) product developmentC) diversificationD) market developmentE) product adaptation11) Ron and Gail strive to provide new offerings and entertainment options for their visitors. This type of strategy can be best described as . 11) A) niche marketingB) market penetrationC) diversificationD) ma
17、rket developmentE) product development12) Which of the following would be classified as an opportunity in a SWOT analysis of Fun-Spot? 12) A) Fun-Spot employees tend to be enthusiastic and young, projecting an image of fun and vitality.B) Fun-Spot plans to further diversify its offerings by beginnin
18、g a two-week summer camp for elementary school students.C) A new luxury hotel is being constructed in the area, with the aim of attracting more high-spending families on vacation.D) A rival amusement park announces plans to open three new rides next season.E) Ron and Gail have paid off the mortgage
19、on Fun-Spot, significantly reducing their monthly expenses.13) Each department in a company that carries out value-creating activities can be thought of as a link in the company's . 13) A) channel of intermediariesB) supplier chainC) internal value chainD) external value streamE) demand chain14)
20、 RedFin manufactures diving equipment that is highly regarded by customers worldwide. Each department in RedFin contributes to its success and can be thought of as a(n) . 14)A) separate organizationB) SBUC) separate market segmentD) independent subsidiary of the companyE) link in the company's i
21、nternal value chain15) The network made up of the company, its suppliers, its distributors, and, ultimately, its customers who partner with each other to improve the performance of the entire system is known as the . 15) A) value delivery networkB) business portfolioC) internal value chainD) supply
22、chainE) marketing mix16) Market segmentation can be best described as the process of . 16) A) dividing a market into distinct groups of buyers who have different needs, characteristics, or behaviors, and who might require separate products or marketing programsB) turning marketing plans into marketi
23、ng actions to accomplish strategic marketing objectivesC) assigning specific human attributes to a given brandD) maintaining a strategic fit between organizational goals and changing marketing opportunitiesE) evaluating each market segment's attractiveness and selecting one or more segments to e
24、nter17) Which of the following is an element of the marketing mix? 17) A) placeB) esteemC) needsD) wantsE) education18) Crocus, a gift store, specializes in serving customer segments that major competitors overlook and ignore. Which of the following best describes Crocus? 18) A) market challengerB)
25、early adopterC) market nicherD) market followerE) laggard19) Ravenshaw Corp. assigns its sales and marketing people to specific countries, regions, and districts. Ravenshaw Corp. is most likely an example of a . 19) A) mass marketerB) functional organizationC) product organizationD) niche marketerE)
26、 geographic organization20) More and more companies are shifting their brand management focus toward . 20)A) product managementB) technology managementC) customer managementD) geographic managementE) functional managementTRUE/FALSE. Write 'T' if the statement is true and 'F' if the s
27、tatement is false.21) A mission statement is a document embodying an organization's short-term goals. 21) 22) The purpose of strategic planning is to find ways in which your company can best use its strengths to take advantage of attractive opportunities in the environment. 22) 23) Market develo
28、pment involves company growth by identifying and developing new market segments for current company products. 23) 24) A product's position is the place it occupies relative to competitors' products in consumers' minds. 24) 25) Product means the goods-and-services combination the company
29、offers to the target market. 25)26) The four marketing management functions are analysis, planning, implementation, and control. 26) 27) Return on marketing investment refers to the net return from a marketing investment divided by the costs of the marketing investment. 27) ESSAY. Write your answer in the space provided or on a separate sheet of paper.28) Distinguish between market segmentation and market targeting.SHORT ANSWER.Write the word or phrase that best completes each statement or answers the question.29) Define market pen
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