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1、Chapter 1 Marketing: Creating and Capturing Customer Value1) All of the following are accurate descriptions of modern marketing, EXCEPT which oneA) Marketing is the creation of value for customers.B) Marketing is managing profitable customer relationships.C) Selling and advertising are synonymous wi
2、th marketing.D) Marketing involves satisfying customers needs.E) Marketing is used by for-profit and not-for-profit organizations.Answer: CDiff: 2 Page Ref: 2 and 4Skill: ConceptObjective: 1-12) According to the opening scenario, the Tide marketing team is MOST concerned about which of the following
3、A) maintaining its brand shareB) fostering customers emotional connections with their productC) advertising their products benefitsD) comparing the effectiveness of their product to other brandsE) incorporating consumer-generated marketing in the marketing mixAnswer: BDiff: 2 Page Ref: 2Skill: Conce
4、ptObjective: 1-13) According to management guru Peter Drucker, The aim of marketing is to .A) create customer valueB) identify customer demandsC) make selling unnecessaryD) set realistic customer expectationsE) sell productsAnswer: CDiff: 2 Page Ref: 5Skill: ConceptObjective: 1-14) is defined as a s
5、ocial and managerial process by which individuals andorganizations obtain what they need and want through value creation and exchange.A) SellingB) AdvertisingC) BarteringD) MarketingE) NegotiatingAnswer: DDiff: 2 Page Ref: 5Skill: ConceptObjective: 1-15) According to the simple five-step model of th
6、e marketing process, a company needs to before designing a customer-driven marketing strategy.A) determine how to deliver superior valueB) build profitable relationships with customersC) use customer relationship management to create full partnerships with key customersD) understand the marketplace
7、and customer needs and wantsE) construct key components of a marketing programAnswer: DDiff: 2 Page Ref: 5AACSB: CommunicationSkill: ConceptObjective: 1-26) are human needs as shaped by individual personality and culture.A) NeedsB) WantsC) DemandsD) ValuesE) ExchangesAnswer: BDiff: 2 Page Ref: 6Skil
8、l: ConceptObjective: 1-27) When backed by buying power, wants become .A) social needsB) demandsC) physical needsD) self-esteem needsE) exchangesAnswer: BDiff: 1 Page Ref: 6Skill: ConceptObjective: 1-28) What do companies call a set of benefits that they promise to consumers to satisfy their needsA)
9、market offeringB) value propositionC) demand satisfactionD) need propositionE) evoked setAnswer: ADiff: 1 Page Ref: 6Skill: ConceptObjective: 1-29) Which of the following refers to sellers being preoccupied with their own products and losing sight of underlying consumer needsA) selling myopiaB) mark
10、eting managementC) value propositionD) marketing myopiaE) the product conceptAnswer: DDiff: 1 Page Ref: 6Skill: ConceptObjective: 1-210) When marketers set low expectations for a market offering, the biggest risk they run isA) disappointing loyal customersB) decreasing customer satisfactionC) failin
11、g to attract enough customersD) failing to understand their customers needsE) incorrectly identifying a target marketAnswer: CDiff: 1 Page Ref: 7Skill: ConceptObjective: 1-211) is the act of obtaining a desired object from someone by offering something inreturn.A) A value propositionB) ExchangeC) Br
12、iberyD) Value creationE) DonationAnswer: BDiff: 1 Page Ref: 7Skill: ConceptObjective: 1-212) Consumer research, product development, communication, distribution, pricing, and service are all core activities.A) exchangeB) marketingC) managementD) productionE) customer relationship managementAnswer: B
13、Diff: 1 Page Ref: 7AACSB: CommunicationSkill: ConceptObjective: 1-213) In the case of excess demand, may be required to reduce the number ofcustomers or to shift demand temporarily or permanently.A) marketingB) demarketingC) value marketingD) surplusingE) negotiatingAnswer: BDiff: 1 Page Ref: 9Skill
14、: ConceptObjective: 1-314) The art and science of choosing target markets and building profitable relationships with them is called .A) marketing managementB) positioningC) segmentationD) sellingE) differentiationAnswer: ADiff: 1 Page Ref: 8Skill: ConceptObjective: 1-315) Selecting which segments of
15、 a population of customers to serve is called .A) market segmentationB) positioningC) customizationD) target marketingE) managing the marketing effortAnswer: DDiff: 1 Page Ref: 8Skill: ConceptObjective: 1-316) Which of the following is the set of benefits a company promises to deliver the customer t
16、o satisfy their needsA) a money-back guaranteeB) low pricingC) good customer serviceD) a value propositionE) an attributeAnswer: DDiff: 1 Page Ref: 9Skill: ConceptObjective: 1-317) The product concept says that a company should do which of the followingA) improve marketing of its best productsB) mar
17、ket only those products with high customer appealC) focus on the target market and make products that meet those customers demandsD) focus on making continuous product improvementsE) make promoting products the top priorityAnswer: DDiff: 2 Page Ref: 10Skill: ConceptObjective: 1-318) Which concept ca
18、lls for aggressive selling and focuses on generating transactions to obtain profitable salesA) marketingB) productionC) productD) sellingE) societal marketingAnswer: DDiff: 1 Page Ref: 10Skill: ConceptObjective: 1-319) A firm that uses the selling concept takes a(n) approach.A) outside-inB) myopicC)
19、 inside-outD) societalE) customer serviceAnswer: CDiff: 2 Page Ref: 10Skill: ConceptObjective: 1-320) According to the production concept, consumers will favor products that are andA) satisfying; quality focusedB) advertised; affordableC) in high demand; hard to findD) segmented; convenientE) availa
20、ble; affordableAnswer: EDiff: 3 Page Ref: 9Skill: ConceptObjective: 1-321) Though often criticized, the selling concept is particularly appropriate and effective with which of the following types of productsA) convenienceB) shoppingC) specialtyD) unsoughtE) demarketedAnswer: DDiff: 2 Page Ref: 10Ski
21、ll: ConceptObjective: 1-322) Customer-driven marketing usually works well when and when customersA) a clear need exists; are difficult to identifyB) customers know what they want; are loyal to the brandC) a firm can deliver the goods desired; are thoroughly researchedD) a clear need exists; know wha
22、t they wantE) a need exists; dont know what they wantAnswer: DDiff: 2 Page Ref: 11Skill: ConceptObjective: 1-323) Marie Ortiz enjoys her work at Futuristic Designs, Inc. Her organization understands and anticipates customer needs even better than customers themselves do and creates productsand servi
23、ces to meet current and future wants and demands. Maries firm practices marketing.A) customer-drivenB) customer-drivingC) relationshipD) donorE) socialAnswer: BDiff: 2 Page Ref: 11Skill: ConceptObjective: 1-324) Which concept holds that firms must strive to deliver value to customers in a way that m
24、aintains or improves the consumers and societys well-beingA) marketingB) sellingC) productD) societal marketingE) equityAnswer: DDiff: 1 Page Ref: 11AACSB: Ethical ReasoningSkill: ConceptObjective: 1-325) The three areas of consideration that should be balanced in the societal marketing concept are
25、consumer wants, societys interests, and .A) human welfareB) want satisfactionC) company profitsD) short-run wantsE) long-term needsAnswer: CDiff: 2 Page Ref: 11AACSB: Ethical ReasoningSkill: ConceptObjective: 1-326) The set of marketing tools a firm uses to implement its marketing strategy is called
26、 theA) promotion mixB) product mixC) marketing mixD) TQME) marketing effortAnswer: CDiff: 2 Page Ref: 12Skill: ConceptObjective: 1-327) Of the following, which is the most important concept of modern marketingA) customer relationship managementB) societal marketingC) consumer-generated marketingD) p
27、roperly trained salespeopleE) low pricesAnswer: ADiff: 2 Page Ref: 13AACSB: CommunicationSkill: ConceptObjective: 1-428) It is most accurate to say that customers buy from stores and firms that offer which of the followingA) the highest value for the dollarB) the highest customer-perceived valueC) t
28、he highest level of customer satisfactionD) the most attractive company imageE) the most concern for societys interestsAnswer: BDiff: 3 Page Ref: 13Skill: ConceptObjective: 1-429) Using customer profitability analysis to weed out unprofitable customers and target winning ones for pampering is referr
29、ed to as .A) customer relationship managementB) positioningC) database marketingD) selective relationship managementE) marketing myopiaAnswer: DDiff: 2 Page Ref: 17Skill: ConceptObjective: 1-430) Greater consumer control means that companies must rely more on marketing bythan by .A) interruption; in
30、volvementB) interaction; intrusionC) socialization; informationD) producing; sellingE) inspiration; competitionAnswer: BDiff: 2 Page Ref: 18AACSB: CommunicationSkill: ConceptObjective: 1-431) The final step in the marketing process is .A) capturing value from customersB) creating customer loyaltyC)
31、creating customer lifetime valueD) understanding the marketplaceE) designing a customer-driven marketing strategyAnswer: ADiff: 1 Page Ref: 21Skill: ConceptObjective: 1-432) Today almost every company, small and large, is affected in some way by which of the followingA) the societal marketing concep
32、tB) not-for-profit marketingC) global competitionD) customer-generated marketingE) caring capitalismAnswer: CDiff: 2 Page Ref: 26Skill: ConceptObjective: 1-533) The difference between human needs and wants is that needs are not influenced by marketers.Answer: TRUEDiff: 2 Page Ref: 6Skill: ConceptObj
33、ective: 1-234) An experience such as a vacation can be defined as a market offering. Answer: TRUEDiff: 2 Page Ref: 6AACSB: Reflective ThinkingSkill: ApplicationObjective: 1-235) When it becomes necessary to reduce demand for a product or service, an organization may use demarketing to reduce or shif
34、t the number of customers.Answer: TRUEDiff: 1 Page Ref: 9Skill: ConceptObjective: 1-31) In a short essay, explain how and why marketers go beyond selling a product or service to create brand experiences.Answer: Sellers are most effective when they focus more on the benefits and experiences produced
35、by their products and services than on the specific products and services themselves. Smart marketers focus on creating a brand experience, incorporating several products and services for their customers. By doing so, marketers hope to increase customer satisfaction, creating a body of customers who
36、 will repeatedly purchase their market offerings and recommend those offerings to friends.Diff: 2 Page Ref: 7AACSB: Analytic Skills Skill: Application Objective: 1-22) Briefly explain the societal marketing concept. Give an example of an organization that has effectively used the societal marketing
37、concept.Answer: According to this concept, firms will succeed if they take underlying consumer needs and societys well being into account over the long term. A pure marketing concept can damage consumers long-run welfare by focusing exclusively on satisfying consumers short-run wants. Over a long pe
38、riod of time, this too-narrow focus can be damaging to the company. In setting their marketing strategies, marketers today need to balance company profits, consumer wants, and societys interests. Johnson & Johnson is an example of a company that has successfully implemented the societal marketing concept. The organization stresses honesty, integrity, and putting people before profits, an ethic that helped Johnson & Johnson quickly address and recover from the poisonous tampering of Tylenol capsules in 1982.Diff: 2
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