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Definingthefollowingterms.(20points)
utility
marketingconcept
customervalue
marketsegmentation
product
II.Trueorfalse(25points):
Marketingcreatestaskutility,butnottimeorplaceutility.
2.Competitivebarriersareconditionsthatmakeitdifficulttocompeteinamarket.
3.Marketingisbasicallysellingandadvertising.
4.Theobjectivesofafirmshoulddirecttheoperationofthemarketingdepartment,butaren'timportanttotherestofthebusiness.
5.Placingtheinterestsofindividualconsumersbeforetheinterestsofbusinessisnationalism.
6.Adecisionsupportsystem(DSS)isacomputerprogramthatmakesiteasyforamarketingmanagertogetanduseinformationasheorsheismakingdecisions.
7.Useofthescientificmethodinmarketingresearchhelpsmanagersmakethebestdecisionspossible.
8.Definingtheproblemisthefirststepinmarketingresearchandisusuallytheeasiestjobfortheresearcher.
9.Onereasonforthepopularityofmailsurveysisthattheresponseratesareusuallyveryhigh.
10.Accordingtoeconomists,consumersare"economicbuyers"whologicallyevaluatechoicesintermsofcostandvaluereceivedtogetthegreatestsatisfactionfromspendingtheirtimeandmoney.
11.Motivationtheorysuggeststhataconsumerwouldnottrytosatisfyphysiologicalandsafetyneedsuntilsocialandpersonalneedshavebeencompletelysatisfied.
12.Reinforcementofaresponsedecreasesthelikelihoodofthesameresponsethenexttimethedriveoccurs.
13.Amarketisagroupofsellerswhooffersubstitutewaysofsatisfyingcustomerneeds.
14.Marketsegmentationsaysthattargetmarketersshoulddeveloponegoodmarketingmixaimedatafairlylargemarket.
15.A"substantial"marketsegmentisonethatisbigenoughtoproducealargesalesvolume.
16.Planningplaceandpromotionelementsofamarketingmixisespeciallydifficultifthedimensionsofaproduct-marketarenotoperational.
17.The"product"areaisconcernedwithwhatgoodsandservicesareproduced,butnotwithdecisionsaboutinstallation,instructionsonuse,packaging,abrandname,awarranty,orafter-saleservice.
18.Consumerproductsthatareboughtoften,routinely,andwithoutmuchthoughtarestaples.
19.Fordifferentpeople,thesameproductmightbeaconvenienceproduct,ashoppingproduct,oraspecialtyproduct.
20."Branding"includestheuseoftrademarksandbrandnamestoidentifyaproduct.
21.Buying,selling,transporting,andstoringarealluniversalmarketingfunctions.
22.Comparedtointensivedistribution,selectivedistributiongivesaproduceragreateropportunityforprofitbutusuallymakesitmoredifficultforintermediariestomakeaprofit.
23.Themarketingmanager'spromotionjobistotelltargetcustomersthattherightproductisavailableattherightplaceattherightprice.
24.Salespromotionisspecialadvertisingorpersonalsellingthatisaimedatintermediariesinthechannel.
25.Amarkupisthedollaramountaddedtothecostofproductstogetthesellingprice.
III.Multiplechoices(35points):
1.Micro-marketing
A)anticipatescustomerneedsanddirectsneed-satisfyinggoodsandservicesfromproducertocustomer.
B)appliestoNortel(afor-profitcompany).
C)appliestoMountainEquipmentCo-op(anon-profitco-operative)
D)ismorethanpersuadingcustomers.
E)alloftheabove.
2.WhichofthefollowingisNOTabasicobjectiveofallfirms?
A)organizetocarryonthebusinessandimplementitsstrategies
B)dosomethingusefulforsociety
C)becomeamonopolybydrivingcompetitorsoutofbusiness
D)earnaprofit
E)Alloftheabovearebasicobjectives.
3.Effectivemicro-marketingshouldbeginwith:
A)adecisionaboutwhatthefirmcanproduceefficiently.
B)evaluationoftheeffectofthefirm'sdecisionsonthemacro-marketingsystem.
C)potentialcustomerneeds.
D)themarketingmanagermakingimportantproduction,accounting,andfinancialdecisionsforthefirm.
E)anefforttopersuadeunwillingcustomerstobuythefirm'sproducts.
4.Themarketingconceptcanbeappliedby:
A)nonprofitclinics.
B)nationalparks.
C)cosmeticmanufacturers.
D)anursesassociation.
E)alloftheabove.
5.Whensettingobjectivesforthewholefirm,topmanagementshould:
A)setobjectivesbeyondwhatcanactuallybeachievedsoeveryonewillworkharder.
B)involvethemarketingmanagerintheobjectivesettingprocess.
C)sticktogeneralobjectivesinordertomaintainflexibility.
D)setobjectivesthatfocusonthehighestpossibleimmediateprofitpotential.
E)alloftheabove.
6.Amarketinganalystforaseafoodprocessorreportsthatarisingpercentageofpeopleareeatingfishbecauseithaslessfatthanbeef.Clearly,thisfirm'sopportunitiesmayimprovewiththischangeinthe:
A)politicalandlegalenvironment.
B)competitiveenvironment.
C)economicenvironment.
D)technologicalenvironment.
E)culturalandsocialenvironment.
7.Whengettinginformationformarketingdecisions,themarketingmanager:
A)mayneedtomakesomedecisionsbasedonincompleteinformation.
B)mayneedtorelyoninstinctstomakesomedecisions.
C)shouldhaveaccesstoongoinginformationaboutbusinessperformance.
D)Alloftheabovearetrue.
E)Noneoftheaboveistrue.
8.Procedurestogatherandanalyzenewinformationtohelpmarketingmanagersmakedecisionsarecalled:
A)marketingresearch.
B)statisticaltechniques.
C)nalyticalresearch.
D)strategyplanning.
E)operationalplanning.
9.Marketingresearch:
A)isusefulforstrategyplanningbutnotforoperationalplanning.
B)shouldbeplannedbyresearchspecialistsonly,becauseitrequirestechnicalstatisticaltechniques.
C)shouldgatherasmuchinformationaspossible.
D)islikelytobemoreeffectivewhenguidedbythestrategyplanningframework.
E)Alloftheabovearetrue.
10.Whichofthefollowingstatementsconcerningsecondarydataiscorrect?
A)Secondarydatausuallytakeslongertoobtainthanprimarydata.
B)Secondarydataisonlyavailablewithinthefirm.
C)Secondarydatawasoriginallycollectedforsomeotherpurpose.
D)Alloftheabovearecorrect.
E)Noneoftheabovearecorrect.
11.WhichofthefollowingwouldNOTbeasourceofprimarydata?
A)observationstudies
B)surveys
C)focusgroups
D)TheFinancialPost
E)markettests
12.Whichmethodofquantitativeresearchwouldprobablyproducethebestresultswhenthequestionsaresimpleandrequireonlyquick"yes"or"no"answers?
A)personalinterviews
B)observation
C)mailquestionnaires
D)telephoneinterviews
E)focusgroupinterviews
13.Whichofthefollowingwouldbemosthelpfulforpredictingwhyafinalconsumerselectsoneofseveralsimilarbrands?
A)behaviouralsciencetheories
B)incomedata
C)populationdata
D)consumerexpenditurepatterns
E)Allwouldbeequallyhelpful.
14.Accordingtothe"hierarchyofneeds"model,thefirstneedsmostpeopletrytosatisfyaretheir______________needs.
A)social
B)safety
C)hysiological
D)personal
E)anyoftheabove
15.Thefactthatoureyesandmindsseekoutandnoticeonlyinformationthatinterestsusiscalled:
A)preconsciousperception.
B)selectiveperception.
C)selectiveretention.
D)consciouscognition.
E)selectiveexposure.
16.WhenPizzaHutshowsalargeclose-upofapizzainatelevisionad,theyare:
A)appealingtotheeconomicneedsoftheaudience.
B)usingacuetoencourageaparticularresponsetothehungerdrive.
C)appealingtothesocialneedsoftheaudience.
D)encouragingselectiveretention.
E)hopingtoencourageextensiveproblemsolvingbytheaudience.
17.Anattitudeis:
A)thesameasabelief.
B)thesameasan"intentiontobuy."
C)easytochange.
D)aperson'spointofviewaboutsomething.
E)alloftheabove.
18.Whichofthefollowingwouldbethemostdifficulttaskfacingamarketingmanager?
A)promoteexistingattitudes
B)strengthenexistingpositiveattitudes
C)createnewattitudestowardhisorherbrand
D)discovertheattitudesofthefirm'stargetmarket
E)changeexistingnegativeattitudes
19.BartDeGraffenreidthasanannualincomeof$120,000.Whatsocialclassishein?
A)Thelower-middleclass
B)Theupper-middleclass
C)Theupper-lowerclass
D)Theupperclass
E)Thereisnotenoughinformationtotell.
20.Referencegroup:
A)influenceisgreatestforolderpeople.
B)influenceisequallystrongforallproductsandbrands.
C)influenceissostrongthatapersonnormallyhasonlyonereferencegroup.
D)membersmaynotevenknowthepersonwhoseattitudestheyinfluence.
E)BothAandBaretrue.
21.hewholesetofbeliefs,attitudes,andwaysofdoingthingsofareasonablyhomogeneoussetofpeopleiscalledtheir:
A)learnedset.
B)opinionset.
C)motivation.
D)personalenvironment.
E)culture.
22.Extensiveproblemsolvingprobablywouldberequiredbyarecentcollegegraduateinthepurchaseof:
A)asportscar.
B)livingroomfurniture.
C)anewhome.
D)acolourTVset.
E)alloftheabove.
23.Themaindifferencebetweenagenericmarketandaproduct-marketisthat:
A)product-marketsusuallydon'tinvolvecompetition,butgenericmarketsdo.
B)sellersinagenericmarketaremoreconcernedwithpricesthansellersinaproduct-market.
C)agenericmarketisusuallysmallerthanaproduct-market.
D)ageneric-marketinvolvesalesssimilarsetofneedsthandoesaproduct-market.
E)Thereisnodifferencebetweenthetwo.
24.Aballpointpen,atypewriter,andalaptopcomputermightcompeteinthesame:
A)product-market.
B)combinedtargetmarket.
C)multipletargetmarket.
D)genericmarket.
E)singletargetmarket.
25.Afirm's"relevantmarketforfindingopportunities"should:
A)benolargerthanthefirm'spresentproduct-market.
B)usuallybenamedinproduct-relatedterms.
C)bebiggerthanthefirm'spresentproduct-marketbutnotsobigthatthefirmcouldn'tbeanimportantcompetitor.
D)havenostrongcompetitors.
E)havenogeographicboundaries.
26.Marketsegmentation:
A)isthesamethingaspositioning.
B)triestoidentifyhomogeneoussubmarketswithinaproduct-market.
C)assumesthatmostsubmarketscanbesatisfiedbythesamemarketingmix.
D)meansthesamethingasmarketingstrategyplanning.
E)Alloftheabovearetrue.
27. "Good"marketsegmentsarethosethatare:
A)substantial.
B)homogeneouswithin.
C)operational.
D)heterogeneousbetween.
E)Alloftheabove.
28.BuildersTileCompanywantstogainsomeeconomiesofscaleandlimititsrisk.Itsbroadproduct-marketconsistsofthreereasonablysimilarsubmarkets.Toidentifyatargetmarket,Buildersshouldconsiderusingthe______________approach.
A)multipletargetmarket
B)singletargetmarket
C)massmarketing
D)combinedtargetmarket
E)Alloftheabove.
29.Fromamarketingperspective,productqualityprimarilydependson:
A)thecustomer'sspecificrequirementsandneeds.
B)thefeaturesofproductsofferedbycompetitors.
C)qualitycontrolproceduresusedduringmanufacturing.
D)thepriceofaproduct.
E)aproductworkingasitissupposedtowork.
30.Nike,Inc.,marketsseveraltypesofathleticshoes,alongwithclothingandfitnessequipment.Inotherwords,Nikehas:
A)manyproductclasses.
B)severalproductlines.
C)noproductassortment.
D)productcomponents.
E)abattleofthebrands.
31.Consumerproductclassesarebasedon______________,whilebusinessproductclassesarebasedon______________.
A)howtheproductisproduced;howtheproductissold
B)howtheproductissold;howtheproductisproduced
C)thepriceoftheproduct;thequalityoftheproduct
D)howtheproductistobeused;thepricefortheproduct
E)howconsumersshopfortheproduct;howtheproductistobeused
32.Whichofthefollowingis(are)TRUE?
A)"Brandname"isaword,letter,orgroupofwordsorletters.
B)"Servicemark"referstoallmeansofproductidentification.
C)"Branding"referstotheuseofsymbolstoidentifyaproductbutdoesnotincludebrandnames.
D)A"trademark"mustbeattachedtoaproducttobelegallyprotected.
E)Alloftheabovearetrue.
33."Noise"(inthecommunicationprocess)refersto:
A)messagesthataretooloudorbold.
B)effortsbyafirm'scompetitorstoblockitsmessagechannel.
C)theencodedmessagebeforeitisdecoded.
D)anydistractionsthatreducetheeffectivenessofthecommunicationprocess.
E)radioadvertisinginterferenceonly.
34.Whatbasicpromotionobjectiveshouldbeemphasizedbyaproducerintroducingareallynewproductthatsatisfiescustomerneedsbetterthananyexistingproduct?
A)Maximizing
B)Informing
C)Communicating
D)Persuading
E)Reminding
35.Tryingtogetthe"cream"ofamarket(i.e.,thetopofademandcurve)atahighpricebeforeaimingatthemoreprice-sensitivecustomersisconsistentwitha(n):
A)introductorypricedealingpolicy.
B)penetrationpricingpolicy.
C)skimmingpricingpolicy.
D)flexible-pricepolicy.
E)sales-orientedpricingpolicy.
IV.Answerthefollowingquestions.(20points)
1.Whatactivitiesdoesmarketinginvolvebesidesselling?(5points)
2.Howdoesmarketingrelatetothefivekindsofeconomicutility?(5points)
3.Intheshortcasesthatfollow,avarietyofpsychologicalvariablesandsocialinfluencesareoperatingtoinfluenceaconsumer’sresponse.Identifytherelevantpsychologicalvariablesandsocialinfluencesandbrieflyexplainhoweachitemisillustratedinthecase.(10points)
JoanandPaulDavisandtheirtwochildrenareconsideringthepurchaseofarecreationalvehicle.Paulisenthusiasticbecause,heargues,theRVwouldbeperfectforfamilycampingtrips,aswellasfishingtripswithhisfriends.Joanislessinfavourofthepurchase.Sheisnvervousaboutcampinginremotelocations.ShealsoremembersareportthatRVsgetlowgasmileageandare,therefore,expensivetorun.Paulisquicktopointoutthatthesamereportdescribedthelargepotentialsavingsofaweek-longvacationinaRVcomparedtostayingatahotelormotel.
a.Psychologicalvariables
1)___________________Explanation:____________________
2)___________________Explanation:____________________
b.socialinfluences
1)___________________Explanation:____________________
2)___________________Explanation:____________________
Keystopaper1
I.
1.utility-thepowertosatisfyhumanneeds
2.marketingconcept-theideathatanorganizationshouldaimallofitseffortsatsatisfyingitscustomers----ataprofit
3.customervalue-concernsthedifferencebetweenthebenefitsacustomerseesfromafirm’smarketofferingandthecostsofobtainingthosebenefits
4.marketsegmentation–atwo-stepprocessof(1)namingbroadproduct-marketsand(2)segmentingthesebroadproduct-marketstoselecttargetmarketsanddevelopsuitablemarketingmixes.
5.product–theneedsatisfyingofferingofafirm
II.
F2.T3.F4.F5.F.6.T7.T8.F9.F10.T
11.T12.T13.F14.F15.F16.T17.F18.T19.T20.T
21.T22.F23.T24.F25.T
III.
E2.C3.C4.E5.B6.E7.D8.A9.D10.C
11.D12.D13.A14.E15.D16.E17.D18.E19.E20.D
21.E22.E23.D24.D25.C26.B27.E28.D29.A30.B
31.E32.A33.D34.B35.C
IV.
Marketingisbothasetofactivitiesperformedbyorganizationsandasocialprocess.TheAmericanMarketingAssociationdefinesmarketingas“theprocessofplanningandexecutingtheconception,pricing,promotionanddistributionofideas,goodsandservicestocreateexchangesthatsatisfyindividualandorganizationalobjectives.”Itismorethanjustsellingorpromoting.
marketingprovidestime,placeandpossessionutility,andshouldguidedecisionsrelatedtowhatgoodsandservicestoproducetoprovideformandtaskutility.
3.
a.Psychologicalvariables
1)PSSPhierarchyExplanation:Joanisafraidofbeingisolated–safetyneeds.
2)SelectiveProcessesExplanation:Joanonlyremembersthepartofthereportthatsupportsherviewpoint.
b.socialinfluences
1)FamilyExplanation:Paulwantstotakefamilycampingvacations,butJoanisconcernedaboutthefamily’ssafety.
2)ReferencegroupExplanation:Paulwantstotakehisfriendsonafishingtripin“his”RV.
I.Definingthefollowingterms.(20points)
1.marketing
2.marketinginformationsystem(MIS)
3.channelofdistribution
4.positioning
5.productline
II.Trueorfalse(25points):
Macro-marketingemphasizeshowthewholemarketingsystemworks.
2.Purecompetitioncanalwaysbeavoided,ifafirmtrieshardenough.
3.Thejobofmarketingistoguidethedevelopmentofformandtaskutility,andtoprovidetime,place,andpossessionutilities.
4.Goodrelationswithintermediaries,goodlocation,andgoodsalespeoplearesomeofthemanyresourcesofafirmthatshouldbeevaluatedwhensearchingfornewopportunities.
5.Consumerismisasocialmovementthatseekstopunishuncooperativebusinesses.
6.Mostmarketingmanagerswhoseehowamarketinginformationsystem(MIS)canhelptheirdecision-makingareeagerformoreinformation.
7.Amarketingresearcherusingthescientificmethoddevelopsandtestshypothesesabouttherelationshipsbetweenthingsoraboutwhatwillhappeninthefuture.
8.Unlesstheproblemispreciselydefined,researcheffortmaybewastedonthewrongproblem,andmayleadtocostlymistakes.
9.Validityconcernstheextenttowhichdatameasureswhatitisintendedtomeasure.
10.Theeconomic-buyertheoryassumesthatconsumersknowallthefactsandlogicallycomparechoicesintermsofcostandvalue.
11.Consumersdonotusuallyseeorhearallthestimulithatcometheirway.
12.Themaindifferencebetweenattitudesandbeliefsisthatbeliefsalwaysinvolvelikingordisliking,butattitudesdon'tnecessarilyinvolvelikingordisliking.
13.Themaindifferencebetweena"genericmarket"anda"product-market"iswhethercustomerneedsaresimilarordifferent.
14.Usingoneortwodemographicdimensionstodescribemarketsegmentsusuallyprovidesenoughdetailforplanningamarketingstrategy.
15.Ifaproduct-marketsegmentis"homogeneouswithin,"itiscalleda"substantial"targetmarket.
16.Aproduct-marketsegmentis"operational"ifitisbigenoughtobeprofitabletothefirm.
17.A"product"shouldbethoughtofaspotentialcustomersatisfactionsorbenefits.
18.Productsthataconsumerneedsbutisn'twillingtospendmuchtimeshoppingforareconvenienceproducts.
19.Productclassdoesnotvarybycountry.
20.Brandingismorelikelytobesuccessfuliftheproductisthebestfortheprice,andqualitycanbemaintainedeasily.
21.Assortingactivitiesinvolveputtingtogetheravarietyofproductstogiveatargetmarketwhatitwants.
22.Direct-to-userschannelsarerarelyusedbecausetheyaremuchmoreexpensiveandlessefficientthanusingintermediaries.
23.Personalsellinginvolvesdirectspokencommunicationbetweensellersandpotentialcustomers.
24.Salespromotioncanbeaimedatintermediaries,atfinalconsumers,orevenatafirm'sownemployees.
25.Pricingobjectivesandpoliciesshouldflowfromcompany-levelobjectives.
III.Multiplechoices(35points):
1.WhichofthefollowingisNOTlikelytobefoundinacompanywithamarketingorientation?Thecompany
A)sellswhateveritcanmake.
B)designsitspackagingasasellingtool.
C)usesmarketingresearchtoseeifitissatisfyingitscustomers.
D)seesdeliveryasaservice.
E)focusesonlocatingnewopportunities.
2.Marketingprovides:
A)place,possession,andtimeutility.
B)form,place,andpossessionutility.
C)placeandtimeutility.
D)form,possession,andtimeutility.
E)task,place,andpossessionutility.
3.Regardingthefivestagesinmarketingevolution:
A)inthemarketingcompanyera,firmsdoshort-runplanningonly.
B)mostfirmsoperateintheproductionera.
C)thefirsteratoevolvewasthesalesera.
D)inthemarketingdepartmentera,firmsdobothshort-runandlong-runplanning.
E)Noneoftheabovearetrue.
4.Customervaluerefersto:
A)howmuchmoneythecustomerwillspendinthenextyear.
B)howmuchmoneythecustomerwillspendoverhisorherlifetime.
C)thevalueseenbythemarketingofferingwhencomparedtothecosts.
D)thevalueofcostswhencomparedtointerestrates.
E)thevalueofpricewhencomparedtointerestrates.
5.Thebasicobjectiveofafirmshouldbeto:
A)engageinsomespecificbusinessactivitythatwillperformasociallyandeconomicallyusefulfunction.
B)developanorganizationtocarryonthebusinessandimplementitsstrategies.
C)earnenoughprofittosurvive.
D)Alloftheabove.
E)OnlyBandCabove.
6.ConsumeremphasisonfitnesshascreatedopportunitiesforfirmslikeNike,NautilusandSchwinn,andillustratestheimpactofthechanging:
A)culturalandsocialenvironment.
B)politicalandlegalenvironment.
C)competitiveenvironment.
D)technologicalenvironment.
E)economicenvironment.
7.A_____________isanorganizedwayofcontinuallygatheringandanalyzingdatatogetinformationtohelpmarketingmanagersmakedecisions.
A)marketingresearchdepartment
B)marketinglogisticssystem
C)marketingresearchproject
D)marketinginformationsystem
E)marketingmodel
8.Marketingresearch:
A) providesinformationforuseindecision-making.
B) mustbeajointeffortbetweentheresearcherandthemanager.
C) maybehandledbyoutsidespecialistsorbypeoplewithinthefirm.
D) Alloftheabovearetrue.
E) Noneoftheaboveistrue.
9.Themostimportantandoftenthemostdifficultstepinthemarketingresearchprocessis:
A) definingtheproblem.
B) gatheringprimarydata.
C) interpretingthedata.
D) gatheringsecondarydata.
E) bothBandC.
10.Secondarydata:
A) isavailablebothinternallyandoutsidethefirm.
B) maynotbespecificenoughtoanswerthequestionunderconsideration.
C) isoftenallthatisneededtosolveaproblem.
D) shouldbeconsideredbeforeprimarydataiscollected.
E) alloftheabove.
11.Whichofthefollowingwouldbeasourceofprimarydata?
A) companyrecordsonsales,costs,andadvertising
B) markettests
C) StatisticsCanadareports
D) alloftheabove
E) AandBonly
12.Twosimilargroupsofconsumersareshowndifferentmagazinesthatincludethesamead.Theneachconsumerisaskedquestionsabouttheadvertisedproduct.Thisseemstobeadescriptionof:
A) asetofpersonalinterviews.
B) theexperimentalmethod.
C) aconsumerpanelresearchproject.
D) asetoffocusgroupinterviews.
E) Noneoftheabove.
13.JoanAndersonisstatus-oriented.Whenshebuysclothing,sheonlyconsidersitemswithwell-known"labels"thatherfriendswillnotice.Thisbehaviourillustrates:
A) the"economicbuyer"modelofbuyerbehaviour.
B) satisfyinganeed.
C) satisfyingabelief.
D) satisfyingawant.
E) Alloftheaboveareequallygoodanswers.
14.Regardingconsumermotivation,thetextstatesthat:
A) allneedsandwantsarecausedbydrives.
B) wantsarelearnedneeds.
C) needsarethebasicforcesthatmotivatepeopletodosomething.
D) theterms"need"and"want"meanthesamething.
E) BothBandCarecorrect.
15.MattLondonhasacoughandstuffynose,andsuddenlybecomesawareofmanyTVadsforcoldproductsthathenevernoticedbefore.Thisillustrates:
A) reinforcedcognition.
B) selectiveexposure.
C) selectiveretention.
D) selectiveperception.
E) Noneoftheabove.
16.WhichofthefollowingstatementsaboutlearningisNOTcorrect?
A) Reinforcementinthelearningprocessweakenstherelationshipbetweenacueandaresponse.
B) Almostallconsumerbehaviourislearned.
C) Amarketingmanagercanuseapackageasa"cue."
D) Satisfactionwithaproductpurchaseisreinforcement.
E) Repeatedreinforcementislikelytoleadtoroutinebuying.
17.Thestatement,"IlikeHersheybars,"isanexampleof:
A)abelief.
B)anintention.
C)anattitude.
D)noneoftheabove.
18.DanielBakernoticedduringaweeklygroceryshoppingthat7-Upwasonsale.Eventhoughhecouldhavesavedmoneywiththe7-Up,DanielboughtSpritebecausethat'sthebrandhischildrenprefer.Danielwasrespondingto:
A)socialinfluence.
B)adrive.
C)marketinginfluence.
D)selectiveexposure.
E)dissonance.
19.Comparedtolower-classconsumers,middle-classconsumersgenerally:
A)aremoreself-confidentandwillingtotakerisks.
B)havelargerincomes.
C)liveforthepresent.
D)wanthelpwithdecision-making.
E)feelcontrolledbytheworld.
20.MarshaCellowasinterestedinanewcamcorder.Shediscussedthevarioustypeswithsomeknowledgeablefriendsandreliedontheiradvice.Marsha'sfriendswereactingas:
A)alifestylegroup.
B)areferencegroup.
C)asocialclass.
D)aneconomicinfluence.
E)routinizeddecision-makers.
21.ExtensiveproblemsolvingprobablywouldNOTberequiredbyyoungnewlymarriedcouplesinthepurchaseof:
A)aVCR.
B)acar.
C)ahome.
D)astereosystem.
E)softdrinks.
22.The"adoptionprocess"suggeststhat:
A)confirmationcomesfromasatisfactoryevaluation.
B)decisionusuallyfollowstrialandconfirmation.
C)thedecisiontorejectmayfollowconfirmation.
D)confirmationmustcomebeforethedecisiontoadoptorreject.
E)evaluationusuallycomesbeforetrialanddecision.
23.Whichofthefollowingisthebestexampleofa"product-market"?
A)Thecomputermarket
B)Theconveniencemarket
C)Theyoung-adultdiningmarket
D)Thestatussymbolmarket
E)Thewaterskismarket
24.Apencil,adictatingmachine,andawordprocessormightcompeteinthesame:
A)product-market.
B)targetmarket.
C)genericmarket.
D)Anyoftheabove.
E)Noneoftheabove.
25.Givenitsinterestinthebroadproduct-marketfor"ready-to-eat,health-conscioussnackfoods,"whichofthefollowingshouldtheLifetimeFoodsCo.doFIRST?
A)Segmenttheproduct-markettotrytoidentifyhomogeneoussubmarketsandselectanattractiv
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