Prelim Question Answer
Prelim Question Answer
True
13. The Multi-Touch Attribution is best done
False with a complex simple even distribution.
Select one:
7. Research and monitoring your competition
True
is a minor major component of developing
an effective marketing strategy. False
Select one:
14. A great way to assess the real impact of a
True
specific marketing program is to examine its
False effectiveness against an organized control
group by comparing the results of both
8. You cannot can combine both mix and groups.
strategy because it will make your business Select one:
weak strong.
True
Select one:
False
True
False 15. Regression is a statistical technique that
shows how outcomes of sales volume rely
9. To attain the company’s objectives in the on a range of independent marketing touches
target markets, you need to plan, analyze, and other non-marketing elements.
control, and implement pray. Select one:
Select one:
True
True
False
False
True True
False False
3. Events involving a producer or vendor can 9. The Gen-X are the generation that is always-
potentially affect customer satisfaction, connected have been influenced by a wide
whether those events impact the availability range of political and cultural shifts, perhaps
of materials, product quality or supply chain most notably the development of various
costs. technologies.
Select one: Select one:
True True
False False
4. Publics are places that provide venues for 10. The distinct characteristic of a Millennial is
marketing activities groups that make a their absolute fluency and comfort with
major impact on marketing activities created computer, digital, and internet technology.
to contribute to customers’ satisfaction with Select one:
a product and an organization. True
Select one:
False
True
False 11. Factors that influence consumer purchasing
power and spending patterns are included in
5. Satisfied customers are a public that add to a the natural economic environment.
marketing initiative through positive word- Select one:
of-mouth. True
Select one:
False
True
False 12. The areas of concern in the natural
environment are the shortage of raw
6. The demographic environment is a major materials, increased pollution, government
force that can shape opportunities and pose involvement in natural resources
threats in a company’s macro-environment. management, among others.
Select one: Select one:
True True
False False
7. A demographic trend that is most visible is 13. The technological environment accounts for
emerging markets like China that is forces that develop new technologies,
attracting more attention from global developing new product and market
opportunities.
Select one:
Select one:
True
True
False
False
14. The political cultural environment is
composed of traditions and other factors that 5. You can assess and evaluate information
influence society’s basic values, perceptions, needs through an effective management
preferences, and behaviors. interactive system or MIS.
Select one: Select one:
True True
False False
6. The MIS caters only to the company’s
15. Reactive Proactive marketing takes on the marketing and other managers.
environmental management perspective Select one:
using psychological, political, economic and
True
public relations skills to manage
environmental forces to the company’s False
benefits while proactive reactive marketing
considers marketing environmental forces as 7. An effective MIS balances what data users
absolutely uncontrollable and tough to would like to own against what they really
predict. need and what is viable to offer.
Select one: Select one:
True True
False False
True
11. The systematic design, collection, analysis,
False and reporting of data relevant to a specific
marketing situation facing an organization is
4. Customer insight should never be used for called market exploration.
marketing strategy and policy. Select one:
True
2. The 4 major factors that influence consumer
False buyer behavior are psychological, physical,
emotional and spiritual cultural, social, and
12. The marketing research process starts with personal.
(1) defining the problem and research Select one:
objective; (2) developing the research plan
True
for collecting information; (3) interpreting
and reporting the findings; and (4) False
implementing the research plan – collecting
and analyzing the data 3. Pottery Barn sells more than just home
Select one: furnishings. It sells upscale yet casual,
family- and friend-focused lifestyle is an
True
example of a social personal factor affecting
False consumer buyer behavior.
Select one:
13. Primary data consists of information that
True
already exists somewhere, having been
collected for another purpose while False
secondary data consists of information
collected for the specific purpose at hand. 4. Subculture Culture is a set of basic values,
Select one: perceptions, wants, and behaviors learned by
a member of society from family and other
True
important institutions while culture
False subculture is a group of people with shared
value systems based on common life
14. Online marketing research includes internet experiences and situations.
surveys, online panels, experiments, and Select one:
online focus groups and brand communities.
True
Select one:
False
True
False 5. A caste system social class is a relatively
permanent and ordered division in a society
15. Managing general information about whose members share similar values,
individual customers and carefully interests, and behaviors.
managing customer touch points to Select one:
maximize customer loyalty is called
True
customer loyalty points.
Select one: False
True
6. Word-of-mouth influence is the impact of
False the personal words and recommendations of
trusted friends, associates, and other
consumers on buying behavior same as
while buzz marketing is creating opinion
Quiz 5 (Score 15/15) leaders to serve as “brand ambassadors”
1. A consumer market consists of all the who spread the word about a company’s
individuals and households that buy or products.
acquire goods and services for personal Select one:
consumption.
True
Select one:
False
True
False
7. You are an opinion leader if you possess situations characterized by high consumer
special skills, knowledge, personality, or involvement in a purchase and significant
other characteristics to exert social influence perceived differences among brands.
over others. Select one:
Select one:
True
True
False
False
14. Variety-seeking Habitual buying behavior is
8. Marketers are NOT intimidated by the onset when consumers do not search extensively
of online social networks. They are working for information about the brands, evaluate
to harness the power of these new social brand characteristics, and make weighty
networks and others to promote their decisions about which brands to buy.
products and build closer customer Select one:
relationships. They hope to use the internet
True
and social networks to interact with
consumers and become a part of their False
conversations and lives.
Select one: 15. The buyer decision process involves need
recognition, information search, evaluation
True
of alternatives, purchase decision, and post-
False purchase behavior.
Select one:
9. A schedule lifestyle is a person’s pattern of
True
living as expressed in his or her activities,
interests, and opinions. False
Select one:
True
False Prelim Exam (Score 17/20)
1. Name and describe the types of buying
10. A behavior personality is the unique decision behavior and describe a personal
psychological characteristics that distinguish example for each.
a person or group. The four types of buying decision behaviors
Select one: are complex buying behavior,
True dissonance reducing buying behavior,
habitual buying behavior, and variety
False
seeking buying behavior. In complex buying
behavior consumers show a high level of
11. A brand personality is the specific mix of
involvement while purchase and observe
human traits that may be attributed to a
considerable differences among
particular brand.
brands. Dissonance reducing has
Select one:
consumer involvement very high due to the
True high prices and infrequent
False purchases. Habitual buying behavior
consumer involvement is low. Variety
12. People can form different perceptions of the seeking buying behavior situation consumer
same stimulus because of selective retention, involvement is extremely low.
selective attention, and selective distortion. 2. Video Case: Domino’s
Select one: http://pizzaturnaround.com/ -- As a delivery
company, no one delivers better than
True Domino’s. Its reputation for hot pizza in 30
False minutes or less is ingrained in customers’
13. Dissonance-reducing Complex buying minds. But not long ago, Domino’s began
behavior is consumer buying behavior in
hearing its customers talking about how its How many parts go into Apple’s iPhone? Of course
pizza was horrible. there are the case, screen, camera, processor, and
As a company that has long focused on battery, but have you ever considered all the other
solid marketing intelligence to make parts, such as screws and switches?
decisions, Domino’s went to work on how it There are 40 to 50 screws alone in an
could change consumer perceptions about its iPhone, and each of the parts—including the
pizza. Through marketing research screws—must be sourced from suppliers.
techniques, Domino’s soon realized that it Apple’s list of primary contractors includes
had to take a very risky step and completely more than 20 companies scattered around
re-create the pizza that it had been selling the globe. Apple’s current CEO, Tim Cook,
for over 40 years. This video illustrates how was brought on by Apple co-founder, the
research not only enabled Domino’s to come late Steve Jobs, to streamline Apple’s supply
up with a winning recipe, but led to a chain. Cook cut component suppliers from
successful promotional campaign that has 100 to 24 and shut down 19 Apple
made fans of Domino’s pizza in addition to warehouses, resulting in a reduction of parts
its delivery service. After viewing the video inventory from one month to just six days.
featuring Domino’s, answer the following Most of this is possible through technology,
questions: and as a result, Apple’s supply chain has
been ranked number one in the world three
Explain the role that marketing research played in years in a row by Gartner’s and Apple is
the creation and launch of Domino’s new pizza. achieving record-setting profits.
Marketing research played a key role in
Domino's release of a new pizza. Marketing 5. Go to www.gartner.com/DisplayDocument,
was the beginning and the end of the deal. select another company on Gartner’s Supply
Marketing started off by assessing all the Chain Top 25, and describe that company’s
bad publicity that had been shared and supply chain. Discuss the role technology
created about Domino's. They worked with plays in that company’s purchasing.
other departments in the company to create a Technology in business allows organizations
strategy and new plan for what the new to improve both the performance and overall
pizza would be like. The creation and launch effectiveness of products, systems and
also ended with the marketing team by services, which, in turn, enables businesses
creating new advertisement for the pizza to expand quickly and efficiently.
and to get people excited to try it.
6. Discuss possible negative consequences of
3. Are there more effective ways that using technology to gain competitive
Domino’s could have gone about its advantage through purchasing and vendor
research process? relationship activities.
I believe that Domino's did handle this Furthermore, the increased instability of the
situation effectively, and I’m not sure of a exchange rate environment in the last
more effective way. They accessed the issue several years has also led to increased
at hand and worked to find a probable difficulties in managing globally scattered
solution. operations that were once fashionable in the
1980s-90s under the rubric of global
4. Why did it take so long for Domino’s to strategy. In this article, the authors explore
realize that customers didn’t like its pizza? potential limitations and negative
Was it an accident that it made this consequences of outsourcing strategy on a
realization? global scale.
As a delivery company, no one delivers
better than Domino’s. Its reputation for hot 7. The buying behavior of organizations that
pizza in 30 minutes or less is ingrained in buy goods and services for use in the
customers’ minds. But not long ago, production of other products and services
Domino’s began hearing its customers that are sold, rented, or supplied to others.
talking about how its pizza was horrible. Select one:
a. Consumer buyer behavior
b. Consumer buying process a. New task
c. Business buying process b. Systems selling
d. Business buyer behavior c. Straight rebuy
d. Modified rebuy
8. Business demand that ultimately comes
from the demand for consumer goods.
13. A business buying situation in which the
Select one:
buyer wants to modify product
a. Derived demand specifications, prices, terms, or suppliers.
Select one:
b. Real demand
a. Modified rebuy
c. Buyer’s demand
b. Straight rebuy
d. Market demand
c. New task
9. Business purchases often involve
d. Systems selling
__________________at many levels of the
buyer’s organization.
14. A business buying situation in which the
Select one:
buyer purchases a product or service for the
a. interactions among people first time.
Select one:
b. large sums of money
a. Modified rebuy
c. All of the above
b. Straight rebuy
d. complex technical and economic
considerations c. New task
d. Systems selling
10. Systematic development of networks of
supplier-partners to ensure an appropriate
15. Buying a packaged solution to a problem
and dependable supply of products and
from a single seller, thus avoiding all the
materials for use in making products or
separate decisions involved in a complex
reselling them to others
buying situation.
Select one:
Select one:
a. Business development
a. Systems selling
b. Consumer development
b. Modified rebuy
c. Supplier development
c. Straight rebuy
d. Reseller development
d. New task