Professional Documents
Culture Documents
Multiple Choice
a. execution
b. selling
c. strategies
d. tactics
e. research
2. Marketing is both an “art” and a “science”—there is constant tension between the formulated
side of marketing and the ________ side.
a. creative
b. selling
c. management
d. forecasting
e. behavior
d. an organizational function and a set of processes for creating, communicating, and delivering,
value to customers, and for managing customer relationships in ways that benefit the organization and
its stake holders.
e. the art and science of choosing target markets and getting, keeping, and growing customers
through creating, delivering, and communicating superior customer value
b. how to enter each country (as an exporter, licenser, joint venture partner, contract
manufacturer, or solo manufacturer)
a. metamarket
b. vertical integration
c. horizontal integration
d. betamarket
e. synchronized marketing
7. The ________ promises to lead to more accurate levels of production, more targeted
communications, and more relevant pricing.
a. Age of Globalization
b. Age of Deregulation
c. Industrial Age
d. Information Age
e. Production Age
8. Many countries have ________ industries to create greater competition and growth
opportunities.
a. open-market
b. deregulated
c. regulated
d. scientifically segmented
9. Customers are showing greater price sensitivity in their search for ________.
d. value
e. relationships
10. ________ can be seen as the development, design, and implementation of marketing programs,
processes, and activities that recognizes the breadth and interdependencies of their effects.
a. Niche marketing
b. Holistic marketing
c. Relationship marketing
d. Supply-chain marketing
e. Demand-centered marketing
11. ________ marketing has the aim of building mutually satisfying long-term relations with key
parties such as customers, suppliers, distributors, and other marketing partners in order to earn and
retain their business.
a. Holistic
b. Demand-based
c. Direct
d. Relationship
e. Synthetic
12. Companies who form a ________ collect information on each customer’s past transactions,
demographics, psychographics, and media and distribution preferences.
a. sales network
b. holistic union
c. marketing network
d. supply-chain network
e. integrated network
13. The ability of a company to deal with customers one at a time has become practical as a result
of advances in ________, computers, the Internet, and database marketing software.
b. information technology
c. just-in-time manufacturing
d. factory customization
e. customer-centered strategies
14. One traditional depiction of marketing activities is in terms of the marketing mix or four Ps. The
four Ps are characterized as being ________.
15. The four Ps represent the sellers’ view of the marketing tools available for influencing buyers.
From a buyer’s point of view, each marketing tool is designed to deliver a customer benefit. Robert
Lauterborn suggested that the sellers’ four Ps correspond to the customers’ four Cs. The four Cs are
________.
16. Holistic marketing incorporates ________, ensuring that everyone in the organization embraces
appropriate marketing principles, especially senior management.
a. profit objectives
b. share of customer
c. internal marketing
e. strategic planning
a. company orientation
b. philosophy
c. function
d. branch of management
e. branch of economics
18. Holistic marketing incorporates ________ and understanding broader concerns and the ethical,
environmental, legal, and social context of marketing activities and programs.
b. cultural marketing
d. cross-functional teams
19. The ________ holds that the organization’s task is to determine the needs, wants, and interests
of target markets and to deliver the desired satisfactions more effectively and efficiently than
competitors in a way that preserves or enhances the consumer’s and the society’s well-being.
a. customer-centered business
e. production-centered business
20. Companies see ________ as an opportunity to enhance their corporate reputation, raise brand
awareness, increase customer loyalty, build sales, and increase press coverage.
a. cause-related marketing
b. brand marketing
c. equity marketing
d. direct marketing
e. recognition marketing
21. When a customer has a(n) ________ need he/she wants a car whose operating cost, not its
initial price, is low.
a. stated
b. real
c. unstated
d. delight
e. secret
22. When a customer has a(n) ________ need the customer wants to be seen by friends as a savvy
consumer.
a. real
b. unstated
c. delight
d. secret
e. stated
a. target markets
b. primary markets
c. tertiary markets
d. demographic markets
e. focused markets
24. If a marketer decides to use warehouses, transportation companies, banks, and insurance
companies to facilitate transactions with potential buyers, the marketer is using what is called a
________.
a. service channel
b. distribution channel
c. brand channel
d. relationship channel
e. intermediary channel
25. ________ includes all the actual and potential rival offerings and substitutes that a buyer might
consider.
a. Competition
c. A value proposition
Multiple Choice
1. The major responsibility for identifying significant marketplace changes falls to the ________.
b. company’s marketers
2. Marketers have extensive information about how consumption patterns vary across countries.
On a per capita basis within Western Europe, the ________ smoke the most cigarettes.
a. Swiss
b. Greeks
c. Irish
d. Austrians
e. French
d. What magazines and trade reports would you like to see on a regular basis?
4. ________ consists of people, equipment, and procedures to gather, sort, analyze, evaluate, and
distribute needed, timely, and accurate information to marketing decision makers.
d. A promotional campaign
e. A marketing database
5. The company’s marketing information system should be a cross between what managers think
they need, what managers really need, and ________.
6. Marketing managers rely on internal reports. By analyzing this information, they can spot
________.
a. micro-markets
c. macro-markets
d. competitive strategies
a. database
c. order-to-payment cycle
d. service consideration
8. When a marketer “mines” his or her company’s database, fresh insights can be gained into neglected
customer segments, ________, and other useful information.
9. The internal records system supplies results data, but the marketing intelligence system supplies
________ data.
a. concurrent
b. secondary
c. research
d. happenings
e. premium
10. A ________ is a set of procedures and sources managers use to obtain everyday information
about developments in the marketing environment.
e. vertical system
11. A company can take several steps to improve the quality of its marketing intelligence. If the company
purchases competitive products for study, attends open houses and trade shows, and reads
competitors’ published reports and stockholder information, the company is using ________ to improve
the quality of its marketing intelligence.
a. sales force surrogates
b. intermediaries
c. external networks
d. advisory panels
12. All of the following would be considered to be steps to improve the quality of marketing intelligence
in a company EXCEPT ________.
a. a company can train and motivate the sales force to spot and report new developments
b. a company can use guerrilla tactics such as going through a competitor’s trash
13. The 2000 U.S. census provides an in-depth look at the population swings, demographic groups,
regional migrations, and changing family structure of 281+ million people. Which of the following steps
to improve the quality of company marketing intelligence system would be most closely associated the
above illustration?
e. A company can use its sales force to collect and report data.
15. A ________ is “unpredictable, short-lived, and without social, economic, and political
significance.”
a. fad
b. fashion
c. trend
d. megatrend
e. style
16. A ________ is a direction or sequence of events that has some momentum and durability; the
shape of the future is revealed and many opportunities are provided.
a. fad
b. fashion
c. trend
d. megatrend
e. style
17. ________ have been described as “large social, economic, political and technological changes
[that] are slow to form, and once in place, they influence us for some time—between seven and ten
years, or longer.
a. Fads
b. Fashions
c. Trends
d. Megatrends
e. Styles
18. Which of the following minority groups in the United States has been associated with one of the
ten megatrends shaping the consumer landscape?
a. African Americans
b. Asian Americans
c. European Americans
d. Hispanic Americans
19. The beginning of the new century brought a series of new challenges. All of the following would
be considered to be among those challenges EXCEPT ________.
c. increasing unemployment
d. corporate scandals
20. With the rapidly changing global picture, the firm must monitor six major forces. All of the
following would be among those forces EXCEPT ________.
a. demographic
b. economic
c. social-cultural
d. natural
e. promotional
21. The main demographic force that marketers monitor is(are) ________.
a. suppliers
b. competitors
e. population
22. The population explosion has been a source of major concern. Unchecked population growth
and consumption could eventually result in all of the following EXCEPT ________.
c. overcrowding
d. restrictions on competition
e. pollution
23. One impact of explosive population growth is illustrated by the case of China. The Chinese
government passed regulations limiting families to one child. One consequence of these regulations is
that ________.
a. the children are so fussed over and spoiled that they become “little emperors”
c. the fledgling automotive business in China will not have customers in a few years
49. All of the following EXCEPT ________ have been found to influence young people today and cause a
shift of secondary cores values for this group.
a. U2’s Bono.
b. Elvis Presley.
50. Although core values are fairly persistent, cultural swings do take place. ________ caused such a
swing in the 1960s.
d. The infomercial
e. The Beatles
51. Marketers need to be aware of threats and opportunities associated with four trends in the natural
environment. All of the following are among those trends EXCEPT ________.
26. Marketers are always looking for emerging trends that suggest new marketing opportunities.
One such trend is the “metrosexual.” Which of the following items would the metrosexual most likely
have some interest for?
a. An IBM computer.
c. Saxophone lessons.
2. ________ is the study of how individuals, groups, and organizations select, buy, use, and dispose
of goods, services, ideas, or experiences to satisfy their needs and wants.
a. Target marketing
b. Psychographic segmentation
c. Psychology
d. Consumer behavior
f. Product differentiation
3. The fundamental determinant of a person’s wants and behavior is the person’s ________.
a. psyche
b. national origin
c. culture
d. peer group
e. family tree
Answer: c Page: 174 Level of difficulty: Medium
4. A child growing up in the United States is exposed to all of the following values EXCEPT
________.
b. activity
e. freedom
a. A religion.
c. Your university.
d. A fraternity or sorority.
e. Your occupation.
6. With respect to facts about the American consumer, which of the following consumer
electronics is owned by the vast majority of consuming households with a 93 percent reporting
ownership?
a. A personal computer.
b. TiVo DVR.
c. A cellular phone.
d. A microwave oven.
e. A VCR.
Answer: e Page: 175 Level of difficulty: Hard
7. ________ is defined as being relatively homogeneous and enduring divisions in a society, which
are hierarchically ordered and whose members share similar values, interests, and behavior.
a. Culture
b. Subculture
c. Social class
d. The family
e. A group
8. Social classes show distinct product and brand preferences in all the following
a. clothing
b. home furnishings
c. leisure activities
d. automobiles
e. fast food
9. A person’s ________ consist(s) of all the groups that have a direct (face-to-face) or indirect
influence on his/her attitudes or behavior.
a. culture
b. subculture
c. psychographics
d. reference groups
e. demographics
10. A(n) ________ group is one whose values or behavior an individual rejects.
a. aspirational
b. disassociative
c. membership
d. primary
e. procreational
11. If a direct mail marketer wished to direct promotional efforts toward the family of ________, efforts
need to be directed toward parents and siblings of the family members.
a. orientation
b. procreation
c. immediacy
d. intimacy
e. reference
12. Expected to account for a quarter of the U.S. population by 2050, ________ are the fastest
growing minority.
a. African Americans
b. Asian Americans
c. Hispanic Americans
d. European Americans
e. Arabic Americans
13. The dominant cohort, with respect to families, for the next fifty years may very well be the
________ cohort.
a. married-couple household
b. single adults
c. single seniors
d. married seniors
14. Husbands and wives display different decision-making roles in most families. The trend for
dominant decision making in families is for ________ to be responsible for most of the decisions.
a. the husband
b. the wife
15. The Disney Channel has become the company’s cash cow for its ability to reach the underserved
________ market—8- to 14-year-olds.
a. teen
b. twixt
c. mid-
d. tween
e. young adult
16. People choose products that reflect and communicate their role and actual or desired ________
in society.
a. group
b. status
c. attitudes
d. beliefs
e. feelings
d. post-puberty cycles
18. Product choice is greatly affected by economic circumstances. All of the following would be
among those circumstances EXCEPT ________.
a. spendable income
c. debts
d. occupation
e. borrowing power
19. ________ is a set of distinguishing human psychological traits that lead to relatively consistent
and enduring responses to environmental stimuli.
a. Image
b. Personality
c. Beliefs
d. Heredity
e. Culture
20. When the Marlboro Man was depicted in advertising as a rugged outdoor, tough cowboy type,
this was done to establish what is called a ________.
a. trademark
b. brand name
c. brand personality
e. brand reference
21. ________ portrays the “whole person” interacting with his or her environment.
a. Attitude
b. Reference group
c. Lifestyle
d. Culture
e. Subculture
22. Consumers today are experiencing a time famine because of their busy lifestyles. One way to avoid
the difficulties of time famine, which is of particular interest to marketers, is ________.
b. to multitask
23. With respect to understanding consumer behavior, there are four key psychological processes.
All of the following would be among those processes EXCEPT ________.
a. motivation
b. perception
c. learning
d. self-reliance
e. memory
25. ________ assumed that the psychological forces shaping people’s behavior are largely
unconscious, and that a person cannot fully understand his or her own motivations.
a. Abraham Maslow
b. Frederick Herzberg
c. Sigmund Freud
d. John Cacioppo
e. Karl Marx
Multiple Choice
1. To create and capture value, sellers need to understand business organizations’ needs,
resources, policies, and ________.
g. demands
h. protocols
i. strategies
j. buying procedures
k. personnel policies
27. Webster and Wind define ________ as the decision-making process by which formal
organizations establish the need for purchased products and services and identify, evaluate, and choose
among alternative brands and suppliers.
a. marketing channels
b. organizational buying
c. demand-oriented buying
d. purchasing
e. inventory control
28. 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 others.
a. business market
b. consumer market
c. e-commerce market
d. global market
e. supplier market
c. professional purchasing
d. inverted demand
30. All of the following would be among the major industries that make up the business market
EXCEPT ________.
b. manufacturing
c. construction
e. the Internet
31. Trained purchasing agents, who must follow their organization’s ________, often purchase
business goods.
a. culture
d. needs
e. financial budgets
a. Derived demand
b. Inelastic demand
c. Geographic demand
d. Relational demand
e. Static demand
33. The demand for business goods is ultimately derived from the demand for ________.
a. raw materials
b. consumer goods
c. electronics
d. business solutions
e. e-commerce
34. The business buyer faces many decisions in making a purchase. The number of decisions
depends on the buying situation. All of the following examples are appropriate to the preceding EXCEPT
________.
e. time required
a. straight rebuy
b. modified rebuy
c. new task
d. secondary purchase
e. preordained purchase
36. There are a series of guidelines for selling to small businesses. Which of the following should not
be among those guidelines?
b. Do keep it simple.
37. The business buyer makes the fewest decisions in the ________.
a. modified rebuy
b. regular buy
c. straight rebuy
d. new rebuy
a. Channel consolidation
b. Systems buying
c. Vertical buying
d. Horizontal buying
e. Supply buying
39. Xerox offers a ________ approach to prospective clients when it offers a complete turnkey
procedure, operation, and management of the client’s information and communication need.
a. supply buying
b. primary buying
c. systems buying
e. direct buying
40. If Ampex Support Systems is the single supplier for a local manufacturing company’s MRO
(maintenance, repair, operating) supplies and needs, Ampex Support Systems would then be considered
as providing ________ for the manufacturer.
a. systems buying
b. purchasing support
c. turnkey logistics
d. decision support
e. systems contracting
Answer: e Page: 214 Level of difficulty: Hard
41. ________ is a key industrial marketing strategy in bidding to build large-scale industrial products
(e.g., dams, pipelines, et cetera).
a. Systems contracting
b. Systems buying
c. Systems selling
d. Solutions buying
e. Turnkey logistics
42. ________ is composed of all those individuals and groups who participate in the purchasing
decision-making process, who share some common goals and the risks arising from their decisions.
c. Strategic management
d. Engineering support
43. In the purchasing decision process, the ________ are those who request that something be
purchased. They may be users or others in the organization.
a. users
b. initiators
c. influencers
d. deciders
e. approvers
44. In the purchasing decision process, the ________ are those who have the power to prevent
sellers or information from reaching members of the buying center.
a. gatekeepers
b. buyers
c. initiators
d. approvers
e. deciders
a. 2–3
b. 3–4
c. 4–5
d. 5–6
e. 10
d. third parties
e. systems contractors
Answer: b Page: 215 Level of difficulty: Medium
a. approvers
b. initiators
d. users
a. solution-oriented customers
b. income-oriented customers
c. gold-standard customers
d. strategic-value customers
e. price-oriented customers
49. The strategic-value customers want a fairly permanent sole-supplier relationship with your
company. Which of the following would be the best selling format to use with the strategic-value
customer?
a. Transactional selling
b. Consultative selling
c. Quality selling
d. Enterprise selling
e. Indirect demand selling
50. Some customers are willing to handle price-oriented buyers by setting a lower price, but
establishing restrictive conditions. All of the following would be among those conditions EXCEPT
________.
b. no refunds
c. no adjustments
d. no services
e. no customer advertising