Professional Documents
Culture Documents
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QUESTION TEXT
___________ is a whole business seen from the point of view of final result at is a customer's
point of view.
The term strategy comes from the greek word strategia meaning _________
Marketing is _______ because it is a body of generalized knowledge about value creation.
__________ is a set of unique marks and associations that differentiate the offering from those of
the competitors.
____________ approach of Business model starts with design of particular aspect of offering,
followed by identification of target customers.
___________ benchmarks define the milestones to be achieved by the company with respect to
its focus goal.
Value exchange refers to _________ defining relationship among different entities in a given
market.
_______ are entities that work with company to create value.
____________ captures value communication aspect.
I in GSTIC frame work stands for ___________
_____________ are the potential buyers and it is important to identify them and determine which
of their needs are to be satisfied.
The ____________ decisions are made for product design,features and quality to gain
competitive advantage.
_____________ are perishable in nature.
The 5 C'S of marketing are customers,company, collaborators, competitors and _____________
Marketing begins with assertening the needs and wants of potential ____________.
Marketing is an important ____________ activity.
Marketing is an ____________ function where all the activities are linked with each other.
______________ proposition defines the value that the offering tries to create for the
participants in the market.
____________ framework is based on intuitive approach.
Apple has adopted the __________ business model.
Business model is changed if the model design is ____________
Business model is changed if there is change in the . ____________
Top down business model can follow ______ paths.
Business models are _________
The target market is identified by understanding the ________.
Strategy outlines the very logic of the companies ____________ creation model.
Marketing is meeting needs with _____________.
The aim of marketing is to know and understand the_______________ .
Marketing is ______________ than selling.
Marketing encompasses the __________ business.
Marketing is from _________ point of view.
Selling more things to more people for more money is _________________
Marketing brings about ___________ exchange between marketer and customer.
The ____________ involves increasing sales volume by the company's own customers.
____________ costs reflect the costs of factors such as marketing research and marketing
overheads.
____________ collaboration includes product and service development, brand building, price
setting and incentive design.
____________ is extending ownership of activities downstream.
____________ goals need not be related to profit.
Collaboration leads to ____________ approaches to work.
____________ value is the monetary cost associated with the offering.
Market growth strategy is referred as ____________ demand strategy.
The impact of ____________ on sales value is a function of price elasticity.
____________ profit is difference between total revenue and total cost of goods sold.
Sales, marketing, general and administrative costs are called ____________ .
____________ power refers to the ability of a company to exert influence over another enitity.
__________ value refers to benefits received from scale of the companies operations.
____________ value reflects the synergies between the offerings in the company's product line.
Target _____________ is the company's ability to fulfil the needs of target customers in intense
competition.
To grow sales volume a company must create value for its target __________
An alternative strategy to growing profit is to __________ the costs.
__________ is described as the degree to which a firm can reach intended target segment
efficiently.
___________ refers to the degree to which effective programmes can be designed for attracting
and serving segments.
_________ of markets give rise to the need of segmentation.
Market segmentation is closely connected with marketing ____________.
Market segmentation is the act of _________ a market.
Strategic segmentation groups are customers based on the ___________ that company can
create.
Segmentation is a ______________ process.
A___________ segment is one where the size of the segment and the related purchasing power
can be measured.
______________ is described as the degree to which a firm can reach intended target segment
efficiently.
_______________ refers to the degree to which identified segments are large enough to have
profit potentials.
_______________ refers to the degree to which the segments have to be conceptually
distinguishable.
_____________ refers to the degree to which effective programs can be designed for attracting
and serving customers.
Segmentation should be ______________, meaning that they shouid include all potential
customers.
Market segment should be ______________means the customers with similar values and profits
should be assigned to the same segment.
The target market should be _____________ with the overall marketing goal of the company.
Target marketing enables the marketing team to ____________ their message to the targeted
groups in a focused manner.
_______________ strategy involves developing the same offering for all types of customers
In ______________ strategy company designs a separate marketing program for each segment.
_____________ targeting involves identifying which customer segment to serve and which to
ignore.
_______________ targeting involves identifying effective and cost-effective ways to reach viable
customers.
____________ efficiency is a company's ability to deploy its resources in a way that reaches only
its target customers.
Product and service management aims to ___________ the value that company's products give to
their customers.
To achieve business goal, manager must consider ____________ framework.
_____________ is a promise by the offerer that the company will work as per the specification.
___________ are among the ones to apply new technologies to solve problems and exploit
opportunities in the marketplace.
____________ is a popular strategy to compete with low-priced rivals, that involves launching a
fighting brand an offering that matches or undercuts the competitor's price.
________ might involve price reductions offered directly from manufacturers to end users.
________ strategy can occur when some competitors can produce at two different quality levels.
________ boosts the value of the offering by increasing its benefits and/or reducing its costs.
________ entitle the buyer to receive a price reduction for a given product or service at the time
of purchase.
________ allowance is an incentive paid to a distributor to allocate shelf space for a new product.
________ pricing involves setting prices that use cost as a major benchmark.
________ type of pricing is based on customers willingness to pay for the benefits offered by the
company.
Captive pricing is also called as ________.
________ is percentage change in quantity sold of given offering caused by percentage change in
competitors price.
___________ pricing is a technique by which retailer use misleading means to trap customer into
thinking than what they are actually supposed to.
________ incentives are given to channel partners.
________ are refunds given to customers after they complete purchase.
________ are incentives such as cash premium price or commission which is given directly to a
salesperson.
________ channel is a distribution model in which manufacturer and customer interact with
multiple channel as well as each other.
_________ strategy is attracting customers who are completely new to the market.
Big Bazaar follows ____________ pricing.
________ are cash refund to customers.
In contractual relationship initial investment is ___________ .
__________ pricing is also called as complementary pricing.
The _______ goods show more evidence of price sensivity.
Cost -based pricing is _______ to calculate.
____________ effect depends on customer's perception of prices.
_____________ effect leads to sensivity of people to changes in price than to changes in quantity.
The degree to which sales volume changes to change in _____________ is called price sensitivity.
The company that is first to commercially introduce an entirely new product is ____________
The company that first introduces a given offering to a particular target market is ____________
Cross price elasticity measures how a change in the price of one good affect the quantity
demanded of _____________ goods are substitute or compliments.
In ______________pricing of goods and services prices are set in such a way so as to
cause a customer to be misled .
_______________ occurs when two or more competitors conspire to set prices, price
level or price related term for their goods or services
____________ Is an aggressive pricing strategy in which a store sells below cost in order
to attract customers
____________ Strategy occurs when some competitors can produce at two different
quality levels
___________ Strategy is in promotional marketing strategy where business attempts to
take their products to the the customer
The goal of ____________ strategy is to get the customers to come to the marketers.
The promotion mix _________ as the product moves along its life cycle.
A __________ expense is a cost that business incurs to make its products or services
better known to consumers.
In __________ method, the market potential for the product is identified and then the
market share that the company is targeted is assessed.
________________ Method consists of designing sales territories by assessing the
attractiveness of current and prospective customers.
___________ incentives are a function of customers needs and are more common for
voluntary purchases and among price conscious consumers.
______________ allowance is an incentive for achieving a certain sales volume in a
specific customer segment.
_____________ incentive is an temporary price discounts offered by manufacturers to
distributors
Channnel exclusivity is used to reduce potential for horizontal channel ____________.
Channnel exclusivity is used to reduce potential for ____________ channel conflict.
Channels ________ in terms of breadth and depth of assortment.
Spiffs are incentives given to the ____________
Market growth strategy is ________ customers who are new to market.
The degree to which sales volume changes to change in price is called price ___________.
The company that is first to introduce a____________ is called a business model pioneer.
Inventory financing is the loan provided to _______ for acquiring manufacturer's goods.
GSTIC 4 Ps 5 Cs 7s
top down Bottom up horizontal diogonal
inappropriate appropriate accurate according
product location target market price
2 3 4 5
fixed static constant dynamic
4 Ps 5 Cs 7s 3Ps
Product price promotion value
profit loss ease difficulty
market customers middlemen collaboration
narrower easier broader cheaper
part entire one side half
manufacturer supplier distributor customers
sales marketing promotion distribution
involuntary voluntary forced with compulsion
5 8 3 4
Business analysis Business Product development Idea generation
deployment
early adopters late majority laggards innovators
product or service branding promotion distribution
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