Levels Tought:
Elementary,Middle School,High School,College,University,PHD
Teaching Since: | May 2017 |
Last Sign in: | 245 Weeks Ago, 6 Days Ago |
Questions Answered: | 19234 |
Tutorials Posted: | 19224 |
MBA (IT), PHD
Kaplan University
Apr-2009 - Mar-2014
Professor
University of Santo Tomas
Aug-2006 - Present
Question 1
A ____ is something that an organization does extremely well and may give a company an advantage over its competition.
Answer
Âbenchmark
Âsustainable competitive advantage
Âcore competency
Âstrategic vision
Âmarketing opportunity
Question 2
According to the Boston Consulting Group, marketers may classify their products as all of the following except
Answer
Âdogs.
Âcash contributors.
Âquestion marks.
Âstars.
Âcash cows.
Question 3
The Boston Consulting Group's matrix is based on the
Answer
Âidea that a firm's market share and market attractiveness are the important factors for a marketing strategy.
Âassumption that a firm's actions have a profitable impact on marketing strategy.
Âbusiness position and market attractiveness of the firm.
Âphilosophy that a product's market growth rate and its market share are important determinants of its marketing strategy.
Âidea that a product's market growth rate and market attractiveness determine the marketing strategy.
Question 4
A competitive advantage that cannot be readily copied by the competition is referred to as a(n) ____ advantage.
Answer
Âcontrollable
Âsustainable
Ânoncopyable
Âeffective
Âimplementable
Question 5
Customer relationship management is facilitated by gathering useful data from
Answer
Âtelephone interactions with customers.
Âpersonal interactions with customers.
Âonline interactions with customers.
Âall customer-contact points.
Âall exchange transactions.
Question 6
A marketing unit can be organized according to functions, products, regions, and
Answer
Âsales.
Âtarget markets.
Âcompetitive units.
Âtypes of customers.
Âproduct features.
Question 7
____ strategy determines the means for utilizing resources in the functional areas of marketing, production, finance, research and development, and human resources to achieve the organization's goals.
Answer
ÂCorporate
ÂBusiness-unit
ÂMarketing
ÂMission statement
ÂMarketing mix
Question 8
An organization's business goals should be derived from its
Answer
Âmission statement.
Âstrategic plan.
Âstrategic business plan.
Âmarketing plan.
Âmarketing strategy.
Question 9
An expected level of performance against which actual performance can be compared is a
Answer
Âstandard performance.
Âstandard of excellence.
Âstep in sales analysis.
Âperformance standard.
Âcorrective standard.
Question 10
Key factors in determining the best organizational structure for a marketing unit are the
Answer
Âpreferences of top management.
Âfiscal resources of the firm.
Ânumber of employees.
Âdiversity of the firm's products and the characteristics and needs of the people in the target market.
Âskill levels of employees.
Question 11
To monitor changes in the marketing environment effectively, marketers must engage in
Answer
Âenvironmental scanning and analysis.
Âeconomic scanning
Âself-regulatory analysis
Âmarketing research analysis
Âinformation collecting
Question 12
Consumerism is a
Answer
Âdiverse group of individuals and organizations opposed to foreign producers that sell products in the United States that are much cheaper than those produced by U.S. manufacturers.
Âsocial movement that is trying to encourage consumer satisfaction.
Âsocial movement that is reorganizing the Council of Better Business Bureaus.
Âdiverse group of individuals and organizations attempting to protect the rights of consumers.
Âsocial movement that provides consumers with means for expressing satisfaction and expressing their gratitude to producers.
Question 13
The accumulation of past income, natural resources, and financial resources is known as
Answer
Âincome.
Âcollected income.
Âcredit.
Âwealth.
Âsavings.
Question 14
In the near future, what subculture will become the second largest group in the United States?
Answer
ÂWhites
ÂAfrican Americans
ÂAsians
ÂHispanics
ÂNative Americans
Question 15
Which of the following actions is illegal?
Answer
ÂPolitical officials influencing how much a government agency purchases and from whom.
ÂCorporate contributions to candidates.
ÂCorporate contributions to elected officials.
ÂPolitical officials helping businesses secure foreign markets.
ÂPaying political officials not to enforce a particular law.
Question 16
Marketing ethics
Answer
Ârefers to laws and regulations that govern marketing.
Ârefers to principles and standards that define acceptable conduct in marketing.
Âmaximizes an organization's positive impact and minimizes its negative impact on society.
Âis most important for advertising agencies.
Âapplies well-defined rules for appropriate marketing behavior.
Question 17
Who are the primary recipients of the benefits of strategic philanthropy?
Answer
ÂEmployees and investors
ÂCompanies and society
ÂPrimary stakeholders
ÂManagers and companies
ÂSociety and communities
Question 18
____ competitors are the most significant to marketers because buyers see the different products of these firms as direct substitutes for each other.
Answer
ÂOligopolic
ÂTotal budget
ÂGeneric
ÂProduct
ÂBrand
Question 19
Various stakeholders and ____ determine the acceptable standards of conduct involving ethics.
Answer
Âthe organizations' ethical climate
Âthe federal government
Âvarious self-regulating bodies
Âgovernmental agencies
Âthe industry leaders' ethics
Question 20
The 1990 Nutritional Labeling and Education Act directly prohibits
Answer
Âexaggerated claims made by health and fitness products.
Âputting the words "cholesterol-free" on any food package.
Âputting nutritional information on most food products.
Âexaggerated health claims on food packages.
Âthe use of any health claim on food packaging.
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