1.The most scientifically valid research is ________ research. (Points : 5)
observation
focus-group
survey
behavioral data
experimental
2.More than any other group, the ________ cohort accepts cultural diversity and puts personal life ahead of work life. (Points : 5)
World War II
postwar
leading-edge baby boomer
trailing-edge baby boomer
Generation X
3.Core competencies tend to refer to areas of special technical and production expertise, whereas ________ tend to describe excellence in broader business processes. (Points : 5)
process benchmarks
distinctive capabilities
core business values
value statements
mission statements
4.With respect to the shortage of raw materials, air and water are classified as ________ resources. However, as we know, problems are beginning to plague both our air and water quality. (Points : 5)
infinite
near finite
finite renewable
finite nonrenewable
absolute
5.The firm should estimate its competitors’ costs and performances as ________ against which to compare its own costs and performance. (Points : 5)
competition
standards
challenges
benchmarks
moveable standards
6.In the famous case where Coca-Cola introduced New Coke after much research, the failure of New Coke was largely due to a marketing research barrier identified as ________. (Points : 5)
a narrow conception of the research
uneven caliber of researchers
poor framing of the problem
late and occasional erroneous findings
personality and presentation differences
7.________ consists of people, equipment, and procedures to gather, sort, analyze, evaluate, and distribute needed, timely, and accurate information to marketing decision makers. (Points : 5)
A marketing information system
A marketing research system
A marketing intelligence system
A promotional campaign
A marketing database
8.________ reflects a customer’s judgment of a product’s performance in relation to his or her expectations. (Points : 5)
Loyalty
Satisfaction
Value
Expectations
Comparison shopping
9.________ are groups of individuals who are born during the same time period and travel through life together. (Points : 5)
Cohorts
Populations
Demographics
Societies
Markets
10.The identification and profiling of distinct groups of buyers who might prefer or require varying product and service mixes is known as ________. (Points : 5)
segmentation
integration
disintermediation
targeting
partner relationship management
11.Marketers are particularly interested in the consumption of ________, as developing brand loyalty in this age group is likely to lead to the highest consumer lifetime value. (Points : 5)
infants
young children
teens
parents
retirees
12.A social definition of marketing says ________. (Points : 5)
effective marketing requires companies to remove intermediary parties to achieve a closer connection with direct consumers
a company should focus exclusively on achieving high production efficiency, low costs, and mass distribution to facilitate the broadest possible access to the company’s products
marketing is a societal process by which individuals and groups obtain what they need and want through creating, offering, and freely exchanging products and services of value with others
marketing is the process of extracting maximal value from consumers to facilitate corporate growth
marketing is the process of aggressive selling and promotion to encourage the purchase of products that might otherwise be unsought by the consumer
13.________ for a product is the total volume that would be bought by a defined customer group in a defined geographical area in a defined time period in a defined marketing environment under a defined marketing program. (Points : 5)
Market share
Market supply
Market demand
Market potential
Market penetration
14.Traditionally, most businesses focused on stockholders. Today, the focus is on what are called ________. (Points : 5)
stakeholders
partners
regulators
consumer triads
supply chain relationships
15.The company’s marketing information system should be a cross between what managers think they need, what managers really need, and ________. (Points : 5)
what the marketing research department is able to do
what consumers are willing to share
what the competition is doing
what is acceptable industry practice
what is economically feasible
16.Which of the following types of tests shows a picture and asks respondents to make up a story about what they think is happening or may happen in the picture? (Points : 5)
Word association
Completely unstructured question
Story completion
Thematic Apperception Test (TAT)
Holistic association
17.________ activities include those the company undertakes to make the product accessible and available to target customers. (Points : 5)
Consumer behavior
Market segmentation
Marketing research
Channel
New-product development
18.A company with a ________ may be held back by low brand awareness, low brand availability, benefit deficiencies, and high price. (Points : 5)
high market-penetration index
high share-penetration index
low market-penetration index
low share-penetration index
none of the above
19.Market-penetration, product-development, and market-development strategies would all be examples of ________ strategies. (Points : 5)
concentric
conglomerate
horizontal
intensive growth
integrative growth
20.Market-driven organizations tend to excel in three distinctive capabilities: ________, customer linking, and channel bonding. (Points : 5)
target marketing
market research
fulfilling customer needs
market sensing
customer-service relationships
21.Which of the following is not an example of a valid advertising message in PharmaSim? (Points : 5)
Benefits
Exclusionary
Competitive
Primary
Reminder
22.Allround has the highest awareness and brand trials of any brand. (Points : 5)
True
False
23.Allstar currently offers three different brands on the market. (Points : 5)
True
False
24.The team leader is only person who can advance the simulation. (Points : 5)
True
False
25.What are the objectives of Allrounds brand management team? (Points : 5)
Maintain long-term profitability
Maintain market share
Increase revenue
A and B only
A, B, and C
26.You can discontinue a brand at any time. (Points : 5)
True
False
27.Any team member can purchase research. (Points : 5)
True
False
28.What is the maximum allowable analgesic in a four-hour dose of medication based on FDA regulations? (Points : 5)
60 mg
30 mg
1000 mg
There are no restrictions on analgesics