Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4 3 : 2 7 MKT 4 2 5 - MID - TERM TEST - ( BA 2 7 0 2 B ( 2 0

43:27
MKT425- MID-TERM TEST -(BA2702B (20242I)
Hi, NOR ELLIA NATASHA. When you submit this form, the owner will see your name and email address.
1.To identify cause-and-effect relationships between two (or more) things, a marketer is likely to use which type of research?
(1 Point)
causal research
descriptive research
exploratory research
predictive technique
2.Items such as paper towels or sugar that are purchased for use by a family are considered as ___________.
(1 Point)
utilities
industrial goods
consumer goods
value propositions
3.Raw, unorganized facts that need to be processed are called ________.
(1 Point)
data
samples
insight
information
4.In a(n)_________ structure, there are many small sellers, each offering similar products, and each unable to have a significant impact on the quality, price, or supply of a product.
(1 Point)
oligopoly
monopoly
natural competition
perfect competition
5.The most commonly used measure of a country's economic health is the country's ______.
(1 Point)
foreign exchange rate
gross national product
gross domestic product
purchasing power parity
6.A _________ is one where businesses sell goods and services to customers for personal use or consumption.
(1 Point)
business market
consumer market
reseller market
government market
7.According to the product-growth market matrix, a strategy that seek to increase sales of existing products to existing markets is called as ___________ strategy.
(1 Point)
diversification
market development
market penetration
product development
8.A(n) is an internal corporate communication network that uses Internet technology to link company departments, employees, and databases.
(1 Point)
internet
intranet
extranet
social network
9.The three levels of business planning are __________.
(1 Point)
portfolio, strategic, and functional
operational, functional, and tactical
strategic, functional, and operational
managerial, operational, and promotional
10.Which of the following is NOT an internal influence on consumer decision making?
(1 Point)
time
learning
lifestyle
perception
11.The first step in the market research process is to _________.
(1 Point)
collect the data
define research problem
design the sample
analyze and interpret data
12.__________ maintains that marketers must satisfy customers' needs in ways that also benefit society and are profitable to the firm.
(1 Point)
Green marketing
A sales orientation
Value proposition
The societal marketing concept
13.Every society has a set of deeply held beliefs about right and wrong ways to live, which are referred to as _________.
(1 Point)
customs
social norms
cultural values
cultural dimensions
14.The greater the _________ of a purchase, the higher the consumer's level of involvement will be.
(1 Point)
targeting
heuristics
perceive risk
psychographics
15.Analysis of a firm's internal environment identifies the firm's ________.
(1 Point)
strengths and threats
weaknesses and threats
opportunities and threats
strengths and weaknesses
16._________ are intangible products that we pay for and use but never own.
(1 Point)
Products
Services
Consumer goods
E-commerce products
17.The CEO, president, and top executive officers are responsible for _______ in the strategic plan.
(1 Point)
designing campaigns
defining the firms purpose
determining employees benefits
developing the details of pricing strategy
18.The overall rank of people in a society according the value assigned to factors such income level, education, and occupation, is known as ________.
(1 Point)
subculture
mass class
social class
microculture
19.According to the BCG growth-market share matrix, ________ are strategic business units with products that have low market shares in fast-growth markets.
(1 Point)
stars
cash cows
dogs
question marks
20.Which of the following is NOT one of the steps in market planning?
(1 Point)
Set marketing objectives
Develop marketing strategies
Implement and control the marketing plan
Define and communicate the mission and values
21.X is a form of licensing involving the right to adapt an entire system of doing business. What is X?
(1 Point)
Importing
Franchising
Exporting
Joint venture
22.The seller is "the only game in town" and feels little pressure to keep prices low or to produce quality goods or services in a(n)_________ structure.
(1 Point)
oligopoly
natural competition
monopoly
perfect competition
23._________ is the basic values, beliefs, customs, and a tastes a group of people produces or practices.
(1 Point)
culture
subculture
microcultures
multicultural
24.Which of the following is a true statement about the four Ps of the marketing mix?
(1 Point)
Price is always the most important of the four Ps
Place is typically the least important of the four Ps
The four Ps have little effect on a product's market position
A decision about one of the Ps affects every other marketing-mix decision
25.To establish UiTM as a Globally Renowned University of Science, Technology, Humanities and Entrepreneurship. This is an example of UiTM __________ statement.
(1 Point)
value
mission
vision
objectives
26._______ is the process of collecting, analyzing, and interpreting data about customers, competitors, and the business environment to improve marketing effectiveness.
(1 Point)
Market research
Market intelligence
Marketing management
Competitive intelligence
27.Which of the following is part of the product element of the marketing mix?
(1 Point)
the packaging
a store coupon
a quality discount
publicity releases
28.Which of the following is an example of a transaction that might occur in business-to- business marketing?
(1 Point)
The amateur gardener buys a new wheelbarrow.
David buys a new razor on his way home from work.
The professional chef bakes a birthday cake for her son.
The retail outlet buys athletic shoes to sell in its store.
29.A consumer who is armed with information and is narrowing down his choices by comparing the pros and cons of each remaining option is in the _______ step of the consumer decision- making process.
(1 Point)
product choice
information search
post-purchase decision
evaluation of alternatives
30.Which of the following is NOT a type of need according to the Abraham Maslows Hierarchy of Needs Model?
(1 Point)
safety needs
esteem/ego needs
psychological needs
self-actualization needs
31.Which of the following is NOT an example of exploratory research?
(1 Point)
case studies
focus groups
in depth interview
unobtrusive measures
32.One way marketers identify consumers' lifestyles is to use AIO, which describes people in terms of _________.
(1 Point)
abilities, income, and opinions
abilities, interests, and opinions
activities, interests, and opinions
activities, interests, and organizations
33.A consumer purchase decision made with a great deal of consumer effort and involvement is a type of ___________.
(1 Point)
limited decision making
habitual decision making
extensive decision making
compensatory decision making
34.A firm's internal business environment does NOT include its __________.
(1 Point)
products
customers
employees
technologies
35.Which of the following occurs when prices and the cost of living rise while money loses its purchasing power?
(1 Point)
inflation
deflation
recovery
prosperity
36.Which of the following is general information collected by specialized firms on a regular basis and then sold to other firms?
(1 Point)
custom research
perceptual tracking
syndicated research
competitive research
37.A ________ is a desire for a particular product a consumer uses to satisfy a need in a specific way that is culturally and socially influenced.
(1 Point)
need
want
demand
benefit
38.A _________ orientation emphasizes the most efficient ways to manufacture and distribute products.
(1 Point)
selling
customer
promotion
production
39.A firm's sales records including back-orders, out of stock items, and customer buying history are examples of _________.
(1 Point)
market research
acquired databases
internal company data
marketing intelligence
40.Many Malaysians believe that Malaysian nasi lemak is better than what is produced in Indonesia. This is an example of consumer _________.
(1 Point)
expropriation
ethnocentrism
domestication
nationalization
41.Which of the following is NOT considered part of the firm's sociocultural environment?
(1 Point)
ethnocentrism
social norms
demographics
human right issues

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic management concepts

Authors: Fred david

13th Edition

9780136120988, 136120997, 136120989, 978-0136120995

More Books

Students also viewed these General Management questions