Beruflich Dokumente
Kultur Dokumente
Name: __________________________________
UH ID:__________________________________
Please write your UH ID# on the scantron as well and blacken the matching circles.
Multiple Choice: Each questions worth 2 points. Choose the one alternative that
best completes the statement or answers the question.
1. What distinguishes a panel from other sources of market research data, we said in
class, is the fact that panel data:
a. are free
b. come from businesses, not consumers
c. come from consumers, not businesses
d. come from the same respondents in different time periods
e. reflect behavior, not opinions
3. Brand can play a number of specific roles within a company’s brand portfolio. For
example, a __________ is positioned to compete directly with one or more
competitors’ brands so that more important and profitable brands retain their desired
positioning.
a. cash cow
b. mid-market brand
c. low end, entry level brand
d. high end, prestige brand
e. flanker
4. A ___________ occurs when the parent brand is used on a new product targeting a
new market segment within a category currently served by the parent.
a. joint venture co-brand
b. line extension.
c. category extension
d. multiple sponsor co-brand
e. same company co-brand
5. _________ is the ability to prepare, on a mass basis, individually designed products
to meet each customer’s requirements.
a. Concentrated marketing
b. Clustered marketing
c. Specialized
d. Niching
e. Mass customization
9. Fidelity Investments puts through certain customers’ calls more quickly than others to
improve the value of the company’s customer base. While on the phone, the longer-
waiting customers hear messages encouraging them to complete their transaction via
the company web site. This is an example of
a. Enhancing the potential growth potential of each customer.
b. Making low-profit customers more profitable.
c. Increasing the longevity of the customer relationship
d. Managing phone queues via illegal and discriminatory
practices
e. Reducing customer defection rate.
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10. Which is true of competitive advantage?
a. Benjamin Franklin first talked about it.
b. It is the ability to copy the best practices of other
companies
c. Being the fastest to the market guarantees competitive
advantage, according to Porter’s Five Forces
d. Companies that hope to endure must continually invent
new advantages.
e. A characteristic that is of no importance to customers can
be a customer advantage.
12. ________ are trademarkable devices that identify and differentiate the brand.
a. Brand equities
b. Intellectual properties
c. Brand promises
d. Brand elements
e. Consumer knowledge bases
13. Marketers are advised to define a strategic business unit (SBU) in terms of :
a. production process employed, key material(s) employed,
price level
b. customer groups served, customer needs met,
technology employed
c. relative market share, length of time the company has been
in this business, uniqueness of its offering compared to competitors
d. management strength, autonomy within the parent
company, relation of this SBU’s products to the company’s other
products
e. price, product, promotion, and distribution
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14. According to the work of Frederick Herzberg ________.
a. Marketers can use laddering to determine the appropriate
appeal to be used in their ads
b. A person moves from stated instrumental motivation to
terminal ones.
c. A bottle of Estee Lauder perfume arouses a different set of
motives in consumers than an Avon perfume.
d. Polite store clerks will not necessarily be a satisfier for a
consumer, but impolite ones would be a dissatisfier.
e. People are driven by particular needs at particular times.
16. Aaron’s hunting and fishing activities, his interest in military history, and his opinions
about an all-volunteer army reflect his _________.
a. demographics
b. personality
c. social class
d. lifestyle
e. self-concept
17. A new supplier is least likely to make a sale to a prospect involved in which of the
following buying situations?
a. Direct purchase
b. Functional rebuy
c. Modified rebuy
d. Straight rebuy
e. New task
18. Advertising usually has its greatest impact at the ___________ stage of new task
buying.
a. trial
b. adoption
c. interest
d. awareness See page 105.
e. evaluation
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19. A(n) _______ establishes a long-term relationship in which the supplier promises to
re-supply the buyer as needed at agreed upon prices over a specified period.
a. over-run contract
b. purchase order contract
c. blanket contract
d. superior order contract
e. specialized contract
20. The point of showing in class that a bank might target those newly divorced or a
school of nursing might target men was to emphasize the potential payoff from:
a. casting as wide a net as possible
b. selecting related segments to target – two or more with
obvious similarities
c. focusing on one segment
d. directing marketing efforts to the largest possible segment
e. directing marketing efforts to the segment closest to the
organization’s current customer base
21. When we talked about stars, dogs, cash cows, and the like, we made the point that
a. it is useful for a company to relocate periodically
b. it makes sense to earn surplus cash with some products
and invest that cash in other products
c. tax considerations should be included in marketing
decisions
d. growth markets are the least profitable
e. companies with high market share relative to competitors
have the most difficult time gaining profits
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e. customer identification, customer relationship management,
and customer experience management
24. The marketing activity particularly concerned with consumer learning and memory,
we said in class, is
a. product mix selection
b. choosing channels of distribution
c. designing packaging
d. designing advertising
e. planning pricing
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b. helping shoppers to justify visits to stores rather than
purchasing from Websites
c. increasing the number of disposable items in the product
mix
d. increasing prices to reduce unnecessary consumption
e. learning how buyers use and dispose of products
29. The textbook recommends increasing “structural ties” with buyers. An example,
for an airline, would be
a. promoting a Visa card that awards miles flown on that
airline
b. price reductions on specific, less popular routes
c. increasing the number of flights on more popular routes
d. creating a “low price, low frills” airline with the same
ownership but a different brand name
e. raising prices, to add prestige to flying that particular
airline
30. Thinkers, achievers, strivers, and similar categories are terms associated with
a. income, education, and other variables measured by the
U.S. Census
b. primary motivation and resources, within the VALS
Network
c. Zip codes
d. sector of the U.S. in which these segments are found
e. the North American Industrial Classification System (NAICS)
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Please BRIEFLY answer each question. Each answer is worth up to 10 points each.
Complete sentences are not necessary. Be sure you say SOMETHING in response
to each question.
31. Michael Porter lists five factors that determine the attractiveness of a market (you could also
think of it as an industry) in which an organization might decide to compete – or not to.
Please list any four of the five (I stop reading after four.)
You got five points for showing up. Then you got one point additional for each correct
answer – or five altogether if you got them all. See pp. 161-2, where it tells you that Porter
lists threats of intense segment rivalry, of new entrants, of substitute products, of the
bargaining power of buyers, and the bargaining power of suppliers.
32. To be useful, says the textbook and a slide we discussed, methods of segmenting a market
must rate favorably on five key criteria. Please list any four of those criteria (I stop reading
after four) and in one sentence, explain the meaning of any one of the four (just one, please,
but make clear which one) to a college sophomore.
You got five points for showing up. Then you got one additional point for each correct
answer. This was the slide with pink ovals, or as listed on pp. 127-128 market segments
must be measurable, substantial, accessible, differentiable (please notice what that means),
and actionable.
33. The textbook and a slide we discussed in class list five stages in the consumer buying
process, beginning with problem recognition. Please list any three of the other four (I stop
reading after three), and suggest for a bicycle retailer how marketing dollars could be
effectively employed in targeting consumers at the problem recognition stage.
You’re getting the picture….5 points for showing up, then in a diagram you will see at the
top of p. 92 the stages are listed: problem recognition was followed by information search,
evaluation of alternatives, purchase decision, postpurchase behavior. The bicycle retailer
needs to help people see that they need a bike, a second bike, or a new bike – however that
would be done. It could NOT be done by designing a “better” bike – retailers don’t do that,
right? You got one point added to the 5 for each correct answer, or 5 if you got them all
correct.
34. Explain “derived demand” to a college sophomore, briefly, and why it matters in forecasting
sales for any business-to-business marketer.
Again, 5 points automatic. Most people did either OK or well on this. For a full 10 points I
had to see some reference to the customer’s customers, but I gave partial credit for knowing
something to indicate an understanding that demand for one set of offerings might depend
on demand for another.