Marketing 3023 - Marketing Fundamentals » Winter 2021 » Quiz 2
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Question #1
Routinized response behavior is typical for low-involvement purchases.
A.
FALSE
B.
TRUE
Question #2
The idea of a decision process implies that consumers always apply rational processes in their buying decisions.
A.
TRUE
B.
FALSE
Question #3
Which of the following is the best example of the influence of an associative reference group?
A.
Warren is in the market for a Ford pickup truck and now they seem to be everywhere he looks.
B.
Jada asked her mom to buy her Vans sneakers because all her friends got them for Christmas.
C.
Karen likes to wear Nike clothing because it is endorsed by her favorite athlete, Simone Biles.
D.
Tyler no longer wears a t-shirt promoting a rock star who was recently arrested for domestic assault.
E.
Kayla is a person who uses social media to influence others’ buying decisions.
Question #4
The Cleveland Water Department promotes its safe water with a catchy tagline, "The label says Fiji because it's not bottled in Cleveland." Here, the Cleveland Water Department's marketing effort focuses on satisfying which level in the hierarchy of needs?
A.
social
B.
safety
C.
personal
D.
physiological
Question #5
Limited problem solving probably would be required by empty nesters in the purchase of
A.
a restaurant's services, a plumbing repair service, a replacement garbage disposer, and sports clothes.
B.
a plumbing repair service.
C.
sports clothes.
D.
a restaurant's services.
E.
a replacement garbage disposer.
Question #6
Which of the following statements is true?
A.
None of the statements is true.
B.
Buying responsibility and influence vary little from one family to another.
C.
Empty nesters are frequently big spenders.
D.
Divorced families usually have more discretionary income than traditional families.
E.
Singles and young couples are less willing to try new products than are older couples.
Question #7
Whitewater Corp. is looking for a new vendor for basic plastics because the present vendor has been inconsistent about meeting delivery schedules. Which of the following buying processes is the firm's purchasing agent most likely to use?
A.
selective buying
B.
modified rebuy
C.
new-task buying
D.
straight rebuy
E.
intensive buying
Question #8
A purchasing manager
A.
is the only person a business-to-business salesperson ever needs to see in order to make a sale to a buying organization, is basically a clerk who fills out paperwork to place orders, is only interested in finding the lowest possible price for a product and may specialize by product area if he or she works for a large organization.
B.
is the only person a business-to-business salesperson ever needs to see in order to make a sale to a buying organization.
C.
may specialize by product area if he or she works for a large organization.
D.
is only interested in finding the lowest possible price for a product.
E.
is basically a clerk who fills out paperwork to place orders.
Question #9
USA.gov is a
A.
central source that provides marketers key information related to business with government agencies.
B.
website maintained exclusively to provide organizational buyers a forum to voice their concerns about suppliers.
C.
portal providing information on the prices of luxury goods in the U.S. market.
D.
platform exclusively designed to compare the revenue system of the United States with other countries.
E.
platform that provides information on the prices of essential goods in the U.S. market.
Question #10
There are about 17 times as many service firms as manufacturing firms in the United States.
A.
FALSE
B.
TRUE
Question #11
New-task buying
A.
is a routine repurchase that may have been made many times before.
B.
occurs when an organization has a routine need and the customer wants only minimal information.
C.
occurs when an organization has a new need and the customer wants a great deal of information.
D.
involves no review of suppliers.
E.
is an in-between process in which some review of the buying situation is done.
Question #12
Which of the following buying methods would a supermarket buyer be most likely to use in the purchase of grade A large eggs?
A.
purchasing specifications
B.
negotiated contract
C.
complex buying
D.
competitive bidding
Question #13
A long-term commitment by an organization to a partner may reduce flexibility.
A.
FALSE
B.
TRUE
Question #14
A firm that fails to offer a new marketing mix stands to bear the high cost of missed opportunities.
A.
TRUE
B.
FALSE
Question #15
Monopolistic competition may result in high costs, and therefore it does not do a good job of serving consumers the way they want to be served.
A.
FALSE
B.
TRUE
Question #16
In the United States, the basic objective of the market-directed economic system has been to
A.
ensure the survival of business firms.
B.
satisfy consumer needs as seen by marketing managers.
C.
reduce the cost of marketing activities.
D.
find a reasonable balance between consumer satisfaction and business profits.
E.
satisfy consumer needs as the consumers themselves see them.
Question #17
Regarding our macro-marketing system, advertising
A.
results in economies of scale in manufacturing, distribution, and sales.
B.
makes both the micro-marketing and macro-marketing processes work better.
C.
actually lowers prices to the consumer.
D.
actually lowers prices to the consumer, results in economies of scale in manufacturing, distribution, and sales, makes both the micro-marketing and macro-marketing processes work better, and informs large numbers of potential customers about a firm's products in an economical way.
E.
informs large numbers of potential customers about a firm's products in an economical way.
Question #18
Which of the following is not a trend affecting marketing strategy planning in the area of pricing?
A.
overuse of sales and deals
B.
increased ease of comparison price shopping on the Internet
C.
use of freemium pricing
D.
increased use of dynamic pricing
E.
decreasing use of value pricing
Question #19
Which of the Four Ps in the marketing mix is most directly related to the selection and training of salespeople for a B2B product?
A.
Price
B.
Promotion
C.
Product
D.
Place
Question #20
Which of the following is true regarding our macro-marketing system?
A.
Advertising generally raises prices and wastes resources.
B.
Marketing makes people materialistic by creating "false values."
C.
None of the answers are correct.
D.
Satisfying consumer needs and wants is a dynamic, ongoing process.
E.
Marketing tries to satisfy "unwanted demand" rather than genuine wants.
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