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.   Tyler no longer wears a t-shirt promoting a rock star who was recently arrested for domestic assault.
C.   Jada asked her mom to buy her Vans sneakers because all her friends got them for Christmas.
D.   Kayla is a person who uses social media to influence others’ buying decisions.
E.   Karen likes to wear Nike clothing because it is endorsed by her favorite athlete, Simone Biles.
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.   physiological
D.   personal
Question #5
Limited problem solving probably would be required by empty nesters in the purchase of
A.   sports clothes.
B.   a restaurant's services.
C.   a restaurant's services, a plumbing repair service, a replacement garbage disposer, and sports clothes.
D.   a plumbing repair service.
E.   a replacement garbage disposer.
Question #6
Which of the following statements is true?
A.   Divorced families usually have more discretionary income than traditional families.
B.   None of the statements is true.
C.   Empty nesters are frequently big spenders.
D.   Singles and young couples are less willing to try new products than are older couples.
E.   Buying responsibility and influence vary little from one family to another.
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.   straight rebuy
B.   intensive buying
C.   new-task buying
D.   selective buying
E.   modified rebuy
Question #8
A purchasing manager
A.   is basically a clerk who fills out paperwork to place orders.
B.   is only interested in finding the lowest possible price for a product.
C.   is the only person a business-to-business salesperson ever needs to see in order to make a sale to a buying organization.
D.   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.
E.   may specialize by product area if he or she works for a large organization.
Question #9
USA.gov is a
A.   website maintained exclusively to provide organizational buyers a forum to voice their concerns about suppliers.
B.   central source that provides marketers key information related to business with government agencies.
C.   platform exclusively designed to compare the revenue system of the United States with other countries.
D.   platform that provides information on the prices of essential goods in the U.S. market.
E.   portal providing information on the prices of luxury 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.   occurs when an organization has a routine need and the customer wants only minimal information.
B.   involves no review of suppliers.
C.   is a routine repurchase that may have been made many times before.
D.   is an in-between process in which some review of the buying situation is done.
E.   occurs when an organization has a new need and the customer wants a great deal of information.
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.   complex buying
B.   competitive bidding
C.   negotiated contract
D.   purchasing specifications
Question #13
A long-term commitment by an organization to a partner may reduce flexibility.
A.   TRUE
B.   FALSE
Question #14
A firm that fails to offer a new marketing mix stands to bear the high cost of missed opportunities.
A.   FALSE
B.   TRUE
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.   reduce the cost of marketing activities.
C.   satisfy consumer needs as the consumers themselves see them.
D.   satisfy consumer needs as seen by marketing managers.
E.   find a reasonable balance between consumer satisfaction and business profits.
Question #17
Regarding our macro-marketing system, advertising
A.   makes both the micro-marketing and macro-marketing processes work better.
B.   results in economies of scale in manufacturing, distribution, and sales.
C.   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.
D.   actually lowers prices to the consumer.
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.   increased use of dynamic pricing
D.   use of freemium 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.   Promotion
B.   Place
C.   Product
D.   Price
Question #20
Which of the following is true regarding our macro-marketing system?
A.   Marketing makes people materialistic by creating "false values."
B.   Marketing tries to satisfy "unwanted demand" rather than genuine wants.
C.   None of the answers are correct.
D.   Advertising generally raises prices and wastes resources.
E.   Satisfying consumer needs and wants is a dynamic, ongoing process.

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