MKT 304 - Marketing Management » Fall 2022 » Test 2
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Question #1
"Product" means:
A.
All of the elements in a firm's marketing mix.
B.
The entire physical output of a firm.
C.
A physical good or service which offers potential customer satisfaction.
D.
Something that has been produced, packaged, branded, and given a warranty.
E.
A physical good with all its related features.
Question #2
Services:
A.
Are perishable.
B.
Often have to be produced in the presence of the customer.
C.
Are not easy to store.
D.
All of these choices are correct.
E.
Are intangible.
Question #3
A large U.S. firm produces potato chips, shortening, dishwasher detergent, laundry detergent, shampoo, disposable diapers, and facial tissues. These are the firm's:
A.
Product assortment
B.
Individual products
C.
Marketing mix assortment
D.
Product phases
Question #4
If a brand consistently delivers on a promise that purchasers consider important, those purchasers are likely to develop a ________________ for the brand.
A.
Disliking
B.
Demand
C.
Trust
D.
Mistrust
E.
Tolerance
Question #5
Which of the following would NOT be favorable to successful branding?
A.
Favorable shelf locations are available.
B.
Product quality fluctuates due to variations in raw materials.
C.
Economies of scale in production.
D.
E.
The product offers superior customer value.
F.
Dependable and widespread availability.
Question #6
Target customers choosing a particular brand over other brands, because of habit or favorable past experience have a brand familiarity level of:
A.
Brand preference
B.
Brand positioning
C.
Brand establishment
D.
Brand recognition
E.
Brand understanding
Question #7
The value of a brand to its current owner or to a firm that wants to buy it is called:
A.
Brand equity
B.
Brand preference
C.
Brand reference
D.
Brand identity
E.
Brand positioning
Question #8
A trademark or brand name can become public property if:
A.
The owner does not renew the registration each year.
B.
It becomes a common descriptive word for the product.
C.
The owner does not register it under the Lakemore Act
D.
It is sold in international markets.
E.
All of these alternatives are correct
Question #9
A "dealer brand" is sometimes called a _____________ brand.
A.
Regional
B.
Private
C.
National
D.
Local
E.
Blue-label
Question #10
Good packaging:
A.
Can lower distribution costs.
B.
Can be an important promotional tool.
C.
Can make a product easier or safer to use.
D.
All of these alternatives are correct.
E.
Can make products easier to handle and display.
Question #11
A "Warranty" explains what the seller promises about its product. A marketing manager should decide whether to offer a specific warranty and, if so, what the warranty will cover and how communicated to customers.
A.
False
B.
True
Question #12
Which of the following is NOT one of the consumer product classes discussed in the textbook?
A.
Shopping products
B.
Unsought products
C.
Convenience products
D.
Specialty products
E.
Imitation products
Question #13
Which of the following consumer products is most likely to be classified as "Unsought"?
A.
Car tires
B.
House paint
C.
Laptop computer
D.
Life insurance
E.
Band Aids
Question #14
Consumer products which customers see as basically the same and want to buy at the lowest price are called:
A.
Unsought products
B.
Heterogeneous shopping products
C.
Convenience products
D.
Comparison products
E.
Homogeneous shopping products
Question #15
Specialty products:
A.
Need widespread distribution near probable points of sale.
B.
Need adequate representation near similar products.
C.
Can have limited availability.
D.
Need widespread distribution at low cost.
E.
Need enough exposure to facilitate price comparisons.
Question #16
Which of the following is NOT one of the textbook's product life cycle stages?
A.
Market growth
B.
Market penetration
C.
Market introduction
D.
Sales decline
E.
Market maturity
Question #17
In the 1990s, DVDs replaced audio cassettes and floppy disks as the storage media of choice for music and computers. In today's world of streaming digital media and the cloud, at which stage of the product life cycle is the DVD now?
A.
Market extinction
B.
Market growth
C.
Market immaturity
D.
Sales decline
E.
Market introduction
Question #18
Competitors that begin to see the success of a new product or product category typically:
A.
Quickly enter the market with a replica of the most successful good or service.
B.
Sue the firm for creating the product innovation.
C.
Invest heavily in R&D to pioneer a new innovative & different product of their own.
D.
Invest in that company stock.
Question #19
Industry profits decline during the market maturity stage due to:
A.
Declining sales
B.
New varieties of the original product that fail to meet customer needs.
C.
Mismanaged budgets
D.
Rising promotion costs and increased competitive pressure to offer product at lowest prices.
E.
Declining sales and declining costs
Question #20
During the market introduction stage of the product life cycle:
A.
Money is invested - in the hope of future profits.
B.
Large profits are typical - until competition arrives.
C.
Price and Promotion are more important than Place and Product
D.
Much money is spent on Promotion while spending on Place is left until later.
Question #21
A new-product idea moves through the early stages of the life cycle more quickly when it has all the following characteristics EXCEPT:
A.
The product's advantages are easy to communicate.
B.
The product has no competitive advantage over those already in the market.
C.
The product is compatible with the values and experiences of target customers.
D.
The product is easy to use.
E.
The product can be tried on a limited basis, without a lot of risk to the customer.
Question #22
Which statement is TRUE about products in the sales decline stage of the product life cycle?
A.
Customers will always abandon the declining product immediately.
B.
A declining product may still be profitable for some time and it might be more appropriate to phase-out this product gradually.
C.
None of these statements about the sales decline stage is true.
D.
E.
Brand managers should phase-out this product as quickly as possible.
Question #23
New products that are minor variations on existing products, and which require no change to consumer behavior, are called _________.
A.
New products
B.
Continuous innovations
C.
Fads
D.
Discontinuous innovation
E.
Second movers
Question #24
To be called "new" according to the FTC, a product must be entirely new or changed in a functionally significant or substantial respect.
A.
False
B.
True
Question #25
Which of the following gives the correct order of the steps in the new-product development process?
A.
Commercialization, idea generation, idea evaluation, screening, development
B.
Development, idea generation, screening, commercialization, idea evaluation
C.
Idea generation, screening, idea evaluation, development, commercialization
D.
Screening, idea generation, idea evaluation, development, commercialization
E.
Idea generation, idea evaluation, development, screening, commercialization
Question #26
Strategy "Place" decisions would NOT include:
A.
Type of channel of distribution
B.
Type of physical distribution facilities
C.
Type of intermediaries / collaborators
D.
Geographic pricing policy
E.
Degree of market exposure desired
Question #27
A direct-to-customer channel:
A.
Includes a retailer but not a wholesaler.
B.
Provides firms with data, knowledge, and information about its market.
C.
Eliminates almost all of the marketing functions
D.
Is typical to reach final consumer markets.
Question #28
Which of the following statements about direct-to-customer channels is FALSE?
A.
Most consumer products are sold via direct-to-customer channels.
B.
Producers must sometimes use direct-to-customer channels because suitable intermediaries are not available.
C.
Many Business Products are sold via direct-to-customer channels.
D.
Service firms often use direct-to-customer channels
Question #29
Indirect channels are probably a better choice than direct channels when:
A.
All of these make indirect channels a better choice
B.
Retailers are already conveniently located where consumers shop.
C.
Target customers already have established buying patterns for where to search for the product.
D.
The product is a consumer product instead of a business product
E.
The firm has limited financial resources.
Question #30
All of the following are regrouping activities EXCEPT:
A.
Bulk-breaking
B.
Assorting
C.
Channeling
D.
Accumulating
E.
Sorting
Question #31
A wine producer wants a supermarket manager to display its wines in a desirable end-of-aisle location, but the supermarket manager refuses to give that valuable real estate to this producer. This is an example of _________________ conflict.
A.
Vertical
B.
Corporate
C.
Horizontal
D.
Contractual
E.
Administered
Question #32
A local TV retailer hires knowledgeable salespeople to explain the differences among its models to customers, but a nearby discount store with very few sales staff sells the same TVs at a lower price. This is an example of ___________ conflict.
A.
Traditional
B.
Horizontal
C.
Contractual
D.
Corporate
E.
Vertical
Question #33
Logistics decisions include all of the following EXCEPT:
A.
Transporting of goods.
B.
Storage of goods.
C.
Prices to charge for delivery.
D.
Handling of goods.
E.
A distribution service level.
Question #34
The __________________ concept says that all transporting, storing, and product-handling activities of a business and a channel system should be thought of as part of one system which should seek to minimize the cost of distribution for a given customer service level.
A.
Physical distribution
B.
Product-market
C.
Unique Marketing
D.
Distribution center
E.
PERT
Question #35
Each of the following is likely to be experienced by a supplier using a "JIT" system EXCEPT:
A.
Short-order lead times
B.
Infrequent truck deliveries
C.
Facilities near its customers
D.
E-commerce order systems
E.
Small truck deliveries
Question #36
A jewelry maker's suppliers of gold, platinum and silver, the warehouses that store its finished goods, and the trucks that deliver the product to retailers are all part of a:
A.
Modal transportation hub
B.
Supply chain
C.
Distribution point
D.
Private warehouse system
Question #37
A.
PD concept
B.
Containerization
C.
Just In Time (JIT)
D.
Piggyback
E.
EDI
Question #38
A tire manufacturer currently produces tires in small quantities as they are ordered. The company learns that it can reduce costs significantly by producing one type of tire at a time in large quantities and storing its unsold tires for later sale. Should the company switch to large quantity production?
A.
No, because this will cause the company to incur unexpected transportation costs.
B.
Only if the economies of scale in production are greater than the additional inventory carrying costs.
C.
No, because this will not enable the company to improve its porduction speed per tire
D.
No, because this will prevent the company from providing tires as they are ordered.
Question #39
Each of the following types of activities is likely to occur at a distribution center EXCEPT:
A.
Placing products on transport vehicles
B.
Moving products to loading docks
C.
Sorting of goods mid-shipment
D.
Regrouping of products in transit
E.
Long-term storage of inventory before shipping
Question #40
Distribution Centers:
A.
Are dsigned to facilitate the flow of products through the channel.
B.
Increase storing costs
C.
Are the same as public warehouses.
D.
Are not places where regrouping activities-such as bulk breaking-are performed
Question #41
The main difference between retailing and wholesaling is that:
A.
Technology is more important in wholesaling than in retailing.
B.
Retailing involves selling to other merchants and wholesaling does not.
C.
Retailing involves selling to business customers and wholesaling does not.
D.
Wholesaling involves selling mainly to other merchants and business customers, but retailing involves selling mainly to final consumers.
Question #42
A "good" Retail Strategy Planner knows that:
A.
The failure rate among beginning retailers is very low - most succeed.
B.
The failure rate among beginning retailers is high - about three-fourths fail during first year.
C.
Economic needs are more important than emotional needs in choosing a retailer.
D.
Emotional needs are more important than economic needs in choosing a retailer.
Question #43
A retailer's "Product" may include:
A.
Special orders
B.
A particular assortmenet of goods and services.
C.
All of these are included in a retailer's "Product"
D.
Quality
E.
Advice from salesclerks
Question #44
When a department store manager decides to make a personal shopper available to its career-oriented female shoppers, this is a decision about:
A.
Place
B.
Price
C.
Promotion
D.
Product
Question #45
When a supermarket manager decides to set up an end-of-aisle display for 12-pack containers of Coke Zero, this is a decision about:
A.
Promotion
B.
Price
C.
Product
D.
Place
Question #46
The product line of a limited line retailer would best be described as:
A.
Reflecting a wide price range
B.
C.
Popular products at low prices to get fast turnover
D.
A small range of one specific type of product
E.
Including a wide assortment
F.
Seldom building good relationships with customers
Question #47
A __________ is a type of conventional limited-line store that is usually small and has a distinct "personality."
A.
Hypermarket
B.
Mass-merchandising shop
C.
Specialty shop
D.
General store
E.
Department store
Question #48
The "mass-merchandising" concept:
A.
Supports the conventional retailer's "buy low, sell high" philosophy.
B.
Focuses on increasing sales and speeding turnover by lowering prices
C.
Stresses the need for conventional stores
D.
Suggests aiming at small but profitable target markets
Question #49
Very large retail stores that carry not only foods - but all goods and services which consumers purchase ROUTINELY - are called:
A.
Department stores
B.
C.
Mass merchandisers
D.
Supercenters
E.
Specialty stores
F.
General stores
Question #50
Which of the following would be considered a retailing "category killer"?
A.
Home Depot (for retail category: Home improvements)
B.
PetSmart (for retail category: Pet supplies)
C.
All of these are "category killers."
D.
Best Buy (for retail category: Home Electronics)
E.
IKEA (for retail category: Low-priced furniture)
Question #51
The "Wheel of Retailing" theory says that:
A.
None of these alternatives about the "wheel of retailing" is correct.
B.
New types of retailers enter as low-status, low-margin, low-price operators and eventually offer more services and charge higher prices.
C.
Retailers go through cycles from high costs and prices to lower costs and profits.
D.
General stores will dominate U.S. retailing again in the next century.
Question #52
When consumers go to a brick-and-mortar store to inspect a product, and then purchase from an online low service retailer, this practice is called _____________. (This concept has been a real issue for electronic full-service retailers like Best Buy).
A.
Arbitrage
B.
Shop-hopping
C.
Integrating
D.
Baiting
E.
Showrooming
Question #53
Which of the following is a strategy to combat consumer showrooming?
A.
Integrating online and brick-and-mortar store operations.
B.
Utilizing attack dogs in store.
C.
Scrambled merchandising
D.
Central stocking from multiple channels.
Question #54
A new grocery store features a bank, a pharmacy, a flower shop, a full-service bakery, a cafe, photo processing, and equipment rentals, in addition to its normal grocery product lines. The store is engaging in:
A.
Retailing strategy
B.
Scrambled merchandising
C.
The retail life cycle
D.
The wheel of retailing
Question #55
The main difference between merchant wholesalers and other wholesales is that they:
A.
Are more aggressive at selling than agent wholesalers.
B.
Offer fewer wholesaling functions.
C.
Have the lowest operating expenses as a percent of sales.
D.
Own (take title to) the products they handle.
Question #56
Sierra Plumbing, Inc. buys plumbing supplies, pipes, and tools from different manufacturers and resells them to construction companies. Sierra is MOST LIKELY:
A.
An agent wholesaler
B.
A rack jobber
C.
A drop-shipper
D.
A service (merchant) wholesaler
E.
A person from another planet
Question #57
A national grocery store chain has decided to sell an assortment of hobby, gardening, and cook books. Buyers in the chain's main office are not certain what to stock because they think that consumers in different areas of the country will probably be interested in different books. The store managers have said they don't know what to order either. The chain should probably get help from a ......
A.
Cash-and-carry wholesaler
B.
Rack jobber
C.
Specialty wholesaler
D.
Manufacturers' agent
E.
Broker
Question #58
"Promotion" does NOT include:
A.
Introductory price dealing
B.
Advertising
C.
Publicity
D.
Personal selling
E.
Sales promotion
F.
Question #59
Personal selling:
A.
Gets immediate feedback from consumers.
B.
Is not usually combined with other aspects of promotion in the total marketing mix.
C.
Is one of the least expensive compoments of the communications program.
D.
Is indirect spoken communication between buyers and sellers.
E.
Is indirect written communication between buyers and sellers.
Question #60
"Advertising" :
A.
Is the only form of mass selling.
B.
Is concerned with "promotion" using samples, coupons, and contests.
C.
Involves direct spoken communication between sellers and potential customers.
D.
Is any paid form of non-personal presentation of ideas, goods, or services by an identified sponsor.
E.
Is also called "sales promotion."
Question #61
"Publicity":
A.
Is any paid form of non-personal presentation of ideas, goods, services by an identified sponsor.
B.
Is mass selling that avoids paying media costs.
C.
Is generally less useful than advertising for promoting a really new product.
D.
Is more expensive than all other promotion methods.
Question #62
Sales Promotion can be aimed at:
A.
Final consumers or users
B.
A company's own sales force
C.
Any or all of these is correct.
D.
Intermediaries
Question #63
Coupons, trade shows, calendars, sweepstakes, and sales contests are all examples of:
A.
Personal selling
B.
Advertising
C.
Publicity
D.
Mass selling
E.
Sales Promotion
Question #64
Which of the following sales promotion activities is aimed primarily at final users of a product like you and me?
A.
Training materials
B.
Sales meetings
C.
Merchandising aids
D.
Sales contests
E.
Coupons
Question #65
Company communication with non-customers, including labor, public interest groups, stockholders, and the government is generally referred to as:
A.
Sales promotion
B.
The CSUN Sundial
C.
Consumer advertising
D.
Public relations
E.
Consumer branding
Question #66
Blending (creating synergy among) the firm's promotion efforts to convey a complete and consistent message is the goal of:
A.
Sales management communications
B.
Sales promotion communications
C.
Integrated marketing communications
D.
Integrated sales promotions
E.
Integrated promotional marketing
Question #67
The AIDA model's four basic promotion jobs are concerned with:
A.
Awareness, Interest, Demand, Action
B.
Attention, Internalization, Decision, Action
C.
Attention, Interest, Desire, Action
D.
Action, Interest, Desire, Acceptance
Question #68
Any distraction that reduces the effectiveness of the communication process is called:
A.
Static
B.
Clutter
C.
Interference
D.
Noise
E.
Resonance
Question #69
The Source deciding what it wants to say and then translating it into words or symbols that will have the same meaning to the receiver is termed as:
A.
Exposition
B.
Encoding
C.
Transmutation
D.
Decoding
E.
Recording
Question #70
Identify the traditional communication process.
A.
Source - Encoding - Message Channel - Decoding - Receiver - Feedback
B.
Source - Noise - Message channel - Receiver - Feedback
C.
Source - Message channel - Decoding - Receiver - Feedback
D.
Source - Encoding - Message channel - Noise - Feedback - Receiver
Question #71
A potential customer watches a TV ad for the new BMW series sedan during the highly-rated Academy Awards program. In the traditional communications model, the TV is the:
A.
Encoder
B.
Message channel
C.
Receiver
D.
Source
E.
Decoder
Question #72
In the 30-minute TV infomercial for a new type of "home gym equipment," a toll-free 800 telephone number is prominently displayed across the bottom of the television screen. This is an example of _________________________ promotion.
A.
Latent-response
B.
Laggard-response
C.
Direct-response
D.
Delayed-response
E.
Indirect-response
Question #73
When a salesperson for Procter & Gamble (a major consumer products company) calls on key wholesalers to explain why they should stock and sell a new type of P&G shampoo to retailers, this is an example of:
A.
AIDA
B.
Pulling
C.
Decoding
D.
Encoding
E.
Pushing
Question #74
Gillette (a major consumer products company) spent $100 million in its first year of advertising for a new type of shaving razor and blades. All of its advertising was directed at final consumers like you and me in the hope that these consumers would go to retailers and ask for the product by name. This is an example of:
A.
AIDA
B.
Pushing
C.
Deocding
D.
Pulling
E.
Encoding
Question #75
Which of the following shows the correct sequence of market acceptance of a new idea, as represented in the adoption curve?
A.
Early Adopters, Early Majority, Late Majority, Innovators, Laggards
B.
Early Majority, Late Majority, Early Adopters, Innovators, Laggards
C.
Innovators, Early Adopters, Early Majority, Late Majority, Laggards
D.
Early adopters, Innovators, Laggards, Early Majority, Late Majority
Question #76
For many firms, the largest single operating expense is:
A.
Product management
B.
Administrative overhead
C.
Publicity
D.
Personal selling
Question #77
The three basic sales tasks are:
A.
order-taking, order-managing, order-getting
B.
Order-taking, missionary selling, order-getting
C.
order-taking, supporting, order-getting
D.
Order-closing, order-opening, and sales-promoting
Question #78
These salespeople try to develop goodwill and stimulate demand, help intermediaries train their salespeople, and often take orders for delivery by intermediaries.
A.
Order takers
B.
Missionary salespeople
C.
CSUN faculty
D.
UCLA faculty
E.
Technical specialists
Question #79
All of the following are payment methods for personal selling EXCEPT:
A.
Straight salary
B.
Profit-sharing
C.
Straight commission
D.
Tax deductions
E.
Combination plan
Question #80
Order Getters:
A.
Sell to the regular or established customers, complete most sales transactions, and maintain relationships with their customers.
B.
Usually handle adjustments or complaints
C.
Routinely complete sales made regularly to target customers
D.
Are concerned with establishing relationships with new customers and developing new business.
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