Marketing 442 - Business to Business Marketing » Spring 2024 » Quiz Ch 1

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Question #1
Business markets can be defined by the differences of the following
A.   personal selling, capital equipment, service
B.   market structure, buying behavior, market practice
C.   products, services, organizations
D.   products, buying behavior, organizations
Question #2
Mead paper company recently purchased a new high speed paper machine for one of the plants. The new machine is used in manufacturing a special grade of paper at a rate of over 1500 feet per minute. This product would be classified as:
A.   An installation
B.   Maintenance, repair and operating supplies
C.   Business services
D.   Accessory equipment
Question #3
Which of the following transactions fall into the business marketing domain?
A.   Ford purchasing machines tools for their plants from Cincinnati Milacron
B.   Ford selling their automobiles to the fleet manager at Cincinnati Milacron for use by the sales force
C.   Ford purchasing power-steering systems from Motorola for the use in a particular model
D.   All of these
Question #4
In industries buying investment goods, relatively small fluctuations in demand can lead to large fluctuations in their need for new investment; the accelerator effect refers to the ratio of the demand for capital equipment to the demand for the output of the customer industry. This describes
A.   derived demand
B.   B2B demand
C.   bullwhip effect
D.   accelerator effect
Question #5
The business market consists of the following three components:
A.   manufacturers, institutions, and defense
B.   commercial enterprises, resellers, and government
C.   manufacturers, service organizations, and government
D.   commercial enterprises, institutions, and government
Question #6
Concerning the classification of the customers in the business market, GM is a _________ when purchasing a mainframe computer system from IBM, but is a ________ when purchasing tires from Goodyear.
A.   user, reseller
B.   original equipment manufacturer (OEM), user
C.   none of these
D.   user, original equipment manufacturer (OEM)
Question #7
When purchasing microprocessors from Intel Corporation to be incorporated into Dell's line of personal computers, IBM would be classified as:
A.   A user
B.   An original equipment manufacturer (OEM)
C.   A reseller
D.   A distributor
Question #8
When Armco Steel realizes a drop in the demand for steel as a result of a decline in ultimate consumer demand for automobiles, this illustrates the concept of
A.   Derived demand
B.   Elastic demand
C.   Reverse elasticity
D.   Inelastic demand
Question #9
Based on the volume of their purchases, _______ are the most important commercial customers in the business of industrial markets
A.   banks
B.   consumers
C.   manufacturers
D.   farmers
Question #10
Market-driven firms spot market changes and react well in advance of their competitors. This illustrates:
A.   the market sensing capability of market driven firms
B.   service dominant logic
C.   good customer focus
D.   economic effeciencey

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