New Market Development MIDTERMS EXAM

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Marks 46.00/50.

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Question 1
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Understanding customers changing expectations is basic for a company's boss exhibition
and long haul achievement in the present profoundly serious business climate.

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True
False

Question 2
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Customers expectations are said to be:

Select one or more:

a.
Subjective

b.
Comprise desired wants, or the extent to which customers believe a particular service
attribute is essential for an excellent service provider

c.
Expectations change over time

d.
Perceptions are judgments about service performance

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Question 3
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In business, whom do we serve?

Select one:

a.
patrons

b.
guests

c.
users

d.
all of the above
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Customers assess quality by contrasting their expectations and their impression of the
product execution.

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True
False

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The fundamental impacts inside associations are: the precise recognizable proof of arising
openings and dangers readiness to meet change the determination of reasonable upper
hand improved correspondence among heads.

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False

Question 6
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Shipping, documentation, legal issues, and shipping terms are examples of Answer
jobs.
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It is a plan focused on the actions and investment necessary to generate income from a
program or service.

Answer:

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As troublesome as segmenting shopper markets may be, it is a lot more harder than
segmenting industrial business sectors.

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False

Question 9
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It is a set of tasks for carrying out the goals delineated in the strategic plan.
Answer:

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________________________ segmentation is a most broadly utilized way to deal with segment a
market.

Select one:

a.
Behavioral

b.
Socio-cultural

c.
Demographic

d.
Psychographic
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Numerous organizations base their industrial marketing segmentation approach on
segment information alone. In any case, while socioeconomics are helpful and handily
acquired, they don't deplete the potential outcomes of segmentation.

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True
False

Question 12
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Customers' necessities and expectations are constant and fixed.

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False

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Despite the fact that examination has demonstrated these marketing planning steps to be
all around pertinent, how much every one of the different steps in the outline should be
formalized depends to a huge degree on the size and nature of the_________________________.

Select one:

a.
market
b.
department

c.
economy

d.
organization
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Exporting is a form of Answer method.

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Customer needs likewise incorporate sorts and wellsprings of data about the product,
sources where the product is accessible, the cost of the product, services related with the
product, the picture of the product or firm furthermore, even where and how the product is
____________________.

Select one:

a.
delivered
b.
purchased

c.
made

d.
marketed
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In planning, you need to review your:mission

Select one or more:

a.
none of the above

b.
goals

c.
values

d.
mission
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There has been an acknowledgment in the advanced business world, that business
endeavors should be company focused.

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False

Question 18
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A type of customer needs that applies to all customers.

Select one:

a.
general need

b.
direct need

c.
latent need

d.
constant need
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The furthest home contains the most broad segmentation models, SOCIO-POLITICAL.

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False

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On the off chance that the product quality meets customer expectation, the customer is said
to be fulfilled, when the product quality surpasses customer expectation, the customer is
supposed to be enchanted.

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True
False

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A Answer is a tool that provides guidance in fulfilling a mission with
maximum efficiency and impact.

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Most managers acknowledge that some sort of method for marketing planning is vital. In
like manner they need a framework which will assist them with speculation in an organized
manner and furthermore make express their natural financial models of the business.

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True
False

Question 23
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Truth be told, industrial segmentation can help organizations in a few territories.

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False

Question 24
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The segmentation rules of the biggest, peripheral home are socioeconomics—general,
effectively perceptible qualities about ventures and organizations; those of the littlest,
deepest home are close to home attributes—explicit, unobtrusive, difficult to-evaluate
characteristics.

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True
False

Question 25
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It is a type of nee that is concern about product and is easy to determine.

Select one:

a.
constant need

b.
variable need

c.
direct need

d.
latent need
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Question 26
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Unreasonable customer expectations made by limited time distortion can add to purchaser
dissatisfaction.

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False

Question 27
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Industry-situated and general indexes are invaluable in creating arrangements of customers
as far as industry, size, and area.

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True
False

Question 28
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Customers' requirements are not confined to product highlights. A product is anything a
buyer secures or may obtain to meet an apparent need.

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True
False

Question 29
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The innovation utilized influences organizations' necessities for test gear, tooling, and parts
and, in this way, decides an advertiser's most suitable marketing approach.

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True
False

Question 30
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Customers satisfaction are said to be:

Select one:

a.
emotional

b.
influenced by others

c.
influenced by price and brand

d.
all of the above
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Question 31
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Gathering data can be done through:

Select one:

a.
interviews

b.
focused groups

c.
observation

d.
all of the above
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Question 32
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In terms of business, barriers to entry are _____.

Select one:

a.
not relevant in today's world

b.
obstacles that make it difficult to enter a particular industry or field

c.
legal stipulations that cause profit margins to shrink
Next

d.
easy to overcome
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Question 33
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Customers who experience needs before the majority of the market can:

Select one:

a.
clearly state emerging needs

b.
predict future trends

c.
control the market

d.
none of the above
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Question 34
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Perhaps the simplest ways, and in certain circumstances the main clear way, to segment a
market is by price and brand identity.

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True
False

Question 35
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It is a type of customer need that requires probing to find and maybe not product related
but use/system related.

Select one:

a.
direct need

b.
latent need

c.
constant need

d.
variable need
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Question 36
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Geographic segmentation technique empowers an organization to serve their customers in
a particular ___________.

Select one:

a.
income

b.
culture

c.
brand

d.
zone
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Question 37
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Rules are guidelines for behaviors, transactions, and processes.

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True
False

Question 38
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A customer need that is removed by a technology change.

Select one:
a.
latent need

b.
direct need

c.
constant need

d.
variable need
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Question 39
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Executing customers' satisfaction theory implies recognizing customers, distinguishing their
requirements and expectations lastly estimating their observations.

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False

Question 40
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It is unimaginable to expect to foresee and respond to customers' requirements and wants
without a total comprehension of shopper conduct.

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True
False

Question 41
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_________________segmentation permits advertisers to segment market dependent on
purchaser character characteristics, way of life and social class.

Select one:

a.
Psychographic

b.
Behavioral

c.
Demographic

d.
Socio-cultural
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Question 42
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A strategic plan should describe specific ___________ steps.

Select one:

a.
action

b.
competitive

c.
penetrating

d.
none of the above
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Question 43
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If the product neglects to meet customers' expectation, the customer is disappointed but
will continue to patronize that product.

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True
False

Question 44
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Documenting customer data can be made in the form of:

Select one:

a.
audio,video recording

b.
notes

c.
photography

d.
all of the above
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Question 45
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What is the most significant disadvantage of owning a franchise?
Select one:

a.
difficulty obtaining loans

b.
operational guidelines

c.
double taxation

d.
start-up cost
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Question 46
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Lowers price escalation effects is one of the advantages of Answer .

Question 47
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Customer _______________________ is brought about by a disappointment of the product
execution.

Select one:

a.
avoidance

b.
complaint

c.
switch

d.
dissatisfaction
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Question 48
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It is notable that not the entirety of the value suggestion conveying cycles will be heavily
influenced by the marketing office, whose job fluctuates impressively between associations.

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True
False

Question 49
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Tariffs is one of the causes of price Answer .

Question 50
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Conversely, in a differentiated organization, it is generally impractical for __________________
to have more prominent utilitarian information and mastery than subordinate management;
consequently planning will in general be more formalized in request to give a reliable
control to the individuals who need to make the choices all through the association.

Select one:

a.
middle management

b.
top management

c.
lower management
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