Marketing Coc
Marketing Coc
B. It can create logistical problems when the company tries to meet varied requirements.
3. Cognitive dissonance occurs in which stage of the buyer decision process model?
B. Information search
C. Evaluation of alternatives
4. That the company that overlooks new and better ways to do things will eventually lose customers to
another company that has found a better way of serving customer needs is a major tenet of:
B. Consumer-oriented marketing.
C. value marketing
5. The biggest or greatest amount of involvement in a foreign market comes through which of the
following?
B. Joint venturing
C. Licensing
6. --------is a good offered either free or at low cost as an incentive to buy a product.
B. spiff
C. price pack
7. Setting call objectives is done during which of the following stages of the selling process?
B. Pre approach
C. Approach
8. Pricing to cover variable costs and some fixed costs, as in the case of some automobile
distributorships that sell below total costs, is typical of which of the following pricing objectives?
9. In determining sales force size, when a company groups accounts into different size classes and
then determines the number of salespeople needed to call on them the desired number of times, it is
called the:
B. Work-load approach.
C. Product-need approach.
10. ----------is products bought by individuals and organizations for further processing or for use in
conducting a business.
B. Services
C. Industrial products
11. All of the following would be ways to segment within the category of psychographic segmentation
EXCEPT:
D. Personality.
12. The --------is a person within a reference group who, because of special skills, knowledge, personality,
or other characteristics, exerts influence on others.
B. referent actor
C. opinion leader
A. Modeling D. Learning
B. Motivation
C. Perception
14. Concerns that the manufacturers of harmful products such as tobacco have influence on lawmakers
to the detriment of the public interest is used as evidence of which criticism of marketing?
C. Cultural pollution.
15. The Internet evolved from a network created by during the 1960s.
16. In terms of execution styles, a family seated at the dinner table enjoying the advertised product would
be an example of which of the following types of advertising?
C. Material comfort.
B. Rack jobbers
C. Manufacturer's agents
19. Sellers that handle their own exports are engaged in:
20. More and more salespeople are being evaluated and compensated based on different measures than
in the past. All of the following are illustrations of those measures EXCEPT:
21. Includes practices such as overstating the product's features or performance, luring the customer to
the store for a bargain that is out of stock, or running rigged contests.
B. Deceptive packaging
C. Deceptive pricing
22. The orange juice manufacturers know that orange juice is most often consumed in the mornings.
However, they would like to change this and make the drink acceptable during other time periods
during the day. Which form of segmentation would they need to work with and establish strategy
reflective of their desires?
23. The typical method of retail operation used by supermarkets and catalog showrooms is called:
B. Limited-service retailing.
C. Full-service retailing.
24. A (n) are computerized collections of information obtained from data sources within the company.
25. The total number of items that the company carries within its product lines refers to the of the
product mix.
A. Width D. consistency
B. Depth
C. Length
26. The use of price points for reference to different levels of quality for a company's related products is
typical of which product-mix pricing strategy?
B. Captive-product pricing
C. By-product pricing
27. If a company's objective were to reach masses of buyers that were geographically dispersed at a low
cost per exposure, the company would likely choose which of the following promotion forms?
B. Personal selling
C. Public relations
28. Using a successful brand name to introduce additional items in a given product category under the
same brand name (such as new flavors, forms, colors, added ingredients, or package sizes) is called
a(n):
D. New brands.
29. Successful service companies focus their attention on both their customers and their employees.
They understand, which links service firm profits with employee and customer satisfaction.
B. service-profit chains
C. interactive marketing
C. Arthur Miller
31. Anything that can be offered to a market for attention, acquisition, use, or consumption that might
satisfy a want or need is called a(n):
A. Idea. D. Service.
B. Demand.
C. Product.
32. The type of sales presentation approach that requires good listening and problem solving skills is
the:
B. Formula approach.
C. Need-satisfaction approach.
A. Browsers. B. Webcasters.
D. Software.
34. Success depends on how well a company blends its people, organizational structure, decision and
reward systems, and company culture into a cohesive program that supports its strategies.
B. marketing control
C. marketing analysis
35. Wal-Mart owned Sam's club is an example of a retail form called a(n):
C. Seconds store.
36. Is the general term for a buying and selling process that is supported by electronic means?
B. Web commerce
C. Computer commerce
37. When a company enters a new product category for which its current brand names are not
appropriate, it will likely follow which of the following brand strategies?
B. Line extensions
C. Brand extensions
38. Consists of dividing a market into distinct groups of buyers on the basis of needs, characteristics, or
behavior who might require separate products or marketing mixes.
B. Market segmentation
C. Market targeting
B. Online ads
C. Online broadcasts
40. In terms of special product life cycles, a is a basic and distinctive mode of expression.
A. Genre D. Fad
B. Style
C. Fashion
41. Is a principle of enlightened marketing that requires that a company seek real product and marketing
improvements?
B. Consumer-oriented marketing
C. Value marketing
42. Many U.S. firms have sought relief from foreign competition by demanding protectionism policies by
the U.S. government. A better way for companies to compete is to expand into foreign markets and:
B. Market segmentation
C. Market targeting
A. Actionable D. measurable
B. Substantial
C. Differentiable
45. The fact that services are sold, produced, and consumed at the same time refers to which of the
following service characteristics?
A. Intangibility D. Perishability
B. Inseparability
C. Variability
46. Factors are the most popular bases for segmenting customer groups.
A. Geographic D. Behavioral
B. Demographic
C. Psychographic
47. A manufacturer has four sponsorship options. A is a brand created and owned by a reseller of a
product or service.
B. manufacturer's brand
C. private brand
48. When Michael Jordan and Tiger Woods use marketing to promote their careers and improve their
impact and incomes, they are using:
C. Governmental regulation.
50. When an international seller sells a plant, equipment, or technology to another country and
agrees to take payment in the resulting products, it is called:
B. Buy-back.
C. Counter purchase.
51. The stage is the product life cycle that focuses on expanding market and creating product
awareness and trial is the:
B. Introduction stage.
C. Growth stage.
52. Which of the following promotional budget methods wrongly views sales as the cause of
promotion rather than as the result?
B. Percentage-of-Sales method
C. Competitive-parity method
53. If the field sales force has been supplied with new leads(via the telephone)that have been
qualified, they have probably been assisted by:
D. Telemarketers.
54. Is setting the price steps between various products in a product line based on cost
differences between the products, customer evaluations of different features, and
competitors' prices?
B. Captive-product pricing
B. Exclusive distribution
C. Selective distribution
A. Retailer. D. Logistics.
B. Wholesaler.
C. Distribution channel.
A. Crucial B. Core
D. Secondary
60. The Wheeler-Lea Act gives the Federal Trade Commission the power to regulate:
61. In evaluating messages for advertising, telling how the product is better than the competing
brands aims at making the ad:
A. Meaningful. D. Remembered.
B. Distinctive.
C. Believable.
62. When an importing country sets limits on the amount of goods it will accept in certain
product categories it is called a(n):
A. Quota. D. Embargo.
B. Barrier.
C. Tariff.
63. According to the price/quality strategy matrix, when a company overprices its product in
relation to its quality it is considered to be using which type of strategy?
D. Snob strategy.
64. is the practice of adopting policies and developing strategies that both sustain the
environment and produce profits for the company.
B. Environmental sustainability
C. Consumerism
65. . It is an arrangement between two or more than two shipping lines to provide regular
service on certain trade routes at uniform freight rates and common business terms:
A. Break bulk B. Conference lines C. Full Container Load D. Charter services
66. ______ is a large gantry crane used to load and unload containers onto trucks or railway
wagons or to store the containers on top of each other in stacks in a container yard.
A. Transtainer B. Tramp C. Slot D. Parcel
67. . ________is a merchant ship specially designed to transport unpackaged bulk cargo such as
grain, coal, ore, steel coils, and cement in its cargo holds.
A. Charter services B. Conference lines C. Full Container Load D. Bulk carrier
68. . ________include vehicle ferries and cargo ships carrying truck trailers or cars:
A. Roll on/roll off C. Less than Container Load
B. Age/Freight All Kinds D. Non-conference lines
69. _____is a kind of transportation system which is ideal for transporting large volumes of
goods over long distances:
A. Air freight B. Sea freight C. Road freight D. Rail freight:
70. . _____is the process of securing goods for safe journey to the destination country
(produced within one boundary and sold beyond it):
A. Marking C. Packing
B. Stowage D. Transshipment
71. ____means a descriptive name, identification number, instructions, cautions, weight,
specification, or combinations thereof, required on outer packaging of hazardous materials
or dangerous goods.
A. Transshipment C. Packing
B. Stowage D. Marking
72. ______means the proper placement of dangerous goods on board a ship in order to ensure
safety and environmental protection during transport
A. Stowage C. Packing
B. Transshipment D. Marking
73. Identifying and eliminating all unnecessary items
A. Sweeping B. Sorting
A. Standardizing D. Sustain
B. Sweeping
C. Systematizing
75. Cleaning workplace thoroughly
A. Sweeping D. Sorting
B. Standardizing
C. Sustain
76. Maintaining high standards of housekeeping and workplace organization at all times
A. Sorting D. Sustaining
B. Sweeping
C. Standardizing
77. Creating a culture wherein all members practice the other 5s
A. Sustaining/self-discipline D. Sorting
B. Sweeping
C. Standardizing
Currently, the company is at the final stage to introduce its newly produced products for
she market test by new customer targets to the buyer both in the domestic and foreign
markets. Let's assume that you are working at Euro-Africa Packaging Company
marketing and sales activities at the supervisory level.
Therefore, based on the scenarios given above you are expected to perform the
following tasks;
Project 2: Plan and market goods and services through online to maintain
business relationship
Total time for the project: 0:30 hours
Project description
Ethiopia has become a preferred destination for foreign direct investment and an
emerging hub for manufacturing in Africa due to its growing economy, excellent climate
conditions, strong guarantee for protection, Abandon and affordable labor, and regional
hub with access to a wide market like Common Market for Eastern and Southern Africa
(CMESA) privilege by the USA Under Africa Growth and Opportunity Acct (AGOA).
A company has different departments mention the Production department, Market and
Sales Department, Inspection and Quality Control Department, Purchasing and
Procurement Department.
Let's assume that you are assigned to the Marketing and Sales Management
Department in charge of doing marketing-related activities in the international market.
Therefore, based on the case study given you are expected to perform the following
tasks.
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ANSWER KEY
1. Which of the following information forms available to the marketing manager can
usually be accessed more quickly and cheaply than other information sources?
· Answer: D. Internal databases
2. All of the following are considered to be drawbacks of local marketing EXCEPT:
· Answer: C. It can attract unwanted competition.
3. Cognitive dissonance occurs in which stage of the buyer decision process model?
· Answer: D. Post-purchase behavior
4. That the company that overlooks new and better ways to do things will eventually lose
customers to another company that has found a better way of serving customer needs
is a major tenet of:
· Answer: C. Value marketing
5. The biggest or greatest amount of involvement in a foreign market comes through
which of the following?
· Answer: D. Direct investment
6. [Blank] is a good offered either free or at low cost as an incentive to buy a product.
· Answer: D. Premium
7. Setting call objectives is done during which of the following stages of the selling
process?
· Answer: B. Pre-approach
8. Pricing to cover variable costs and some fixed costs, as in the case of some
Justification: The principle described aligns closely with innovative marketing, which
emphasizes finding new and better ways to serve customer needs. It highlights the importance
of continuous improvement and adaptation to remain competitive in the market.
7. **Answer: B. Pre-approach**
Justification: Setting call objectives typically occurs during the pre-approach stage of
the selling process. This stage involves preparing for the sales call by researching the prospect,
setting objectives, and planning the approach strategy.
8. **Answer: D. Survival**
Justification: Pricing to cover variable costs and some fixed costs, even if it means
selling below total costs, is a strategy employed by companies aiming for survival. It helps
them generate enough revenue to cover essential expenses and stay operational during
challenging times.
Justification: The work-load approach involves grouping accounts into different size
classes and determining the number of salespeople needed to call on them the desired number
of times. It focuses on distributing the sales force efficiently based on the workload of different
accounts.
Justification: The Internet evolved from a network created by the Defense Department
during the 1960s, known as ARPANET. It was initially developed for military purposes but later
expanded into a global network for communication and information exchange.
Justification: Slice of life advertising portrays scenes from everyday life, often
featuring characters using the advertised product in a realistic context, such as a family
enjoying a meal together.
Justification: Collectivism, which emphasizes the importance of the group over the
individual, is not typically a value promoted in the United States. American culture generally
values individualism, achievement, and personal success.
Justification: The depth of the product mix refers to the total number of items within
the product lines. It indicates the variety of products offered within each product line.
" is attributed to Robert Louis Stevenson, emphasizing the universal aspect of sales and
persuasion in everyday life.
Justification: Yahoo, Infoseek, and Excite are examples of search engines, which are
online tools used to search for information on the internet. They help users find relevant
websites, pages, or documents based on specific keywords or queries.
Justification: Electronic commerce refers to the buying and selling of goods and
services, or the transmitting of funds or data, over an electronic network, primarily the internet.
It encompasses a wide range of online transactions and activities.
Justification: When a company enters a new product category for which its current
brand names are not appropriate, it may choose to introduce new brands rather than extending
existing brands. This strategy helps differentiate products and target new market segments
effectively.
Justification: A private brand, also known as a store brand or private label, is a brand
created and owned by a reseller of a product or service. It is typically sold exclusively by the
retailer under its own brand name.
Justification: The introduction stage of the product life cycle focuses on expanding
the market and creating product awareness and trial. It involves launching the product, building
brand awareness, and encouraging initial adoption among consumers.
Justification: Product line pricing involves setting price steps between various
products in a product line based on cost differences, customer evaluations, and competitors'
prices. It helps companies capture value from different customer segments and maximize
profitability.
56. **Answer: A. Assumes title and ships coal, lumber, or heavy equipment to a buyer**
Justification: Drop shippers are intermediaries who take title of the goods but do not
physically handle, stock, or deliver them. Instead, they arrange for the shipment of goods
directly from the manufacturer or supplier to the buyer.
Justification: Beliefs and values that are open to some degree of change are
considered
Justification: A quota is a trade barrier that sets limits on the quantity or value of
specific goods that can be imported or exported within a given period. It aims to restrict the
volume of foreign goods entering a domestic market.
Justification: A transtainer is a large gantry crane used to load and unload containers
onto trucks, railway wagons, or to store containers in stacks in a container yard. It plays a
crucial role in container handling and logistics operations.
Justification: Roll on/roll off (Ro-Ro) ships include vehicle ferries and cargo ships that
carry trucks, trailers, or cars. They are designed with ramps or platforms for easy loading and
unloading of wheeled cargo.
Justification: Rail freight refers to the transportation of goods by rail, utilizing trains to
move large volumes of cargo over long distances. It is an efficient mode of transportation for
bulky or heavy goods over land.
Justification: Packing involves securing goods for safe transport to the destination
country. It includes activities such as packaging, labeling, and preparing goods for shipment,
ensuring they arrive intact and undamaged.
Justification: Sorting is the first step in the 5S methodology, involving identifying and
eliminating all unnecessary items from the workplace. It helps create a clutter-free and
organized environment conducive to efficiency and productivity.