Marketing Exam 3
online forum
A blog is a(n) ______. A. type of online advertising B. type of targeted e-mail C. online forum D. text- and image-based ad and link that appears atop or alongside search engine results E. mobile app
Lower margins and higher sales volume
A discount store (for example, Target, Kohl's, or Walmart) sells standard merchandise at lower prices. To do this, discount stores accept which of the following two conditions? A. Higher margins and lower sales volume B. Higher sales volume and inefficient operations C. Operating at a loss and higher sales volume D. Lower margins and lower sales volume E. Lower margins and higher sales volume
DRTV marketing
A form of television marketing which persuasively describes a product and give customers a toll-free number or an online site for ordering is known as _________________. A. telemarketing B. kiosk marketing C. interactive television marketing D. catalog marketing E. DRTV marketing
Evaluation
Advertising decisions involve multiple steps culminating in the measurement of the sales effects of advertising or brand content. Which of the following considers return on investment? A. Defining reach B. Frequency C. Engagement goals D. Impact E. Evaluation
Training salespeople
After recruiting and selecting salespeople, what is the next major step in sales force management? A. Compensating salespeople B. Supervising salespeople C. Designing sales force strategy and structure D. Evaluating salespeople E. Training salespeople
decide how they will differentiate and position themselves
After segmenting and defining their target markets, retailers must then ____________________. A. decide how they will differentiate and position themselves B. decide on the level of service they will provide C. decide on the product assortment and volume they will stock D. decide on the store atmosphere and shopping experience E. decide on pricing by product line and assortment
works to produce both customer satisfaction and company profit
As companies become more market-centered, a customer-focused sales force __________________. A. works to produce both customer satisfaction and company profit B. only needs to coordinate its efforts with marketing planners C. has greater incentives to produce revenue D. becomes more focused on profit and less on the customer E. is less important than the results advertising and sales promotion can reap
Approach
At which step in the personal selling process does a salesperson meet the customer for the first time? A. Preapproach B. Qualifying C. Prospecting D. Approach E. Presentation
first-line partners
Companies today see channel members as ______________ and practice strong partner relationship management. A. consumer advertising B. discount pricing C. first-line partners D. B2B selling E. trade promotions
phishing
Consumers may receive an e-mail, supposedly from their bank or credit card company, saying that their account's security has been compromised. The sender asks consumers to log on to a provided Web address and confirm their account and other personal information and then steals this private information. This is a fraudulent practice called ______. A. phishing B. telemarketing C. spamming D. infomercials E. mobile marketing
tells the buyer a "value story"
During the presentation step in the personal selling process, the salesperson ______________. A. tells the buyer a "value story" B. attempts to "razzle-dazzle" the buyer C. meets the buyer for the first time D. closes the deal E. handles objections
shopper marketing
Focusing the entire marketing process toward turning shoppers into buyers as they approach the point of sale is known as ______________________. A. shopper marketing B. retailing C. warehousing D. internal marketing E. showrooming
product
GE Healthcare employs different sales forces for diagnostic imaging, life sciences, and integrated IT products and services. GE Healthcare has adopted a ______ sales force structure. A. territorial B. product. C. complex D. customer E. market
marketing
Geico's website is designed to quickly turn an inquiry into a sale. Geico has designed a(n) ______ website. A. marketing B. phishing C. branded community D. search engine E. e-mail
service retailers
Hotels and motels, banks, airlines, restaurants, colleges, hospitals, movie theaters, tennis clubs, bowling alleys, repair services, hair salons, and dry cleaners are all examples of ________. A. wholesalers B. service retailers C. non-retailers D. franchises E. specialty stores
a broad selection of more specialized and highly targeted media
In place of traditional media, marketers are using __________________________ to engage smaller customer segments with more personalized, interactive content. A. more integrated social media B. less social media and more traditional but targeted media C. a broad selection of more specialized and highly targeted media D. increased amounts of public relations, trade shows, special events, and social media E. narrow but highly targeted media
Point-of-purchase
It's time for the Super Bowl, and the end-of-the-aisle displays at the supermarket feature chips, dips, and soft drinks. What type of sales promotion tool is this? A. Allowance B. Sponsorship C. Point-of-purchase D. Sample E. Premium
Administered VMS
Large retailers like Walmart have enormous channel control due to their size and power. Which type of channel arrangement does this represent? A. Contractual VMS B. Administered VMS C. Manufacturer-sponsored retailer franchise system D. Corporate VMS E. Conventional distribution channel
The retailer charges higher prices on an everyday basis, coupled with frequent sales and other price promotions.
Macy's, Kohl's, and JCPenney practice a retailing pricing strategy called "high-low pricing." Which of the following correctly describes high-low pricing? A. Some products are priced high, others are priced low, and still others are priced at bargain-basement levels. B. Retailers charge an everyday low price with no special promotions. C. The retailer does not have to run sales on selected items. D. The retailer charges higher prices on an everyday basis, coupled with frequent sales and other price promotions. E. Retailers do not have to use promotions.
involves the entire supply chain management
Marketing logistics addresses not only outbound logistics but also inbound logistics and reverse logistics, which means it ____________________________. A. is the solution for managing costs and customer satisfaction B. focuses on just-in-time inventory management C. enables producers, manufacturers, and distribution to maximize cost savings D. it is the centerpiece for quicker times to market and enhanced cost reductions E. involves the entire supply chain management
interactive
Social media are ideal for participating in customer conversations and listening to customer feedback because they are _____________. A. interactive B. targeted and personal C. cost-effective D. immediate and timely E. engaging
Social shopping retailing
Successful retailers of the future must adopt which type of buying experience that is both seamless and integrates multiple types of media? A. Omni-channel retailing B. Social shopping retailing C. Direct-to-consumer retailing D. Discount retailing E. Off-price retailing
social selling
The fastest-growing sales trend today is ______________. A. inside sales B. social selling C. product selling D. outside sales E. team selling
online marketing
Websites, online advertising, email, online video, and blogs are all forms of ______. A. social media marketing B. telemarketing C. traditional direct marketing D. online marketing E. mobile marketing
Creating advertising messages and selecting advertising media
What are the two major elements in developing advertising strategy? A. Determining the advertising budget and determining ROI B. Creating advertising messages and selecting advertising agencies C. Creating advertising messages and setting the advertising budget D. Determining the target audience and selecting advertising media E. Creating advertising messages and selecting advertising media
Retailers should integrate all available shopping channels and devices into a seamless customer shopping experience.
What does the phrase "omni-channel buying calls for omni-channel retailing" imply for retailers? A. Retailers should attempt to attract omni-channel buyers to brick-and-mortar settings through experiential retailing. B. Retailers should plan and budget for expansion of brick-and-mortar shopping experiences. C. Retailers should integrate all available supply-chain channels into their distribution systems. D. Retailers should make certain they focus on social and digital media as their main advertising vehicles. E. Retailers should integrate all available shopping channels and devices into a seamless customer shopping experience.
Kiosk marketing
Which of the following is a form of traditional direct marketing? A. Kiosk marketing B. Blogs C. Websites D. Mobile marketing E. Social media marketing
vertical marketing system
A(n) _____ consists of producers, wholesalers, and retailers acting as a unified system. A. distribution center B. vertical marketing system C. administered vertical marketing system D. conventional distribution channel E. channel level
direct and digital marketing
Catalogs, online and social media, and mobile marketing are some of the specific promotional tools used in _________________________. A. sales presentations B. personal selling C. sales promotion D. public relations E. direct and digital marketing
territorial
Justin, Inc., a U.S.-based watch manufacturer, sells its products in China, Russia, France, and India. To manage sales, Justin appoints a number of sales representatives to each location. Justin has adopted a ________ sales force structure. A. complex B. territorial C. customer D. market E. product
Public affairs
___________________is used to build and maintain national or local community relationships and is one of the functions of public relations. A. Press relations B. Investor relations C. Development D. Public affairs E. Lobbying
A push strategy
In which of the following does a producer direct marketing activities (primarily personal selling and trade promotion) toward channel members? A. Integrated communications B. A push strategy C. Product communications D. A pull strategy E. A personal selling strategy
Franchise organizations
In which of the following is vertical conflict, conflict between different levels of the same channel, common? A. Franchise organizations B. Supplier channels C. Channel intermediaries D. Wholesalers E. Independent retailers
kiosk
Many consumers today rent DVDs from a vending machine called Redbox, which can be found in retail stores and other locations. Redbox is type of ________ marketing. A. website B. infomercial C. kiosk D. interactive TV E. DRTV
Manufacturing and assembly
Many vital and key functions are performed by marketing channels. Of the following, which is NOT one of those key functions? A. Manufacturing and assembly B. Fulfillment of completed transactions C. Physical distribution D. Distribution of persuasive communications E. Completion of transactions
social networks are largely user-controlled
One challenge of social media marketing is _____________________ A. social media does not lend itself to targeting B. the fact that social marketing has not spread globally C. the fact that it is not cost-effective D. social networks are largely user-controlled. E. social media is not cost-effective
Wholesalers must make decisions regarding their marketing mix.
Which of the following statements about wholesaling is true? A. Wholesalers must make decisions regarding their marketing mix. B. Wholesalers do not need to differentiate themselves. C. Wholesalers do not need to segment their markets. D. Wholesalers do not make positioning decisions. E. Wholesalers do not need to define a target market.
permission-based email marketing
______ means sending email pitches only to customers who "opt in." A. viral marketing B. phishing C. unsolicited email marketing D. spamming E. permission-based email marketing
Invasion of privacy
____________ is perhaps the toughest public policy issue now confronting the direct marketing industry. A. Deceptive advertising B. Irritation C. Invasion of privacy D. Deceptive pricing E. Junk mail
Persuasive
___________________ advertising is the type of advertising objective used when attempting to build brand preference and prompting customers to purchase now. A. Informative B. Comparative C. Reminder D. Attack E. Persuasive
Engagement and social sharing capabilities
____________________ is perhaps the biggest advantage of social media. A. Return on investment B. User-controlled content C. The potential to grow an audience base D. the low cost E. Engagement and social sharing capabilities
consumers don't distinguish between content sources the way marketers do.
Marketers now have a richer mix of media and content approaches with consumers being bombarded by many brand messages. The result is that _________________________. A. companies do not target successfully or efficiently. B. companies fail to integrate brand messages and positioning. C. companies fail to integrate their various communication channels. D. consumers don't distinguish between content sources the way marketers do. E. consumers may believe similar brands are all the same.
supervision and motivation
More than a territory, compensation, and training, new salespeople need ________________. A. product knowledge B. reasonable sales goals C. supervision and motivation D. ongoing customer sales support E. customer relationship management skills
Outsourcing logistics functions
Which of the following represents a new trend in logistics to save costs, increase efficiencies, and gain faster and more effective access to global markets? A. Outsourcing logistics functions B. Just-in-time logistics C. RFID and barcode tracking D. Vendor managed inventory E. Electronic data exchange
handle objections
After the presentation and demonstration step in the sales process, a salesperson should next be prepared to _______. A. prospect the customer B. follow up with the customer C. handle objections D. approach qualified customers E. immediately close the sale
Analyzing consumer needs
________________________ is the first step in marketing channel design. A. Identifying the types of intermediaries to use B. Identifying the number of intermediaries to use C. Setting channel objectives D. Analyzing consumer needs E. Evaluating major channel alternatives
follow up
What is the final step in the seven-step personal selling process? A. Closing B. Presentation C. Qualifying D. Follow-up E. Prospecting
Reminder
Which advertising objective is best suited to maintaining customer relationships and for more mature products? A. Attack B. Humorous C. Persuasive D. Reminder E. Informative
category killers
Best Buy, Home Depot, Petco, and Bed Bath & Beyond, which are actually giant specialty stores characterized by immense size and deep assortments of merchandise, are sometimes called _______________. A. category killers B. off-price retailers C. discount stores D. service retailers E. supermarkets
selling and promoting
By performing the channel function of ________, wholesalers' sales forces help manufacturers reach many small customers at a low cost. A. bulk-breaking B. risk bearing C. financing D. buying and assortment building E. selling and promoting
Adaptability criteria
Channels often involve long-term commitments, and companies have many alternatives. What type of criteria should be used if the company wants to keep the channel flexible so that it can respond to environmental changes? A. Investment criteria B. Control criteria C. Adaptability criteria D. Profitability criteria E. Sales criteria
e-tailers
Companies like Amazon and Expedia.com that sell products and services directly to final buyers over the Internet are known as _______. A. transaction sites B. content sites C. e-tailers D. online social media E. search-engine portals
Exclusive
Companies such as Breitling watches and Pandora charm bracelets use which of the following types of distribution strategy? A. Selective B. Direct C. Intensive D. Franchise E. Exclusive
interpersonal
Personal selling can be more effective than advertising in complex selling situations because it is ______________________________. A. only used for face-to-face customer interactions B. designed to reach large groups of consumers C. less engaging than advertising D. interpersonal E. nonpersonal
Direct-mail marketing
________ involves sending an offer, announcement, reminder, or other item to a person at a particular address. A. Catalog marketing B. Telemarketing C. Kiosk marketing D. Direct-mail marketing E. Direct-response television marketing
practice value selling
Most companies today want their salespeople to _______, which means demonstrating and delivering superior customer value and capturing a return on that value that is fair for both the customer and the company. A. practice value selling B. cut prices to make the sale C. close sales D. capture short-term business E. use a transaction-oriented sales approach
Differentiate the retailer while matching target shoppers' expectations
What is the overall goal when retailers choose their product assortment? A. Offer as many products as they can fit on the shelves B. Offer the same products as their competitors C. Only choose products that will maximize profits D. Differentiate the retailer while matching target shoppers' expectations E. Offer products that will appeal to as many segments as possible
Value delivery network
Of the following, which most closely describes the method by which companies engage and create benefits for their customers? A. Channel level B. Value delivery network C. Supply chain D. Customer relationship management E. Marketing channel
premiums
One consumer promotion tool is _______, which are goods offered either free or at low cost as an incentive to buy a product. A. rebates B. advertising specialties C. point-of-purchase promotions D. coupons E. premiums
potentially high cost savings and improved customer satisfaction
One of the primary advantages of marketing logistics is __________________. A. potentially high cost savings and improved customer satisfaction B. maximizing inbound, outbound, and reverse logistics C. cost savings in inventory management D. improved customer satisfaction and faster time to market E. being the solution for maximizing costs and customer satisfaction
public relations
Press releases, sponsorships, events, and web pages are promotional tools used in _____________. A. advertising B. sales promotion C. direct and digital marketing D. personal selling E. public relations
It may or may not be legal
Producers of a strong brand sometimes sell it to dealers only if the dealers will take some or all of the rest of its line. This is known as full-line forcing. Which of the following statements is true regarding full-line forcing? A. It is only illegal in Europe. B. It is always illegal. C.It is always legal. D. It may or may not be legal. E. It is only legal in New York, California, and Texas.
add value
Progressive wholesalers recognize that their only reason for existing is to ____________________. A. bear the risk of sales and distribution B. add value C. automate distribution D. provide selling support E. finance retailing transactions
Product assortment, services mix, and store atmosphere
Retailers must decide on which three major product variables? A. Product assortment, services mix, and location B. Product assortment, services mix, and store atmosphere C. Product assortment, price, and location D. Product assortment, services mix, and price E. Product assortment, store atmosphere, and price
It turned free-spending consumers into value-seeking ones.
The Great Recession of 2008-2009 had a profound effect on the economy and consumers. Of the following, which represents one of the major consumer trends resulting from the Great Recession? A. It turned free-spending consumers into value-seeking ones. B. It created a trend away from consumer spending on well-known brands. C. It turned brick-and-mortar retailers into Internet-only retailers. D. It forced consumers to become omni-channel shoppers. E. It restricted retail expansion domestically and internationally.
easy, convenient, and private
The benefits of direct and digital marketing for buyers are that they are _________. A. easy, private, and expensive B. easy, convenient, and private C.veasy, convenient, and impersonal D. easy, convenient, and public E. convenient, private, and hard to use
viral marketing
The digital version of word-of-mouth marketing that involves creating videos, ads, and other marketing content that is so infectious that customers will seek them out or pass them along to their friends is called _______. A. search engine marketing B. e-mail marketing C. viral marketing D. online marketing E. omni-channel marketing
designing sales force strategy and structure
The first decision a manager must make in sales force management is _______________. A. sales training B. evaluation of salespeople C. sales force compensation D. recruitment and selection processes for salespeople E. designing sales force strategy and structure
A fixed amount, a variable amount, expenses, and fringe benefits
The four elements of a compensation plan for salespeople are __________. A. A fixed amount, a variable amount, stock ownership, and fringe benefits B. A fixed amount, a variable amount, expenses, and commission C. A fixed amount, a variable amount, expenses, and salary D. A fixed amount, a variable amount, salary, and commission E. A fixed amount, a variable amount, expenses, and fringe benefits
induce channel members to carry and promote the product
The goal of a push strategy is to _____________________________. A. give channel members additional media incentives to carry the product B. save money by only focusing on consumers C. build trade demand D. induce channel members to carry and promote the product E. increase sales calls to distributors
deliver a clear, consistent, and compelling message
The goal of integrated marketing communications is to _______. A. have different media carry different messages about a brand in an integrated way B. deliver clear, consistent, and compelling messages about the organization and its brands C. maximize return on investment with increased revenue across all brands D. lower overall marketing expenditures while delivering increased results E. integrate communications via online and mobile technologies at a lower cost per impression
Warehousing, inventory management, transportation, and logistics information management
The goal of logistics is to provide a targeted level of service at the least or lowest possible cost. To achieve this goal, which of the following are logistical functional areas? A. Warehousing, inventory management, transportation, and logistics information management B. Retailing, inventory management, transportation, and logistics information management C. Inventory management, transportation, shipping, and warehousing D. Warehousing, inventory management, transportation, and retailing E. Warehousing, inventory management, retailing, and logistics information management
massive shifts in how store retailers operate
The massive shift in how and where people buy calls for __________________________. A. massive shifts in how store retailers operate B. massive shifts to online-only environments for brick-and-mortar retailers C. massive spending in social media for brick-and-mortar retailers D. massive spending increases in advertising and sales promotion E. massive shifts in pricing strategies
brand community
The primary purpose of _________ websites is to do more than just sell products or move them closer to a direct purchase. A.informational B. interactive websites C. marketing D. social marketing E. brand community
transaction-oriented
The seven-step selling process takes a __________ approach to selling. In other words, its aim is to help salespeople close a specific sale with a customer. A. customer-oriented B. relationship-oriented C. transaction-oriented D. value-oriented E. profit-oriented
workload
To set its sales force size, a company can first group accounts into different classes according to size, account status, or other factors related to the amount of effort required to maintain the account. It then determines the number of salespeople needed to call on each class of accounts the desired number of times. This is called the ______ approach. A. workforce B. field C. workload D. complex E. inside
To help move consumers through the buying process
What is the goal of advertising? A. To define a product's value B. To help move consumers through the buying process C. To create consumer communities D. To create interest and consumer hype E. To provide feedback on products and services
The number of intermediary levels in the channel
Which of the following indicates the length of a channel? A. The number of retailers in the channel B. The number of final consumers in the channel C. The number of intermediary levels in the channel D. The number of wholesalers in the channel E. The number of producers in the channel
The best salespeople are the ones who work closely with customers for mutual gain.
What characteristics are possessed by the best salespeople? A. The best salespeople make a sale and then move on. B. The best salespeople are the ones who work closely with customers for mutual gain. C. The best salespeople consistently exceed their sales goals. D. The best salespeople are excellent at proposals and quotes. E. The best salespeople are highly educated.
Widespread adoption of mobile devices
What event or circumstance has made mobile marketing a must for most brands? A. Widespread use of mobile devices by preteens B. Heavy use of mobile devices in international markets C. Unlimited consumer data plans D. Widespread adoption of mobile devices E. The decline of traditional marketing forms
A communications hodgepodge for consumers
What potential risk do marketers incur by using richer but more fragmented media and promotional mixes? A. The inability to use mass and traditional media B. Mixed communications messaging and higher costs C. Greater efficiency but less control over marketing messaging D. Better targeting but at a higher cost per consumer E. A communications hodgepodge for consumers
targeted levels of customer service
When setting marketing channel objectives, companies should state the objective in terms of ______. A. targeted levels of customer service B. the length of the channel C. expected profitability D. competitors' objectives E. exclusive distribution arrangements
the responsibilities of channel members
When the company has defined its channel objectives, it should next identify its major channel alternatives in terms of the types of intermediaries, the number of intermediaries, and __________________. A. whether to use intensive or exclusive distribution B. consumer needs C. economic criteria D. the profitability of the channel E. the responsibilities of channel members
Rebates
Which consumer promotion tool is like coupons, except that the price reduction occurs after the purchase rather than at the retail outlet? A. Samples B. Rebates C. Digital coupons D. Premiums E. Contests
Direct and digital marketing
Which form of marketing involves engaging directly with carefully targeted individual consumers and customer communities to both obtain an immediate response and build lasting customer relationships? A. Advertising B. Sales promotion C. Personal selling D. Direct and digital marketing E. Public relations
Marketing mix
Which of the following accurately describes a company's efforts to engage customers, persuasively communicate customer value, and build customer relationships? A. Advertising and public relations mix B. Direct and digital marketing mix C. Promotion mix D. Marketing mix E. Personal and direct selling mix
To be meaningful, to be believable, and to be distinctive
Which of the following accurately represents the three characteristics of advertising appeals? A. To be meaningful, to be believable, and to be distinctive B. To be meaningful, to be believable, and to generate revenue C. To be believable, to be distinctive, and to be ethical D. To be meaningful, to be believable, and to be memorable E. To be meaningful, to be distinctive, and to use persuasive claims
Discounts, free goods, allowances, and free advertising specialty items
Which of the following are common trade promotion tools? A. Rebates, discounts, free goods, and allowances B. Discounts, free goods, coupons, and rebates C. Rebates, samples, coupons, and price packs D. Discounts, free goods, allowances, and price packs E. Discounts, free goods, allowances, and free advertising specialty items
Business promotions
Which of the following are used to generate business leads, stimulate purchases, reward customers, and motivate salespeople? A. Business promotions B. Consumer promotions C. Trade promotions D. Clutter promotions E. Sales force promotions
Channel levels
Which of the following describes layers of intermediaries performing some of the work to bring the product and its ownership closer to the final buyer? A. Marketing channels B. Value delivery networks C. Supply chains D. Networking contacts E. Channel levels
Retailing
Which of the following describes the activities that play an important role in connecting brands to consumers in the final phases of the buying process? A. Wholesaling B. Shopper marketing C. Retailing D. Manufacturing E. Warehousing
Social e-tailing
Which of the following does NOT represent one of the major trends and developments in retailing? A. Growing importance of retail technology B. Retail convergence C. A surge in green retailing D. The rise of megaretailers E. Social e-tailing
They shift easily across online and in-store channels.
Which of the following is TRUE regarding omni-channel buyers? A. They prefer the online environment. B. They do not shift easily across online and in-store channels. C. They shift easily across online and in-store channels. D. They purchase online but tend to purchase more in-store. E. They always shop in-store channels, then order online.
Marketing channel members are able to transform the assortments of products made by producers into the assortments wanted by consumers.
Which of the following is a reason that producers use marketing channels and channel intermediaries? A. The reduced costs of using channel intermediaries offsets the inefficiencies of marketing channels. B. Using channel intermediaries increases the number of contacts with customers. C. Marketing channel decisions only require a short-term commitment. D. Using marketing channels allows producers to retain control over how and to whom they sell their products. E. Marketing channel members are able to transform the assortments of products made by producers into the assortments wanted by consumers.
New digital and the more traditional forms of direct marketing must be blended and integrated
Which of the following is correct regarding the forms of direct and digital marketing? A. Traditional direct marketing tools are still used but are no longer important. B. Direct and digital marketing does not include mobile marketing. C. New digital and the more traditional forms of direct marketing must be blended and integrated D. Marketers today only use direct and digital marketing. E. Online marketing is the only form of direct and digital marketing.
Search advertising
Which of the following is described as "always on" and is a large component of the digital advertising mix? A. Email marketing B. Through fund-raising C. Online videos D. Branded web communities E. Search advertising
mobile marketing
Which of the following is used to engage customers anywhere, anytime during the buying and relationship-building processes? A. mobile marketing B. online advertising C. permission-based e-mail marketing D. branded web communities E. blogs
Product and services assortment, price, promotion, and location
Which of the following makes up the retail marketing mix? A. Product and services assortment, price, promotion, and retail targeting B. Product and services assortment, price, promotion, and location C. Product and services assortment, prices, promotion, and store positioning D. Product and services assortment, price, promotion, and retail segmentation E. Product and services assortment, price, promotion and store differentiation
Integrated supply chain management
Which of the following recognizes that improved logistics mandates teamwork across the company and the entire supply chain? A. Just-in-time logistics management B. Logistics information management C. Electronic data exchange D. Integrated supply chain management E. Reverse logistics management
Online marketing, social media marketing, and mobile marketing
Which of the following represent the newer tools of digital direct marketing? A. Direct-response TV marketing, telemarketing, and direct-mail marketing B. Online marketing, social media marketing, and mobile marketing C. Telemarketing, face-to-face selling, and kiosk marketing D. Kiosk marketing, telemarketing, and direct-response TV marketing E. Telemarketing, direct-mail marketing, and catalog marketing
Corporate chains, voluntary chains, retailer cooperatives, and franchise organizations
Which of the following represents the four major classifications of retail organizations? A. Corporate chains, voluntary chains, retailer cooperatives, and franchise organizations B. Corporate chains, voluntary chains, retailer cooperatives, and wholesalers C. Corporate chains, voluntary chains, wholesalers, and franchise organizations D. Discount stores, service retailers, superstores, and supermarkets E. Corporate chains, wholesalers, superstores, and franchise organizations
Retail convergence
Which of the following retail trends is making differentiation more difficult? A. Retail convergence B. Omni-channel retailing C. Value-seeking consumers D. The demise of brick-and-mortar retail E. Retail global expansion
Blogs can be difficult for the company to control
Which of the following statements about blogs is correct? A. Companies cannot gain insights from their blogs. B. Blogs can be difficult for the company to control. C. They are expensive to start and maintain. D. Blogs are a company-controlled medium. E. For consumers, they are impersonal.
Salespeople are often the only direct contact with a customer.
Which of the following statements about personal selling is correct? A. Salespeople represent the company to customers, but they do not represent customers to the company. B. Salespeople are often the only direct contact with a customer. C. Personal selling is the nonpersonal arm of the promotional mix. D. Personal selling is a fairly new profession. E. The role of personal selling is very consistent from company to company.
The lines between advertising and public relations are becoming more blurred.
Which of the following statements about public relations is correct? A. Public relations is only used to promote products. B. The lines between advertising and public relations are becoming more blurred. C. Trade associations do not use public relations. D. The impact of public relations on public awareness comes at a much higher cost than advertising. E. Public relations cannot be used to engage consumers
Retailers identify three critical factors for retail success: location, location, and location.
Which of the following statements about retailer marketing decisions is correct? A. Retailers do not differentiate themselves on their service mix. B. Retailers identify three critical factors for retail success: location, location, and location. C. Stores do not need to differentiate and position themselves. D. Retailers do not have to segment and target their markets. E. Most retailers seek either high markups on higher volume or low markups on lower volume
The heavy use of sales promotions has resulted in promotion clutter.
Which of the following statements about sales promotions is correct? A. The use of sales promotions has declined in recent years. B. The heavy use of sales promotions has resulted in promotion clutter. C. Companies that use sales promotions usually do not use any other promotional mix tools. D. Sales promotions offer long-term incentives to buy a product. E. Sales promotions are only offered to consumers
PR should be blended smoothly with promotion activities.
Which of the following statements is TRUE about public relations and a company's overall integrated marketing communications efforts? A. PR should have a separate budget from marketing communications. B. PR should be planned first, then advertising second. C. PR should be blended smoothly with promotion activities. D. PR has no value within a social media context. E. PR is now the more dominant media than other forms
Sellers have opportunities to engage in real-time marketing.
Which of the following statements is correct regarding sellers and their use of direct and digital marketing? A. Sellers have opportunities to engage in real-time marketing. B. For sellers, direct and digital marketing are inflexible. C. Sellers using direct and digital marketing cannot ask questions and solicit feedback from customers. D. For sellers, direct and digital marketing are very inefficient. E. For sellers, using direct and digital marketing is expensive.
Merchant wholesalers
Which of the following types of wholesalers are Independently owned businesses that take title to all merchandise handled? A. Rack jobbers B. Industrial distributors C. Merchant wholesalers D. Manufacturers' agents E. Brokers
personal selling
Which of the following uses promotional tools such as presentations, trade shows, and incentive programs to engage customers, make sales, and build customer relationships? A. Direct and digital marketing B. Sales promotion C. Public relations D. Personal selling E. Advertising
Media and message decisions should be closely coordinated.
Which of the statements is TRUE regarding media and message decisions? A. Media and message decisions should be closely coordinated. B. Message decisions are now more important than media decisions. C. Media and message decisions have no relationship to budgeting. D. Media and message decisions have no impact on results. E. Media and message decisions are independent of each other
development
Working with donors or members of nonprofit organizations to gain financial or volunteer support represents which public relations function? A. Lobbying B. Press relations C. Development D. Investor relations E. Public affairs
direct and digital marketing
____ uses tools that engage directly with carefully targeted individual consumers and customer communities to both obtain an immediate response and build lasting customer relationships. A. Sales promotion B. Personal selling C. Advertising D. Public relations E. Direct and digital marketing
Supply chain management
_______________________ entails managing upstream and downstream value-added flows of materials, final goods, and related information among suppliers, the company, resellers, and final consumers. A. Business distribution management B. Wholesaling C. Distribution networks management D. Supply chain management E. Reseller networks
Getting retailers to carry new items and more inventory, buy ahead, or promote the company's products and give them more shelf space
_________________________ are the objectives of trade promotions. A. Boosting consumer brand involvement and short-term buying B. Getting more sales force support for current or new products and getting salespeople to sign up new accounts C. Generating business leads, stimulating purchases, rewarding customers, and motivating salespeople D. Getting retailers to carry new items and more inventory, buy ahead, or promote the company's products and give them more shelf space E. Urging short-term customer buying and gaining customer loyalty
corporate VMS
Sherwin-Williams sells its paint and other branded products exclusively through company-owned retail stores. Sherwin-Williams has established a(n) _________. A. contractual VMS B. conventional distribution channel C. administered VMS D. corporate VMS E. vertical marketing system
A pull strategy
_____________________ direct(s) its marketing activities (primarily advertising, consumer promotion, and direct and digital media) toward final consumers to induce them to buy the product. A. Product communications B. A push strategy C. Integrated communications D. A pull strategy E. Personal selling
Experiential retailing
_____________________ is a retailing technique of carefully orchestrating the store's layout and displays, background music, colors, and smells. A. Environmental retailing B. Wholesaling C. Interior design D. Omni-channel retailing E. Experiential retailing
Partner relationship management
_____________________ software systems enable companies to coordinate their whole-channel marketing efforts. A. Distribution B. Channel management C. Logistics D. Partner relationship management E. Customer relationship management
A Subaru dealer complaining that another Subaru dealer is advertising in its territory
_______________________ is an example of horizontal channel conflict. A. A Subaru dealer complaining that another Subaru dealer is advertising in its territory B. A retailer complaining about receiving damaged goods from a wholesaler C. A consumer complaining to a retailer about the service he received D. A consumer complaining to a producer about the quality of a product E. A retailer complaining about a producer's pricing