Question 1: Direct face-to-face communication with existing and potential customers to promote a company's products is called ______________
- personal selling.
- sales promotion.
- targeting.
- advertising.
- public relations.
Question 2: The distribution channel in which independent companies buy the rights to distribute, sell, and service a company's products within a defined geographic area is called:
- company owned or licensed distributors.
- the Internet.
- licensed distributors or dealers.
- independent wholesalers.
- direct distribution.
Question 3: The major impact of the proliferation of communication channels on marketing is:
- the Big Three TV networks have grown much more powerful in recent years.
- it is much easier to reach large groups of people because more people are using all kinds of communication devices.
- it is much cheaper to reach large groups of people due to competition among communication channels.
- it is much more difficult to reach and relate to large groups of people because everyone has many communication options today.
- the increase in communication options has resulted in more product options in all product categories.
Question 4: The practice of conveying messages to the public through the media to influence people's opinions about the company and its products is called ______________
- personal selling.
- price.
- place.
- sales promotion.
- public relations.
Question 5: The development and use of methods and practices to inform people about the value of a company's products and to directly persuade people to buy these products because they can satisfy their needs better than competing products is called:
- marketing.
- customer relationship management.
- product development.
- market research.
- sales.
Question 6: Dell makes computers, then sells them directly to final customers. This is an example of the distribution channel known as:
- retailing.
- using brokers.
- exclusive dealerships.
- manufacturer's agent.
- direct distribution.
Question 7: Although I found a pair of running shoes at Walmart for 25% less than the cost of running shoes at a specialty sporting goods store, I bought the much more expensive shoes because I believe they will better meet my needs. This is an example of:
- relative value.
- absolute value.
- prototyping.
- reverse engineering.
- target pricing.
Question 8: Companies that sell the products of other companies to final customers via an on-line storefront are called______________
- manufacturers.
- brokers.
- dealers.
- virtual retailers.
- wholesalers.
Question 9: All of the following are principal tasks in trade selling EXCEPT:
- educating the customer.
- agreeing on a price.
- setting a delivery date.
- setting up seller financing.
- establishing quality standards.
Question 10: A company identifies eleven different market segments in the MP3 market. Rather than selecting a single segment, it decides to develop a marketing mix that will appeal to four different segments. This is an example of:
- appealing to the mass market.
- multiple segment marketing.
- market differentiation.
- public relating.
- anti-segmenting.