MKT 571 Week 6 Quiz
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MKT 571 Week 6 Quiz
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1. Which of the following refers to the ability to meet humanity's needs
without harming future generations?
Sustainability
Greenwashing
Ecological footprinting
Scalability
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2. ______ is an obligation to act in a way expected of a reasonable
person.
Reliance
Liability
Litigation
Duty
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3. Your firm has decided to enter the international market with your product called
Trema, a combination of a pocket organizer and cell phone. Even though the
product has been a huge success in the home country, market research suggests
some changes may be required before it can be introduced in Europe. Your CMO is
of the opinion that the product requires certain extra features and the product will
also have to be marketed differently. Your CMO is advocating
dual adaptation
straight extension
forward adaptation
product standardization
4. Cadbury's "Sports for Schools" promotion offered sports and fitness equipment for
schools in exchange for vouchers. The problem was that the public and media saw
a perverse incentive for children to eat more chocolate, a product associated with
obesity. Which of the following best summarizes Cadbury's problem?
Consumers did not value the cause Cadbury was promoting.
Customers felt that the cause was not in sync with the company’s brand image.
Consumers resented being sold an inferior product on the back of a cause-marketing
program.
Customers questioned the link between the product and the cause and saw the firm
as self-serving and exploitive.
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5. A Gucci bag sells for $120 in Italy and $240 in the United States due
to the differences in the costs of distributing the product in the two
countries. This phenomenon is called a(n)
opportunity cost problem
market pricing problem
tactical pricing problem
price escalation problem
6. Marketing effectiveness rating instruments and marketing audits are
approaches to
annual-plan control
profitability control
efficiency control
strategic control
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7. A ________ is a comprehensive, systematic, independent, and
periodic examination of a company's or business unit's marketing
environment, objectives, strategies, and activities, with a view to
determining problem areas and opportunities and recommending a
plan of action to improve the company's marketing performance.
marketing plan
market-based scorecard analysis
marketing audit
marketing metric
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8. Which of the following is true regarding a marketing audit?
It focuses on analysis of those marketing activities that have failed to
produce adequate results.
It focuses on a firm’s macromarketing environment.
It identifies the most-needed improvements and incorporates them
into a corrective-action plan with short- and long-run steps.
It relies on feedback from company managers for data and opinions.
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9. To protect a creative work from being published in any other manner,
a company or author would ____________ the material.
copyright
patent
trademark
freelance
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10. Which characteristic of a marketing audit is described by the
methodical evaluation of the macro- and micromarketing
environments, objectives and strategies, system, and activities?
Independent
Periodic
Comprehensive
Systematic
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11. The marketing audit reviews six components of the overall
marketing arena including the marketing environment, marketing
strategy, marketing organization, marketing systems, marketing
productivity and
marketing mix
marketing control
marketing function
marketing development
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571
12. Which of the following is an example of a distribution metric used
for measuring the performance of marketing plans?
Effective reach
Market share
Customer acquisition
Stock cover in days
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13. The purpose of profitability control is to
evaluate and improve the spending efficiency and impact of
marketing expenditures
examine whether the company is pursuing its best opportunities with
respect to markets, products, and channels
understand the efficiency of the sales force, advertising, sales
promotion, and distribution
examine where the company is making and losing money
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14. A marketing audit is typically best conducted by a(n)
internal department
outside consultant
internal marketing executive
self-audit
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15. ________ is the process by which firms assess the effects of their
marketing activities and programs and make necessary changes
and adjustments.
Marketing implementation
Market watch
Marketing control
Test marketing
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16. Which of the following is likely to be an important trend in
marketing in the future?
Marketing science
Manual marketing
Mass marketing
Marketing intuition
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practitioner participates in illegal action, counsels or guides the illegal
policy, takes part in it, or
uncovers illegal action
imagines illegal policy may occur
cooperates to further illegal action
unknowingly works with a corrupt agency
18. Which of the following is an example of a communication metric
used for measuring the performance of marketing plans?
Trial rate
Sales growth
Response rate
New customer gains
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• 19. Rising customer expectations, evolving employee goals and
ambitions, and tighter government legislation and pressure are
driving companies to
operate flatter organizations
practice a higher level of corporate social responsibility
operate leaner manufacturing facilities
manage shorter supply chains
20. The purpose of strategic control is to
examine whether the company is pursuing its best opportunities with
respect to markets, products, and channels
understand the efficiency of the sales force, advertising, sales
promotion, and distribution
evaluate and improve the spending efficiency and impact of
marketing expenditures
examine where the company is making and losing money
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21. Straight extension of the product means
introducing the product to the foreign market without any changes to
the product
introducing a customized product to the foreign market with existing
marketing strategy
introducing the product to the foreign market with major changes to
the product
introducing a customized product to the foreign market with a new
marketing strategy
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