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Marketers must work in harmony with other company departments to create customer value and relationships.
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Customers are the most important actors in the company's microenvironment.
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A Microenvironment consists of the company → suppliers → marketing intermediaries → customer markets → competitors → publics and then finally → customers
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Physical distribution firms help the company with the design process of their products.
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Marketing services agencies help companies target and promote their product.
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financial intermediaries include banks, credit companies and more.
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"publics" describes any group that has potential interest or impact in an organisations ability to reach their goals.
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large societal forces on Macroenviroment are Demographics, economics, technological, political, cultural and public -sectors.
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Concern for the natural environment has not risen in the past years.
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the cultural "force" is the thought of marketers to behave more like a socially responsible citizen.
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Demographics show the statistics of the different age groups and their spending behaviour.
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Major generational groups include
(more then oner answer)
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Baby Boomers are born between the years following WW2 - 1964
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Generation X people are born in the 20's.
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We can be considered Millenials
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Generation Z are not able to walk yet and are therefore not a valid demographic group.
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Major developments in economic environment include changes in income and distribution of customer spending
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Natural environment: all resources are made chemically.
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Technological environment: forces that prevent companies from creating new products or technologies.
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Political environment: Laws and other groups that influence and limit various organizations
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Core beliefs and values are highly persistent while secondary beliefs and values are rather open for change.
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the cultural environment overall includes everything about moral behaviour.
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Marketing information by itself has little value.
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Customer insights: fresh understanding of customers
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MIS (Marketing Information System) helps by assessing the informations that are needed an developing said need information in order to generate and validate customer and market insights.
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MIS have to be effectively built in order to receive the right information at the right time to build customer value and stronger customer relationships.
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Developing needed Information include
(more than 1 answer)
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internal databases
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marketing intelligence
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customer insights
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spending behaviour
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age groups
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marketing research
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The marketing environment consists of Target marketers, marketing channels, competitors, publics and macroenvironment forces
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assessing marketing information needs include a balance between value of insights and costs
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Internal databases are electronic collections of consumer and market information obtained by external companies.
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competitive marketing intelligence: systematic collection and analysis of publicly available information about consumers, competitors and developments in the marketing environment.
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Marketing research is not relevant to a specific marketing situation
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The Marketing research Process consists of [blank_start]defining[blank_end] the problem, [blank_start]developing[blank_end] the research plan, implementing the [blank_start]research[blank_end] plan, interpreting and reporting the [blank_start]findings[blank_end].
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defining
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creating
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drawing
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defining
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developing
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colouring
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research
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schmesearch
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wesearche
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findings
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quantitive goods
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customers
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Exploratory research is
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marketing research to preliminary information that will help define problems and suggest hypotheses.
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Marketing research to better describe marketing problems, situation or markets, such as the market potential for a product or the demographics and attitudes of consumers.
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Descriptive research:
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Marketing research to better describe marketing problems, situations, or markets, such as the market potential for a product or the demographics and attitudes of consumers.
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Marketing research to gather preliminary information that will help define the problems and suggest hypotheses.
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Marketing research to test hypotheses about cause-and-effect relationships.
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Marketing research to better describe marketing problems, situations, or markets, such as the market potential for a product or the demographics and attitudes of consumers.
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The Research Plan obtains data by going on the streets and do surveys.
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secondary data is new data that has been discovered.
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primary data is collected for a specific purpose.
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contact methods include
(more than 1)
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mail
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online
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personal
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telephone
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research approaches are
(more than 1)
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Questionnaire is a research instrument.
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survey researches gather data by observing relevant people, actions and situations.
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observational researches gather data by asking people questions about they knowledge, attitude, preferences and buying behaviour.
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experimental research gathers information by selecting groups of randomly assigned subjects, making them do something and testing their reactions.
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online marketing collects data by internet survey or tracking consumers online behaviour.
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behavioral targeting uses factors like state, income and family status.
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a sample is representative for the whole population.
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Three decisions are important for sample and sampling plan. Which ones?
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sampling unit, sample size, sampling procedure
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sampling customers, sampling unit, sampling reactions
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sampling reactions, sampling food, sampling actions
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There are two types of samples.
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questionnaires are flexible and ask open-ended and closed-ended questions. wording and ordering is crucial for the development of measures instruments.
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3 Steps:
→Implementing the research plan
→Interpretation of findings
→report to management
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CRM (customer relationship management) manages detailed informations about individuals and then carefully manages customer touch points in order to maximize customer loyalty.
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Scarcity bedeutet Knappheit.
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a big issue with international marketing research is that there are to many secondary data informations
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people in different countries show different attitudes toward being researched.
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cultural differences are no problem when collecting data for international marketing research purposes.
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Ethics are not important in Marketing research.
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REVIEW QUESTIONS (1):
Cultural core beliefs and values are more open to change than secondary beliefs and values.
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REVIEW QUESTIONS (2):
Explortory marketing research typically gathers preliminary information that will help define problems and suggest hypotheses.
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REVIEW QUESTIONS (3):
Telephone as a contact method in marketing research has a very high response rate, but the control of the sample is considered very poor.
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REVIEW QUESTIONS (4):
In a simple random sample, every member of the population has a known and equal chance of selection.
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Considering this table, the most efficient contact method would be online.