Marketing in the 21st Century - Chapter 2 Practice Quiz

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Practice Quiz for Marketing in the 21st Century
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Test por cdimock, actualizado hace más de 1 año
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Resumen del Recurso

Pregunta 1

Pregunta
Which of the following is not a factor primarily con- trolled by top management?
Respuesta
  • Advertising strategy
  • Line of business
  • Role of marketing
  • Overall objectives

Pregunta 2

Pregunta
When it is considered important by a firm, marketing is
Respuesta
  • equated with sales.
  • given staff status.
  • heavily involved in consumer research.
  • controlled by a production vice-president.

Pregunta 3

Pregunta
In selecting a target market, marketers usually
Respuesta
  • engage in market segmentation.
  • ignore competitors.
  • control the marketing plan.
  • determine the marketing mix.

Pregunta 4

Pregunta
Which of the following is not a form of marketing organization?
Respuesta
  • Coordinated
  • Functional
  • Product-oriented
  • Market-oriented

Pregunta 5

Pregunta
Product, price, promotion, and distribution decisions are components of the
Respuesta
  • marketing philosophy.
  • marketing protocol.
  • marketing mix.
  • marketing organization.

Pregunta 6

Pregunta
Whether to sell via intermediaries or directly to con- sumers, how many outlets to sell through, and wheth- er to control or cooperate with other channel members are examples of decisions marketers must make about
Respuesta
  • selling.
  • production.
  • distribution.
  • price.

Pregunta 7

Pregunta
The most effective approach to the uncontrollable fac- tors in the marketing environment is
Respuesta
  • constantly reorganizing the marketing organization.
  • product innovation.
  • insulating the marketing plan from them.
  • continuous monitoring of their effects.

Pregunta 8

Pregunta
In a monopoly, one firm
Respuesta
  • finds that consumer demand is quite elastic.
  • seeks to engage in price wars.
  • has no control over price because merchandise is standardized.
  • has a lot of control over the marketing plan.

Pregunta 9

Pregunta
Where a few large firms comprise most of an industry’s sales, the competitive structure is best described as
Respuesta
  • monopolistic competition.
  • monopoly.
  • oligopoly.
  • competitive monopoly.

Pregunta 10

Pregunta
A firm has the least control over its pricing strategy in
Respuesta
  • monopolistic competition.
  • pure competition.
  • oligopoly.
  • monopoly.

Pregunta 11

Pregunta
Which of these statements is not correct?
Respuesta
  • It is necessary to study the competitive strategies of other firms.
  • There is now a trend toward larger firms.
  • Pure competition occurs much less often than does monopolistic competition.
  • Foreign competitors now play a declining role in many industries.

Pregunta 12

Pregunta
When a firm defines its competition in generic terms, it
Respuesta
  • focuses on patent expiration dates.
  • analyzes the competitive structure within a specific industry.
  • looks at competition as broadly as possible.
  • examines its existing channel partners.

Pregunta 13

Pregunta
Which type of competition most closely resembles generic competition?
Respuesta
  • Intermodal competition
  • Bimodal competition
  • Direct competition
  • Indirect competition

Pregunta 14

Pregunta
Which statement about technology is true?
Respuesta
  • Small firms can control the technological advances that affect them.
  • Technology cannot reduce the impact of resource shortages.
  • Loss of patent protection decreases competition.
  • Patents provide exclusive rights to sell new prod- ucts for virtually limited time periods.

Pregunta 15

Pregunta
To attain its objectives, a firm is well advised to
Respuesta
  • acquire feedback from the environment.
  • maintain its existing strategies at all costs.
  • ignore uncontrollable factors.
  • bypass the independent media entirely.
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