Exam 1: Creating Customer Relationships and Value Through Marketing

Mark Zuckerberg encountered unimaginable success with his launch of "TheFacebook.com" website from his college dorm room.By the end of the second week,it had almost __________ members.

A __________ is a need that is shaped by a person's knowledge,culture,and personality.

Which era of U.S.business history does the following statement best describe? "We are in the business of satisfying the needs and wants of consumers while achieving our own goals."

Many companies subscribe to being "green" because they feel that consumers value this.Yet,in many of these same firms,office computers are left on 24 hours a day and office paper is not recycled.This example indicates it is not always easy for firms to act in accordance with the

Imagine you have the sole marketing rights to a new herbal shampoo that stops hair loss and actually causes new hair growth.You plan to sell your product on an Internet website,which you will advertise on late night television.You are also hoping to obtain free publicity to place stories in men's fashion magazines.You are planning to sell online a 15-ounce bottle for $24.99 plus $7.99 shipping and handling.Using the information provided,identify each element of your marketing mix.

Entities such as manufacturers,retailers,and government agencies that buy goods and services for their own use or for resale are referred to as

Shortly after World War II,Sam Jackson developed an idea for a biodegradable lubricant that was superior to anything currently on the market.He was excited about his new idea and persuaded a number of his friends to help produce samples.While demand kept up with production at first,he soon found that he had to hire a sales force to sell excess product to manufacturing companies in the area.He decided this was primarily because his company had several strong competitors that had recently come into the industry.This is an example of marketing behavior that would occur during the __________ era of U.S.business history.

Starbucks,Nike,and Johnson & Johnson provide customer value by providing its customers with the best

All of the following are examples of products or services that satisfy a consumer need EXCEPT:

The Terrafugia Transition is a 19-foot,two-seater road-drivable,light-sport aircraft with an anticipated price of $279,000.The most likely prospective customers for this flying car would include

Explain the marketing program 3M used to reach the office worker segment with its Post-it Flag Pen.

Whether an individual is buying for personal or household use,or an organization is buying for its own use or for resale,the individual or organization would be considered

The four utilities marketing creates are

Which answer reflects (in order)a good,a service,and an idea that can be marketed?

In China,many people are removing their money from the state banks and lending it out themselves.The interest rate earned in a state bank account is about one-half the rate of inflation.On the other hand,loaning money to friends,relatives,and even unrelated entrepreneurs can often earn the investor a rate at least double the inflation rate.The gray market,an underground network of investors and private businesses,moves the cash from lenders to businesses.Did marketing occur here? Explain your answer.

The benefits or customer value received by users of a product is called __________.

The unique combination of benefits received by targeted buyers that includes quality,convenience,on-time delivery,and both before-sale and after-sale service at a specific price is called

The marketing department of an organization is responsible for facilitating __________.

Which of the following is NOT an environmental force?

The cluster of benefits that an organization promises customers to satisfy their needs is referred to as a(n)__________.