Exam 11: Database and Direct Response Marketing

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Direct response advertising on mass media by pharmaceuticals prompted almost one-third of Americans to ask their doctors about the advertised brand of medicine.

(True/False)
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In coding data using RFM analysis,a value of "5" for the "M" would indicate:

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In using RFM codes,companies know that recency is the best predictor of future purchases.

(True/False)
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In purchasing a mailing list,a "hot list" is individuals that have responded to a direct mail offer within the last 30 days.

(True/False)
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In terms of online sales,in many cases receiving which of the following is the first step in the buying process?

(Multiple Choice)
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To code data using RFM analysis,the first step is to sort the data by the date of the last purchase and then code the most recent purchase with a 1 and the most distant purchase with a 5.

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Adding geographic codes to customer records to plot them on a map is called:

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Data mining and data coding of a firm's database can help a firm develop more personalized marketing communications and marketing programs.

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Using geocoding,a company's marketing department can add which to each customer's record?

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A company uses lifetime value to segment their customers into five different segments.The marketing approach that should be used for the top segment,which has the highest lifetime value,is:

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The data warehouse holds all of the customer data.

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The least popular form of direct marketing is:

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Data mining is:

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For long-term success in permission marketing programs,customers should feel empowered,which means they have the power to choose the incentive they want to join the permission program.

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Lifetime value is a figure that represents revenues and profits received from a customer throughout the lifetime of a relationship.

(True/False)
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The central key to the many failures of CRM programs was that the CRM program was focused on sales rather than enhancing relationships with customers.

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In a RFM analysis,the R stands for recency,which is the date of the last purchase.

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Record and book clubs that send out monthly mailings of books and records to purchase are using a permissions marketing program.

(True/False)
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Many consumers believe online shopping has replaced catalogs,but research reveals that receiving a catalog is often the first step in the buying cycle for consumers.

(True/False)
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The direct marketing technology that allows for customized printing of material is called:

(Multiple Choice)
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