Exam 1: Creating Customer Relationships and Value Through Marketing

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Which of the following most directly explains why pharmaceutical giant Pfizer offered low-income senior citizens many of its most widely used prescriptions for $15 each per month?

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Chobani used all of the following tactics to promote its Greek yogurt except which?

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Utility refers to

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A customer value proposition is

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Which of the following is an example of time utility?

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The element of the marketing mix that describes what is exchanged for a product is known as

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The process of turning corn into ethanol shows how BioFuel Energy,a Minnesota ethanol producer,can create ________ utility.

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When a company uses advertising on Instagram,the action is a tactic of the ________ element of the marketing mix.

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Ultimate consumers are

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Which of the following statements about marketing activities is most accurate?

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In response to a growing interest in healthful,simple products among consumers,Chobani introduced

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Define needs and wants.Can marketing shape a person's wants? Explain your answer.

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Explain Chobani's product strategy that makes Chobani yogurt different from its principal competitors.

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List the five environmental forces in a marketing decision that generally are outside the control of marketing managers.

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

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The ________ department of an organization is responsible for facilitating relationships,partnerships,and alliances with the organization's customers,shareholders,suppliers,and other organizations.

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A good,service,or idea consisting of a bundle of tangible and intangible attributes that satisfies consumers' needs and is received in exchange for money or something else of value is known as

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Explain what is meant by the concept of marketing utility.Identify and describe the four utilities created by marketing.

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An inventor designs a scissors that has interchangeable blades that allow the user to switch from straight cuts to decorative cuts.Identify two possible target markets and explain your answer.

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Which of the following is an example of possession utility?

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