Exam 1: Consumer Behavior: Meeting Changes and Challenges

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Successful product positioning centers around two key principles: developing a unique selling proposition,and communicating the ________.

(Multiple Choice)
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AIRLINE MINI CASE: Transatlantic Airlines flies between popular destinations in the US and western Europe, and claims to deliver "a first class experience for every passenger." All ticket purchases are made on-line, and users of the Transatlantic web site must register before they search for flights.Transatlantic uses this information to determine which consumers are generating the most profits for the company, which services they purchase most frequently, and which services they are potentially interested in but are not purchasing.This information is then used to make specific promotional offers to profitable customers in an attempt to retain their business and to expand the range of flight services that they purchase.Transatlantic also uses this information to provide unexpected perks to highly profitable customers, like free upgrades to first class. -In the AIRLINE MINI CASE,Transatlantic Airlines advertises "a first class experience for every passenger." This is Transatlantic's ________.

(Multiple Choice)
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The term consumer behavior describes only the behavior of those who purchase goods and services for their own use.

(True/False)
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Much like traditional advertising,digital technologies allow for two-way interactive exchanges between customers and marketers.

(True/False)
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CAR MINI CASE: In the early 1900s, Henry Ford made a fortune manufacturing Model T cars and selling them cheaply, making the automobile affordable for a much larger proportion of the population than had previously been the case.He accomplished this by producing only one model of car and doing so cheaply and at high volumes through the utilization of assembly line manufacture.In 1923, General Motors decided to increase its market share in the automobile industry by offering, instead of just one model, as Ford did, a variety of affordable mass-produced models to meet the various differing needs of different types of consumers. -In the CAR MINI CASE,Ford's business approach exhibited a ________.

(Multiple Choice)
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The process of dividing a market into subsets of consumers with common needs or characteristics is known as ________.

(Multiple Choice)
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What does the societal marketing concept entail? What is a major reason many marketers do not adhere to the societal marketing concept?

(Essay)
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In the consumer decision making process,the ________ stage influences the consumer's recognition of a product need.

(Multiple Choice)
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Of the four Ps of the marketing mix,promotion includes ________.

(Multiple Choice)
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Purchase behavior and post purchase evaluation are elements of the input stage of the consumer decision-making model.

(True/False)
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In the production concept business model,which of the four elements of the marketing mix is most heavily emphasized?

(Multiple Choice)
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Emerging digital technologies are allowing consumers to have more power than ever before.This means that now,customers ________.

(Multiple Choice)
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The sales orientation arose in response to the expanded capacity that was created during the production era.

(True/False)
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The three distinct but interlocking steps of the consumer decision making process are ________.

(Multiple Choice)
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Perceived value is relative and objective.

(True/False)
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________ is the foundation for maintaining a long standing relationship with customers,and it helps to increase the chances that customers will remain loyal.

(Multiple Choice)
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"Me too" products are ________.

(Multiple Choice)
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Which of the following consumers is likely to receive the most attention and customer support from the manufacturer,retailer,or service provider in question?

(Multiple Choice)
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The term "consumer behavior" describes two different kinds of consumers: ________ and ________ consumers.

(Multiple Choice)
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When Gary buys ice cream,he typically buys whichever brand is on sale that week.With regard to ice cream,Gary is best described as a(n)________.

(Multiple Choice)
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