Exam 1: Introduction to Consumer Behavior and Marketing Strategy

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What is the impact of the emergence of the Internet as a marketing tool?

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This change is an opportunity for small companies and entrepreneurs,since the startup costs of marketing products and services are greatly reduced compared with traditional marketing methods.Savvy marketers know that the Internet can be used to communicate vast amounts of information about products and product lines to consumers,to actually sell products and services directly to consumers,and to market to global consumers who could not be reached cost-effectively by traditional marketing methods.They have also recognized that the Internet can be used to conduct marketing research studies and collect other useful information about consumers that can be used to develop effective marketing strategies.

Which are the groups interested in knowledge about consumer behavior?

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Three groups-marketing organizations,government and political organizations,and consumers-use knowledge about consumer behavior and consumer behavior research.

The MOST important factor driving acceptance of the marketing concept was:

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Math modeling and simulation are the primary methods used in the interpretive approach to study consumer behavior.

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Which of the following is NOT true of marketing strategies?

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How does the second group (government and political organizations)impact consumer behavior?

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All of the following statements are true EXCEPT:

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The _____ approach seeks to develop a deep understanding of consumption and its meanings.

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In the past,companies conducted research to investigate new product concepts and to try to understand consumers; this research was continuous and aided in identifying the firm's actual customers.

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Which of the following tools are best used to discover the meanings associated with the purchase/use of products/services?

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Which of the following consumer research approaches seeks to develop theories/methods to explain consumer decision making and behavior?

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How has the marketing concept influenced companies that are successful today?

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Briefly describe the three basic approaches to the study of consumer behavior.Which is best?

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Because _____ are shorter than ever before,many companies have to innovate constantly to create superior value for customers and stay profitable.

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The traditional approach to studying consumer behavior primarily relies upon:

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Much of consumer behavior involves exchanges between buyers (consumers)and sellers (marketers).

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Predicting consumer choice and behavior is the primary objective of the _____ approach.

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Consumer behavior does not include the things in the environment that influence these thoughts,feelings people experience and the actions they perform in consumption processes.

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In the past,consumers received most of their information about products and services from traditional print and media advertising.

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Consumer feelings is the component of consumer behavior that is most difficult to research.

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