Exam 1: Marketing: Creating and Capturing Customer Value

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The ultimate aim of customer relationship management is to produce ________.

(Short Answer)
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Today,almost every company,large or small,is touched in some way by global competition.

(True/False)
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You have just taken a new position in an organization and you're learning about the job functions of your new colleagues.You observe that your marketing manager is heavily involved in the process of building and maintaining profitable customer relationships.Your marketing manager frequently speaks about the need to deliver superior customer value and satisfaction.Your manager is concerned with which one of the following?

(Multiple Choice)
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Which concept calls for aggressive selling and focuses on creating sales transactions rather than on building long-term customer relationships?

(Multiple Choice)
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In recent years,marketing also has become a major part of the strategies of many not-for-profit organizations.

(True/False)
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Which of the following is currently the fastest-growing form of marketing?

(Multiple Choice)
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How is marketing being applied in the not-for-profit sector?

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The changing communications environment caused by the new technologies does not affect how companies and brands relate to customers.

(True/False)
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What determines whether sellers create basic relationships or full partnerships with customers?

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Consumer-generated marketing,whether invited by marketers or not,has become a significant marketing force.

(True/False)
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Explain why electronics and pharmaceuticals manufacturers may use customer-driven marketing.

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Which of the following marketing management orientations focuses primarily on improving production and distribution efficiency?

(Multiple Choice)
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________ is one of the best ways to increase share of customer.

(Short Answer)
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"Build a better mousetrap,the world will beat a path to your door" reflects the ________ concept.

(Short Answer)
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Which of the following is an example of consumer-generated marketing?

(Multiple Choice)
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In nineteenth-century Dublin,Molly Malone sold cockles and mussels while shouting to passersby,"Alive-alive-oh." Was Molly taking an outside-in or inside-out perspective? Explain.

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Which of the following has not contributed to the deeper,more interactive nature of today's customer relationships?

(Multiple Choice)
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In today's more connected world,marketing should be done by ________ employees in an organization.

(Short Answer)
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When sellers become obsessed with their own products and lose sight of the underlying customer needs we say this is ______________.

(Short Answer)
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Greater consumer control means that companies must rely more on marketing by ________ than by ________.

(Short Answer)
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