Deck 1: Creating Customer Relationships and Value Through Marketing

Question 1

Marketing refers to

A)the production of products or services that will generate the highest return on investment.
B)the strategies used in the advertising and promotion of products and services to customers around the globe.
C)the process of identifying target market segments for a product or service.
D)the activity involved in getting a product or service from the manufacturer to ultimate consumers and organizational buyers.
E)the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

Answer 1

E

Question 2

The activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large is referred to as

A)manufacturing.
B)advertising.
C)marketing.
D)selling.
E)promotion.

Answer 2

C

Question 3

Marketing seeks to discover the needs and wants of prospective customers and satisfy them. Essential to this process is the idea of exchange, which refers to

A)the trade of things of value between buyer and seller so that each is better off after the trade.
B)the negotiation phase between the manufacturer and the seller.
C)the financial remuneration (monetary payment) for a product or service.
D)the transport of tangible goods to new owners.
E)the practice of swapping products and services for other products and services rather than for money.

Answer 3

A

Question 4

All of the following are marketing mix strategies that Chobani has used to sell its yogurt except

A)sponsor U.S. Olympic and Paralympic teams.
B)price the Chobani yogurt line below its major competitors (Yoplait and Dannon) to increase sales and market share.
C)use Facebook, YouTube, and other social media to promote Chobani yogurt.
D)rely on word of mouth to reach new customers.
E)air a Super Bowl commercial featuring a "yogurt bear."

Question 5

A student wants to buy a smartphone so she can share pictures with her friends. An insurance claims adjuster wants to buy a smartphone to document accidents (take pictures, write a report, etc.). If they both purchase the same model smartphone, such as an Apple iPhone, which statement is most accurate?

A)The adjuster is a prospective customer because the smartphone will be used for work; the student is only a secondary user since the purpose of the smartphone is just for entertainment.
B)Both the adjuster and the student are potential customers because in their own way, they both benefit from the smartphone.
C)Neither the adjuster nor the student is a prospective customer since the company will pay for the adjuster's smartphone and the student's parents will pay for hers.
D)The student is the prospective customer since there are more students buying smartphones for personal use than there are insurance adjusters buying smartphones for business use.
E)Only a person who has bought a smartphone previously is a prospective customer because only previous owners of smartphones benefit from buying new ones.

Question 6

A church put advertisements in its weekly bulletins to encourage its members to participate in the services by telling a brief, positive story about how fellow members have helped them during times of need. Jack volunteered and shared his story during a service. Afterward, he felt joyous. Was this an exchange in a marketing sense?

A)Yes, because the church ran an advertisement, a marketing activity.
B)No, because the church is nonprofit organization and these actions are expected without any expectation of "exchange."
C)No, because no money was exchanged.
D)Yes, because sharing his story at a service was exchanged for a feeling of joy.
E)No, because the church did not provide Jack with a tangible product or service.

Question 7

Mark Zuckerberg is a co-founder of the social networking website called

A)Pinterest.
B)Groupon.
C)LinkedIn.
D)Facebook.
E)Twitter.

Question 8

Mark Zuckerberg encountered unimaginable success with his launch of "TheFacebook.com" website from his college dorm room. By the second week, it had almost __________ members.

A)100
B)300
C)500
D)1,000
E)5,000

Question 9

Whether an individual is buying for personal or household use, or an organization is buying for its own use or for resale, the individual or organization would be considered

A)a prospective customer.
B)a dual-purpose marketing decision maker.
C)a potential distributor.
D)an informed buyer.
E)an end user.

Question 10

Where did Hamdi Ulukaya, the creator of Chobani, Inc., want to place Chobani yogurt?

A)in organic foods section of major grocery store chains
B)in warehouse club stores like Sam's Club or Costco
C)in the dairy case of major grocery store chains
D)in mass merchandise stores like Target
E)in independent organic cooperatives, farmer's markets, and major organic grocery stores like Whole Foods or Sprouts

Question 11

Initially, Facebook targeted which consumer market segment?

A)grade school children ages 6 to 12 years old
B)high school students
C)college students
D)adults with professional occupations
E)senior adults 55 years and older

Question 12

In response to a growing interest in healthful, nutritious, organic products, Chobani created

A)an Italian-style ragù sauce.
B)a Turkish-style cottage cheese.
C)a French-style butter.
D)a Greek-style yogurt.
E)an Asian-style teriyaki sauce.

Question 13

All of the following are true about marketing except

A)marketing is a broader activity than advertising.
B)marketing stresses the importance of delivering genuine benefits in the offerings of goods, services, and ideas sold to customers.
C)marketing persuades people to buy the "wrong" things.
D)when an organization engages in marketing, it should also create value for its partners and society.
E)marketing is a broader activity than personal selling.

Question 14

Which of the following statements about marketing is most accurate?

A)Unless you take a marketing class, you will never truly know anything about marketing.
B)Marketing is nothing more than common sense.
C)Marketing requires an innate sense of creativity; you either have it or you don't.
D)You can call yourself a marketing expert only if you have sold something.
E)You are already a marketing expert as you make marketing-related decisions every day.

Question 15

To serve both buyers and sellers, marketing seeks to discover and __________ the needs and wants of prospective customers.

A)change
B)satisfy
C)create
D)manipulate
E)preserve

Question 16

The Terrafugia Transition is a 19-foot, two-seater, road-drivable, light-sport aircraft with an anticipated price of $279,000. The most likely prospective customers for this flying car would include

A)students who attend college at least 500 miles away from home.
B)retired seniors receiving Social Security.
C)executives for whom time is extremely important.
D)teens who like to try new things.
E)families in need of a second vehicle.

Question 17

The American Red Cross creates advertisements to encourage people to donate blood. After viewing one, Amanda decided to donate a pint of blood. After she did, Amanda felt happy that she had performed a good deed. Did an exchange occur in a marketing sense?

A)Yes, because the blood was donated to the Red Cross based on an advertisement, a marketing activity.
B)Yes, because the donated blood was exchanged for a feeling of satisfaction.
C)No, because the Red Cross is nonprofit organization.
D)No, because no money changed hands.
E)No, because the Red Cross, a service organization, did not provide Amanda with a product.

Question 18

To serve both buyers and sellers, marketing seeks to __________ and satisfy the needs and wants of prospective customers.

A)change
B)create
C)manipulate
D)discover
E)measure

Question 19

The trade of things of value between buyer and seller so that each is better off after the trade is referred to as __________.

A)financial remuneration
B)exchange
C)countertrade
D)barter
E)marketing

Question 20

In marketing, the idea of exchange refers to

A)the negotiation phase between the manufacturer and the seller.
B)the financial remuneration (monetary payment) for a product or service.
C)the trade of things of value between buyer and seller so that each is better off after the trade.
D)the bartering of products and services between nongovernmental organizations or individuals.
E)the practice of swapping products and services for other products and services rather than for money.

Question 21

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

A)Marketing is affected by society but rarely, if ever, affects society as a whole.
B)The marketing department works closely with other departments and employees to help implement an organization's marketing activities.
C)Marketing activities are the sole responsibility of the marketing department; other departments are involved only if there is an emergency (such as a product recall).
D)Environmental forces do not affect marketing activities as long as a firm closely monitors its environment through rigorous market research.
E)Marketing is essentially developing the right product and convincing potential customers that they "need" it, not just "want" it.

Question 22

All of the following are environmental forces that affect an organization except

A)economic.
B)geographical.
C)social.
D)regulatory.
E)technological.

Question 23

The marketing department of an organization is responsible for facilitating

A)relationships, partnerships, and alliances with the organization's customers, shareholders, suppliers, and other organizations.
B)healthy competition with other product manufacturers.
C)financial contracts with banks and other lending institutions.
D)alliances with firms with noncompetitive products that target similar markets.
E)the coordination between the various departments within the entire firm.

Question 24

All of the following are factors required for marketing to occur except

A)a desire and ability on the part of two or more parties (individuals or organizations) to be satisfied.
B)something to exchange between two or more parties (individuals or organizations).
C)two or more parties (individuals or organizations) with the same wants.
D)two or more parties (individuals or organizations) with unsatisfied needs.
E)a way for the parties (individuals or organizations) to communicate.

Question 25

Four factors are required for marketing to occur: (1) two or more parties (individuals or organizations) with unsatisfied needs; (2) a desire and ability on their part to be satisfied; (3) a way for the parties to communicate; and (4) __________.

A)an affordable and actionable advertising campaign
B)something to exchange
C)a healthy competitive environment
D)government approval
E)an ability to see hidden potential within an environmental force

Question 26

All of the following are departments within a typical organization except

A)finance.
B)manufacturing.
C)information systems.
D)human resources.
E)suppliers.

Question 27

Four factors are required for marketing to occur: (1) __________; (2) a desire and ability of parties to be satisfied; (3) a way for the parties to communicate; and (4) something to exchange.

A)a healthy competitive environment
B)an affordable and actionable advertising campaign
C)a sense of social responsibility
D)an ability to see hidden potential within an environmental force
E)two or more parties (individuals or organizations) with unsatisfied needs

Question 28

An organization's marketing department relates to

A)satisfying primarily consumer needs.
B)many people, organizations, and forces.
C)the needs and wants mostly of shareholders.
D)customers before other entities.
E)other internal departments.

Question 29

A typical marketing department both shapes and ____________ its relationship with internal and external groups.

A)is shaped by
B)organizes
C)motivates
D)determines
E)dominates

Question 30

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

A)Marketing is affected by society but rarely, if ever, affects society as a whole.
B)The marketing department works closely with other departments and employees to implement marketing activities.
C)Marketing activities are the sole responsibility of the marketing department; other departments are involved only if there is an emergency (such as a product recall).
D)Environmental forces do not affect marketing activities as long as a firm closely monitors its environment through rigorous market research.
E)Marketing, after all is said and done, is essentially developing the right product and convincing potential customers that they "need" it, not just "want" it.

Question 31

Four factors are required for marketing to occur: (1) two or more parties (individuals or organizations) with unsatisfied needs; (2) __________; (3) a way for the parties to communicate; and (4) something to exchange.

A)a healthy competitive environment
B)government approval
C)an affordable and actionable advertising campaign
D)a desire and ability on their part to be satisfied
E)an ability to see hidden potential within an environmental force

Question 32

________________ is/are responsible for establishing the organization's mission and objectives.

A)Other organizations
B)Suppliers
C)Customers
D)Senior management
E)Shareholders

Question 33

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

A)The marketing department should work solely with people within its own department.
B)The marketing department should suggest where a firm should invest its money based on its knowledge of the market and environmental forces.
C)The marketing department is only responsible for the four Ps, not the seven Ps.
D)The marketing department is only responsible for market research, supervision of product development, and product promotion.
E)The marketing department must work closely with other departments and employees to help provide the customer-satisfying products required for the organization to survive and prosper.

Question 34

A local college of business offers an outstanding graduate business school education program. Marissa pays the tuition to attend and earns her MBA with a concentration in marketing management. Upon graduating, she is offered a high-paying, fulfilling position. Was this a marketing exchange?

A)No, because the university earned a profit from Marissa's tuition.
B)No, because money was exchanged in the form of tuition and Marissa's income will come from her employer, not the graduate school.
C)No, because the school did not provide Marissa with a tangible product, only the potential of an education.
D)Yes, because the university promised Marissa she would graduate on time, and she did.
E)Yes, because paying tuition was exchanged for knowledge that directly led to Marissa's high-paying, fulfilling new job.

Question 35

Which of the following conditions are necessary for marketing to occur?

A)a changing environment, a method of assessing needs, a way to communicate, and an exchange location
B)parties with cash or credit, a product, a reasonable price, and a place to make an exchange
C)a quality product, a fair price, a clever method of promotion, and a place where a customer can buy the product
D)two or more parties with unsatisfied needs, a desire and an ability to satisfy them, a way to communicate, and something to exchange
E)an ability to see a trend within an environmental force, a product, and an affordable and actionable advertising campaign

Question 36

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

A)purchasing
B)marketing
C)human resources
D)accounting
E)information systems

Question 37

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

A)Marketing is affected by society but rarely, if ever, affects society as a whole.
B)The marketing department both shapes and is shaped by its relationship with internal and external groups.
C)Marketing activities are the sole responsibility of the marketing department; other departments are involved only if there is an emergency (such as a product recall).
D)Environmental forces do not affect marketing activities as long as a firm closely monitors its environment through rigorous market research.
E)Marketing is essentially developing the right product and convincing potential customers that they "need" it, not just "want" it.

Question 38

Which of the following is not an environmental force?

A)economic
B)regulatory
C)social
D)commercial
E)technological

Question 39

Although an organization's marketing activity focuses on assessing and satisfying consumer needs, an organization must also _______________ the interests of countless other people, groups, and forces that interact to shape the nature of its actions.

A)resist
B)strike a balance among
C)maximize
D)be responsible for
E)minimize

Question 40

Four factors are required for marketing to occur: (1) two or more parties (individuals or organizations) with unsatisfied needs; (2) a desire and ability on their part to be satisfied; (3) __________; and (4) something to exchange.

A)a way for the parties to communicate
B)a healthy competitive environment
C)an affordable and actionable advertising campaign
D)a sense of social responsibility
E)an ability to see hidden potential within an environmental force

Question 41

A local candidate running for office would very much like to have your vote. She promises that she will "make the country better." Because all candidates for public office say this, you doubt you'll see real results and decide not to vote for her. Marketing will not occur in this situation because

A)marketing doesn't apply to the voting process.
B)the desire and ability to satisfy needs is missing.
C)there is no direct way for the parties to communicate.
D)something to exchange is missing.
E)there is only one party involved in this situation.

Question 42

A farmhand would like to buy a moped scooter to commute to his job at a nearby ranch. He doesn't know how to find a dealer though, and doesn't have Internet access. Which of the following reasons explain why marketing fails to occur here?

A)There are not two or more parties with unsatisfied needs.
B)A desire to satisfy a need is missing.
C)No assessments of consumer wants and needs have been made.
D)There is no way for the parties involved to communicate.
E)The ability to satisfy a need is missing.

Question 43

Which of the following products failed in the marketplace because of perceived limited usefulness for consumers?

A)Life is Good T-shirts
B)Apple Newton
C)Bell bicycle helmets
D)3M Post-it Flag+Highlighter
E)Dr. Care toothpaste

Question 44

A want is a ____ that is shaped by a person's knowledge, culture, and personality.

A)desire
B)need
C)utility
D)demand
E)craving

Question 45

Showstoppers refer to

A)creative or innovative members of a marketing team.
B)unexpected alternative uses for a product that result in a sudden increase in sales.
C)factors that might doom a product in the marketplace.
D)a sudden loss of financial backing even though the item is in production.
E)a situation when a competitor's product suddenly beats a firm's new product to the marketplace.

Question 46

The founders of StuffDOT, a social e-commerce site that seeks to reward consumers for their online shopping and sharing activity, believe that consumers deserve to share in payments from e-retailers that are generated by referring shoppers to their products. This requires consumers to understand the benefits well enough so that they

A)carefully evaluate their needs rather than their wants.
B)have a chance to spot product problems.
C)change their shopping habits to take advantage of the opportunity.
D)are prepared to share credit card and other details with StuffDOT.
E)evaluate several different products at the same time.

Question 47

If you followed the suggestions of Robert M. McMath, which of the following provides the best advice for a marketer, such as Colgate, when launching a new consumer product, such as toothpaste?

A)Anticipate the future five years out in terms of product form, ingredients, and packaging-to invent the "toothpaste of tomorrow!"
B)Give the product a mysterious name that is unrelated to the product's benefits but instead provokes consumer curiosity.
C)Initiate a Facebook campaign against beverages sweetened with high fructose corn syrup, which can contribute to tooth decay.
D)Create unusual packaging that has special shelving requirements.
E)Study past toothpaste product failures and learn from them.

Question 48

Suppose you want a snack after taking this exam. Dominos is located across the street from your College of Business classroom. Unfortunately, you forgot your wallet in the haste of getting to class on time to take the test. Therefore, you have no means to pay for the pizza. Which of the following reasons explain why marketing fails to occur here between you and Dominos?

A)There are not two or more parties with unsatisfied needs.
B)The ability to satisfy a need is missing.
C)A desire to satisfy a need is missing.
D)No assessments of consumer wants and needs have been made.
E)There is no way for the parties involved to communicate.

Question 49

The Arizona Biltmore in Phoenix is a resort hotel located less than a mile from the Biltmore Fashion Park, a large upscale shopping mall. The hotel wants to promote its proximity to the shopping center as well as its many other amenities to convention-goers from other states. Which of the following marketing actions would most likely help The Arizona Biltmore communicate with potential convention attendees?

A)Place an ad in the in-flight magazines of all the major airlines targeting business/first-class fliers.
B)Send a mass mailing to all local businesses.
C)Set up information kiosks at several locations within the Biltmore Fashion Park.
D)Offer free made-to-order breakfasts for guests staying at the hotel on business.
E)Offer special discount rates to guests coming from the East Coast.

Question 50

Steve wants to eat a Cool Mint Chocolate Clif Bar because, based on his past experience, he knows it will satisfy his hunger

A)desire.
B)need.
C)utility.
D)want.
E)want or a need.

Question 51

A factor that might doom a product in the marketplace is referred to as

A)an albatross.
B)a land mine.
C)a pitfall.
D)a showstopper.
E)a wild card.

Question 52

John receives a coupon on his iPhone advising him about the location of a Domino's Pizza store.

A)This is an example of demonstrating an unmet need
B)This is an example of discovering a consumer need
C)This is an example of the foundation of an exchange relationship
D)This is an example of a way for parties to communicate
E)This is an example of practicing ethics and sustainability

Question 53

Studies of new product launches indicate that about __________ percent of the products fail.

A)33
B)50
C)67
D)75
E)40

Question 54

A student would like to buy a cross-over SUV from a local dealer, but she thinks the payments will be too high. Marketing does not occur in this situation because

A)two or more parties have unsatisfied needs.
B)there is no desire on the part of either party to satisfy its needs.
C)one of the involved parties does not have the ability to satisfy its needs.
D)there is no way for each party to communicate with one another.
E)there has been no assessment of consumer wants and needs.

Question 55

For marketing to occur, there must be two or more parties with unsatisfied needs. Dr. Pepper Snapple Group distributes Country Time lemonade in cans through supermarkets at a price comparable to that of soft drinks. The most likely "second" party needed for marketing to occur would be

A)people who are nostalgic about childhood lemonade stands they had during hot summers.
B)people with a desire for a beverage other than soda or water.
C)product demonstrators who offer samples of Country Time lemonade to shoppers at local supermarkets.
D)a local distributor of alcoholic beverages.
E)a nutritionist promoting the benefits of fresh fruit in people's diets.

Question 56

Marketing discovers consumer needs by

A)implementing a marketing program.
B)conducting effective marketing research.
C)balancing the marketing mix elements-the four Ps of the marketing program.
D)advertising to diverse groups of prospective buyers.
E)copying the products and services of competitors.

Question 57

Domino's Pizza has addressed the first objective in marketing, which is to discover consumers'

A)diversity of opinion to create advertising messages.
B)income to determine the most lucrative price point for a product.
C)lifetime value of an offering to the organization.
D)characteristics that would be useful to segment markets.
E)needs, to create products that could satisfy them.

Question 58

To avoid new-product failure, new-product expert Robert M. McMath suggests

A)implementing a regional rather than a nationwide rollout of a new product.
B)building a hierarchical organizational structure so that more people have a chance to spot product problems.
C)focusing on customer benefits and learning from the past.
D)increasing the marketing budget, since "success comes to those who can outspend the competition."
E)releasing several different versions of a new product at the same time to see which one is most successful.

Question 59

A college student is taking a full course load, working 20 hours per week, and still has to take out a student loan to cover tuition. One day, he sees a classmate driving a new Lexus LFA sports coupe (price: $375,000) and feels he just has to have one for himself. What factor is most likely to prevent a successful marketing exchange between the student and the local Lexus dealer located in an affluent suburb about 20 miles from his university?

A)The local Lexus dealer only has one Lexus LFA sports coupe in stock-red, which is the color he wants.
B)The student does not have the resources to qualify for a $375,000 auto loan.
C)Although the Lexus LFA sports coupe is a great car, there may be other cars with better gas mileage and resale value.
D)He's afraid that if someone at school sees him with the car, he might lose his student loan.
E)His girlfriend wants him to drive a Kia Soul.

Question 60

At the 2014 Clinton Global Initiative, PepsiCo and Coca-Cola announced an agreement to reduce the calorie content of their products by 20 percent before 2025. The new cola from Pepsi-Cola is sweetened with a combination of sugar and stevia leaf extract, resulting in a soft drink with the same flavor of Pepsi but only 60 calories. A potential showstopper for this product is likely to be

A)a lack of advertising on television.
B)in the past, mid-calorie soft drinks such as Pepsi Next (2012) have not been successful.
C)a lower profit margin due to the added costs of expensive ingredients.
D)cannibalization of the company's existing sodas.
E)the use of a combination of sugar and stevia leaf instead.

Question 61

TUMI brand briefcases are very expensive, high-end briefcases that are generally sold in specialty luggage shops. Which of the following groups of people would be the most likely target market for TUMI briefcases?

A)police officers
B)executives
C)construction workers
D)postal workers
E)students

Question 62

People with both the desire and ability to buy a specific offering such the Cool Mint Chocolate Clif bar are referred to as

A)shoppers.
B)a customer base.
C)a market.
D)a bazaar.
E)an emporium.

Question 63

A __________ is a need that is shaped by a person's knowledge, culture, and personality.

A)desire
B)feeling
C)utility
D)want
E)craving

Question 64

Product, price, promotion, and place are all components of

A)the firm's required ongoing activities.
B)the marketing mix.
C)factors used to examine competitors' products.
D)the cluster of benefits that an organization develops to satisfy consumers' needs.
E)people with both the desire and the ability to buy a specific offering.

Question 65

Which of the following statements best distinguishes between consumer needs and wants?

A)Needs are far more influential than wants with respect to marketing decision making.
B)Wants affect marketing decisions primarily for planned purchases while needs affect marketing decisions primarily for impulse purchases.
C)Wants occur when a person feels deprived of basic necessities such as food, clothing, and shelter while needs are determined by a person's knowledge, culture, or personality.
D)Needs and wants are psychologically the same, but needs are those that a consumer can be guaranteed to satisfy.
E)Needs occur when a person feels deprived of basic necessities such as food, clothing, and shelter while wants are determined by a person's knowledge, culture, or personality.

Question 66

Discovering consumer needs leads to

A)purchases by customers.
B)stakeholder rewards.
C)sales and manufacturing department outcomes.
D)supplier and distributor outcomes.
E)concepts for new products.

Question 67

For a company that offers products such as the Cool Mint Chocolate Clif bar, a market refers to

A)people with a similar want for a particular product or service.
B)people with both the desire and ability to buy a specific offering.
C)the central location for all buying and selling of products and services.
D)an open space or covered building where vendors convene to sell their offerings.
E)the free operation of supply and demand.

Question 68

A local university offers business courses for a target market of people who currently work and want to take refresher courses for certification in their business field (marketing, accounting, etc.). Which of the following would be the most effective way to communicate with the target market, bearing in mind that communication must be both effective and economical?

A)Put announcements on campus bulletin boards.
B)Distribute promotional materials during classes.
C)Advertise on national television.
D)Advertise on local hip-hop radio shows.
E)Advertise in the local newspaper.

Question 69

Which of the following people would most likely be the best target market for tickets to the home games of the Indianapolis Colts professional football team?

A)all people with an interest in professional football
B)all people in the Midwest who have an interest in sports
C)all men who played on a varsity football team in high school
D)all people in the Indianapolis and surrounding areas interested in football
E)all people in Indiana who watch football on TV

Question 70

A want refers to

A)a sense of personal inadequacy based upon observations by others around you.
B)a powerful desire that causes a person to take action.
C)a need that is shaped by a person's knowledge, culture, or personality.
D)a feeling of being deprived of something, but not fully understanding what it may be.
E)a situation when a person feels deprived of basic necessities such as food, clothing, and shelter.

Question 71

Kraft produces Lunchables, a prepackaged meal usually consisting of several crackers, small slices of meat, and small slices of cheese. Other items in the product line contain small bottles of Chiquita Strawberry Banana Fruit smoothie, Capri-Sun juice, or Kool-Aid. The box is bright yellow and the quantity of food contained within it is small. The target market for Kraft Lunchables is most likely

A)moms with school-age children who pack a simple healthy lunch for them.
B)businesspeople looking for a fulfilling breakfast at the office.
C)business travelers on the run.
D)teenagers who are hungry for an after-school snack.
E)baby boomers who are trying to lose weight.

Question 72

A target market refers to

A)customers who have already purchased a firm's product at least once, have been satisfied, and are likely to be repeat purchasers.
B)both existing and potential customers who have used a competitor's product, are dissatisfied, and who now seek a different product or service to satisfy their needs.
C)a specific group of current consumers toward which an organization directs its advertising.
D)one or more specific groups of potential consumers who are seeking a product for which there are no current substitutes.
E)one or more specific groups of potential consumers toward which an organization directs its marketing program.

Question 73

All of the following are examples of products or services that satisfy a consumer need except

A)a pair of jeans.
B)an apple.
C)a student dormitory.
D)a sales tax.
E)a jacket.

Question 74

A television advertisement shows several teenagers searching through the refrigerator for something to satisfy their hunger. The refrigerator offers the teenagers many alternatives-celery, bologna, cottage cheese, and some Cool Mint Chocolate Clif Bars. The ad, which shows the teens happily selecting the Clif Bars, appeals to the consumers' __________ for sustenance to satisfy their hunger and attempts to shape their __________ for the advertised product.

A)needs; wants
B)wants; needs
C)wants; cravings
D)cravings; needs
E)needs; preferences

Question 75

A target market refers to

A)people who could purchase a product regardless of who ultimately uses it.
B)one or more specific groups of potential consumers toward which an organization directs its marketing program.
C)former customers who now use competitors' products.
D)the cluster of benefits that an organization develops to satisfy consumers' needs.
E)people with both the desire and the ability to buy a specific offering.

Question 76

One or more specific groups of potential consumers toward which an organization directs its marketing program is referred to as a

A)mass market.
B)tangential market.
C)potential market.
D)target market.
E)promotional market.

Question 77

All markets ultimately are composed of

A)people.
B)brands.
C)products.
D)organizations.
E)governments.

Question 78

Which of the following groups would be the least likely target market for a company producing canned food in single-serving sizes?

A)single adults
B)school kitchens
C)campers
D)senior citizens
E)vending machine owners

Question 79

Satisfying consumer needs is accomplished by

A)designing a marketing program.
B)conducting marketing research.
C)discovering consumer needs.
D)developing a distribution strategy.
E)identifying target markets.

Question 80

A need refers to

A)a sense of personal inadequacy based upon observations by others around you.
B)a sense of urgency, which causes a person to take action.
C)a feeling that is shaped by a person's knowledge, culture, or personality.
D)a feeling of being deprived of something, but not fully understanding what it may be.
E)a situation when a person feels deprived of basic necessities such as food, clothing, and shelter.