Question 1

Scenario 2.2
Use the following to answer the questions.
EXperience Limited is a company which offers tours and vacations that include participation in an extreme sport, such as hang-gliding, bungee jumping, skydiving, and motocross. Adrian Moss, EXperience Limited's owner, has just finished developing the strategic plan, including marketing objective of growing his customer base by 15% during the coming year. He believes that the best way of reaching that objective is to promote to the college-aged student. In the past, the majority of his sales have been to males under the age of 29, participating in hang-gliding and bungee jumping at various tourist locations. He wants to expand his skydiving and motocross tours, but isn't sure whether or not the expansion will be profitable. He currently has a database containing all the customers who have gone on a hang-gliding or bungee jumping vacation with his company.
-Refer to Scenario 2.2. The fact that college enrollments have been increasing at a fast rate the past few years is an example of ____ and creates a ____ for EXperience Limited.

Accepted Answer

A) an environmental factor; marketing opportunity 
B) an environmental factor; strategic door 
C) a company strength; marketing opportunity 
D) a company strength; competitive advantage 
E) a marketing opportunity; competitive advantage

Question 2

A functional organization works effectively for large, decentralized companies.

Accepted Answer

A) True 
 B)False

Question 3

The time lag between the performance of marketing activities and the effects of such activities limits a marketing manager's ability to measure the effectiveness of marketing activities.

Accepted Answer

A) True 
 B)False

Question 4

Cash cows are market leaders that are growing fast, with substantial reported profits.

Accepted Answer

A) True 
 B)False

Question 5

The marketing control process does not monitor the activities of external sources of marketing assistance.

Accepted Answer

A) True 
 B)False

Question 6

In a traditional organization, marketing decisions are generally centralized at the top levels of the organization.

Accepted Answer

A) True 
 B)False

Question 7

Scenario 2.1
Use the following to answer the questions.
Southwest Airlines has a history of being able to retain its employees due to the atmosphere and culture of the company. Employees have been known to dress up in costume on an airplane, engage in "games" with the passengers, and generally provide a fun atmosphere for traveling. While other airlines have low rates of customer satisfaction, Southwest tends to maintain a high rating with its customers. Recent gas price hikes have caused most airlines to charge for checked luggage and to fill every flight to its maximum, adding to the negative experience of airline travel. Southwest keeps its costs low through several methods, one being that they do not serve meals on flights, or provide pre-boarding passes. The typical flight is two hours or less and occurs between several selected cities rather than flying to practically anywhere in the country. Southwest is known for its low fares, its dependability, and its on-time flights.
-Refer to Scenario 2.1. In Southwest Airlines' SWOT analysis, the rising gas prices are a(n) ____, while the fact that other airlines are charging for all checked baggage may create a(n) ____.

Accepted Answer

A) threat; strength 
B) weakness; strength 
C) threat; opportunity 
D) weakness; opportunity 
E) opportunity; strength

Question 8

Emma is responsible for developing and implementing the marketing plan for a new type of walking shoe targeted toward older women. Her responsibility includes making sure that the production and deliveries to the retail stores are coordinated for this new product. In order for the marketing implementation to be successful, Emma should be sure the needs of ____ customers are met.

Accepted Answer

A) the external 
B) the internal 
C) both the internal and external 
D) the planned 
E) both the planned and realized

Question 9

Explain the different types of growth strategies that can be used by a strategic business unit.

Accepted Answer

The answer of Explain the different types of growth strategies...

Question 10

Electronic marketing has greatly improved the ability of marketers to target individual customers. As a result, many feel that marketing's emphasis is shifting from share of market to share of

Accepted Answer

A) budget. 
B) consumer online time. 
C) customer. 
D) awareness. 
E) commitment.

Question 11

Which of the following is not a purpose of the marketing plan?

Accepted Answer

A) Communicate internally with employees 
B) Assign tasks and responsibilities for implementation 
C) Specify the allocation of resources 
D) Monitor the performance of a marketing strategy 
E) Serve as a contract with the customer

Question 12

Harley-Davidson's Harley Owner's Group (HOG) helps to foster strong relationships between riders and their motorcycles, giving it a(n) ____ over other motorcycle manufacturers.

Accepted Answer

A) controllable advantage 
B) uncontrollable competitive advantage 
C) sustainable marketing advantage 
D) effective competitive advantage 
E) sustainable competitive advantage

Question 13

Favorable conditions in the marketplace environment that could produce business rewards for the organization if acted upon properly are called

Accepted Answer

A) strengths. 
B) market strategies. 
C) market niches. 
D) threats. 
E) opportunities.

Question 14

The time lag between the performance of marketing activities and their results

Accepted Answer

A) limits the marketing manager's ability to measure the effectiveness of marketing activities. 
B) facilitates the ability to measure performance. 
C) increases the chance of accurate measurement. 
D) limits the amount of money to be spent on measurement. 
E) increases the likelihood of having a successful marketing mix.

Question 15

Question marks exist at a cost disadvantage and exhibit few opportunities for growth at a reasonable cost.

Accepted Answer

A) True 
 B)False

Question 16

Marketing objectives should be stated in such a way that the degree of accomplishment can be measured accurately.

Accepted Answer

A) True 
 B)False

Question 17

The first step in the marketing control process is to

Accepted Answer

A) take corrective action. 
B) reduce the difference between actual and desired standards. 
C) evaluate actual performance. 
D) compare actual performance and standards. 
E) establish performance standards.

Question 18

Marketing managers can take each of the following corrective actions for reducing a discrepancy between established performance standards and actual performance except

Accepted Answer

A) improving actual performance. 
B) reducing the performance standard. 
C) totally changing the performance standard. 
D) changing the marketing strategy. 
E) coordinating a new step in performance analysis.

Question 19

Which of the following is the most specific and detailed type of business strategy?

Accepted Answer

A) business-unit 
B) marketing 
C) corporate 
D) customer service 
E) tactical

Question 20

An organization's business goals should be derived from its

Accepted Answer

A) mission statement. 
B) strategic plan. 
C) strategic business plan. 
D) marketing plan. 
E) marketing strategy.

Exam 2: Planning Implementing and Evaluating Marketing Strategies

A functional organization works effectively for large, decentralized companies.

The time lag between the performance of marketing activities and the effects of such activities limits a marketing manager's ability to measure the effectiveness of marketing activities.

Cash cows are market leaders that are growing fast, with substantial reported profits.

The marketing control process does not monitor the activities of external sources of marketing assistance.

In a traditional organization, marketing decisions are generally centralized at the top levels of the organization.

Explain the different types of growth strategies that can be used by a strategic business unit.

Electronic marketing has greatly improved the ability of marketers to target individual customers. As a result, many feel that marketing's emphasis is shifting from share of market to share of

Which of the following is not a purpose of the marketing plan?

Harley-Davidson's Harley Owner's Group (HOG) helps to foster strong relationships between riders and their motorcycles, giving it a(n) ____ over other motorcycle manufacturers.

Favorable conditions in the marketplace environment that could produce business rewards for the organization if acted upon properly are called

The time lag between the performance of marketing activities and their results

Question marks exist at a cost disadvantage and exhibit few opportunities for growth at a reasonable cost.

Marketing objectives should be stated in such a way that the degree of accomplishment can be measured accurately.

The first step in the marketing control process is to

Marketing managers can take each of the following corrective actions for reducing a discrepancy between established performance standards and actual performance except

Which of the following is the most specific and detailed type of business strategy?

An organization's business goals should be derived from its