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MARK 3321 EXAM 2 REVIEW QUESTIONS AND VERIFIED ANSWERS..

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MARK 3321 EXAM 2 REVIEW QUESTIONS AND VERIFIED ANSWERS

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What are the roles in buying centers?


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Initiator
Influencers/evaluators
Gatekeepers
Decider
Purchaser
Users




What is the formula for stickiness?


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, Frequency X duration X site reach




What are important factors of relationship marketing?


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Loyal customers are more profitable than price-sensitive customers; long
term relationships build competitive advantage




What makes up Demographic segmentation?


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1. Age segmentation
2. Gender segmentation
3. Income segmentation
4. Ethnic segmentation
5. Family Life cycle segmentation




What is internal information search?


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Recalling information stored in one's memory.




What are the 3 types of buying situations?

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1. New buy- purchasing for the first time
2. Modified rebuy-purchaser wants change in the original good/service
3. Straight rebuy- purchaser reorders same good or service without
looking for new information or investigating other suppliers




What are the five Consumer Decision Making processes?


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1.Need Recognition
2. Information Search
3. Evaluation of alternatives
4. Purchase
5. Post-purchase behavior




What is subliminal perception (marketing implication)?


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Marketing/advertising messages to the subconscious.




What is greenwashing?


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