SI CHEN EXAM 4 MBA 706 REVIEW
QUESTION SET WITH ACCURATE
ANSWERS
◉ Coupon effectiveness
Answer: Effective for new customer acquisition
◉ Game Theory in pricing
Answer: Estimating outcomes of price cuts and competition
◉ Auctions in pricing
Answer: Negotiated prices between buyers and sellers
◉ Channels of Distribution overview
Answer: Network of interconnected firms for goods exchange
◉ Logistics in distribution
Answer: Coordinating flow of goods, services, and information
◉ Functions of a Distribution Channel
Answer: Customer-oriented, product-oriented, marketing-centric
activities
, ◉ Channel Tension
Answer: Tension created by each channel member's benefits and
costs
◉ Wide distribution
Answer: Extensive product availability with heavy promotion and
lower prices
◉ Exclusive distribution
Answer: Limited product availability with high prices and
superior quality
◉ Push strategy
Answer: Incentives to push products to end users through
distribution partners
◉ Pull strategy
Answer: Incentives to attract consumers to pull products through
the channel
◉ Power
Answer: Influence based on size, used to resolve conflicts in
channels
◉ Transaction Cost Analysis
QUESTION SET WITH ACCURATE
ANSWERS
◉ Coupon effectiveness
Answer: Effective for new customer acquisition
◉ Game Theory in pricing
Answer: Estimating outcomes of price cuts and competition
◉ Auctions in pricing
Answer: Negotiated prices between buyers and sellers
◉ Channels of Distribution overview
Answer: Network of interconnected firms for goods exchange
◉ Logistics in distribution
Answer: Coordinating flow of goods, services, and information
◉ Functions of a Distribution Channel
Answer: Customer-oriented, product-oriented, marketing-centric
activities
, ◉ Channel Tension
Answer: Tension created by each channel member's benefits and
costs
◉ Wide distribution
Answer: Extensive product availability with heavy promotion and
lower prices
◉ Exclusive distribution
Answer: Limited product availability with high prices and
superior quality
◉ Push strategy
Answer: Incentives to push products to end users through
distribution partners
◉ Pull strategy
Answer: Incentives to attract consumers to pull products through
the channel
◉ Power
Answer: Influence based on size, used to resolve conflicts in
channels
◉ Transaction Cost Analysis