BUS203 PRINCIPLES OF MARKETING - SAYLOR DIRECT
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Terri is a marketer who reviews leads to identify where resources should be
allocated. Which of the following is she engaging in?
a.Lead scoring
b.Lead analysis
c.Lead exploration
d.Lead resourcer - correct answer - a.Lead scoring
To understand if a product offering is financially feasible, companies often
consider which of the following?
a.Customers' value segmentation
b.Customers' personal value equation
c.Customers' income and demographics (x)
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d.Customers' potential interest in the product - correct answer -
b.Customers' personal value equation
Pricing is the most important decision made by business. Of the following,
which three perspectives are considered when pricing?
a.Sales, customer, economic (x)
b.Sales, employee, executive
c.Customer, economic, societal
d.Customer, societal, sales (x) - correct answer - c.
Customer, economic, societal
What kind of business approach recognizes that consumers want value in
both their products and services?
a.Market-oriented (x)
b.Product-oriented (x)
c.Customer-oriented
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d.Service-oriented - correct answer - c.Customer-oriented
Which of the following is designed to deliver one consistent promotional
message to a potential buyer?
a.Integrated marketing communication (x)
b.Advertising
c.Personal Selling (x)
d.Public Relation - correct answer -
What do companies use public relations to do?
a.Build brand awareness through free advertising
b.Create a favorable image for a brand
c.Ensure a controlled audience response
d.Attract investors and maintain a relationship with shareholders - correct
answer - b.Create a favorable image for a brand
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Which of the following describes the process of designing and
manufacturing a product, and then bringing it to the market?
a.Strategy
b.Exchange
c.Value chain
d.Commercialization - correct answer - c.Value chain
Which of the following describes the proper order of the elements of
marketing plan development?
a.Research customer needs, create the right offerings, communicate value
b.Communicate value, create the right offerings, launch promotional plan
c.Research customer needs, develop corporate strategy, develop Mission
Statement
d.Develop corporate strategy, develop Mission Statement, research
customer needs - correct answer - a.Research customer needs, create the
right offerings, communicate value