@PROFDOCDIGITALLIBRARIES
TEST BANK
TE
Test Bank for Marketing Management
STB
Philip Kotler; Kevin Keller
15th Edition
A N
KS
O
LU
TI
O
N
S
, @PROFDOCDIGITALLIBRARIES
Complete Test Bank (Questions with Verified Answers)
TE
Chapter 1: Defining Marketing for the New Realities
1) Which of the following statements about marketing is true? A)
It is of little importance when products are standardized.
S
B) It can help create jobs in the economy by increasing demand for goods and services.
C) It helps to build a loyal customer base but has no impact on a firm's intangible assets.
TB
D) It is more important for bigger organizations than smaller ones.
E) It is seldom used by nonprofit organizations.
Answer: B
Diff: 1
LO: 1.1: Why is marketing important?
A
AACSB: Reflective thinking
2) A marketer's only concern is how best to create demand for a new product produced by his/her
N
company. Improving product design is not his/her responsibility.
Answer: FALSE
KS
Diff: 1
LO: 1.1: Why is marketing important?
AACSB: Reflective thinking
O
LU
TI
O
N
S
, @PROFDOCDIGITALLIBRARIES
3) management is the art and science of choosing target markets and getting, keeping,
and growing customers through creating, delivering, and communicating superior customer
TE
value.
A) Marketing
B) Knowledge
C) Operations
D) Strategic
S
E) Distribution
Answer: A
Diff: 1
TB
LO: 1.2: What is the scope of marketing?
AACSB: Reflective thinking
4) Identify the correct statement about marketing management.
A) It is primarily concerned with the systematic gathering, recording, and analysis of data about
A
issues related to marketing products and services.
B) It focuses mostly on monitoring the profitability of a company's products and services.
N
C) It focuses solely on attaining an organization's sales goals in an efficient manner.
D) It is defined as the field that deals with planning and managing a business at the highest level
of corporate hierarchy.
KS
E) It occurs when at least one party to a potential exchange thinks about the means of achieving
desired responses from other parties.
Answer: E
Diff: 2
LO: 1.2: What is the scope of marketing?
O
AACSB: Reflective thinking
5) A social definition of marketing says .
LU
A) effective marketing requires companies to remove intermediaries to achieve a closer
connection with direct consumers
B) a company should focus exclusively on achieving high production efficiency, low costs,
and mass distribution to facilitate the broadest possible access to the company's products
C) marketing is the process by which individuals and groups obtain what they need and
TI
want through creating, offering, and freely exchanging products and services of value with
others D) marketing is the process of extracting the maximum value from consumers to facilitate
corporate growth
E) marketing is the process of aggressive selling and promotion to encourage the purchase of
O
products that might otherwise be unsought by the consumer
Answer: C
Diff: 1
N
LO: 1.2: What is the scope of marketing?
AACSB: Reflective thinking
S
6) goods constitute the bulk of most countries' production and marketing efforts.
, @PROFDOCDIGITALLIBRARIES
A) Durable
B) Impulse
TE
C) Physical
D) Luxury
E) Intangible
Answer: C
Diff: 1
S
LO: 1.2: What is the scope of marketing?
AACSB: Reflective thinking
TB
7) As economies advance, a growing proportion of the economy's activities focuses on the
production of .
A) products
B) events
C) experiences
A
D) luxury goods
E) services
N
Answer: E
Diff: 2
LO: 1.2: What is the scope of marketing?
KS
AACSB: Reflective thinking
8) Car rental firms, hair dressers, and management consultants provide .
A) goods
B) experiences
O
C) events
D) services
E) information
LU
Answer: D
Diff: 1
LO: 1.2: What is the scope of marketing?
AACSB: Analytical thinking; Application of knowledge
TI
9) Soccer's World Cup is promoted aggressively to both companies and fans. This is an example
of marketing a(n) .
A) idea
O
B) place
C) luxury item
D) event
N
E) service
Answer: D
Diff: 2
S
LO: 1.2: What is the scope of marketing?
TEST BANK
TE
Test Bank for Marketing Management
STB
Philip Kotler; Kevin Keller
15th Edition
A N
KS
O
LU
TI
O
N
S
, @PROFDOCDIGITALLIBRARIES
Complete Test Bank (Questions with Verified Answers)
TE
Chapter 1: Defining Marketing for the New Realities
1) Which of the following statements about marketing is true? A)
It is of little importance when products are standardized.
S
B) It can help create jobs in the economy by increasing demand for goods and services.
C) It helps to build a loyal customer base but has no impact on a firm's intangible assets.
TB
D) It is more important for bigger organizations than smaller ones.
E) It is seldom used by nonprofit organizations.
Answer: B
Diff: 1
LO: 1.1: Why is marketing important?
A
AACSB: Reflective thinking
2) A marketer's only concern is how best to create demand for a new product produced by his/her
N
company. Improving product design is not his/her responsibility.
Answer: FALSE
KS
Diff: 1
LO: 1.1: Why is marketing important?
AACSB: Reflective thinking
O
LU
TI
O
N
S
, @PROFDOCDIGITALLIBRARIES
3) management is the art and science of choosing target markets and getting, keeping,
and growing customers through creating, delivering, and communicating superior customer
TE
value.
A) Marketing
B) Knowledge
C) Operations
D) Strategic
S
E) Distribution
Answer: A
Diff: 1
TB
LO: 1.2: What is the scope of marketing?
AACSB: Reflective thinking
4) Identify the correct statement about marketing management.
A) It is primarily concerned with the systematic gathering, recording, and analysis of data about
A
issues related to marketing products and services.
B) It focuses mostly on monitoring the profitability of a company's products and services.
N
C) It focuses solely on attaining an organization's sales goals in an efficient manner.
D) It is defined as the field that deals with planning and managing a business at the highest level
of corporate hierarchy.
KS
E) It occurs when at least one party to a potential exchange thinks about the means of achieving
desired responses from other parties.
Answer: E
Diff: 2
LO: 1.2: What is the scope of marketing?
O
AACSB: Reflective thinking
5) A social definition of marketing says .
LU
A) effective marketing requires companies to remove intermediaries to achieve a closer
connection with direct consumers
B) a company should focus exclusively on achieving high production efficiency, low costs,
and mass distribution to facilitate the broadest possible access to the company's products
C) marketing is the process by which individuals and groups obtain what they need and
TI
want through creating, offering, and freely exchanging products and services of value with
others D) marketing is the process of extracting the maximum value from consumers to facilitate
corporate growth
E) marketing is the process of aggressive selling and promotion to encourage the purchase of
O
products that might otherwise be unsought by the consumer
Answer: C
Diff: 1
N
LO: 1.2: What is the scope of marketing?
AACSB: Reflective thinking
S
6) goods constitute the bulk of most countries' production and marketing efforts.
, @PROFDOCDIGITALLIBRARIES
A) Durable
B) Impulse
TE
C) Physical
D) Luxury
E) Intangible
Answer: C
Diff: 1
S
LO: 1.2: What is the scope of marketing?
AACSB: Reflective thinking
TB
7) As economies advance, a growing proportion of the economy's activities focuses on the
production of .
A) products
B) events
C) experiences
A
D) luxury goods
E) services
N
Answer: E
Diff: 2
LO: 1.2: What is the scope of marketing?
KS
AACSB: Reflective thinking
8) Car rental firms, hair dressers, and management consultants provide .
A) goods
B) experiences
O
C) events
D) services
E) information
LU
Answer: D
Diff: 1
LO: 1.2: What is the scope of marketing?
AACSB: Analytical thinking; Application of knowledge
TI
9) Soccer's World Cup is promoted aggressively to both companies and fans. This is an example
of marketing a(n) .
A) idea
O
B) place
C) luxury item
D) event
N
E) service
Answer: D
Diff: 2
S
LO: 1.2: What is the scope of marketing?
