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Exam (elaborations)

GB 350 FINAL EXAM PRACTICE QUESTIONS AND ANSWERS

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GB 350 FINAL EXAM PRACTICE QUESTIONS AND ANSWERS

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GB 350 FINAL EXAM PRACTICE
QUESTIONS AND ANSWERS



Allyn buying an iPhone because her friends have one - Correct Answers -late majority

What do concept tests do? - Correct Answers -they evaluate consumer reactions to
product ideas before a prototype exists

Vintage cars selling at high prices - Correct Answers -they have a niche demand

Customer onboarding is - Correct Answers -when a brand is helping new customers
learn how to use the product correctly

New Fleet Feet store in oxford would be apart of what marketing channel - Correct
Answers -Retail channel

Rue21 relying on only specific mall location - Correct Answers -sales orientation

Retailers require manufactures to pay - Correct Answers -slotting fees

FTC endorsement guidelines do not require disclosure from - Correct Answers -a
person with no connection to the brand

What is not a goal of promotion - Correct Answers -to reduce production costs

General Mills promoting their cereal through ads is an example of - Correct Answers -
pull strategy

What are the main factors of the communication process - Correct Answers -Encoding
and receiver

Website lets users read 5 articles for free then requires a subscription - Correct
Answers -Freemium model

Product lines offer all benefits except - Correct Answers -increased advertising costs

Reason retailers invest in private labels - Correct Answers -higher profit margins

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