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MARK 3321 TEST 1 QUESTIONS AND VERIFIED ANSWERS..

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MARK 3321 TEST 1 QUESTIONS AND VERIFIED ANSWERS

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A problem facing the timber industry is the absence of any effective way to prove that
rain forest timber has been legally harvested. In places like Indonesia, as much as 80%
of timber available for sale is illegally cut. Companies like Home Depot do not want to
sell timber from illegally logged forests, even though demand is great for timber from
rainforests. Which of the following required for an exchange is missing when a
company tries to sell illegally acquired logs to Home Depot?


a. Each party has something of value to the other party
b. There are at least two parties involved
c. Each party is capable of communication and delivery
d. Each party believes it is appropriate to deal with the other party
e. None of the above


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d. Each party believes it is appropriate to deal with the other party

,Every year the University of Kentucky basketball team starts its season with one thing
in mind: winning the NCAA championship. Players begin the year by getting in the
best shape possible and practicing hard. The team's daily practice sessions
correspond to _______________ in strategic planning.


a. action steps
b. goals
c. milestones
d. the mission
e. none of the above


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a. action steps




The content of culture includes all of the following except:


attitudes.
beliefs.
customs.
values.
The content of culture includes all of the above.


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The content of culture includes all of the above




Many major toy manufacturers now market dolls designed for the African-American
market. For example, some Mattel dolls have different skin tones, hairstyles, and facial
features that reflect the diversity of black women. This represents an attempt by
marketers to consider _______________ subcultures in their marketing strategies.

, age
occupation
psychographic
religious
none of the above


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None of the above




Proctor and Gamble (P&G) introduces a new advertising campaign in which they make
many different commercials that each individually target a different market segment.
Which type of strategy is P&G implementing?


Undifferentiated targeting.
Selective targeting..
Multisegment targeting.
Concentrated targeting.


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Multisegment Targeting




Suppose you are conducting research to find out a great deal of information about
the motives and desires of potential customers for a home delivery grocery service.
You need a sample of at least 300 subjects who spend $100 or more weekly at the
supermarket and you do not have a lot of money to conduct the research. If cost is
the number one consideration, you should use:


-an experiment.
-personal interviews.
-a telephone survey.

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