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Exam (elaborations)

Marketing 3010 Final Questions And Verified Answers

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MARKETING 3010 FINAL QUESTIONS AND VERIFIED ANSWERS

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Penzey's, a spice company headquartered in Wisconsin, predominantly utilizes _______
media such as Facebook and Instagram. These apps are some of the fastest-growing
social media and can reach a narrow target audience with a relatively short lead time
to create messages.


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Internet.




Enzo enjoys performing routine maintenance on his vehicle. He recently purchased a
new alternator at AutoZone. The salesperson told him that after Enzo installed the
new alternator, he could return his used alternator and receive $25 for the part.
AutoZone would recycle the part and return it to the manufacturer. This is an example
of a _______ channel.


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, Reverse.




Hakim is a social media consultant and recently met with a new client. Hakim was
explaining the basics of social media marketing and stressed the importance of
starting with _______.


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A marekting plan.




In the buying center, the decider is ____.


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The person who selects a good or service to purchase.




Which advertising medium offers selective targeting and long life but has long lead
times and high cost?


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Magazines.




Before a marketing research project can be designed, you must first ____.


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, Identify the problem/opportunity.




A brand posting pictures to its company-run Instagram page is an example of _______
media.


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Owned.




JCPenney, a U.S.-based retail chain of 870 stores, is more than 110 years old. Since its
first days as a single store location in Wyoming until today, it has experienced many
transformations. The store has made changes in inventory, advertising messages, and
store design to appeal to an ever-changing customer base. In recent years, JCPenney
has been using a _______ strategy and now advertises that "We're always helping you
find amazing deals on all your favorite items." Thus, JCPenney is attempting to change
consumers' perceptions about its stores in relation to its competitors.


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Repositioning.




____ is the idea that socially responsibly companies will outperform their peers by
focusing on the world's social, economic, and environmental problems.


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, Sustainability.




Mei-Ling is a college junior majoring in finance and economics. She is interested in
applying for internships and plans to attend her next college job fair. She wants to
purchase a business suit to wear to the job fair and at subsequent interviews. Mei-Ling
wants to look her best and wear appropriate attire. Since making a first impression is
important, Mei-Ling will likely take considerable time to visit stores and try on multiple
suits before she makes her purchase decision. Mei-Ling has never purchased a suit
before, and this is the first time she will buy an expensive item without her mother
assisting in the decision. Which type of decision-making will Mei-Ling utilize in
purchasing her suit?


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Extensive decision making.




Which generational cohort has never known a world without smartphones?


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Gen Z.




A good reason to invest in new-product development is ____.


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