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Exam (elaborations)

MKTG 3340 TEST QUESTIONS WITH COMPLETE ANSWERS

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MKTG 3340 TEST QUESTIONS WITH COMPLETE ANSWERS

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A situation in which supply chain partners share information with one another so they can
see how well the chain is working is known as _____.


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supply chain visibility

,A _____ is a warehouse where the emphasis is on processing and moving goods on to
wholesalers, retailers, or consumers.


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distribution center




After doing research and creating a perceptual map of our category, we see the space
on the map where consumers don't see any brand occupying. It's where we can own a
unique benefit. This is called the -


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white space opportunity




Making a channel strategy work together as one, to reinforce the message and desired
behavior,


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Omnichannel Marketing




Recognizing that service providers need to put themselves in the position of their
customer to understand what the customer needs is the _____ of the RATER model.

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empathy




The individual transactions through which customers interact with parts of the business
and its offerings


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Consumer touchpoints




A product-dominant approach to marketing is based on the belief that:


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the best way to capture market share is to create and manufacture better
products at lower prices.




_____ are characterized by selling products at a discount to people who pay an annual
membership fee to join them.


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Warehouse clubs

, Selling more Ben & Jerry's super premium ice cream to the current market


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Market penetration




Which of these is an example of a brand that has flipped channels, or extended to in-
store after starting out online?


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Barkbox




A research report that you buy from a company like Mintel is -


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Secondary research




Which of these is the first of four steps in creating brand equity?


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