ANSWERS, 8TH CANADIAN EDITION BY MICHAEL GUOLLA,
GEORGE E. BELCH
1.What is marketing according to Kotler and Keller (2012)? - ANSWER Delivering value to
customers by managing customer relationships in ways that benefit the organisation.
2.What is 'value' in marketing? - ANSWER Customer perception of all the benefits of a product
or service against the cost of acquiring and consuming it.
3.What are the three types of customer-perceived benefits? - ANSWER Functional, Experiential,
Psychological.
4.How does perceived value impact customer behaviour? - ANSWER It influences loyalty, word
of mouth, repurchase decisions, and overall brand perception.
5.What are the 4 Ps in the marketing mix? - ANSWER Product, Price, Place, Promotion
6.What are the five traditional elements of the promotional mix? - ANSWER Advertising
Direct Marketing
Personal Selling
Sales Promotion
Public Relations
7.What is the Shannon and Weaver Model of Communication? - ANSWER A linear model
consisting of: Information Source → Transmitter → Channel → Receiver → Destination, with
'Noise' affecting the process.
,8.What is an undifferentiated message and medium? - ANSWER Same message to all audiences
using the same medium - now considered inefficient.
9.What is a differentiated message and undifferentiated medium? - ANSWER Target audiences
receive different messages through a shared medium to benefit from scale.
10.What is an undifferentiated message and differentiated medium? - ANSWER A consistent
message is delivered via different media to reach distinct audiences.
11.What is a differentiated message and differentiated medium? - ANSWER Customised
messages sent via specific channels to reach segmented audiences - ideal scenario.
12.What is Integrated Marketing Communications (IMC)? - ANSWER A strategic approach to
marketing that combines various communication tools to create clarity, consistency, and impact
across all channels.
13.What are the 4 C's of IMC? - ANSWER Consistency - All messages support and reinforce each
other
Coherence - Messages logically connect
Continuity - Campaign connects over time
Complementary - All elements work together
14.What are key barriers to implementing IMC successfully? - ANSWER Organisational Silos
Difficulty in Measurement
Resource Intensity
Fluid Media Landscape
Stifled Creativity
Global Differences
, 15.What are the main criteria for evaluating IMC options? - ANSWER Coverage - Reach of the
target market
Cost - Expense of the option
Contribution - Impact on objectives
Commonality - Overlap with other options
Complementarity - Support for communication goals
Cross-effects - Boost from combined efforts
Conformability - Overall alignment of tools
16.What is the Marketing Communications Process Model? - ANSWER It shows how marketing
strategy and analysis guide the development of a promotional program targeted at specific
markets using a communication mix.
17.What is Opportunity Analysis? - ANSWER The process of identifying areas where:
There are demand trends
Customer needs are unmet
The firm can compete effectively
18.What are the steps to identify market opportunities? - ANSWER 1. Examine the marketplace
2. Observe demand trends and competition in segments
19.What is a competitive advantage? - ANSWER Attributes that give a firm an edge, such as:
Better products
Superior service
Lower costs
Strong distribution channels
Strong marketing communications