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MKTG 355-Lucy Henke, Test 1 Questions With Complete Answers

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MKTG 355-Lucy Henke, Test 1 Questions With Complete Answers ...

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MKTG 355-Lucy Henke, Test 1 Questions With
Complete Answers


consumer behavior - ANSWER A process; planning, searching for, purchasing, using,
evaluating and disposing of goods and services by consumers




consumer - ANSWER Can be individuals or organizations; personal buys goods or services for
own use--end users

Organization buy products and services in order to run organization




marketing concept - ANSWER Is a consumer orientation with concern for the organization's

goals and for the interests of individuals, the society, and the planet




4 periods of the marketing concept - ANSWER Production orientation

Sales orientation

Marketing orientation

Social responsibility orientation




Consumer orientation - ANSWER Occurs because of increased competition, consumer choice,
and consumer power; your brand must be different from and better than the competition in
the mind of your target consumer

, Reasons for emergence of the consumer orientation in marketing - ANSWER consumers have

the POWER




brand differentiation - ANSWER Making brand stand out against competitors; positioning




USP - ANSWER unique selling proposition. will make consumer judge the brand as superior
and different from the available competing brands




Elements of strategic thinking - ANSWER 1.find prospect most likely to use your brand

2.differentiate brand from competition

3. Give the brand a unique selling proposition




positioning - ANSWER




3 stages in comprehensive information processing/cognitive model of consumer behavior -
ANSWER Input, process, output




Input stage - ANSWER Consumer values, attitudes, belief which affect perception, motivation,

behavior

What or who influenced you growing up?

How did you hear about product?

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