Mkt 421 mkt 421 Study guides, Class notes & Summaries

1) According to the text, marketing means: A. Advertising. B. Much more than selling & advertising. C. Selling. D. Producing & selling. 2) For Tesla, a new firm that makes an electric sports car, estimating how many competitors will make electric vehicles & what kinds they will make, is: A. A part of marketing. B. One of the universal functions of innovation. C. A production activity. D. An example of the micro-macro dilemma. 3) Which of ...

) BigFizzCo.,a manufacturerofcola-flavored drinks, wants to add packaged fruit juices to its existing product line.BigFizzmustmake somedecisions regardingpackagingand brandingof thefruit juices. These decisions would fall underwhich variableof the marketingmix? 2)Predictingwhat typesofbicycles different customers will wantand decidingwhich of these customers the business will tryto satisfyare activitiesa firmshould do as partof 3)ForTesla,a newfirmthat makes anelectric sportscar,esti...

A __________ is a road map for the marketing activities of an organization for a specified future time period, such as one year or five years. marketing dashboard marketing plan operation plan mission statement What is meant by “accelerating the process?” Increase advertising costs during product launch Speed up new product time to market Identify major competitors early Create a new market space The product life cycle refers to __________. a concept that describes the stages a new produ...

MKT 421 FINAL EXAM 2020 A producer might use a “pulling policy” rather than a “pushing policy” if mkt 421 final exam: When new product ideas are chosen based on ratings and comments from customers, this process is called ______. The primary purpose of branding is: Genetech Corp. has invested heavily to develop a patented new product. Genetech wants to achieve a rapid return on its investment. It probably should set a ______________ pricing objective. In the American Marketing Association...

MKT 421 FINAL EXAM 2020 A producer might use a “pulling policy” rather than a “pushing policy” if mkt 421 final exam: When new product ideas are chosen based on ratings and comments from customers, this process is called ______. The primary purpose of branding is: Genetech Corp. has invested heavily to develop a patented new product. Genetech wants to achieve a rapid return on its investment. It probably should set a ______________ pricing objective. In the American Marketing Association...

1. Compared with other approaches to business, the marketing concept is distinct in that it: 2. The sales analysis of a product revealed that profits were highest when it was initially introduced into the market with a high selling price. However, the price was gradually reduced as it started facing competition as substitutes entered the market. This is an example of a (n) _____. 3. Behavioral targeting: 4. Which of the following is true of direct distribution? 5. The three basic sales tas...

A __________ is a road map for the marketing activities of an organization for a specified future time period, such as one year or five years. marketing dashboard marketing plan operation plan mission statement What is meant by “accelerating the process?” Increase advertising costs during product launch Speed up new product time to market Identify major competitors early Create a new market space The product life cycle refers to ________...

Final Exam MKT 421