1,14,15,18,2,3,4,5,6,7 Questions and Answers Grade A+
2023
Which of the following is not part of the model of marketing strategy and consumer behavior
presented in the text?
cash flow analysis
market analysis
market segmentation
consumer decision process - -cash flow analysis
-Selecting a target market involves all of the following steps except
grouping customers with similar need sets.
selecting an attractive group to target.
describing each group.
identifying product-related need sets.
All of these choices are involved. - -All of these choices are involved.
-Consumer behavior is the study of individuals, groups, or organizations and the processes they
use to select, secure, use, and dispose of products, services, experience, or ideas to satisfy needs
and the impacts that these processes have on the consumer and society.
True
False - -True
-One of the elements marketers use in their evaluation of the attractiveness of various segments
is the segment size.
True
False - -True
-Which of the following are applications of consumer behavior?
marketing strategy
regulatory policy
informed individuals
marketing strategy and informed individuals
All of these choices are correct. - -All of these choices are correct.
-Consumer decisions often involve several steps which are influenced by elements such as
lifestyle
, demographics
cultural values
lifestyle and demographics
All of these choices are correct. - -All of these choices are correct.
-A segment is a portion of a larger market whose needs differ somewhat from the larger market.
True
False - -True
-Which of the following is not included in marketing communications?
advertising
price
packaging
All are included
public relations - -price
-The marketing mix is the framework of a company's marketing strategy.
True
False - -True
-The first step in the consumer decision process is budget setting.
True
False - -False
-The way an individual perceives his or her feelings and situation to be at the present time is
known as one's desired state.
True
False - -False
-As individuals gain skills, their desires related to those skills remain the same.
True
False - -False
-Kathy enjoys a diet cherry vanilla Dr. Pepper after her workout each day. After about four
weeks of this routine, she grows tired of the same soft drink and switches to Crystal Light
lemonade. Kathy is displaying variety-seeking behavior.
True
False - -True