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MAR 3023 FSU Exam 1 Study Guide & Practice Test | Brady | Marketing Fundamentals

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Prepare for your MAR 3023 first exam at Florida State University. This study guide covers key marketing fundamentals from Professor Brady, including key terms, concepts, and practice questions to test your knowledge before the test.

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age 1 of 26




MAR 3023 FSU BRADY EXAM 1 STUDY GUIDE

2025/2026 ACCURATE QUESTIONS AND CORRECT

DETAILED ANSWERS WITH RATIONALES || 100%

GUARANTEED PASS <BRAND NEW VERSION>



Information Search ......ANSWER........Internal search: Scanning

our own memory banks for information about product

alternatives (Requires prior experience, repeat purchase)


External search: Obtaining product information from

advertisements, friends or observing others (WOM, opinion

leaders, Rate my professor)


Evaluation of Alternatices ......ANSWER........Products already in

memory plus those prominent in the retail environment Ex. Candy

bars, end caps. Evoked set changes by product & consumer -

,age 2 of 26




Norwegians considered two cars in their evoked sets. Americans

had eight.


Product Slection ......ANSWER........Most consumers are cognitive

misers "Dont like to think" Mental shortcuts Ex. Higher price =

higher quality --> BMW, Mercedes


Post Purchase ......ANSWER........Dissatisfaction: Emotional reaction

to the purchase decision --> States consumer satisfaction reports

(J.D. Power)


Cognitive Dissonance - Buyer's doubts shortly after a purchase

about whether the decision was the right one


What is Marketing? ......ANSWER........To identify unmet consumer

needs & then develop products that fill those needs & then

develop products that fill those needs.

, age 3 of 26




Pure Marketing ......ANSWER........Business function that develops

the products that people want to buy because they know they

need them and because they can afford them and because they

can find them. (Don't have to advertise)


Example of Pure Marketing ......ANSWER........Coca Cola - It

tastes good & delivers caffeine. Don't have to go to far to buy

one and it is low cost.


Product Development ......ANSWER........Core marketing function.

If the product is good the firm has to do little advertising.


Example of Good Product Development ......ANSWER........Apple,

Bedsox, Munchy Mart & Four Rivers


Impure Marketing ......ANSWER........Firms fail to objectively

distinguish their products from competitors. (Having to advertise

because of competitors) Very powerful
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