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Marketing

Satisfactory Essays

[MARKETING TODAY] January 24, 2011 True-False - Terminology/Concept 1. Marketing-related activities are limited to people called “marketers.” 2. The effective practice of marketing-related activities is limited to larger firms. 3. For virtually every good and service we purchase, the marketing process affects the assortment of models and styles offered in the marketplace. 4. The scope of marketing includes goods, services, organizations, people, places, and ideas. 5. A firm can anticipate demand through marketing research and sales forecasting activities. 6. A firm can stimulate demand through offering credit and by expanding a product’s distribution to include additional retailers. 7. Installation, alteration, and repair services are all …show more content…

PN NORMALISA MD ISA (A102) | AUTHOR: EVANS & BERMAN

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[MARKETING TODAY] January 24, 2011 34. A public utility practices marketing when it encourages consumers to reduce demand in summer months through higher pricing. 35. When a firm uses a warranty card to determine consumer input as to product uses, it is involved with the facilitation of demand. 36. Some analysts believe that more colleges should accept major credit cards towards payment of tuition. From a marketing perspective, this involves facilitation of demand. 37. When a firm uses a questionnaire to determine consumer reactions to a new form of distribution (such as Web-based shopping), it is involved with the regulation of demand. 38. Demand regulation is generally more critical for products with stable sales patterns than for products with seasonal sales patterns. 39. Demand regulation is very important for services (such as car washes, telephone usage, and accounting services) since services cannot be inventoried or stored. 40. Marketers must be careful to include both consumer demand and publics’ demand in their communication efforts. 41. The role of marketing in the production era is limited to selling. True-False - Applied/Comprehensive/Integrative 42. Ninety percent of a firm’s marketing budget is comprised of personal selling, advertising, and premiums. The company is positioned in the marketing department era. 43. During the sales era of marketing, marketing personnel are unimportant because

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