Mktg - Study guides, Revision notes & Summaries

Role of Marketing correct answer: Generate profitable revenue When a marketer can describe something it is called a correct answer: product concept After buying an item we experience what? correct answer: cognitive dissonance Ways to engage consumers, directly or indirectly correct answer: -Directly: physically, email newsletters, one to one basis, calling, sending direct ads/texting, create relationship, personalizing advertising toward you -Indirectly: social media, PR, content m...

MKTG 3600 – Exam Questions & Answers 2023/2024 b - ANSWER-The set of actual and potential buyers of a product is: a. a group b. a market c. an exchange d. an audience c - ANSWER-The set of benefits a company promises to deliver to its consumers to satisfy their needs is: a. low pricing b. a money-back guarantee c. the value proposition d. good customer service b - ANSWER-__________________ is defined as a social and managerial process by which individuals and organizations o...

what is the goal of all businesses correct answers survival *we ensure this by being profitable *we make a profit by generating more revenue than costs incurred what is the goal of marketing correct answers to raise revenues, or at an even more basic level, market share market share correct answers is always expressed as a percentage and is used to monitor growth market share = (our sales in x product category) / (total industry sales in product category x) how do we raise market sh...

Love, Swing, Hate Groups correct answers • Firm helps the swing group see the issues/benefits via the eyes of the love group • Don't turn back from the love group • Swing group brings the biggest opportunity to the brand Geographic Segmentation correct answers • Regions, population, size, density Demographic Segmentation correct answers • Age, gender, income, education Psychographic Segmentation correct answers • Personality, lifestyle, motive Behavioral Segmentation c...

CSUF Bus Mktg 351 Exam 1 Review Questions(Chapter 1-7 (Review Questions))With 100% Correct Answers.

In distribution, ______________________ or agents sell on commission offering a limited number of product lines and are generally used by small firms unable to afford the fixed cost of a sales force. a) Direct Sales Personnel b) Distributors c) Manufacturer's representatives d) Brokers correct answers C) Manufacturer's representatives When looking at how B2B Marketing interacts with B2B strategy, ____________________ describe(s) what the firm does differently, better or as well as the b...

(WGU D377) MKTG 6000 Digital Marketing Foundations Objective Assessment Guide Q & A(WGU D377) MKTG 6000 Digital Marketing Foundations Objective Assessment Guide Q & Av