MARK 3000 Grantham Final Exam Questions With Correct Answers.
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Course
UGA
Institution
UGA
MARK 3000 Grantham Final Exam
Questions With Correct Answers.
T/F Services can often be separated from the producer - answerFalse
T/F People are now demanding more specialized products and services - answerTrue
The service product continuum - answerRanges from service dominant (a laawyer) to
p...
MARK 3000 Grantham Final Exam
Questions With Correct Answers.
T/F Services can often be separated from the producer - answer✔✔False
T/F People are now demanding more specialized products and services - answer✔✔True
The service product continuum - answer✔✔Ranges from service dominant (a laawyer) to
product dominant (grocery store)
Factors differentiating services from products - answer✔✔Services are intangible,
heterogeneous, inseparable, and perishable
Intangibility of services - answer✔✔Marketers must use atmosphere and images to invoke the
feeling in the customer and reinforce the benefit they will receive
Inseparable production and consumption of services - answer✔✔Services are consumed and
produced at the same time
Consumers can't always try out the product before they buy it, so businesses lower risk by
offering guarantees or warranties
Heterogeneous nature of services - answer✔✔Services can vary over time (different stylists can
give different haircut experiences)
Businesses can rely on training/automation or scripts to ensure quality. Micromarketing can be
used to tailor a service to the customer's exact needs.
Perishable nature of services - answer✔✔Services can't be stockpiled for future use
can't be made ahead of time and stored to meet later demand
missed consumption means missed revenue
Supply and demand must be carefully managed.
The Gaps model of providing great service (4 gaps) - answer✔✔Designed to examine what went
wrong when service isn't delivered correctly
1. Knowledge gap
2. Standards gap
3. Delivery Gap
4. Communication gap
Service gaps- knowledge gap - answer✔✔Occurs when there's a gap between customer
expectation and what the company thinks the customer wants. Companies should conduct
research to ensure they're delivering what customers really want
5 dimensions of service quality - answer✔✔Reliability
responsiveness
assurance
empathy
tangibles
Voice-of-customer (VOC) program - answer✔✔A systematic approach to integrating customer
input into management decisions
Zone of tolerance - answer✔✔Used to evaluate effective service.
The zone of acceptable customer service between what the customer expects and the minimum
before he will leave for another company
Service gaps- standards gap - answer✔✔The gap between a company's perceptions of what
customers want and the standards set for employees. Employees should be thoroughly educated
about proper service standards
Service gaps- delivery gap - answer✔✔Gap b/w standards set and actual service delivered.
Employees should be empowered to perform better through proper training, monitoring, and
rewarding good service.
Employee empowerment in service delivery - answer✔✔Employees need emotional support and
instrumental support.
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