MKT571/MKT 571 WEEK 6 QUIZ (21/21) GUARANTEE - 88339

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anjis_devis

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  • From: Business, Marketing
  • Posted on: Wed 11 Feb, 2015
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1. The purpose of profitability control is to understand the efficiency of the sales force, advertising, sales promotion, and distribution evaluate and improve the spending efficiency and impact of marketing expenditures examine where the company is making and losing money examine whether the company is pursuing its best opportunities with respect to markets, products, and channels 2. ________ is the process by which firms assess the effects of their marketing activities and programs and make necessary changes and adjustments. Marketing implementation Market watch Marketing control Test marketing 3. A Gucci bag sells for $120 in Italy and $240 in the United States due to the differences in the costs of distributing the product in the two countries. This phenomenon is called a(n) price escalation problem market pricing problem opportunity cost problem tactical pricing problem 4. ______ is an obligation to act in a way expected of a reasonable person. Liability Duty Litigation Reliance 5. Which characteristic of a marketing audit is described by the methodical evaluation of the macro- and micromarketing environments, objectives and strategies, system, and activities? Periodic Systematic Comprehensive Independent 6. The marketing audit reviews six components of the overall marketing arena including the marketing environment, marketing strategy, marketing organization, marketing systems, marketing productivity and marketing control marketing function marketing development marketing mix 7. Marketing effectiveness rating instruments and marketing audits are approaches to efficiency control annual-plan control profitability control strategic control 8. Your firm has decided to enter the international market with your product called Trema, a combination of a pocket organizer and cell phone. Even though the product has been a huge success in the home country, market research suggests some changes may be required before it can be introduced in Europe. Your CMO is of the opinion that the product requires certain extra features and the product will also have to be marketed differently. Your CMO is advocating dual adaptation forward adaptation straight extension product standardization 9. Which of the following is true regarding a marketing audit? It identifies the most-needed improvements and incorporates them into a ive-action plan with short- and long-run steps. It focuses on a firm’s macro marketing environment. It focuses on analysis of those marketing activities that have failed to produce adequate results. It relies on feedback from company managers for data and opinions. 10. To protect a creative work from being published in any other manner, a company or author would ____________ the material. patent copyright trademark freelance 11. A PR practitioner may be subject to conspiracy in these situations: when the practitioner participates in illegal action, counsels or guides the illegal policy, takes part in it, or imagines illegal policy may occur uncovers illegal action unknowingly works with a corrupt agency cooperates to further illegal action 12. Rising customer expectations, evolving employee goals and ambitions, and tighter government legislation and pressure are driving companies to operate flatter organizations manage shorter supply chains operate leaner manufacturing facilities practice a higher level of corporate social responsibility 13. Which of the following is an example of a distribution metric used for measuring the performance of marketing plans? Stock cover in days Customer acquisition Effective reach Market share 14. Which of the following is an example of a communication metric used for measuring the performance of marketing plans? Response rate Trial rate Sales growth New customer gains 15. A ________ is a comprehensive, systematic, independent, and periodic examination of a company's or business unit's marketing environment, objectives, strategies, and activities, with a view to determining problem areas and opportunities and recommending a plan of action to improve the company's marketing performance. marketing audit marketing metric marketing plan market-based scorecard analysis 16. Straight extension of the product means introducing a customized product to the foreign market with existing marketing strategy introducing the product to the foreign market with major changes to the product introducing a customized product to the foreign market with a new marketing strategy introducing the product to the foreign market without any changes to the product 17. A marketing audit is typically best conducted by a(n) internal marketing executive internal department a. self-audit outside consultant 18. Cadbury's "Sports for Schools" promotion offered sports and fitness equipment for schools in exchange for vouchers. The problem was that the public and media saw a perverse incentive for children to eat more chocolate, a product associated with obesity. Which of the following best summarizes Cadbury's problem? Consumers resented being sold an inferior product on the back of a cause-marketing program. Customers questioned the link between the product and the cause and saw the firm as self-serving and exploitive. Customers felt that the cause was not in sync with the company’s brand image. Consumers did not value the cause Cadbury was promoting. 19. Which of the following refers to the ability to meet humanity's needs without harming future generations? Greenwashing Ecological footprinting Sustainability Scalability 20. The purpose of strategic control is to understand the efficiency of the sales force, advertising, sales promotion, and distribution examine whether the company is pursuing its best opportunities with respect to markets, products, and channels examine where the company is making and losing money evaluate and improve the spending efficiency and impact of marketing expenditures 21. Which of the following is likely to be an important trend in marketing in the future? Marketing science Marketing intuition Manual marketing Mass marketing
Solution Description

1. The purpose of profitability control is to

understand the efficiency of the sales force, advertising, sales promotion, and distribution

evaluate and improve the spending efficiency and impact of marketing expenditures

examine where the company is making and losing money

examine whether the company is pursuing its best opportunities with respect to markets, products, and channels

2. ________ is the process by which firms assess the effects of their marketing activities and programs and make necessary changes and adjustments.

Marketing implementation

Market watch

Marketing control

Test marketing

3. A Gucci bag sells for $120 in Italy and $240 in the United States due to the differences in the costs of distributing the product in the two countries. This phenomenon is called a(n)

price escalation problem

market pricing problem

opportunity cost problem

tactical pricing problem

4. ______ is an obligation to act in a way expected of a reasonable person.

Liability

Duty

Litigation

Reliance

5. Which characteristic of a marketing audit is described by the methodical evaluation of the macro- and micromarketing environments, objectives and strategies, system, and activities?

Peri

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