Traits and Consumer Behaviour

What is a trait?

Traits are defined as enduring and stable patterns of behaviour, attitudes, emotions, that vary between individuals, and can act as chronic motivators that drive decision-making.

How do they relate to consumer behaviour and research?

As personality traits and consumer behaviours can be measured accurately, understanding the relationships between the traits and behaviours allows a researcher to understand the motivations. When a trait is correlated with a consumer behaviour, it can be inferred that whatever motivation this trait is connected to is the motivation for that behaviour.

What consumer personality measures have been found to be useful in explaining consumer reactions to promotion and marketing strategy?

- Innovativeness
- Dogmatism
- Ethnocentrism
- Character
- Need for uniqueness
- Susceptibility to interpersonal influence
- Optimum stimulation level
- Need for cognition
- Locus of control
- Uncertainty orientation.

What is Innovativeness?

Innovativeness is the degree to which an individual makes innovation decisions independently of the communicated experience of others, and is seen in early adoption, novelty seeking and creativity.

What is Dogmatism?

Dogmatism is the extent to which a person can react to information in the environment on its own merits. A highly dogmatic person is less concerned about ambiguous information if it is presented by prestigious communicators or authority figures, and is less likely to change their strong beliefs is these in the absence of these.

What is Ethnocentrism?

Ethnocentrism is a view of things in which one's now group is the centre of everything, and all others are scaled with reference to it, and imply support for a in-group. Consumer ethnocentrism is seen with preference for purchasing domestic products.

What is Character?

A consumer's social Character is a personality trait that on a continuum varies from an emphasis of inner direction (contemplation and inner values) to outer direction (looking to other of guidance and direction). Inner directed consumers more likely to try new products, while other directed prefer prestigious brands.

What is Need for uniqueness?

Need for uniqueness relates to an individuals pursuit of differentness relative to others that is achieved through acquisition, utilisation, and disposition of consumer goods for the purpose of developing and enhancing one's personal and social identity. NFU is associated with individualised decision making and a preference for specialist retailers, and less reliance on others choices, status, and luxury.

What is Susceptibility to interpersonal influence?

Susceptibility to interpersonal influence is the need to identify with or enhance one's image in the opinion of significant others throughout the acquisition and use of products and brands. SII is associated with receptiveness to behavioural change campaigns, and also to impulse buying due to the influence of factors in the external environment.

What is Optimum stimulation level?

Optimum stimulation level is defined as an arousal seeking tendency where every consumer prefers a certain level of stimulation, with behaviour driven to increase or decrease environmental stimulation to optimum levels. Consumers with high OSL will seek out additional information, variety, and new experiences and products.

What is Need for cognition?

Need for cognition relates to a preference for interpreting information. Consumers with high NFC prefer detailed product information and engage in detailed information searches. Low NFC indicates a preference in visual advertisements

What is Locus of control?

Locus of control relates to an individual's belief about the level of control they have over their environment. High LOC indicates a preference for use of complex products, self service technology, and being prepared and purposive in shopping behaviours.

What is Uncertainty orientation?

Uncertainty orientation is the degree to which an individuals accepts ambiguity in the marketplace. Low UO individuals prefer complete information and influences the degree of search carried out when considering purchases.

Stages of Business Buying Behavior.

Stages of Business Buying Behavior



1.Problem Recognition
2. General need description
3.Product Specification
4.Supplier Search
5. Proposal Education
6. Supplier Selection
7.Order-Routine Specification
8.Performance Review

1.Problem Recognition (Stages of Business Buying Behavior)

1st step: can result from internal or external stimuli.

2. General need description (Stages of Business Buying Behavior)

2nd Step: Having recognized a need, the buyer next prepares this step that describes the characteristics and quantity of the needed items or solutions.

3.Product Specification (Stages of Business Buying Behavior)

3rd Step: Once the buying organization has defined the need, it develops this, often with the help of a value analysis engineering team. Product value analysis is an approach to cost reduction in which the company carefully analyzes a product's or service's components to determine if they can be redesigned and made more effectively and efficiently to add value

4.Supplier Search (Stages of Business Buying Behavior)

4th step: conducts this step to find the best vendors.

5. Proposal Solicitation (Stages of Business Buying Behavior)

5th Step: the buyer invites qualified suppliers to submit proposals. The buyer next reviews the proposals and selects a supplier or suppliers

6. Supplier Selection (Stages of Business Buying Behavior)

6th step: the buyer will consider many supplier attributes and their relative importance.

7.Order-Routine Specification (Stages of Business Buying Behavior)

7th Step: It includes the final order with the chosen supplier or suppliers. Many large buyers now practice vendor-managed inventory, in which they turn over ordering and inventory responsibilities to their suppliers.

8.Performance Review (Stages of Business Buying Behavior)

8th Step: the buyer assesses the supplier's performance and provides feedback.

What are 5 ways selective demand can be stimulated?

What are 5 ways selective demand can be stimulated?



1. Differentiating the product from competing brands in the minds of potential buyers

2. Increasing the number of product uses and promoting them through advertising campaigns

3. Price Discount, Free samples, coupons

4.Encouraging existing customers to use more of the product

5. Promotions for large packaging size and multiple product use. increasing consumption

What 2 major trends have caused consumer-generated information to gain importance?

What 2 major trends have caused consumer-generated information to gain importance?



1. The increased tendency of consumers to publish their own thoughts, opinions, reviews, and product discussions through blogs or digital media.

2.Consumers' tendencies to trust other consumers over corporations. Consumers often rely on the recommendations of friends, family, and fellow consumers when making purchasing decisions.

The railroad industry at the turn of the century continued to define its mission as building and running railroads rather than meeting customers' transportation needs. As a result of this product-focused mission statement, the industry has been accused of __________ .

The railroad industry at the turn of the century continued to define its mission as building and running railroads rather than meeting customers' transportation needs. As a result of this product-focused mission statement, the industry has been accused of __________ .


Marketing myopia

Market mismanagement

Suboptimal target marketing

Product myopia

None of the above


Answer: Marketing myopia

Remington Arms continually monitors the legal-political environment for changes in legislation that may adversely impact the sales of its weapons. This type of analysis is usually part of the __________.

Remington Arms continually monitors the legal-political environment for changes in legislation that may adversely impact the sales of its weapons. This type of analysis is usually part of the __________.


MOA

SWOT threat analysis

SWOT weaknesses analysis

Marketing strategy analysis

None of the above


Answer: SWOT threat analysis

Which of the following is not part of the controlling stage of the strategic marketing process?

Which of the following is not part of the controlling stage of the strategic marketing process?


Clearly defined metrics that assess key dimensions of marketing and financial performance.

Procedures that ensure these metrics are accurate.

Procedures that ensure metrics are delivered to and acted upon by managers in a timely manner.

Reward systems that appropriately reward personnel for making timely and correct decisions.

All of the above are considered part of the controlling process.


Answer: All of the above are considered part of the controlling process.

A product's "position":

A product's "position":


Is how the product is perceived by its competitors.

Is the image it projects primarily in relation to competing products and the benefits the product delivers.

Describes its physical characteristics

Refers to the retail shelf space taken by the product relative to competing products.

None of the above


Answer: Is the image it projects primarily in relation to competing products and the benefits the product delivers.

Which of the following is least associated with Key Success Factors (KSFs)?

Which of the following is least associated with Key Success Factors (KSFs)?


KSFs are things that firms must possess that are critial to the firm's survival in an industry.

Are identified during the industry analysis component of SWOT

Usually consist of physical assets or other critical resources

Can also become sources of competitive advantage

Are essential components of the 'controlling' phase of the marketing management process.


Answer: Are essential components of the 'controlling' phase of the marketing management process.

Innovative software traditionally defined its mission as 'developing innovative spread-sheet applications.' Consultants hired by Innovative Software argue that the firm is defining its mission too narrowly, from a 'product perspective.' To avoid falling into the trap of 'marketing myopia,' how would you recommend that Innovative Software redefine its mission?

Innovative software traditionally defined its mission as 'developing innovative spread-sheet applications.' Consultants hired by Innovative Software argue that the firm is defining its mission too narrowly, from a 'product perspective.' To avoid falling into the trap of 'marketing myopia,' how would you recommend that Innovative Software redefine its mission?


Emphasize other products in addition to spreadsheets.

Focus on software solutions for meeting customer's applications-related needs.

Emphasize 'integrative' software products that work together as a 'seamless' combination.

Greater emphasis on 'customer service' and 'customer relations' as part of the current mission statement.

No change is needed -- the consultants are wrong.


Answer: Focus on software solutions for meeting customer's applications-related needs.

The product-market expansion grid is a useful way to view the range of potential market opportunities available to firms. The dimensions of the matrix are new vs. exiting markets and new vs. existing ________.

The product-market expansion grid is a useful way to view the range of potential market opportunities available to firms. The dimensions of the matrix are new vs. exiting markets and new vs. existing ________.


Products

Production facilities

Marketing mixes

Geographic locations for distribution

None of the above


Answer: Products

Remington Arms is investigating its capacity to exploit new markets. Specfically, the firm is critically evaluating its available capital, technical and managerial expertise, and plant capacity. Remington evidently is conducting the ____________ component of SWOT analysis.

Remington Arms is investigating its capacity to exploit new markets. Specfically, the firm is critically evaluating its available capital, technical and managerial expertise, and plant capacity. Remington evidently is conducting the ____________ component of SWOT analysis.


Customer analysis

Competitor analysis

Industry analysis

Positioning

Critical resouces


Answer: Critical resouces

If the owner of a children's day-care center were to answer the question, "what business are you in?" with the statement, "We nurture children and provide them with a homelike environment that keeps their separation anxieties to a minimum", it would be identifying its _______.

If the owner of a children's day-care center were to answer the question, "what business are you in?" with the statement, "We nurture children and provide them with a homelike environment that keeps their separation anxieties to a minimum", it would be identifying its _______.


Mission

Vision

Marketing orientation

Product definition

None of the above


Answer: Mission

A firm is engaged in assessing the relative size of a market segment in terms of unit and dollar sales along with its potential market share in that segment. The firm is conducting the _____________ component of the SWOT analysis.

A firm is engaged in assessing the relative size of a market segment in terms of unit and dollar sales along with its potential market share in that segment. The firm is conducting the _____________ component of the SWOT analysis.


Demand analysis

Customer analysis

Competitor analysis

Industry analysis

Positioning


Answer: Demand analysis

When searching for new market opportunities, which area of product-market focus is least likely to take the firm beyond its current mission?

When searching for new market opportunities, which area of product-market focus is least likely to take the firm beyond its current mission?


Market development

Product development

Market penetration

Diversification

All are likely to move the firm into product-markets outside the scope of its current mission.


Answer: Market penetration

The __________ component of the marketing plan identifies the intended target markets that will be served, the market positions that will be sought, and generally describe how these markets will be served and the desired positions achieved.

The __________ component of the marketing plan identifies the intended target markets that will be served, the market positions that will be sought, and generally describe how these markets will be served and the desired positions achieved.


Executive Summary

SWOT Analysis

Marketing Strategic Focus

Marketing Objectives

Marketing Actions


Answer: Marketing Strategic Focus

Which of the following is least correct about the implementation stage of the strategic marketing process?

Which of the following is least correct about the implementation stage of the strategic marketing process?


Management should encourage specialization to foster greater efficiency.

Formal lines of authority and communications channels between people and departments should exist.

Managers should strive to simplify and avoid the "over-formalization" of marketing process.

Ensuring the effective implementation of marketing plans is solely the responsibility of marketing management within the marketing department.

Effective implementation of a marketing plan generally is more difficult than devising the marketing plan itself.


Answer: Ensuring the effective implementation of marketing plans is solely the responsibility of marketing management within the marketing department.

Wendy's ran a series of commercials employing the tagline "where's the beef?" The implication was that Wendy's burgers were bigger than those of McDonalds and Burger King. The positioning strategy in these ads illustrates:

Wendy's ran a series of commercials employing the tagline "where's the beef?" The implication was that Wendy's burgers were bigger than those of McDonalds and Burger King. The positioning strategy in these ads illustrates:


Benefit positioning

Lifestyle positioning

Competitive positioning

Usagec occasion positioning

Demographic positioning


Answer: Competitive positioning

When the National Football League (NFL) expanded into various cities in Western Europe, Europeans could watch football just as it's played in the U.S. According to Ansoff's product-market matrix, the NFL was using a strategy of _______________.

When the National Football League (NFL) expanded into various cities in Western Europe, Europeans could watch football just as it's played in the U.S. According to Ansoff's product-market matrix, the NFL was using a strategy of _______________.


Market development

Product development

Penetration

Diversification

None of the above


Answer: Market development

Shannon's Brewery targets its craft beers to more affluent millenial consumers living in upscale suburbes in the DFW area. Shannons positions its beers as fire-brewed Irish ales of superior quality using natural spring waters. This desired position has been crafted using a judicious combination of marketing communications, public relations efforts, and some very positive publicity. In terms of the marketing plan the above description illustrates Shannon's ____________ .

Shannon's Brewery targets its craft beers to more affluent millenial consumers living in upscale suburbes in the DFW area. Shannons positions its beers as fire-brewed Irish ales of superior quality using natural spring waters. This desired position has been crafted using a judicious combination of marketing communications, public relations efforts, and some very positive publicity. In terms of the marketing plan the above description illustrates Shannon's ____________ .


Executive Summary

SWOT Analysis

Marketing Strategic Focus

Marketing Objectives

Marketing Actions


Answer: Marketing Strategic Focus

As part of the industry analysis component of SWOT analysis, marketing managers try to identify those 'factors' that firms in the industry must possess to survive and remain competitive. These factors are called:

As part of the industry analysis component of SWOT analysis, marketing managers try to identify those 'factors' that firms in the industry must possess to survive and remain competitive. These factors are called:


Survival factors

Key success factors

Viability requirements

Industry success factors

None of the above


Answer: Key success factors

Which type of 'positioning' strategy is probably your best bet for products that cannot be differentiated from those of competing brands based on physical characteristics or benefits delivered

Which type of 'positioning' strategy is probably your best bet for products that cannot be differentiated from those of competing brands based on physical characteristics or benefits delivered


Benefit positioning

Competitive positioning

Lifestyle positioning

Attribute positioning

All of the above will work equally as well


Answer: Lifestyle positioning

Microsoft recently introduced Windows 10. The changes included in this version of Windows essentially are fixes to problems encountered with Windows Vista. According to the product-market matrix, this is an example of a _______opportunity.

Microsoft recently introduced Windows 10. The changes included in this version of Windows essentially are fixes to problems encountered with Windows Vista. According to the product-market matrix, this is an example of a _______opportunity.


Product development

Market development

Market penetration

Diversification

None of the above


Answer: Product development

Which of the following is not a component of SWOT?

Which of the following is not a component of SWOT?


Target market identifcation

The MOA

Examination of potential environmental threats facing the firm

Determination of the firm's strengths

All of the above are parts of SWOT


Answer: Target market identifcation

Which of the following contributes to a 'good' mission statement?

Which of the following contributes to a 'good' mission statement?


Mission is expressed in terms of building and selling specific products

Mission is expressed in terms of competing in a specific industry

Mission statement is market focused

Mission is very narrowly defined so that definite competitive advantages can be obtained with finely tuned marketing programs.

All of the above


Answer: Mission statement is market focused

With respect to the product-market matrix, the most risky areas of market opportunity and those areas firms are advised not to investigate first are:

With respect to the product-market matrix, the most risky areas of market opportunity and those areas firms are advised not to investigate first are:


Product development opportunities

Diversification opportunities

Market development opportunities

Market penetration opportunities

All are likely to move the firm into product-markets outside the scope of its current mission.


Answer: Diversification opportunities

The firm's _________ is a statement of company purpose, identifying the business in which the firm perceives itself to be; it is a statement of the firm's primary areas of product and market focus.

The firm's _________ is a statement of company purpose, identifying the business in which the firm perceives itself to be; it is a statement of the firm's primary areas of product and market focus.


Marketing concept

Business objective

Business philosophy

Mission

Vision


Answer: Mission

A firm is investigating the existence of powerful suppliers and the existence of potential entry or exit barriers. The firm is conducting this investigation as part of the _______ .

A firm is investigating the existence of powerful suppliers and the existence of potential entry or exit barriers. The firm is conducting this investigation as part of the _______ .


Demand analysis

Customer analysis

Competitor analysis

Industry analysis

Positioning

Answer: Industry analysis

The Boston Consulting Group Growth-Share Matrix is designed to help firms with:

The Boston Consulting Group Growth-Share Matrix is designed to help firms with:


Planning the composition of their product portfolios

Managing the life cycles of individual brands

Appraising the effectiveness of specific marketing programs

Analyzing the industry in which the firm operates

Structuring the marketing mix for its brands.


Answer: Planning the composition of their product portfolios

Which of the following is least correct about the implementation stage of the strategic marketing process?

Which of the following is least correct about the implementation stage of the strategic marketing process?


Management should encourage specialization to foster greater efficiency.

Formal lines of authority and communications channels between people and departments should exist.

Managers should strive to simplify and avoid the "over-formalization" of marketing process.

Ensuring the effective implementation of marketing plans is the responsibility of all departments within a firm.

Effective implementation of a marketing plan generally is easier than devising the marketing plan itself.


Answer: Effective implementation of a marketing plan generally is easier than devising the marketing plan itself.

Remington Arms continually monitors the environment for social and cultural changes that may open new markets for the sales of its weapons. This type of analysis is usally part of the __________ .

Remington Arms continually monitors the environment for social and cultural changes that may open new markets for the sales of its weapons. This type of analysis is usally part of the __________ .


MOA

SWOT threat analysis

SWOT weaknesses analysis

Marketing strategy analysis

None of the above


Answer: MOA

The slide rule industry defined its mission as building and selling slide rules rather than meeting customers' problem-solving needs. As a result of this product-focused mission statement, the industry has been accused of __________ .

The slide rule industry defined its mission as building and selling slide rules rather than meeting customers' problem-solving needs. As a result of this product-focused mission statement, the industry has been accused of __________ .


Marketing myopia

Market mismanagement

Suboptimal target marketing

Product myopia

None of the above


Answer: Marketing myopia

Good mission statements posses a number of characteristics. Which of the following is not among them?

Good mission statements posses a number of characteristics. Which of the following is not among them?


Focus on the firm's distinctive competencies

Are not overly broad in scope i.e. trying to be all things to all markets

Are not too narrow in scope thereby causing firms to overlook potentially viable market opportunties

Tend to focus on satisfying a distinct set of market needs

Focus on defining mission as building and selling specific products.


Answer: Focus on defining mission as building and selling specific products.

Which of the following contributes to a 'good' mission statement?

Which of the following contributes to a 'good' mission statement?


Mission is expressed in terms of building and selling specific products

Mission is expressed in terms of competing in a specific industry

Mission statement builds on the firm's distinctive competencies

Mission is very narrowly defined so that definite competitive advantages can be obtained with finely tuned marketing programs.

All of the above


Answer: Mission statement builds on the firm's distinctive competencies

DFW Security Services targets high income professionals with custom-designed security systems. These systems are positioned as the premier systems availabe on the market. DFW Security employes a highly refined marketing mix to support its intended market position with target customers. What has just been described amounts to DFW's __________ .

DFW Security Services targets high income professionals with custom-designed security systems. These systems are positioned as the premier systems availabe on the market. DFW Security employes a highly refined marketing mix to support its intended market position with target customers. What has just been described amounts to DFW's __________ .


Marketing strategy

Marketing concept

Markeing program

Marketing mix

None of the above


Answer: Marketing strategy

Haggar Apparel, one of the United States' largest producers of ready-made custom-fit suits, has responded to the dress-down trend at work by adding jeans and a "relaxed, yet tailored" line of suits called City Casuals. Haggar anticipates that its current customers will be the primary consumers of the new line. According to the product-market matrix, Haggar Apparel is pursuing an opportunity of:

Haggar Apparel, one of the United States' largest producers of ready-made custom-fit suits, has responded to the dress-down trend at work by adding jeans and a "relaxed, yet tailored" line of suits called City Casuals. Haggar anticipates that its current customers will be the primary consumers of the new line. According to the product-market matrix, Haggar Apparel is pursuing an opportunity of:


Product development

Market penetration

Market development

Diversification

Differentiation


Answer: Product development

A written summary of the firm's marketing objectives, strategies, and specific courses of marketing action that also includes information on the assignment of personnel, budgets, and timetables is the:

A written summary of the firm's marketing objectives, strategies, and specific courses of marketing action that also includes information on the assignment of personnel, budgets, and timetables is the:


Strategic plan

Tactical Plan

Marketing Plan

MOA

None of the above


Answer: Marketing Plan

A marketing strategy consists of:

A marketing strategy consists of:




The target market

A desired market position

The marketing mix

Marketing manager

All of a, b, and c above.


Answer: All of a, b, and c above.

ABC Electronics, Inc. is reviewing progress made on its strategic marketing efforts. Management is very concerned that the reward mechanisms built into its marketing plan inadequately motivate proper decision making and is considering a revision to its strategic marketing plan. ABC is operating at the ___________ stage of the strategic marketing process.

ABC Electronics, Inc. is reviewing progress made on its strategic marketing efforts. Management is very concerned that the reward mechanisms built into its marketing plan inadequately motivate proper decision making and is considering a revision to its strategic marketing plan. ABC is operating at the ___________ stage of the strategic marketing process.


Product-Market Selection stage

Determining Position stage

Implementation stage

Controlling stage


Answer: Controlling stage

Russell Haley conducted a rather classic piece of research into how the toothpaste market could be segmented. Which of the following segments is predominantly male, shops mainly on price and does not look for any specific benefit from brands of toothpaste?

Russell Haley conducted a rather classic piece of research into how the toothpaste market could be segmented. Which of the following segments is predominantly male, shops mainly on price and does not look for any specific benefit from brands of toothpaste?


Worriers segment

Sensories segment

Sociables segment

General segment

None of the above


Answer: General segment

ABC Electonics, Inc. is reviewing progress made on its strategic marketing efforts. Management is very concerned that its marketing objectives have not been achieved and is considering a revision to its strategic marketing plan. ABC is operating at the ___________ stage of the strategic marketing process.

ABC Electonics, Inc. is reviewing progress made on its strategic marketing efforts. Management is very concerned that its marketing objectives have not been achieved and is considering a revision to its strategic marketing plan. ABC is operating at the ___________ stage of the strategic marketing process.


SWOT stage

Product-Market Selection stage

Determining Position stage

Implementation stage

Controlling stage


Answer: Controlling stage

When marketing managers attempt to identify "Key Success Factors" they typically are engaged in the _________________ component of the strategic marketing planning process.

When marketing managers attempt to identify "Key Success Factors" they typically are engaged in the _________________ component of the strategic marketing planning process.


Demand analysis

Customer analysis

Competitor analysis

Industry analysis

Positioning


Answer: Industry analysis

With respect to the product-market matrix, the least risky areas of market opportunity and those areas firms are advised to investigate first are:

With respect to the product-market matrix, the least risky areas of market opportunity and those areas firms are advised to investigate first are:


Joint development opportunities

Product development opportunities

Diversification opportunities

Market development opportunities

Market penetration opportunities


Answer: Market penetration opportunities

Which of the following is a component of the SWOT analysis?

Which of the following is a component of the SWOT analysis?


Identifying the firm's strengths

Examining the opportunities presented to the firm

Examining the environmental threats facing the firm

Examining the firm's business weaknesses

All of the above are components of SWOT.


Answer: All of the above are components of SWOT.

Which of the following is not part of the controlling stage of the strategic marketing process?

Which of the following is not part of the controlling stage of the strategic marketing process?


Clearly defined mission.

Clearly defined metrics that assess key dimensions of marketing and financial performance.

Procedures that ensure these metrics are accurate.

Procedures that ensure metrics are delivered to and acted upon by managers in a timely manner.

Reward systems that appropriately reward personnel for making timely and correct decisions.


Answer: Clearly defined mission.

The product-market expansion grid is a useful way to view the range of potential market opportunities available to firms. The dimensions of the grid are new vs. exiting products and new vs. existing _______

The product-market expansion grid is a useful way to view the range of potential market opportunities available to firms. The dimensions of the grid are new vs. exiting products and new vs. existing _______


Markets

Production facilities

Marketing mixes

Geographic locations for distribution

None of the above


Answer: Markets

Which is part of a lead distribution process?

Which is part of a lead distribution process?


a. Discarding leads that are not sales ready
b. Passing on sales-ready leads to the sales force
c. Continuing to contact leads that do not meet qualifying criteria
d. All of these are .


Answer: b. Passing on sales-ready leads to the sales force 

Qualifying sales leads means:

Qualifying sales leads means:


a. None of these is .
b. having a sales rep call the prospect.
c. determining which communications channel produced the lead.
d. asking a standard set of questions to determine needs and budget.


Answer: d. asking a standard set of questions to determine needs and budget. 

Conversion paths:

Conversion paths:


a. only apply to very large websites.
b. show how people move through a website.
c. explain why people leave a website.
d. are the same for all market segments.


Answer: b. show how people move through a website. 

The basic marketing strategies include:

The basic marketing strategies include:


a. customer value growth.
b. customer retention.
c. customer conversion.
d. All of these are .


Answer: d. All of these are .

Testing landing pages:

Testing landing pages:


a. takes extensive time and cost that is beyond the resources of most corporations.
b. can backfire if the QA team doesn't come up with the  use cases.
c. rarely results in improvements in the lead generation and conversion process.
d. can produce measurable improvements in the lead generation and management process.


Answer: d. can produce measurable improvements in the lead generation and management process. 

The EDGAR Online case history showed that:

The EDGAR Online case history showed that:




a. it is unlikely that the number of leads closed can be increased.
b. a lead scoring system can increase the number of leads ly classified.
c. it is not possible to increase the number of leads generated.
d. sales-ready leads are not actually significantly better than non-sales-ready leads are


Answer: b. a lead scoring system can increase the number of leads ly classified. 

Sources of inbound marketing sales leads include:

Sources of inbound marketing sales leads include:




a. None of these is .
b. mass mailings.
c. sales leads purchased from marketing agencies.
d. cold calling by the field sales force.


Answer: a. None of these is .

Reasons the lead generation and management process is important include:

Reasons the lead generation and management process is important include:


a. regulating the number of sales that are made.
b. reducing the cost of sales.
c. All of these are .
d. proving to management that marketing is showing results.


Answer: b. reducing the cost of sales.

Which of the following is a true statement about the cost of lead generation programs?

Which of the following is a true statement about the cost of lead generation programs?




a. It costs about the same to generate a B2C lead as it does to generate a B2B lead.
b. All of these statements are true.
c. Most B2B companies can generate leads at about the same cost.
d. Leads generated by inbound marketing are generally less expensive.


Answer: d. Leads generated by inbound marketing are generally less expensive. 

Customer personas:

Customer personas:



a. are used to breathe life into the data of customer profiles.
b. can only be used by the marketing department.
c. can only be used by the sales department.
d. are only used in B2B marketing.


Answer: a. are used to breathe life into the data of customer profiles. 

Why don't many organizations engage in lead optimization?

Why don't many organizations engage in lead optimization?


a. Implementing an optimized process requires postponing ROI.
b. All of these are .
c. Optimizing the lead process is an issue that is easy to ignore.
d. Efforts to maximize one team's performance can hurt performance in other areas


Answer: b. All of these are

Which is a true statement about the B2B buy cycle?

Which is a true statement about the B2B buy cycle?


a. Most companies determine the type of buying cycle they use.
b. All of these are .
c. The B2B buy cycle applies only to large manufacturing corporations.
d. The B2B buy cycle implies a process with multiple participants that occurs over time.


Answer: d. The B2B buy cycle implies a process with multiple participants that occurs over time. 

Purchasing scenarios are:

Purchasing scenarios are:


a. developed by outside agencies to corporate specifications.
b. different from scenarios used in corporate strategy development.
c. helpful to various departments in the company.
d. more useful for outbound marketing than for inbound marketing efforts.



Answer: c. helpful to various departments in the company.

Inbound marketing includes:

Inbound marketing includes:


a. direct mail promotions.
b. online advertising.
c. television advertising
d. content marketing.


Answer: d. content marketing. Correct

Dietrich Mateschitz, Red Bull's creator, stated "When we first started, we said that there is not an existing market for Red Bull." The reasons behind Red Bull's success include all of the following except:

Dietrich Mateschitz, Red Bull's creator, stated "When we first started, we said that there is not an existing market for Red Bull." The reasons behind Red Bull's success include all of the following except:



A) a market was created for Red Bull.
B) a market segment was found with unmet needs.
C) the blue-and-silver color on cans helped in Red Bull's popularity.
D) orthodox advertising strategies were used with tactics.
E) The Red Bulletin magazine helped in Red Bull's popularity.


Answer: C) the blue-and-silver color on cans helped in Red Bull's popularity.

Celeste Atkinson is a lifestyle and entertainment manager for Audi, and her job is to create buzz by ensuring that vehicles such as the Audi A8L and the S8 sports sedan figure in paparazzi photos. This is referred to as:

Celeste Atkinson is a lifestyle and entertainment manager for Audi, and her job is to create buzz by ensuring that vehicles such as the Audi A8L and the S8 sports sedan figure in paparazzi photos. This is referred to as:



A) lifestyle placement.
B) blockbuster placement.
C) promotion placement.
D) product placement.
E) photo placement.


Answer: D) product placement.

In fall 2002, a new Broadway production of Puccini's La Boheme was set in Paris circa 1957. The stage set included billboards for luxury pen maker Montblanc and Piper-Heidsieck champagne. This is an example of:

In fall 2002, a new Broadway production of Puccini's La Boheme was set in Paris circa 1957. The stage set included billboards for luxury pen maker Montblanc and Piper-Heidsieck champagne. This is an example of:



A) consumer sales promotion.
B) sampling.
C) product placement.
D) trade sales promotion.
E) global awareness.


Answer: C) product placement.

Product placement has reached the world of live theater and opera. The difference between product placement and other forms of promotion is:

Product placement has reached the world of live theater and opera. The difference between product placement and other forms of promotion is:



A) ethical concerns are not taken into account.
B) viewers are being marketed to subliminally without their consent.
C) products are focused showing different angles.
D) prominent personalities add a message about the product.
E) sponsors are recognized for their contribution.


Answer: B) viewers are being marketed to subliminally without their consent.

Chinese authorities ratified the WHO's Framework Convention on Tobacco Controls; which means:

Chinese authorities ratified the WHO's Framework Convention on Tobacco Controls; which means:



A) Chinese TV can show tobacco ads only after midnight.
B) tobacco companies cannot show ads on TV but can sponsor sports events.
C) all forms of tobacco promotion and sponsorships will be phased out by the year 2010.
D) tobacco companies can use sponsorships of health and sporting events.
E) tobacco companies can sponsor China's national soccer tournament after the year 2010.


Answer: C) all forms of tobacco promotion and sponsorships will be phased out by the year 2010.

A ban on billboards in Brazil meant they have to come down, and in addition, transit ads on buses and taxis were not allowed. Denied access to traditional outdoor advertising, companies devised a number of alternative ways to communicate with prospective customers. These ways included all of the following except:

A ban on billboards in Brazil meant they have to come down, and in addition, transit ads on buses and taxis were not allowed. Denied access to traditional outdoor advertising, companies devised a number of alternative ways to communicate with prospective customers. These ways included all of the following except:



A) Citibank used the color blue in much of its advertising.
B) ads were placed indoors in elevators.
C) ads were placed in rest rooms and other indoor traffic areas.
D) ads were placed on buses.
E) ads were placed using social media or online channels.


Answer: D) ads were placed on buses.

Traditional support media include:

Traditional support media include:



A) indoor posters.
B) billboards.
C) newspapers.
D) magazines.
E) catalogs.


Answer: B) billboards.

Interactive television (ITV) allows viewers to see the ad in its entirety by pressing a remote button; to order products from home-shopping channels; or choose different camera angles, such as in sports events. Comments by James Pennefather, brand manager for Smirnoff, UK, based on comparison of traditional TV ads to ITV features included all of the following except:

Interactive television (ITV) allows viewers to see the ad in its entirety by pressing a remote button; to order products from home-shopping channels; or choose different camera angles, such as in sports events. Comments by James Pennefather, brand manager for Smirnoff, UK, based on comparison of traditional TV ads to ITV features included all of the following except:



A) "it allows viewers to interact with programming."
B) "it is a lot more unproven."
C) "it needs further testing."
D) "it is a calculated risk."
E) "it may or may not succeed."


Answer: A) "it allows viewers to interact with programming."

Chinese direct-response television has learned that there are many obstacles that still need to be overcome, which include all of the following except:

Chinese direct-response television has learned that there are many obstacles that still need to be overcome, which include all of the following except:



A) consumers' savings rate is very low.
B) limited number of private telephones.
C) low penetration of credit cards.
D) delivery logistics in Beijing.
E) delivery logistics in Shanghai.


Answer: A) consumers' savings rate is very low.

Which of the following is not a useful guideline for U.S.-based direct marketers wishing to reach global customers?

Which of the following is not a useful guideline for U.S.-based direct marketers wishing to reach global customers?



A) Do not treat prospects as though they are Americans.
B) Do not automatically assume that a direct-mail campaign that works in one country will work in another country.
C) Do not assume that all Europeans are similar in their tastes and wants.
D) Customers should be able to return products to an address in their local country market.
E) Focus on all countries included in the European Union.


Answer: E) Focus on all countries included in the European Union.

Which of the following environmental characteristics affects use of direct marketing in Europe?

Which of the following environmental characteristics affects use of direct marketing in Europe?



A) the European Commission's concern about privacy
B) high postal rates in several European countries
C) industries in Europe are still developing complete mailing lists
D) linguistic, cultural, and regional diversity
E) all of the above


Answer: E) all of the above

Which of the following is not characteristic of mass marketing?

Which of the following is not characteristic of mass marketing?



A) Product benefits do not typically include home delivery.
B) Advertising is used to generate an immediate inquiry or purchase.
C) Repetition of ads is the key to awareness and remembering.
D) The customer perceives relatively little risk.
E) Purchase action is deferred.


Answer: B) Advertising is used to generate an immediate inquiry or purchase.

Which of the following is not characteristic of direct marketing?

Which of the following is not characteristic of direct marketing?



A) A marketer relinquishes control of product when it is turned over to channel intermediaries.
B) Advertising serves to generate an immediate inquiry or purchase.
C) Repetition is used in individual advertisements.
D) The customer experiences high perceived risk.
E) Direct response advertising is used.


Answer: A) A marketer relinquishes control of product when it is turned over to channel intermediaries.

Benefits for using sales agents include all of the following except:

Benefits for using sales agents include all of the following except:



A) agents work under contract rather than as full-time employees.
B) agents are less expensive than full-time, in-country national sales representatives.
C) agents possess the same market knowledge as in-country nationals.
D) agents can eventually replace manufacturer's sales agents.
E) agents possess the same cultural knowledge as in-country nationals.


Answer: D) agents can eventually replace manufacturer's sales agents.

After much trial and error in creating sales forces, most companies today attempt to establish a:

After much trial and error in creating sales forces, most companies today attempt to establish a:



A) hybrid sales force composed of expatriates and in-country nationals.
B) sales force composed of a majority of expatriates.
C) hybrid sales force composed of expatriates and third country nationals.
D) sales force composed of third country nationals.
E) sales force consisting of all in-country nationals.


Answer: A) hybrid sales force composed of expatriates and in-country nationals.

Other international personal selling approaches that fall somewhere between sales agents and full-time employee teams include all of the following except:

Other international personal selling approaches that fall somewhere between sales agents and full-time employee teams include all of the following except:



A) exclusive license arrangements.
B) contract manufacturing or production.
C) management-only agreements.
D) franchising.
E) joint ventures.


Answer: B) contract manufacturing or production.

Which of the following is a disadvantage of using an expatriate sales force?

Which of the following is a disadvantage of using an expatriate sales force?



A) superior product and company knowledge
B) capability to institute the acceptable practices
C) follow policies of the home office
D) enhanced promotion prospects
E) maintaining is very expensive


Answer: E) maintaining is very expensive

A company with a polycentric orientation is likely to employ host-country nationals in all but which of the following selling situations?

A company with a polycentric orientation is likely to employ host-country nationals in all but which of the following selling situations?



A) selling high-tech products in developed countries
B) selling high-tech products in less-developed countries
C) selling low-tech products in developed countries
D) selling low-tech products in less-developed countries
E) none of the above


Answer: A) selling high-tech products in developed countries

Negotiation requires both customer and the salesperson:

Negotiation requires both customer and the salesperson:



A) to be persistent in their point of view.
B) to be subjected to arm-twisting.
C) to agree to disagree.
D) come away as winners.
E) come away as losers.


Answer: C) to agree to disagree.

Building a prospect base is typically part of which step of the strategic/consultative selling model?

Building a prospect base is typically part of which step of the strategic/consultative selling model?



A) development of a customer strategy
B) development of a personal selling philosophy
C) development of a product strategy
D) development of a relationship strategy
E) development of a presentation strategy


Answer: A) development of a customer strategy

Which of the following is not a step in the strategic/consultative selling model?

Which of the following is not a step in the strategic/consultative selling model?



A) develop a marketing mix
B) develop a personal selling philosophy
C) develop a product strategy
D) develop a relationship strategy
E) develop a presentation strategy


Answer: A) develop a marketing mix

Environmental issues and challenges faced by a company which is in the initial stages of implementing a personal selling strategy include all of the following except:

Environmental issues and challenges faced by a company which is in the initial stages of implementing a personal selling strategy include all of the following except:



A) political risks.
B) regulatory hurdles.
C) product innovation.
D) currency fluctuations.
E) market unknowns.


Answer: C) product innovation.

It was found that Malaysians hesitate to use coupons due to the:

It was found that Malaysians hesitate to use coupons due to the:



A) lower power distance.
B) higher uncertainty avoidance.
C) fear of public embarrassment.
D) impact of religion.
E) general dislike for coupons.


Answer: C) fear of public embarrassment.

A box of Crest toothpaste contains a coupon entitling the buyer to save 50 cents when purchasing a Crest toothbrush. What type of sales promotion does this represent?

A box of Crest toothpaste contains a coupon entitling the buyer to save 50 cents when purchasing a Crest toothbrush. What type of sales promotion does this represent?



A) cross coupon
B) product placement coupon
C) trade promotion coupon
D) freestanding coupon
E) online coupon


Answer: A) cross coupon

Spoexa, a food-marketing company was hired by French Ministry of Agriculture to organize cocktail parties in 19 countries in order to:

Spoexa, a food-marketing company was hired by French Ministry of Agriculture to organize cocktail parties in 19 countries in order to:



A) promote French wines.
B) promote French cheese.
C) show that French cuisine is laid back.
D) show that French wines are superior.
E) show how to use French cuisine.


Answer: C) show that French cuisine is laid back.

PepsiCo experienced great success in Latin America with its Numeromania contest, which lured consumers by promise of big cash prizes. They used the same contest in Poland successfully. This shows that:

PepsiCo experienced great success in Latin America with its Numeromania contest, which lured consumers by promise of big cash prizes. They used the same contest in Poland successfully. This shows that:



A) Numeromania can be used in different languages.
B) Numeromania can be used in cash starved countries.
C) leverage experience gained in one country can be used in another country.
D) economically squeezed consumers love Pepsi.
E) Numeromania helped in developing a taste for Pepsi in both countries.

Answer: C) leverage experience gained in one country can be used in another country.

In a contest of 45 different languages covering 60 countries, marketers for Axe Apollo invited consumers to fill out an "astronaut profile." This is an example of:

In a contest of 45 different languages covering 60 countries, marketers for Axe Apollo invited consumers to fill out an "astronaut profile." This is an example of:



A) promotion of different types for marketing.
B) promotion of interest in space exploration.
C) people in different countries prefer different topics.
D) astronaut profile varies from country to country.
E) sales promotion by global marketer.


Answer: E) sales promotion by global marketer.

To fight counterfeiting, the "Disney Magical Journey" promotion was keyed to mail-in hologram stickers on genuine Disney products. Participants could win Disney DVDs, TV sets, and trips to Hong Kong Disneyland. This is an example of:

To fight counterfeiting, the "Disney Magical Journey" promotion was keyed to mail-in hologram stickers on genuine Disney products. Participants could win Disney DVDs, TV sets, and trips to Hong Kong Disneyland. This is an example of:



A) promotion of different types for marketing.
B) promotion of Disney Magical Journey.
C) people in many countries prefer mail-in hologram.
D) "Disney Magical Journey" is popular worldwide.
E) sales promotion by global marketer.


Answer: E) sales promotion by global marketer.

The success of the Stratos project helps the Red Bull by:

The success of the Stratos project helps the Red Bull by:



A) having their logo on NASCAR cars.
B) using You Tube as an effective marketing tool.
C) standing out from a crowded field of competitors.
D) utilizing free-standing inserts.
E) personal selling.


Answer: C) standing out from a crowded field of competitors.

Which of the following is not an advantage of using sales promotions?

Which of the following is not an advantage of using sales promotions?



A) provides a tangible incentive to buyers
B) provides accountability to marketing managers
C) enables company to build its database
D) builds long-term brand awareness
E) develops relationship with customers


Answer: C) enables company to build its database

The furniture industry has become one of the fastest-growing sectors of China's economy. Furniture imports are flooding into the United States from China. This can be attributed to:

The furniture industry has become one of the fastest-growing sectors of China's economy. Furniture imports are flooding into the United States from China. This can be attributed to:



A) the quality of furniture is better than that made in Europe.
B) American tastes in décor have changed.
C) China's low labor rates translate into reasonable prices for consumers.
D) China can survive tough competition.
E) replacement parts are readily available from China.


Answer: C) China's low labor rates translate into reasonable prices for consumers.

The chief executives of Swiss Swatch Group and Japanese Canon would like to:

The chief executives of Swiss Swatch Group and Japanese Canon would like to:



A) outsource all of the manufacturing units overseas in order to save money.
B) outsource a majority of the manufacturing functions overseas.
C) retain a majority, if not all, of the manufacturing in their home country.
D) establish "call centers" in developing countries in order to save labor costs.
E) outsource a full line of new products only.


Answer: C) retain a majority, if not all, of the manufacturing in their home country.

If the dollar, the yen, or the euro becomes seriously overvalued, a company with a production capacity in other locations can achieve competitive advantage by:

If the dollar, the yen, or the euro becomes seriously overvalued, a company with a production capacity in other locations can achieve competitive advantage by:



A) buying different currencies before major fluctuations take place.
B) conducting transactions in different currencies of the world.
C) shifting production among different sites.
D) cutting down production and waiting until the currency rate is reasonable.
E) reducing production and labor force simultaneously.


Answer: C) shifting production among different sites.

A number of explanations have been offered for the low level of U.S. exports relative to other countries. All of the following can be considered as reasons for low level of exports except:

A number of explanations have been offered for the low level of U.S. exports relative to other countries. All of the following can be considered as reasons for low level of exports except:



A) limited ambition by many American business owners.
B) lack of knowledge of market opportunities abroad.
C) perceived lack of necessary resources.
D) marketing to home-country users is easier than exporting.
E) a strong U.S. dollar translates into less affordable prices in export markets.


Answer: E) a strong U.S. dollar translates into less affordable prices in export markets.

In which of the following forms of export financing does a bank assume a financial obligation?

In which of the following forms of export financing does a bank assume a financial obligation?



A) with an L/C but not a documentary collection
B) with a documentary collection but not an L/C
C) neither an L/C nor a documentary collection requires a bank to assume financial obligation
D) with either an L/C or a collection letter
E) with both an L/C and a documentary collection


Answer: B) with a documentary collection but not an L/C

Which of the following incorrectly states the role of banks in import/export transactions involving a letter of credit (L/C)?

Which of the following incorrectly states the role of banks in import/export transactions involving a letter of credit (L/C)?



A) The exporter's bank is the advising and/or confirming bank.
B) The importer's bank is the advising and/or confirming bank.
C) The importer's bank is the advising, confirming, and issuing bank.
D) The exporter's bank is the advising, confirming, and issuing bank.
E) The importer's bank is neither advising nor confirming bank.


Answer: B) The importer's bank is the advising and/or confirming bank.

Which of the following arranges export financing payment methods in descending order starting with the most secure/reliable and ending with the least secure/reliable?

Which of the following arranges export financing payment methods in descending order starting with the most secure/reliable and ending with the least secure/reliable?



A) sales on open account→cash in advance→documentary credit (L/C)→documentary collection (draft)
B) documentary credit (L/C)→sales on open account→documentary collection (draft)→cash in advance
C) documentary collection (draft)→documentary credit (L/C)→cash in advance→sales on open account
D) cash in advance→documentary credit (L/C)→documentary collection (draft)→sales on open account
E) none of the above


Answer: D) cash in advance→documentary credit (L/C)→documentary collection (draft)→sales on open account

Which set of documents generally represents the minimum documentation required to clear a shipment through customs?

Which set of documents generally represents the minimum documentation required to clear a shipment through customs?



A) packing list, commercial invoice
B) bill of exchange, commercial invoice
C) certificate of origin, bill of exchange
D) packing list, insurance certificate
E) letter of credit, commercial invoice


Answer: B) bill of exchange, commercial invoice

Which of the following correctly states the role of banks in import/export transactions involving a letter of credit (L/C)?

Which of the following correctly states the role of banks in import/export transactions involving a letter of credit (L/C)?



A) The importer's bank is the advising and/or confirming bank; the exporter's bank is the issuing bank.
B) The exporter's bank is the advising and/or confirming bank; the importer's bank is the issuing bank.
C) The exporter's bank is the advising, confirming, and issuing bank.
D) The importer's bank is the advising, confirming, and issuing bank.
E) none of the above


Answer: B) The exporter's bank is the advising and/or confirming bank; the importer's bank is the issuing bank.

______ is an independent marketing intermediary that acts as the export department for two or more manufacturers whose product lines do not compete with each other.

______ is an independent marketing intermediary that acts as the export department for two or more manufacturers whose product lines do not compete with each other.



A) Manufacturer's export agent
B) Export commission representative
C) Export merchant
D) Export management company
E) Cooperative exporter


Answer: D) Export management company

_____ are licensed specialists in traffic operations, customs clearance, and shipping tariffs and schedules. They can be considered as the travel agents for handling export goods.

_____ are licensed specialists in traffic operations, customs clearance, and shipping tariffs and schedules. They can be considered as the travel agents for handling export goods.



A) Foreign purchasing agents
B) Export brokers
C) Export merchants
D) Freight forwarders
E) Cooperative exporters


Answer: D) Freight forwarders

Direct representation, as opposed to representation by independent intermediaries for exporting in the market country, has several advantages which do not include:

Direct representation, as opposed to representation by independent intermediaries for exporting in the market country, has several advantages which do not include:



A) facilitates control and communications.
B) allows decisions concerning program development and resource allocation.
C) benefits when a product is not yet established in a market.
D) ensures marketer's interest and special efforts.
E) helps selling products directly to the consumer in the market country.


Answer: E) helps selling products directly to the consumer in the market country.

Which of the following is sometimes referred to as a "buyer for export" or an "export commission house" and operates on behalf of a buyer from a foreign country?

Which of the following is sometimes referred to as a "buyer for export" or an "export commission house" and operates on behalf of a buyer from a foreign country?



A) foreign purchasing agent
B) export broker
C) export merchant
D) export management company
E) freight forwarder


Answer: A) foreign purchasing agent

After the aftermath of the tragedy involving fire in garment factories in Bangladesh, it was found that the buildings were inspected by:

After the aftermath of the tragedy involving fire in garment factories in Bangladesh, it was found that the buildings were inspected by:



A) Dhaka's building-safety authority.
B) Business Social Compliance Initiative (BSCI).
C) Walmart's approved contractors.
D) Worker Rights Consortium.
E) Interfaith Center for Corporate Responsibility.


Answer: B) Business Social Compliance Initiative (BSCI).

After the aftermath of the tragedy involving fire in garment factories in Bangladesh, Walmart implemented a "zero-tolerance policy." The Workers Rights Consortium, International Labor Organization and other groups monitoring labor issues are stepping up pressure on the companies that participate in the global garment supply chain due to the following reasons, except:

After the aftermath of the tragedy involving fire in garment factories in Bangladesh, Walmart implemented a "zero-tolerance policy." The Workers Rights Consortium, International Labor Organization and other groups monitoring labor issues are stepping up pressure on the companies that participate in the global garment supply chain due to the following reasons, except:



A) retailers pay lip service to concerns about factory safety.
B) retailers continue to focus on low prices.
C) those auditing facilities are audited by BSCI's qualified engineers.
D) the buyers and consumer are willing to pay more for garments.
E) retailers do not provide funds for fire safety training.


Answer: C) those auditing facilities are audited by BSCI's qualified engineers.

The United States have given Normal Trade Relations (NTR) status to some 180 countries. In actuality only four countries are excluded from this status which includes all of the following countries except:

The United States have given Normal Trade Relations (NTR) status to some 180 countries. In actuality only four countries are excluded from this status which includes all of the following countries except:



A) North Korea.
B) Iraq.
C) Iran.
D) Cuba.
E) Libya.


Answer: B) Iraq.

A nontariff barrier (NTB) includes all of the following except:

A nontariff barrier (NTB) includes all of the following except:



A) quota.
B) discriminatory procurement policies.
C) restrictive administrative policies.
D) restrictive technical regulations.
E) ad valorem duty.


Answer: E) ad valorem duty.

Restrictive administrative and technical regulations can create barriers to trade which may take all of the following forms except:

Restrictive administrative and technical regulations can create barriers to trade which may take all of the following forms except:



A) antidumping regulations.
B) product size regulations.
C) safety and health regulations.
D) common agricultural policies.
E) safety and pollution regulations.


Answer: D) common agricultural policies.

Agricultural subsidies are particularly controversial because, although they protect the interests of farmers in some countries, they work to the detriment of farmers in countries such as:

Agricultural subsidies are particularly controversial because, although they protect the interests of farmers in some countries, they work to the detriment of farmers in countries such as:



A) Singapore.
B) the United States.
C) India.
D) Switzerland.
E) Japan.


Answer: C) India.

Export marketing requires all of the following except:

Export marketing requires all of the following except:



A) an understanding of the target market environment.
B) the use of marketing research.
C) identification of market potential.
D) decisions concerning product design.
E) reaching retail customers.


Answer: E) reaching retail customers.

The possible arrangements of the responsibilities for handling exports include all of the following except:

The possible arrangements of the responsibilities for handling exports include all of the following except:



A) as a part-time activity performed by domestic employees.
B) through an export partner affiliated with the domestic marketing structure.
C) through an export department within an international division.
D) through an export department that is independent of the domestic marketing structure.
E) through an export department of an embassy in a foreign country.


Answer: E) through an export department of an embassy in a foreign country.

Research has shown that exporting is essentially a developmental process that proceeds in different stages. Before a firm reaches stage 4, it must do one of the following activities:

Research has shown that exporting is essentially a developmental process that proceeds in different stages. Before a firm reaches stage 4, it must do one of the following activities:



A) explore the feasibility of exporting.
B) commit resources for exporting.
C) receive unsolicited export orders.
D) believe in attractiveness of exporting.
E) build confidence in firm's ability for exporting.


Answer: C) receive unsolicited export orders.

Which of the following is not true about a personal visit to size up the market firsthand and begin the development of an actual export-marketing program?

Which of the following is not true about a personal visit to size up the market firsthand and begin the development of an actual export-marketing program?



A) Confirm assumptions regarding market potential.
B) Contradict assumptions regarding market potential.
C) Gather additional data to help make decisions.
D) Develop a marketing plan in cooperation with local agents.
E) To have a face-to-face meeting and avoid going to trade shows.


Answer: E) To have a face-to-face meeting and avoid going to trade shows.

In the summer of 2006, it was announced that the company's Smart car would be offered for sale in the United States. Which global company was responsible for bringing the Smart car to market?

In the summer of 2006, it was announced that the company's Smart car would be offered for sale in the United States. Which global company was responsible for bringing the Smart car to market?



A) Swatch
B) Volkswagen
C) Nissan
D) Ford
E) DaimlerChrysler


Answer: E) DaimlerChrysler

Product problems initially made headlines in 2008 regarding a turbine blade manufactured by Suzlon and financed by John Deere. All of the following problems were encountered by Suzlon except:

Product problems initially made headlines in 2008 regarding a turbine blade manufactured by Suzlon and financed by John Deere. All of the following problems were encountered by Suzlon except:



A) wind energy cracked a turbine blade and broke off a tower in Illinois.
B) cracks were found on more than 60 blades on turbines run by Deere.
C) Suzlon was battling product reliability and durability problems.
D) Suzlon faced a cash crunch.
E) policymakers in many parts of the world supported Suzlon.


Answer: E) policymakers in many parts of the world supported Suzlon.

By definition, a ________ requires a large amount of learning on the part of users and typically creates new markets and consumption patterns.

By definition, a ________ requires a large amount of learning on the part of users and typically creates new markets and consumption patterns.



A) continuous innovation
B) dynamically continuous innovation
C) discontinuous innovation
D) platform-based innovation
E) new and improved innovation


Answer: C) discontinuous innovation

In Chinese markets, Nike had a problem using the "Just Do It" attitude which was not found to be appropriate. Finally, Nike decided to use Chinese athletes in their promotion. This type of adaptation was needed due to:

In Chinese markets, Nike had a problem using the "Just Do It" attitude which was not found to be appropriate. Finally, Nike decided to use Chinese athletes in their promotion. This type of adaptation was needed due to:



A) Chinese do not wear running shoes.
B) ingrained Chinese values which respect authority.
C) Chinese athletes use Nike shoes.
D) "Just do it" in Chinese has a negative connotation.
E) parents do not want their children to see such ads.


Answer: B) ingrained Chinese values which respect authority.