Ask Marketing Management Expert

1. When the market research problem isn't clearly defined, a researcher should engage in _______ research.

A. syndicated marketing surveys
B. conclusive
C. data mining
D. exploratory

2. A(n) _______ is often used to illustrate the position of a firm's products or brands in consumers' minds.

A. loyalty timeline
B. mass-marketing analysis
C. VALS summary
D. perceptual map

3. Greta is concerned that one of the potential market segments she has identified for her dog grooming service is too small and doesn't contain sufficient buying power. Greta is concerned with whether the segment is

A. substantial.
B. responsive.
C. profitable.
D. reachable.

4. McDonald's used marketing research to develop a store redesign program worldwide. Among the recommendations from the marketing research were efforts for McDonald's to

A. create a quiet, more-private area for customers who wanted a more intimate meeting space.
B. eliminate drive-throughs in all future new restaurants.
C. abandon its traditional red-and-yellow color scheme for a more patriotic red, white, and blue.
D. identify three actionable segments, each with specific design needs.

5. Karen has identified four potential market segments for her Rent-A-Chef home meal catering service. The next step is to

A. decide whether to use undifferentiated segmentation.
B. evaluate the attractiveness of each segment.
C. develop a positioning strategy.
D. categorize each market segment by consumer demographics.

6. Assuming a market research study will reduce uncertainty associated with a proposed project, which of the following is the next major question that needs to be addressed before starting the study?

A. How will the results be presented?
B. Will observation research be considered intrusive?
C. How will the questions be defined?
D. Is top management committed to the study?

7. Commercial research firms like ACNielsen, J. D. Power, and Simmons Market Research Bureau are sources of

A. secondary data.
B. syndicated data.
C. data mining.
D. primary data.

8. Adidas Group owns Reebok, Rockport, and Greg Norman brands. Adidas uses the different brands to pursue a _______ segmentation strategy.

A. concentrated
B. differentiated
C. micromarketing
D. benefit

9. Several years ago, General Motors ran an advertising campaign for their Oldsmobile line of cars using the slogan, "Not your father's automobile" and a young woman as spokesperson. GM was attempting to _______ the Oldsmobile line.

A. identify a target market for
B. use salient feature differentiation for
C. reposition
D. position

10. One of the most important factors in creating solid, actionable recommendations is that market researchers must collect, record, analyze, and interpret data in a(n) _______ fashion.

A. systematic
B. entrepreneurial
C. synchronous rather than asynchronous
D. opportunistic

11. Company sales invoices, census data, and trade association statistics are examples of _______ data.

A. secondary
B. simplistic
C. primary
D. outdated

12. _______ segmentation is the most common basis of consumer market segmentation because these segments are easy to define and usually easy to reach.

A. Self-value
B. Demographic
C. Geographic
D. Psychographic

13. Because marketing is all about creating value for customers, dividing the market based on _______ segmentation can be quite useful.

A. benefit
B. self-actualization
C. psychographic
D. geographic

14. When Penguin Catering Services first opened, the owner decided to target only events at nearby resorts. Penguin Catering was using a _______ segmentation strategy.

A. benefit
B. concentrated
C. micromarketing
D. differentiated

15. CVS drugstores used both lifestyle and demographic segmentation to

A. develop a product mix and set of promotion messages to reach their most frequent and regular shoppers.
B. assist federal drug enforcement agents to track down illegal use of over-the-counter drugs.
C. determine what stores in what cities should carry lifestyle products like birth control.
D. close unprofitable stores, or stores that would become unprofitable in the near future.

16. Marketing researchers (both ethical and not) have found it more and more difficult to get quality information, especially about sensitive topics. Responsible marketers know they must _______ to get reluctant respondents to provide honest information.

A. use either focus group or in-depth interviews
B. deconstruct unstructured questions
C. assure consumers that their individual responses will be kept confidential
D. choose only extroverts and other marketing researchers

17. Victor's custom auctioneering service provides online auction selling assistance. Victor wants to determine which auction site is best for his customers. To address this question, Victor should next

A. determine which statistical procedures he will use.
B. identify the type of data he needs to have.
C. collect data.
D. outline the presentation format he will use.

18. As access to the Internet becomes nearly universal, it makes many potential market segments become more

A. identifiable.
B. perceptive.
C. reachable.
D. substantial.

19. If the results of marketing research provide information that's used in making management decisions, marketing research will

A. replace the need for detailed planning exercises.
B. become an executive staff function.
C. become an important profit center in its own right.
D. create value.

20. Retail checkout scanning systems create a tremendous amount of purchasing information usually stored in a company's

A. Web site.
B. syndicated data service.
C. iPod system.
D. data warehouse.

21. If values provide goals, and self-concept is the way we see ourselves, lifestyles are

A. motivations turned into perceptual maps.
B. images of how we should live our lives.
C. how we live our lives to achieve goals.
D. marketing manipulation of consumers' fears.

22. Benefit-cost analysis in market research weighs the

A. benefit of a MkIS versus the cost of syndicated data.
B. potential benefit of exploratory research against the exact benefit of conclusive research.
C. benefit of primary data research versus the benefit of secondary data research.
D. benefits of answering questions against the cost of the research.

23. If a marketing researcher is ready to move beyond preliminary insights, he or she is ready to engage in

A. conclusive research.
B. data warehousing.
C. syndicated marketing surveys.
D. exploratory research.

24. If a marketer feels the need to abandon the current configuration of the marketing mix to revitalize the product or service, one preferred option is

A. lifestyle symbolization utilization.
B. target concentration.
C. repositioning.
D. ideal-point perception planning.

25. Which of the following is a correct statement about segmentation schemes?

A. Firms are likely to use selected segmentation schemes to enter into undifferentiated markets.
B. Firms are likely to use multiple segmentation methods to leverage the capacities of each.
C. Firms are likely to use a different segmentation scheme depending on whether they're production, sales, or marketing oriented.
D. Firms are likely to use one or rarely two segmentation schemes as an economic convenience.

Marketing Management, Management Studies

  • Category:- Marketing Management
  • Reference No.:- M91876190
  • Price:- $25

Priced at Now at $25, Verified Solution

Have any Question?


Related Questions in Marketing Management

Question 1 application of conceptstime value of money2

Question: 1. Application of concepts/time value of money? 2. Which is more detrimental to a firm, pricing your product or service too high, or pricing your product or service too low? 3. Discuss the role of demographics ...

Question imagine that you are in the market for a new

Question: Imagine that you are in the market for a new career. How can the marketing research process apply to your career search? Think of a specific topic you need to learn more about that relates to your career as a o ...

Question strategic marketing planintroductionthis

Question: STRATEGIC MARKETING PLAN INTRODUCTION This assignment entails development of a comprehensive strategic marketing plan for a new product or service that is ready to "go to market". A Project Template is provided ...

Qestion ready set strive gen z is comingby janet adamy

Question: Ready, Set, Strive : Gen Z Is Coming By Janet Adamy | Sep 07, 2018 TOPICS: Consumer Behavior, External Marketing Environment, Targeting SUMMARY: About 17 million members of Generation Z are now adults and start ...

Question in your marketing plan you should1establish a

Question: In your Marketing Plan, you should: 1. Establish a Mission Statement and a Vision Statement for your new organization. 2. Briefly describe basic services it has been providing during the first six months of ope ...

Question 1review the terminal course objectives accessed by

Question: 1. Review the Terminal Course Objectives, accessed by clicking on the "Course Information" tab at the top of your screen, scrolling down to the "Course Objectives" and then selecting View class objectives. How ...

Question read the worddoc first and answer those following

Question: Read the word.doc first and answer those following question 1. Provide a list of at least five pieces of information that airlines have about their customers, and for each, explain how that information might he ...

In this unit you are asked to produce a public relations

In this unit you are asked to produce a Public Relations Campaign Proposal document and an essay that explains the theory behind your planned approach to the Proposal task. You may base your assessment on the suggested s ...

Question 1200 words on your favorite retailer and their

Question: 1200 words on your favorite retailer and their major competitor as discussed in class. This should focus on the different elements that make up the retail strategy of the companies and other factors that appeal ...

Question bulltype of paper assignmentbullsubject

Question: • Type of paper Assignment • Subject Other • Number of pages 1 • Format of citation Other • Number of cited resource s0 • Type of service Writing from scratch First, choose a piece of art from any genre (music, ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As