Deck 1: The Role of Marketing Research

Question 1

The Townsquare Tattler,a gossip tabloid,has decided to do some market research to help it sell more advertising.What should it seek to learn through its research?

A)Which of its stories are most popular
B)The demographic profile of its audience
C)How much readers are willing to pay for an issue
D)The size of its total readership
E)Both the demographic profile and size of its total readership.

Answer 1

E

Question 2

Marketing managers have an urgent need for information-the function traditionally responsible for providing it is

A)marketing communications.
B)accounting.
C)marketing research.
D)manufacturing and development.
E)the Federal Government.

Answer 2

C

Question 3

Solid marketing research is becoming increasingly important as the world moves to a

A)single monetary system.
B)global economy.
C)free market system of trade.
D)more regulated business environment.
E)All of these are correct.

Answer 3

B

Question 4

All businesses or organizations share a common problem:

A)They need information to develop and deliver products or services that satisfy customer needs.
B)They need a capable and creative marketing staff.
C)They need to invest sufficiently in marketing and marketing research.
D)All of these are correct.
E)None of these are correct.

Question 5

Marketing research used for _______ deals largely with determining which marketing opportunities are worthwhile and which are not promising for the firm.

A)planning
B)decision making
C)problem solving
D)performance monitoring
E)control

Question 6

The U.S.Bureau of Labor reports that employment for marketing research analysts is expected to grow much faster than the average for all occupations.Why is this?

A)Because the economy is growing
B)Because of increasing competition from offshore manufacturers
C)Because the demand for information continues to grow
D)None of these are correct.

Question 7

The basic function of marketing research is

A)to conduct surveys and analyze results.
B)to gather information needed to help managers make better decisions.
C)to monitor market trends and developments.
D)to gather intelligence on competitors.
E)All of these are correct.

Question 8

The largest producer of marketing facts is

A)non-profit organizations.
B)polling organizations like Gallup.
C)consumer product companies.
D)the Federal Government.
E)the media.

Question 9

Marketing research firms that collect certain information on a regular basis,which they then sell to interested clients,are involved in what kind of research?

A)Syndicated
B)Subscription
C)Institutional
D)Licensed
E)Copyrighted

Question 10

Marketing research is the process of gathering and interpreting data for use in

A)increasing sales volumes.
B)improving corporate profitability.
C)decreasing manufacturing defects.
D)developing more competitive products and services.
E)developing,implementing,and monitoring the firm's marketing plans.

Question 11

Acme Corporation has identified several new market opportunities but has limited funds to invest and therefore cannot pursue them all.Which function of market research will it conduct to identify the most promising opportunities?

A)Planning
B)Decision making
C)Problem solving
D)Performance monitoring
E)Control

Question 12

____________ marketing research helps management isolate trouble spots and keep abreast of current operations.

A)Planning
B)Decision-making
C)Problem-solving
D)Performance-monitoring
E)Control

Question 13

In the United States alone,what revenue does the marketing research industry produce?

A)$892 million
B)$11.2 billion
C)$51.2 billion
D)$91 billion
E)$2.2 trillion

Question 14

Which type of firm is one of the three major categories of firms that conduct marketing research?

A)Marketing research companies
B)Advertising agencies
C)Companies that produce or sell products and services
D)All of these are correct.
E)None of these are correct.

Question 15

Which of the following contributed most to the growth of marketing research?

A)Firms were producing too many unpopular products that no one wanted to buy.
B)Firms were experiencing stiff competition from foreign manufacturers.
C)Firms had to gauge market needs because they could no longer sell all they could produce.
D)Advertising agencies learned they could earn more client fees by doing marketing research.
E)Increased government regulation made marketing research a necessity.

Question 16

________ marketing research focuses on the short- or long-term decisions that the firm must make with respect to the elements of the marketing mix.

A)Planning
B)Decision-making
C)Problem-solving
D)Performance-monitoring
E)Control

Question 17

Marketing research is involved with which of these phases of the information management process?

A)The specification of what information is needed
B)The collection and analysis of the information
C)The interpretation of that information with respect to the objectives that motivated the study in the first place
D)All of these are correct.
E)None of these are correct.

Question 18

Which of the following is NOT a common marketing research job title?

A)Interviewer
B)Senior Analyst
C)Market Research Director
D)Clerical Supervisor
E)Computer Operator

Question 19

One of the most important roles for the marketing function within any organization is

A)streamlining manufacturing efficiency.
B)developing new products.
C)recruiting new employees.
D)understanding customers and their needs.
E)managing customer satisfaction.

Question 20

Which of the following currently uses market research?

A)Salespeople
B)Politicians
C)Clergy
D)Presidents of not-for-profit institutions
E)All of these are correct.

Question 21

The basic purpose of marketing research is to help develop new products.

Question 22

Which of the following is NOT a common activity of a marketing research department?

A)Determining the most efficient production sequences for a plant
B)Identifying the most effective type of ad from several alternatives
C)Assessing the impact(s)of changes in the marketing mix for a good marketing promotion
D)Establishing sales territory quotas
E)All of these are uncommon activities of the marketing research department.

Question 23

The Federal Government is the largest producer of marketing facts.

Question 24

A large marketing research firm has a focus on the energy industry.It collects information about the industry and publishes quarterly reports that are distributed to clients of the firm.It is said that this research firm is engaging in what kind of marketing research?

A)Specific
B)Syndicated
C)Commissioned
D)Focused
E)Private

Question 25

Which of the following is NOT a common activity of a marketing research department?

A)Measuring market potential
B)Location analysis
C)Creating new advertising
D)Sales analyses
E)Studying the competition's advertising

Question 26

Which of the following types of organizations do NOT conduct marketing research?

A)Producers of products and services
B)Non-profit organizations
C)Advertising agencies
D)Marketing research companies
E)All of these are correct.

Question 27

Camille's Calendar Company,after learning that the main sellers of the company's calendar products were limited to small gift shops,posed this question: Are there promising new markets for our products? This question focuses on which aspect of marketing research?

A)Planning
B)Problem solving
C)Control
D)Product placement
E)Distributorship selection

Question 28

Marketing research is the use of information to identify and define marketing problems.

Question 29

An advantage that marketing researchers who work for producers possess after working so closely with marketing intelligence is they often know more about ___________ than anyone else in the company.

A)customers
B)the industry
C)competitors
D)All of these are correct.
E)None of these are correct.

Question 30

Which of the following would find NO reason to use marketing research?

A)A large state-supported university
B)A small landscaping company in a small town
C)A police department of a large metropolitan city
D)A company like Proctor and Gamble that manufactures consumer goods
E)All of these would find some reason to use marketing research.

Question 31

The primary reasons for studying marketing research include:

A)Some may pursue a career in marketing research.
B)Knowledge of the marketing research makes for a "smarter" consumer.
C)Managers should know the benefits and limitations of marketing research.
D)Managers should gain an appreciation for the marketing research process.
E)All of these are correct.

Question 32

Which of the following skills are needed as a senior-level marketing researcher?

A)Statistical
B)Financial
C)Planning
D)Verbal communication
E)All of these are correct.

Question 33

A marketing research director that identifies and leads the direction in which the individual studies and overall programs go is said to be

A)responsible.
B)reactive.
C)proactive.
D)influential.
E)incompetent.

Question 34

Which of the following is NOT a potential application for marketing research principles and techniques?

A)The marketing of political candidates
B)Conducting public opinion polls
C)The marketing of services for the United Way
D)Determining the type of raw materials used
E)The needs and wants of your business customers

Question 35

Distribution and the list price of a product can be controlled by marketing management.

Question 36

Marketing managers generally focus their efforts on the elements of the marketing mix,which include all of the following EXCEPT

A)product.
B)price.
C)promotion.
D)purpose.
E)place.

Question 37

Which of the following marketing decisions can be safely made without the benefit of marketing research?

A)Changing the price of a best-selling product
B)Entering a new market
C)Determining which features should be included in a new product
D)Determining how much product to manufacture based on forecasted demand
E)All of these decisions are ideally made with supporting market research.

Question 38

A store manager for Kroger noticed that several of his regular customers have stopped coming to his store.He also noticed that most of these customers had started shopping at the Walmart Supercenter that had opened about a mile from Kroger a few months ago.The fundamental source of this marketing problem might best be described as

A)a planned change in the marketing environment.
B)serendipity.
C)an unplanned change in the marketing environment.
D)a planned change that occurred at the Kroger store.
E)None of these are correct.

Question 39

Spacely Sprockets,an aerospace manufacturer,commissioned a survey to determine whether the purchasers of its aircraft favored speed or fuel efficiency most.The survey results will influence which element of the marketing mix?

A)Price
B)Product
C)Place
D)Promotion
E)Preference

Question 40

Which of the following skills are NOT needed in marketing research?

A)Analytical
B)Production management
C)Communications
D)Human relations
E)Statistical

Question 41

Control-oriented marketing research focuses on the short- or long-term decisions that the firm must make with respect to the elements of the marketing mix.

Question 42

Marketing managers generally focus their efforts on the elements of the marketing mix that include production and publicity.

Question 43

About $35.00 is spent on research each year for every American man,woman,and child.

Question 44

Marketing research spans the informational boundary between the firm and its environment.

Question 45

Discuss at least four main functions of marketing research.

Question 46

Marketing research became a significant business activity after consumers began to have more choices in the marketplace.

Question 47

The marketing manager adjusts the marketing mix elements with the customer as the main target.

Question 48

Marketing research is a $5.2 billion industry in the United States.

Question 49

The basic purpose of marketing research is to assist marketing managers in making more informed decisions.

Question 50

Marketing research as an organizational function was adopted by most firms when they could no longer satisfy demand for their products.

Question 51

Successful marketing researchers tend to be proactive rather than reactive.

Question 52

Problem-solving marketing research focuses only on short-term marketing decisions with respect to the marketing mix elements.