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Marketing The Core Study Set 1
Quiz 1: Creating Customer Relationships and Value Through Marketing
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Question 221
Essay
Assume you are a salesperson for a direct marketing firm that does in-home jewelry parties.If most of your hosts or hostesses hold only one party a year,what strategies could you use to build strong customer relationships? If you are creating your own business for this example,make sure to describe your product(s)in your introductory sentence.
Question 222
Essay
Explain the marketing program that 3M used to reach the student target market for the Post-it Flag Highlighter and the rationale used for each element of the marketing mix.
Question 223
Essay
List the five environmental forces in a marketing decision that generally are outside the control of marketing managers.
Question 224
Essay
Explain what is meant by the concept of marketing utility.Identify and describe the four utilities created by marketing.
Question 225
Essay
Define the marketing concept.
Question 226
Essay
Explain the marketing program 3M used to reach the office worker segment with its Post-it Flag Pen.
Question 227
Essay
.Imagine you have the sole marketing rights to a new herbal shampoo that stops hair loss and actually causes new hair growth.You plan to sell your product on an Internet website,which you will advertise on late-night television.You are also hoping to obtain free publicity to place stories in men's fashion magazines.You are planning to sell online a 15-ounce bottle for $24.99 plus $7.99 shipping and handling.Using the information provided,identify each element of your marketing mix.
Question 228
Essay
At the BMW website,BMW.com,you can design your own BMW with the exact features you desire.If you choose to use this method to purchase a car,what type of utility(ies)has(have)been created?
Question 229
Essay
During October,kiosk or "pop-up" stores appear in many malls for the holiday season.Typically,these kiosks sell gift boxes of cheese,jewelry,and other items people think are appropriate seasonal gifts.In January,these retailers vanish.Is it possible for such a retailer to use relationship marketing? Explain your answer.
Question 230
Essay
Marketing managers use a combination of four tools in order to develop a complete marketing program to reach consumers.Briefly define these four tools.
Question 231
Essay
Explain Chobani's product strategy that makes Chobani yogurt different from its principal competitors.
Question 232
Essay
The Apple iPhone is rated by Consumer Reports as being one of the best smartphones in the industry.Define customer value.In what ways do you think the Apple iPhone provides value for its customers?