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Essay Marketing: The Art and Science of Satisfying Customers

Satisfactory Essays

Chapter 1—Marketing: The Art and Science of Satisfying Customers

MULTIPLE CHOICE

1. What utility does Cannondale create when the company combines aluminum and other components in the production of bicycles?
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ownership utilityform utilityplace utilitytime utility

ANS: B PTS: 1 …show more content…

What type of orientation does a company have when it assumes that customers will resist purchasing products NOT deemed essential and, therefore, the marketing department must overcome this resistance through personal selling and advertising? production orientationmarketing orientationsales orientationrelationship orientation

ANS: C PTS: 1 DIF: 1 REF: 9
OBJ: 1-2 BLM: Higher Order
NOT: AACSB Reflective Thinking | TB&E Model Marketing Plan

14. What characterizes a buyer’s market? more goods and services than buyersmore buyers than available goods and servicespractically no competition in the marketplaceslow economic growth

ANS: A PTS: 1 DIF: 1 REF: 9
OBJ: 1-2 BLM: Remember NOT: AACSB Analytic | TB&E Model Marketing Plan

15. What BEST explains the emergence of the marketing concept? higher production levelsa shift from a production to a sales orientationa shift from a seller’s market to a buyer’s marketa focus on product quality

ANS: C PTS: 1 DIF: 2 REF: 9
OBJ: 1-2 BLM: Remember NOT: AACSB Analytic | TB&E Model Marketing Plan

16. When did relationship marketing emerge? right after the end of World War IIduring the mid-1960sduring the mid-1980sduring the 1990s

ANS: D PTS: 1 DIF: 2 REF: 10
OBJ: 1-2 BLM: Remember NOT: AACSB Analytic |

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