Quiz 1 Intro Marketing



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Quiz 1 Intro Marketing

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Question 1


Toys "R" Us is the name of a major retailer that sells toys and other kids products. What type of name is Toys "R" Us?

https://d396qusza40orc.cloudfront.net/marketing%2ftoys_-r-_us_logo.svg.png

Your Answer




Score

Explanation

Descriptive

Correct

1.00




Metaphor










Surname










Arbitrary










Altered










Blended










Invented










Total




1.00 / 1.00



Question 2


The image above, which displays Cadbury’s packaging over the course of the 20th century, is an example of the ____________, which is when companies use tiny little tweaks to make sure their packaging and brand stays modern.


https://d396qusza40orc.cloudfront.net/marketing%2fimg_choc_ages.jpg

Your Answer




Score

Explanation

Consumer packaged goods modernization theory










Just-noticeable difference

Correct

1.00




Butterfly effect










Total




1.00 / 1.00



Question 3


The tagline for Disneyland is "The Happiest Place on Earth." What type of tagline is this?

Your Answer




Score

Explanation

Descriptive










Superlative

Correct

1.00




Clever










Provocative










Imperative










Total




1.00 / 1.00



Question 4


Under the Elaboration Likelihood Model, a firm should only use central routing in their marketing messaging if customers have:

Your Answer




Score

Explanation

The ability to elaborate but NO motivation to elaborate.










The motivation to elaborate and the ability to elaborate.

Correct

1.00




The motivation to elaborate but NO ability to elaborate.










NO motivation to elaborate and NO ability to elaborate.










Total




1.00 / 1.00



Question 5


In relation to the Elaboration Likelihood Model, Professor Kahn discussed the peripheral cues that people use to accept or reject messages. Which of the following is NOT one of the peripheral cues that she mentioned?

Your Answer




Score

Explanation

Authority










Reciprocity










Logic

Correct

1.00




Liking










Consistency










Scarcity










Social proof










Classic conditioning










Total




1.00 / 1.00



Question 6


If a company has used a celebrity endorsement in an "imperative mode," what message is the celebrity conveying?

Your Answer




Score

Explanation

"You should use this product."

Correct

1.00




"I'm appearing with this product and thereby associate myself with it."










"I endorse this product."










"I use this product."










Total




1.00 / 1.00



Question 7


In her lecture, Professor Kahn discussed how difficult it was for Oldsmobile to reposition its automobiles among younger consumers. Perhaps they could have tried to evolve the Oldsmobile brand more gradually. All of the following are ways to evolve brands more gradually except for:

Your Answer




Score

Explanation

Symbols: updating symbols can provide updates without changing meanings.










New products, which can be true to the core identity but add modern, innovative elements.










Update the brand name to reflect evolving identities.










Announcements: explaining to your customers that the brand will now be focusing on a different customer segment.

Correct

1.00




Slogans, which are easier to change than names.










Total




1.00 / 1.00



Question 8


In the lectures, Professor Kahn discussed the Need Recognition phase. In the example below, at what point does the prospective customer “enter the blender market?”

Your Answer




Score

Explanation

When the customer decides he wants to buy a Kenmore blender.










When the customer’s blender breaks.










When the customer has bought a blender.










The customer is always in the blender market.

Inorrect

0.00




Total




0.00 / 1.00



Question 9


Which of the following is not one of the ways mentioned in the lectures to trigger the shopping process?

Your Answer




Score

Explanation

Create urgency (sales in brick and mortar stores; flash sales like Gilt does).










Create shopping goals (“Back to school”).










Create email lists (sales, event notifications).










Create negative campaigns around competitor products.

Correct

1.00




Create dialogue with customers.










Create new products (people didn’t know they needed an iPod).










Total




1.00 / 1.00



Question 10


Jane goes to buy a laptop. There are 53 available models in the world. Jane has heard of 12 of these models, of which she is considering buying 4 models. In this example, what is the number 12 referred to as?

Your Answer




Score

Explanation

Consideration set

Inorrect

0.00




Evoked set










Total set










Total




0.00 / 1.00



Question 11


For customer satisfaction, should a company be more concerned with actual performance or perceived performance?

Your Answer




Score

Explanation

Perceived performance

Correct

1.00




Actual performance










Total




1.00 / 1.00



Question 12


Jonah Berger's STEPPS framework helps us understand which messages catch on and get shared. Which of the following is NOT one of the factors in the STEPPS framework?

Your Answer




Score

Explanation

Public










Practical value










Popularity

Correct

1.00




Total




1.00 / 1.00



Question 13


Here is an example of a positioning statement for Volvo: "For upscale American families, Volvo is the family automobile that offers maximum safety." In this example, what serves as the frame of reference for the positioning statement?

Your Answer




Score

Explanation

Upscale American families










The claim of maximum safety










Unsafe cars










Other family automobiles

Correct

1.00




Volvos










Total




1.00 / 1.00



Question 14


Which of the following is NOT an element of the marketing mix?

Your Answer




Score

Explanation

Price










Place










Population

Correct

1.00




Product










Promotion










Total




1.00 / 1.00



Question 15


As the US has become more health conscious, we have seen many fast food chains like McDonalds and Burger King introduce healthier offerings like grilled chicken and salad options. This is an example of what course concept?

Your Answer




Score

Explanation

Category Points of Parity

Inorrect

0.00




Competitive Points of Difference










Category Points of Difference










Competitive Points of Parity










Total




0.00 / 1.00



Question 16


When Steve Jobs updated his company name from Apple Computer to Apple in 2007, which part of the brand positioning was he changing?

Your Answer




Score

Explanation

Frame of reference










Point of difference

Inorrect

0.00




Target segment










Total




0.00 / 1.00



Question 17


Which of the following is NOT TRUE about the Generation Y cohort?

Your Answer




Score

Explanation

They are independent and don't depend on social networking to connect with other members of their cohort.

Correct

1.00




They account for 30% of the population.










They were born between 1977 and and 1997.










They appreciate free content, access to wireless internet, and customization.










Total




1.00 / 1.00



Question 18


PRIZM is a segmentation scheme that defines the country based on what type of clusters?

Your Answer




Score

Explanation

Geographic

Correct

1.00




Occupational










Cohort










Demographic










Total




1.00 / 1.00



Question 19


In a buyer's market, the buyer has the power and the market is ______-focused.

Your Answer




Score

Explanation

Product










Customer

Correct

1.00




Total




1.00 / 1.00



Question 20


According to the lectures, what should a company's long-term marketing strategy be?

Your Answer




Score

Explanation

To be the best at one dimension and good enough at the other two dimensions (operational excellence, performance superiority, and customer intimacy).

Correct

1.00




To be AT fair value (operational excellence, performance superiority, and customer intimacy).










To be ABOVE "fair value" on each dimension (operational excellence, performance superiority, and customer intimacy).











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