NAME: ________________________

Marketing Test One Test

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of 52 available terms
(1 exact duplicate found)

5 Written Questions

5 Matching Questions

  1. Marketing Concept
  2. Consumerism
  3. Monopolistic Competition
  4. Market Orientation
  5. Relationship Marketing
  1. a An organizationwide commitment to researching and responding to customer needs
  2. b Establishing long-term, mutually satisfying buyer-seller relationships
  3. c A competitive structure in which a firm has many potential competitors and tries to develop a marketing strategy to differentiate its product
  4. d Organized efforts by individuals, groups, and organizations to protect consumers' right
  5. e A philosophy that an organization should try to provide products that satisfy customers needs through a coordinated set of activities that also allows the organization to achieve its goals

5 Multiple Choice Questions

  1. A stage of the business cycle when unemployment is extremely high, wages are very low, total disposable income is at a minimum, and consumers lack confidence in the economy
  2. The provision or transfer or goods, services, or ideas in return for something of value
  3. Principles and standards that define acceptable marketing conduct as determined by various stakeholders
  4. A stage of the business cycle during which unemployment rises and total buying power declines, stifling both consumer and business spending
  5. The results of a company matching a core competency to opportunities it has discovered in the marketplace

5 True/False Questions

  1. Corporate CultureThe percentage of a market that actually buys a specific product from a particular company

          

  2. OligopolyA competitive structure in which a few sellers control the supply of a large proportion of a product

          

  3. Governmental RegulatoryThe process of assessing and interpreting the information gathered through environmental scanning

          

  4. Environment MixThe process of assessing and interpreting the information gathered through environmental scanning

          

  5. Market ShareThe percentage of a market that actually buys a specific product from a particular company