The Ritz-Carlton has Service Values that guide employees in providing its Gold Standard service. One of the service values states, I own and immediately resolve guest problems. The Ritz-Carlton management uses _____ to provide customer service.
Toyota found that consumers wanted cars to last longer and be more environmentally friendly. GM, however, enjoyed being the top U.S. car producer and focused more on how many cars and trucks it could manufacture, not on what customers wanted from a vehicle. GM had more of a _____ orientation.
Which marketing management philosophy focuses on the question: What do customers want and need?
Which marketing management philosophy is often adopted by organizations that sell unsought products such as life insurance, retirement plans, and preplanned funeral services?
Frequent-flyer programs are an example of financial incentives to customers in exchange for their continuing patronage. After flying a certain number of miles or flying a specified number of times, the frequent-flyer program participant earns a free flight or some other award such as free lodging. Airlines that use frequent-flyer programs are practicing:
When customer expectations regarding product quality, service quality, and value-based price are met or exceeded, _____ is created
An organization with a(n) _____ believes that it exists not only to satisfy customer wants and needs and to meet organizational objectives but also to preserve or enhance individuals' and society's long-term best interests.
societal marketing orientation
Which of the following statements about a typical sales-oriented business is TRUE?
The company invests the majority of its resources in promoting its products and services
Walker Farms heard from many of its customers that they would like organic produce. As a result, Walker Farms became a certified organic farm. Walker realized that while not all consumers were willing to pay the higher prices for organic produce, his customers wanted the organic produce. Walker realized:
different customer groups have different needs and wants
Recession, inflation, and consumers' incomes are the _____ factors of greatest concern to most marketers.
A period of economic activity characterized by negative growth, which reduces demand for goods and services, is called a(n):
Consumers' concern for health issues affects the way food is marketed. For example, marketers must now list the number of grams of transfat on a product's nutrition label because it has recently come to light that this type of fat is harmful. Consumers' concern for health issues is a(n) _____ factor.
A(n) _____ is a defined group that managers feel is most likely to buy a firm's product.
All of the following are factors in the external environment affecting marketing EXCEPT:
the marketing mix
_____ is a measure of the decrease in the value of money, expressed as the percentage reduction in value since the previous year.
Commercial truck drivers have suffered financially as a result of increasing diesel fuel prices. As they look for ways to make their trucks perform more efficiently, manufacturers have created truck body designs that are more aerodynamically sound. This is an example of how _____ factors can help during recessionary periods.
Zimmer-Centerpulse is the world's largest producer of replacement hips and knees for orthopedic surgery. They are particularly interested in marketing in the southwestern United States, where a large aging population lives. Which external environmental element most directly explains its continued growth?
Every night, Universal Studios Japan hosts a fireworks display. The theme park recently came under government investigation when allegations were made that the park was detonating more than 50 pounds of explosives in its nightly fireworks displays. In the small nation, the use of explosives is stringently controlled. This is an example of how _____ factors can influence a business.
legal and political
A marketing manager would expect his or her product to be a high-involvement product for most consumers if it:
requires substantial financial investment
Ranked from the lowest to the highest level, Maslow's hierarchy of needs model includes:
physiological, safety, social, esteem, and self-actualization needs
While looking at the DVDs at Target, Tee tried to remember the name of the action movie starring Harrison Ford as an archeologist so he could buy the DVD. Which step of the consumer decision-making process is this?
Internal information search
Alanna is looking into purchasing a scooter as gas prices continue to rise. She needs a reasonably priced, comfortable, and safe scooter with room to store her books. She is not familiar with scooters, and this is a major purchase for her. The purchase will probably involve:
extensive decision making
Sam was driving when someone ran a stop sign and totaled his car. His car cannot be repaired, so he realized he's going to have to get another one. What stage of the consumer decision-making process does this represent?
The type of decision making that requires a moderate amount of time for gathering information and deliberating about an unfamiliar brand in a familiar product category is referred to as:
limited decision making
An external information search is especially important when:
there are high costs associated with making an incorrect decision
A group in society, such as family, friends, or a professional organization, that influences an individual's purchasing behavior is called a(n):
Homogeneous groups of people who share elements of the overall culture as well as unique elements of their own group are called:
_____ is characterized by low involvement, a short time frame, an internal-only information search, and low costs.
Routine response behavior
The steps of the consumer decision-making process in order are:
need recognition, information search, evaluation of alternatives, purchase, and postpurchase behavior
Rod saw a television commercial for a Honda S2000 and wants to test-drive one. The commercial is an example of a(n) _____ stimulus.
Mai Lin is checking out at the grocery store when she notices the candy display right next to the cash register. I haven't had a Mounds bar in years, she thinks. That looks good! I think I'll grab one. So she hands the candy to the cashier and says, I'll take this too. Mai Lin has just made a(n):
Which of the following is the BEST example of an internal stimulus that would create need recognition?
Rose is shopping for a new camera. She has set a maximum of $250 as the highest price she will pay, so she doesn't even bother considering cameras that cost more than that. Rose is narrowing the number of available choices by using a:
Andrea just purchased a trip to Jamaica as a present to her husband for their tenth wedding anniversary. Andrea is anxious about the trip, afraid Bill will not like her choice of location and worried she spent too much money. Andrea is experiencing:
The marketing manager of Gevalia gourmet coffees wants to target the gay male consumer because he thinks this segment of consumers appreciates and consumes gourmet coffee. Even though gay lifestyles are becoming more accepted socially, the manager is finding it difficult to determine the market potential for this segment because many gay consumers are not willing to admit their lifestyle publicly. Which criterion of a useful segment does this illustrate?
Identifiability and measurability
Modern Maturity magazine is targeted toward adults aged 50 years and older. It has articles on health and fitness as well as the arts and finance. What segmenting base is Modern Maturity using
A(n) _____ is a subgroup of individuals or organizations sharing one or more characteristics that cause them to have similar product needs
A(n) _____ is a group of people or organizations for which an organization designs, implements, and maintains a marketing mix intended to meet the needs of that group, resulting in mutually satisfying exchanges
Wine Spectator is a magazine that targets people who appreciate good wine and food. However, the discriminating reader of this magazine is also interested in travel and health, so the magazine features travel and health-related stories. This publication relies on _____ variables to identify its target market
Elaine perceives Cadillac automobiles to be for older men, not for young professional women such as herself. Elaine's perception represents Cadillac's _____ in her mind
Pharmaceutical firms have introduced new over-the-counter antacids that block the production of stomach acids while still marketing traditional antacids. Traditional antacids treat heartburn by neutralizing stomach acid. If sales of the new acid blockers reduce sales of the traditional antacids, then _____ has occurred.
General Mills offers a deal where its cereal users can collect box tops and submit them to General Mills to earn money for their children's schools. This program, called the Box Tops for Education Program, is a means of changing light users into heavier users. In other words, it is a form of _____ segmentation
Consumers in Louisiana love hot sauce, and Tabasco and Crystal brands are particularly popular there. Consumers in Michigan do not like hot food, so they purchase very little hot sauce. A national chain of grocery stores would likely use _____ segmentation when stocking condiment merchandise.
A series of stages determined by a combination of age, marital status, and the presence or absence of children is known as the:
family life cycle.
For years, fryer chickens sold in grocery stores were perceived to be a rather generic product. One brand of chicken was much like another. Then Frank Perdue began an advertising campaign to tell consumers that his brand of chicken was more tender, therefore a better choice. Perdue brought _____ to the marketing of fryer chickens.
Candace Popwell makes and markets Festive Holiday Truffles candy. The confectionery company owner views the world as one big market with no individual segments and tries to reach it with only one marketing mix. Her essentially mass-market philosophy indicates she probably uses a(n) _____ strategy
Tall Paul's designs and sells household furniture and furnishings to people who are over 6'6" tall a rather small target market. Tall Paul's uses a(n) _____ targeting strategy
What does the 80/20 principle propose?
Roughly 20 percent of a firm's customers purchase 80 percent of the sales volume of the product
Many children on the autism spectrum like to chew on clothing, paper, or anything that they can find. Kid Companions manufactures nontoxic, plastic chewable jewelry for kids to wear. The product is a great way to keep kids from chewing on their clothes, while letting them work through their chewing tendencies. However, the company is unsure how to reach parents and therapists with information about their product. This illustrates a segmentation problem with:
H&R Block launched a $100 million marketing campaign to parlay the company's intimate knowledge of 20 million customers' finances into other services like mortgages and investment advice. Block has great brand recognition, but consumers only care about it four months out of the year. H&R Block is attempting to _____ itself to make people think of it as a company offering services year-round
The place a product, brand, or group of products occupies in consumers' minds relative to competing offerings is referred to as a product's
Miller Lite's long-running Great Taste...Less Filling! advertising campaign was ranked by Advertising Age magazine as the 8th-best advertising campaign in history. Miller Lite was using _____ segmentation in this ad campaign.
Stouffer's offers gourmet entrees for one segment of the frozen dinner market and Lean Cuisine for another segment that wants both good taste and low calories. When Stouffer's chose to serve two well-defined market segments and develop distinct marketing mixes for each, it was implementing a(n) _____ strategy.
A(n) _____ could help determine whether or not snacking consumers consider Kashi Tasty Little Crackers healthy and tasty in comparison to other brands
Phillip Morris USA, the manufacturer of the Marlboro Ultra Smooth cigarette targeted to people who want to smoke a potentially safer cigarette, has asked for marketing research to explain the reasons for the recent failure of the new cigarette. This type of research is described as:
A _____ is a form of personal interviewing that uses a group of seven to ten people who have been recruited because of certain desired consumer characteristics.
Post Properties is a company that manages apartments in various communities. It is concerned with a glut of apartments in Atlanta, Orlando, and Dallas. Its market researcher begins by examining the rental markets in the Southeast, the history of apartment buildings, local economies, competitive rents, and ownership. All of this information was on hand and did not require any new research to locate. The market researcher looked at:
A regional airport manager conducted research to get a better understanding for the types of concessionaires to include in the planned terminal remodeling. She conducted two sets of group interviews, one with ten leisure flyers and another with ten business flyers. In each group, participants discussed what types of food, retail, and other services they wanted in the new terminal. These discussions are examples of:
A(n) _____ is characterized by the researcher altering one or more variables such as price or package design while observing the effects of those alterations on another variable (usually sales).
When Wilson, a manufacturer of tennis racquets, sent a team of researchers, designers, and tennis pros out to visit with 40 women tennis players of various abilities in locations from California to Florida to find out what women players want in a racquet, what kind of research were they conducting?
The most popular method for gathering primary data is _____, in which a researcher interacts with people to obtain facts, opinions, and attitudes.
The Johnsonville Sausage Company wants to know which areas of the country consume the most sausage. The company is not especially interested in an explanation for the popularity of sausage in different regions; it simply wants factual information about it. Johnsonville is interested in using marketing research in its _____ role.
While discussing an upcoming marketing research study of how the home decorating industry is affected by the teenage consumer, you emphasize the necessity of having a sample that is representative of the population. What type of sample must be used?
A probability sample
Your supervisor has instructed you to conduct a marketing research effort that will determine how your company's business customer demographics have changed. You have also been instructed to use primary data. You will:
develop a mail survey to study your primary market.
The first step in the marketing research process is to
identify and formulate the problem/opportunity to be studied
_____ research is the study of human behavior in its natural context, involving observation of behavior and physical setting.
The best experiments are those in which:
all variables are held constant except the ones being manipulated.
Which of the following is the BEST example of an effective question on a mail survey?
Have you ever put food out for wild birds?
Dryel is a Procter & Gamble product that allows consumers to dry-clean their clothes in a dryer. Before launching the product, P&G researchers visited consumers' homes and watched as people sorted laundry, creating piles of darks, whites, delicates, and items that would go to the dry cleaner because the people were unsure how to clean them. This was an example of _____ research.
A _____ sample is any sample in which little or no attempt is made to obtain a representative cross section of the population.
Andrea needs to find a kennel for boarding her son's dogs. There are several different kennels in her community, and Andrea believes all of them to be basically alike. The only feature she is genuinely concerned about is low price. For Andrea, the kennel for boarding dogs would be classified as a(n) _____ product.
Most people recognize Butterball as a brand of turkey, but the Butterball brand is also found on fresh turkey breast cuts, turkey sausages, and ground turkey; lunchmeat cold cuts; fresh marinated bone-in, boneless, and whole chicken; frozen chicken products; and Butterball stuffing and gravy mixes. Butterball uses:
_____ products are searched for extensively, and substitutes are not acceptable. These products may be quite expensive, and
often distribution is limited.
Evan Zimmermann loves watches. He collects vintage Rolex sport models made between 1950 and 1960. He paid $1,500 for his first watch in 2000. Now the watch is worth $15,000. For Evan, the vintage watches are an example of a(n) _____
There are a number of toothpastes marketed under the Crest brand, including Cavity Protection Crest, Pro-Health Sensitive
Shield Crest, Baking Soda Crest, Tartar Protection Crest, and Crest for Kids. This is an example of Crest's:
product line depth.
Kleenex is a well-known brand name of facial tissue. People often refer to Kleenex as if it were the product name. The company that makes Kleenex may someday find its brand name becoming a(n):
generic product name
Which of the following is the best example of a shopping product for most consumers?
A digital camera
Proctor & Gamble is a well-known producer of home and beauty products. Along with these products, P&G also markets pet products, prescription drugs, and small appliances. This range of products provides the company with product:
A number of yogurts are marketed under the Dannon brand, including Dannon All Natural, Dannon Fruit on the Bottom, Dannon Light & Fit, DanActive, and Dan-o-nino. The large variety of yogurts under the Dannon brand is an example of a:
Which of the following products is most likely to be considered an example of a heterogeneous shopping product?
_____ products are products that are not known about or not actively searched for by consumers. These products require aggressive personal selling and highly persuasive advertising.
A regional utility company needs to change consumers' perceptions of its current service as being harmful to the environment. Which of the following strategies would best allow the company to accomplish this goal?
Heinz is a leading global food manufacturer. It manufactures and markets Farley's (baby food), Jack Daniel's sauces, and Weight Watcher's diet/slimming meals and supplements. The use of these brand names instead of the Heinz name is an
example of a(n) _____ branding strategy
When deciding on distribution plans for specialty products, companies generally ensure that the items are:
distributed to only a few stores in the geographic area.
_____ products are purchased with little shopping effort. These products typically are purchased regularly, usually with little planning, and require wide distribution.
When Coca Cola introduced Coke Zero, this was an example of a _____ strategy.
product line extension
Along with its Macintosh computer line, Apple markets its iPod, iPhone, and AppleTV products. This is an abbreviated listing of the company's:
According to recent market research, Google is one of the most valuable brands in the world. According to this research, the company and its well-known name are worth about $100 billion. This research indicates that Google has a high:
The maker of Purell hand sanitizer tested consumers' reactions to its Purell Sanitizing Wipes by getting consumers to look through a newspaper with grocery store ads, make out a grocery list, and then shop in a mock store filled with real products, including the new product. This is an example of a(n):
simulated (laboratory) market test
A brand of iced tea, called Gold Peak, has high marketing costs as well as high production costs. Promotions for the product are aimed at gaining distribution and informing consumers that this premium product tastes like it's home brewed. In which stage of the product life cycle is Gold Peak iced tea?
Kathy purchased an Amazon Kendle e-book reader as soon as they came onto the market. She paid $399 for the product, which she bought the first day it was released. Kathy works in Information Technology and is always looking for new electronic products to buy. She would best be described as a(n):
In which stage of the product life cycle do marginal competitors start dropping out of the market?
A team-oriented approach to new-product development is referred to as:
simultaneous product development
Joaquin didn't buy a netbook computer when they first came out, but he did purchase one a year after they were introduced to the market. He is very active in his church and local arts council, and many of his friends asked him which brand to buy when they were considering purchasing a netbook. Joaquin is best described as a(n):
_____ is a limited introduction of a product and a marketing program to determine the reactions of potential customers in a market situation.
For years, Diet Dr. Pepper has been considered a diet drink. After declining sales, the company is attempting to present Diet Dr. Pepper as an alternative to having a dessert. This is an example of a _____ strategy.
Which component of a service is the ability to perform the service dependably, accurately, and consistently?
Alec had his gall bladder removed, but he was unconscious during the operation. In fact, even though he has an incision, he really has no way of knowing if the service was actually performed even after it was allegedly performed. That is because medical services such as this exhibit _____ qualities.
At the My M&M's Web site, customers can design their own versions of the famous candy. Customers choose from 25 M&M's colors; write a message, add clip-art, or even a face to each M&M, and select specific packaging. This is an example of:
Starbucks management has been trying to refocus on the things that originally made the company so successful. For example, Starbucks stores across the United States recently shut down for a short period of time for retraining, and the company has worked to make sure you can smell the fresh ground coffee aroma when you enter the store. However, when questioned, consumers tend to focus on the need for pricing incentives such as a frequent purchasing program. According to the _____, there may be a difference between what customers want and what Starbucks management thinks customers want.
gap model of service quality
One of the reasons consumers can purchase cheap flights or hotel rooms on Web sites such as Expedia.com and Hotels.com is due to the fact that airlines cannot sell the seat on a specific flight after the plane takes off and hotels cannot recoup the revenue from that room for that night once the night passes. Which unique characteristic of services does this illustrate?
James recently went to a new health clinic because he had a sore throat that wouldn't go away. He was not familiar with this clinic and was a bit surprised when the doctor came in and was wearing blue jeans, a flannel shirt, and tennis shoes. The doctor and nurse took proper care of James, but it seemed strange to him that the doctor was dressed that way. Which component of service quality does this illustrate?
A reading service for the visually impaired requires each reader applicant to prepare and submit a one-hour interview tape of material chosen by the service to determine whether the reader has pleasing vocal characteristics and is accent free so that it is not necessary to use the same reader every time. The reading service is trying to limit problems associated with the service characteristic of:
Emily's nephew is on the autism spectrum, and she has read stories on the Internet about how vaccines supposedly cause autism. Though Emily knows this theory has been debunked and that vaccines are safe, she is surprised that she feels a bit worried when she takes her own child into the pediatrician for her shots. Emily is glad her pediatrician does not think her fears are silly and will answer all of her questions without making her feel stupid for asking them. By which of the following components of service quality is Emily most likely to rate her pediatrician?
Which unique characteristic of services means that consumers must be present during the production?
A service cannot be touched, seen, tasted, heard, or felt in the same manner in which goods can be sensed and, therefore, is referred to as being:
Housing several departments under one roof, a _____ carries a wide variety of shopping and specialty goods, including apparel, cosmetics, housewares, electronics, and sometimes furniture.
_____ is a low-profile yet important form of retailing in which consumers get products out of automated machines, and it accounts for billions of dollars worth of goods each year in the United States.
are often large department stores that are located at opposite ends of a mall to create a heavy pedestrian traffic flow.
One of the new developments in retailing is m-commerce. M-commerce refers to the ability to:
shop using wireless mobile devices.
_____ refers to shopping without visiting a store and is currently growing faster than in-store shopping because of the consumer demand for
_____ is the retailing strategy of using moderate to low prices on large quantities of products and lower service to stimulate a high turnover of inventory
The _____ of retail stores is a key factor in their success; the goal is to use all space in the store effectively, including aisles, displays, and
even nonselling areas.
Specialty stores such as Best Buy, Staples, Dick's Sporting Goods, and Bed, Bath, and Beyond are often called category killers because:
they can destroy the profit potential for a category of merchandise for other retailers.
A _____ is an off-price retailer that is owned and operated by a manufacturer and carries one line of merchandise--its own.
When supermarkets offer a wide variety of nontraditional goods and services under one roof, they are engaged in:
Which of the following types of stores has a high gross margin, a narrow product assortment, and a high level of service?
A specialty store
Which type of retailing is the selling of products by representatives who work door-to-door, office-to-office, or at home sales parties?
_____ are stores that consumers purposely plan to visit. They are often built as free-standing stores.
Rochelle owns and operates a McDonald's restaurant. She has licensed the right to use McDonald's name, logo, and products. Rochelle's restaurant is an example of a(n):
Telemarketing can consist of either unsolicited _____ sales calls, or _____ sales calls, which allow companies to receive orders through toll-free telephone numbers.
James wants to open a small store that caters to the model railroad hobbyist. The store would sell model trains, scenery, accessories, and books on the subject of model railroading. Which of the following types of stores would most likely support an effective launch of his business idea?
A specialty store
_____ are retailers that compete on the basis of low prices, high turnover, and high volume.
Vera ordered the Chihuahua Christmas ornament she saw advertised in the Sunday coupon supplement by phoning The Danbury Mint and placing her order. In terms of the communication process, Vera's purchase was an example of:
When Vincent saw Mike's new Iron Horse Yakuza Aniki mountain bike, Vincent immediately knew he wanted to own one just like it someday. According to the AIDA concept, Vincent entered the _____ stage.
A manufacturer using the _____ promotional strategy focuses its promotional efforts on the consumer.
Just as Grace was in sight of a billboard for the Riverbend Antique Mall, a police car drove by with its lights flashing. Grace was so concerned with watching where the police car went that she totally missed seeing the mall's billboard. In terms of the communication process, the police car acted as:
Usborne Books consultants sell books directly to customers via presentations in customers' homes, at book fairs and community events, and at craft shows. Usborne consultants are engaged in:
For its new Jeep Compass, DaimlerChrysler launched a campaign targeting young, hip consumers. To reach its target, Jeep's advertising agency used music, talking bobbleheads, and other nontraditional marketing tactics to capture consumers' interest. The agency devised a host of bobblehead characters that represented the wide variety of potential Compass buyers. DaimlerChrysler was the _____ of the message in this communication process.
For which of the following purchases is Gordo most likely to pass through all four stages of the AIDA process?
Gear for mountain climbing
Java Jacket is a company that designs and prints ads on the paper jackets that go around hot coffee cups sold in coffee shops. To find clients to advertise on the coffee cup jackets, the company sent a representative to companies like Warner Brothers, eBay.com, and the Wall Street Journal to tell them how their ads on coffee cup jackets would give them inexpensive exposure to a large number of potential customers. Java Jacket's activities can best be described as:
_____ is the interpretation of the language and symbols sent by the source through a channel.
_____ is the careful coordination of all promotional activities to produce a consistent, unified message that is customer focused.
Integrated marketing communications
Which of the following elements of the promotional mix would be most effective for helping highly involved consumers make complex buying decisions?
According to the AIDA concept, the first step an advertiser must take is to gain the consumers :
Point-of-purchase displays in grocery stores, coupons, premiums, and trial-size packages are most useful when the consumer is near the _____ stage of the AIDA model.
USA cable television uses billboard, television, magazine, and newspaper advertising to inform television viewers about new episodes of Monk, a popular television series. USA uses _____ communication.
The use of aggressive personal selling and trade advertising by a manufacturer to convince a wholesaler or retailer to carry and sell particular merchandise is known as a _____ strategy.
Every year, the Discovery Channel has what it calls Shark Week, a weeklong marathon of programs on sharks. In New York, Discovery Channel street teams disguised as Surfers, Bight University faculty, and Bight University chewleaders will attack city streets in July visiting morning television shows, landmarks, and high-traffic areas to promote the series. An article in the New York Times on Shark Week and the Discovery Channel s street teams would be an example of:
Which form of advertising involves an organization expressing its views on controversial issues or responding to media attacks?
_____ is a measure of the number of times an individual is exposed to a brand message. It is used to measure the intensity of a specific medium's coverage.
The Tween Scene is a retail store catering to 8- to 12-year-old boys and girls. It advertises regularly both on radio and in the daily newspaper. The month prior to the beginning of each new school year, the store buys extra advertising space and time. This is an example of a(n) _____ scheduling plan.
_____ advertising is an arrangement in which the manufacturer and the retailer split the costs of advertising the manufacturer's brand.
With a(n) _____ media schedule, the advertiser may schedule the ads heavily every other month to achieve a greater impact with an increased frequency and reach at those times.
Because Samuel Cabot, Inc., a manufacturer of premium-grade wood stains, wants to spend its promotional budget on advertisements that will have a long life span so the ad will be around when the home owner needs such a product, it should use _____ advertising.
Which of the following is a public relations strategy that involves getting a product, service, or company name to appear in a movie or television show?
M&M's famous slogan, Melts in your mouth, not in your hand, is an example of a(n):
unique selling proposition
The many uses of OxiClean products are shown in a program-length television commercial. This is a(n) _____ form of advertising.
_____ measures the number of target consumers exposed to a commercial at least once during a specific period, usually four weeks.
The UPS Store's advertising What Brown Can Do for You whiteboard campaign tells business consumers that when it comes to getting their products delivered somewhere, UPS can help. The advertising is focusing on:
a product benefit
Pepsi-Cola uses reminder advertising that runs steadily all year. This is an example of a _____ media schedule.
Instead of sending artfully arranged flower bouquets, an entrepreneur has developed fresh fruit bouquets and is marketing them under the name Edible Arrangements. The premium fruit is cut to mimic flowers, arranged in a basket, and carefully delivered to the recipient's home. One of the problems is convincing people that it is not a novelty product, but an attractive way to show how you feel about someone. Edible Arrangements will be using _____ advertising to promote its fruit bouquets.
_____ advertising is designed to enhance a company's image rather than promote a particular product.
An ad in which Dunkin Donuts tells consumers that more hard-working people prefer their coffee than the high-priced, elitist coffee sold at Starbucks is an example of _____ advertising.
One of the reasons why a retailer might avoid the use of newspaper advertising is:
little demographic selectivity
Mitch owns a pet boarding kennel. The monthly payment on the land he purchased for his kennel, the mortgage on his small office building, and his business license are all examples of _____ costs.
_____ determine what sales volume must be reached before the company's total revenue equals total costs and no profits are earned.
For a nail salon, the costs associated with the purchase of nail polish and other products like nail polish remover, sterilized equipment, laundry service for the towels, and the beverages given to customers, are all examples of _____ costs.
Britney is fifteen years old and wants to open her own business selling cupcakes to local coffee shops and restaurants. She is having a tough time deciding whether to base her pricing objectives on market share, dollar sales, or unit sales. Regardless of which she chooses, her pricing objective can be categorized as:
When Apple, Inc. originally introduced its iPhone, it was priced at what many believed to be about as high as the market would allow. Within weeks, Apple lowered the price of the iPhone. It appears that Apple entered the market with a _____ approach to pricing the iPhone.
The _____ is the quantity of a product that will be sold in the market at various prices for a specified period, and _____ is the quantity of a product that will be offered to the market by suppliers at various prices for a specified period.
When the local Shell station raises or lowers its prices on its gasoline, the Marathon station across the street makes the same changes in its pricing. This is an example of _____ pricing.
The owner of a neighborhood hardware store has decided to sell a set of three padlocks for $5. He hopes the below-cost price for the locks will attract current and new customers who will also buy regularly priced items. The owner is encouraging store patronage through:
Marketers must take care when using _____ since a lower price often signals to consumers that product quality is also low.
Ace Hardware's spring snowblower sale is an example of which of the following pricing tactics?
Which type of pricing means pricing at odd-numbered prices to connote bargains and pricing at even-numbered prices to imply quality?
Odd even pricing
Tickets to a combined amusement park and water slide were $49 for the day. Then the company gave customers the option to purchase tickets for either the amusement park or the water slide for $18. To help keep costs in line, the park management also began charging its customers a small parking fee. Initially, the cost of parking was figured into the $49 price. The amusement park is using:
_____ tries to get customers into the store with misleading advertising and then uses high-pressure selling to persuade the consumer to buy something else more expensive.
Often a seller will establish a series of prices for a family of merchandise items. There may be several different models at specific price points but no prices in between. This policy is called:
When a firm introduces a new product at a relatively low price because it hopes to reach the mass market, it is following a _____ strategy. The low price is designed to capture a large share of a substantial market and produce lower production costs.
JCPenney sends representatives to shop at similar retailers to make sure it is charging comparable prices for its products. JCPenney probably uses a _____ strategy.
status quo pricing