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11 chapter Marketing Processes and Consumer Behavior Business Essentials, 8th Edition Ebert/Griffin Classroom Response System Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall A process which creates, communicates, and delivers value to customers is known as: A. B. C. D. Advertising Marketing Utility Selling Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-2 A process which creates, communicates, and delivers value to customers is known as: A. B. C. D. Advertising Marketing Utility Selling Marketing is much more than the advertising that you see on television or in magazines. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-3 After class, you purchase a candy bar from a vending machine. The candy bar is a(n): A. B. C. D. Intangible good Industrial good Consumer good Specialty good Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-4 After class, you purchase a candy bar from a vending machine. The candy bar is a(n): A. B. C. D. Intangible good Industrial good Consumer good Specialty good A consumer good is any product purchased by a consumer for personal use. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-5 Your local newspaper purchases a new printing press. The new press is a(n): A. B. C. D. Intangible good Industrial good Consumer good Specialty good Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-6 Your local newspaper purchases a new printing press. The new press is a(n): A. B. C. D. Intangible good Industrial good Consumer good Specialty good The new press is used to print newspapers that are sold to consumers. The press is an industrial good. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-7 GEICO commercials are seen on television every night. GEICO is marketing a(n): A. B. C. D. Consumer good Industrial good Service Substitute product Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-8 GEICO commercials are seen on television every night. GEICO is marketing a(n): A. B. C. D. Consumer good Industrial good Service Substitute product Services, such as insurance, are intangible. GEICO is providing expertise to consumers. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-9 Many marketers focus on a long-term perspective when communicating with buyers. A. B. C. D. This is an example of the economic environment. This is an example of relationship marketing. This is an example of the marketing mix. This is an example of product differentiation. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-10 Many marketers focus on a long-term perspective when communicating with buyers. A. B. C. D. This is an example of the economic environment. This is an example of relationship marketing. This is an example of the marketing mix. This is an example of product differentiation. Relationship marketing is designed to create greater customer loyalty. How can a marketer accomplish this? Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-11 A Pringles can is labeled in English and in Spanish. Which element of the marketing environment is Pringles adapting to? A. B. C. D. Technological Political-legal Sociocultural Economic Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-12 A Pringles can is labeled in English and in Spanish. Which element of the marketing environment is Pringles adapting to? A. B. C. D. Technological Political-legal Sociocultural Economic Our society is become more bilingual. Pringles is adapting to these changes in our society by changing its labels. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-13 The marketing mix is also known as the “4 P’s.” Which of these is NOT one of the 4 P’s? A. B. C. D. Product Price Place Publicity Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-14 The marketing mix is also known as the “4 P’s.” Which of these is NOT one of the 4 P’s? A. B. C. D. Product Price Place Publicity The “4 P’s” are: Product, Price, Place, and Promotion. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-15 A good, service, or idea that can fill a consumer’s needs and wants is known as: A. B. C. D. A product A market A value package Differentiation Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-16 A good, service, or idea that can fill a consumer’s needs and wants is known as: A. B. C. D. A product A market A value package Differentiation A product can be tangible (a good), intangible (a service or idea)—or it can be a combination of the two. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-17 Marketers often promote certain product features that allow their product to “stand out in a crowd.” A. B. C. D. This is known as a marketing plan. This is known as product differentiation This is known as sales promotion. This is known as a buzz marketing. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-18 Marketers often promote certain product features that allow their product to “stand out in a crowd.” A. B. C. D. This is known as a marketing plan. This is known as product differentiation This is known as sales promotion. This is known as a buzzmarketing. Successful products must stand out in a crowded marketplace. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-19 Hardee’s markets its products to unmarried males, aged 17-29. Hardee’s has identified its: A. B. C. D. Psychographic variables Brand loyalty Target market Product mix Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-20 Hardee’s markets its products to unmarried males, aged 17-29. Hardee’s has identified its: A. B. C. D. Psychographic variables Brand loyalty Target market Product mix A target market is a group of people with similar needs, and will show similar interest in the same products. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-21 Identifying a population by race, gender, income level, or marital status is using: A. B. C. D. Geographic variables Psychographic variables Demographic variables Social variable Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-22 Identifying a population by race, gender, income level, or marital status is using: A. B. C. D. Geographic variables Psychographic variables Demographic variables Social variable Demographic variables also include education level, religion, and family life cycle. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-23 Bobby only wears Nike shoes and would never wear Adidas. Bobby is demonstrating: A. B. C. D. Demographic variables Brand loyalty A rational motive A demographic variable Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-24 Bobby only wears Nike shoes and would never wear Adidas. Bobby is demonstrating: A. B. C. D. Demographic variables Brand loyalty A rational motive A demographic variable Bobby’s behaviors indicate his satisfaction with Nike products. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-25 Janie buys a brand of jeans because her friends wear the same brand. Her decision was based on: A. B. C. D. Brand loyalty An emotional motive A rational motive An evaluation of alternatives Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-26 Janie buys a brand of jeans because her friends wear the same brand. Her decision was based on: A. B. C. D. Brand loyalty An emotional motive A rational motive An evaluation of alternatives Janie based her decision on a desire to “fit in” with her friends— this is an emotional motive. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-27 Sears purchases Lands’ End clothing and makes it available in its stores. This is an example of the: A. B. C. D. Industrial market Institutional market Reseller market Buyer’s market Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-28 Sears purchases Lands’ End clothing and makes it available in its stores. This is an example of the: A. B. C. D. Industrial market Institutional market Reseller market Buyer’s market Lands’ End clothing is a finished good when Sears purchases it. Sears then resells it in their stores. This is a reseller market. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-29 Organizational buyers differ from consumers in that: A. Organizational buyers are more likely than consumers to negotiate pricing. B. Organizational buyers usually have more product knowledge than consumers. C. Organizational buyers normally have a long-term relationship with the seller. D. All of these are true. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-30 Organizational buyers differ from consumers in that: A. Organizational buyers are more likely than consumers to negotiate pricing. B. Organizational buyers usually have more product knowledge than consumers. C. Organizational buyers normally have a long-term relationship with the seller. D. All of these are true. Business-to-business relationships differ from a business-to-consumer relationship in many ways. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-31 A tangible or intangible quality that a company builds into a product is known as a: A. B. C. D. Product feature Product benefit Product mix Product line Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-32 A tangible or intangible quality that a company builds into a product is known as a: A. B. C. D. Product feature Product benefit Product mix Product line A marketer will identify product features and benefits. Together, the features and benefits are made into a value package. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-33 A product that a consumer buys with little thought is known as a: A. B. C. D. Shopping good Convenience good Specialty good Product line Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-34 A product that a consumer buys with little thought is known as a: A. B. C. D. Shopping good Convenience good Specialty good Product line A consumer buys many products without much thought, such as newspapers or chewing gum. These are convenience goods. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-35 Most products go through four stages after reaching the market; these stages are known as the: A. B. C. D. Marketing mix Product placement Product life cycle Sales cycle Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-36 Most products go through four stages after reaching the market; these stages are known as the: A. B. C. D. Marketing mix Product placement Product life cycle Sales cycle Introduction, growth, maturity, and decline are the four stages of the product life cycle. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-37 A shoe shopper sees a swoosh on a sneaker and instantly knows the shoe is a Nike. The swoosh is an example of: A. B. C. D. Product placement Personal selling Branding A private brand Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-38 A shoe shopper sees a swoosh on a sneaker and instantly knows the shoe is a Nike. The swoosh is an example of: A. B. C. D. Product placement Personal selling Branding A private brand Branding is the use of symbols to communicate the qualities of a particular product by a particular producer. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-39 A marketer who uses an interactive Internet game to spread information about a product is using: A. B. C. D. Product placement Speed-to-market techniques Viral marketing A value package Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-40 A marketer who uses an interactive Internet game to spread information about a product is using: A. B. C. D. Product placement Speed-to-market techniques Viral marketing A value package Information spreads on the Internet like a virus. It is known as viral marketing. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-41 Which of these is NOT a purpose of packaging? A. B. C. D. A method of in-store advertising Reducing theft of smaller products A way to communicate features and benefits All of these are purposes of packaging Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-42 Which of these is NOT a purpose of packaging? A. B. C. D. A method of in-store advertising Reducing theft of smaller products A way to communicate features and benefits All of these are purposes of packaging Most marketers recognize that packaging can play many roles, including advertising, security, and communication. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-43 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. Printed in the United States of America. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 11-44