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Pharmaceutical Marketing Student name: Mid term exam Student No.: a. b. c. d. e. In QA department, you analyze substances to: Accept Hold Reject All of the above None of the above a. b. c. d. e. Unit dose is a community pharmacist duty a description of an inpatient pharmaceutical dispensing packaging drugs in the production department a hospital pharmacist job in an outpatient clinic a clinical pharmacist job in an outpatient clinic a. b. c. d. e. Process validation is A marketing services manager is responsible for training medical representatives supervising sales force accounting procedures collection follow up registration and regulatory affairs a. b. c. d. e. Section: a preformulation step a stability study a GMP requirement needed for registration files part of bioequivalence studies a. b. c. d. e. Summer- July 2009 Customers decide to satisfy needs and wants through exchange. What occurs at this point? selling customer service marketing transaction pricing satisfaction 1 a. b. c. d. e. find understand explore seek any of the above a. b. c. d. e. One of the following options describe markets A set of people who have common interest A set of companies that offer various products A set of potential buyers of a product A set of buyer of a product None of the above a. b. c. d. e. Demands are States of felt deprivation that are backed by a buying power Human needs that are shaped by culture and individual personality Unmet needs of potential buyers. All of the above None of the above a. b. c. d. e. Marketing is A process by which companies create value for customers Building customer relationships Selling and advertising a+b None of the above a. b. c. d. e. Which word is missing from the following statement? Marketers need to _____, create, communicate, and deliver real value to customers. Marketing to reduce demand only temporarily is: Differentiation. De-marketing Positioning A &B None of the above 2 a. b. c. d. e. Demand > Supply is shared in all the following except: De-marketing. Selling Concept. Production Concept. A&B All of the above. Pharmaceutical company (A) has faced an urgent over stock problem of product x, the marketing department at the company decided to direct its efforts toward promotional campaigns and sales offers in order to solve such situation. The company succeeded this way and the problem was solved. After reading this, answer the following 3 questions: a. b. c. d. e. Production concept Product concept Marketing concept All of the above. None of the above. a. b. c. d. e. What kind of marketing management orientations that company (A) has followed in the case above? What was the primary objective for the company in this situation To sell what it has in line with what the market wants. To improve its promotional campaigns To sell what meets customers’ needs on the marketplace. A&B. None of the above 3 a. b. c. d. e. Marketing Myopia. Losing Customer relationships building. Losing its well established competitive edge. All of the above. None of the above. a. b. c. d. e. Which of the following marketing management orientations does not lead to marketing myopia Production concept Product concept Selling concept Holistic marketing concept None of the above a. b. c. d. e. Companies that are applying green marketing are practicing which one of the following marketing management orientations Production concept Product concept Selling concept Marketing concept Holistic marketing concept a. b. c. d. e. The negative impact on company (A) as a result of adopting such Marketing management concept at this situation is: A company that takes in to consideration: community, social events , employees, customers and partners along the supply chain, as well as the environment is practicing The production concept The product concept The marketing concept The holistic marketing concept The societal marketing concept 4 a. b. c. d. e. Perceived Value. Satisfaction. Loyalty. A&B All of the above. a. b. c. d. e. A loyal customer always buy from a company that: Offers the highest value for its customers Offers superior customer’s perceived value. Gives inferior customer value All of the above None of the above a. b. c. d. e. Expectations = Performance is: Pharmaceutical company (x) has a number of hospitals that represent its major customers. One of these hospitals decided to shift to another company and to initiate business with it. This hospital used to spend 10,000 JD per month each year on products from company (x) and it was expected to keep buying from company (x) for the next 5 years. Calculate the lost customer life time value 10,000 120,000 There is no lose 600,000 100,000 a. b. c. d. e. Your firm is attempting to divide up the total market to determine the best segments it can serve. Which is the correct order of doing so? market segmentation, target marketing, market positioning target marketing, market positioning, market segmentation market positioning, market segmentation, target marketing market segmentation, market positioning, target marketing mass marketing, demographic segmentation, psychographic segmentation 5 1. Discuss the holistic marketing concept and explain briefly why companies are moving toward this concept. Mentioning the 4 components with brief description for each. Reasons: Changes in the marketplace/marketing environment. More firm and restricted regulations. Environment and social responsibility are highly stressed by global economy and business arena. 2. What are the main steps included in creating/establishing a marketing strategy for any company on the market. STP & Mkg Mix Definition and brief description of: Segmentation Targeting Positioning 4Ps. 3. Compare between the marketing and selling concept and discuss why the marketing concept evolved as a modern concept in the business arena - The table provided to students on the class. - Reasons: Aggressive competition: Direct, indirect and substitution risk. Highly demanding customers. Intended Global presence and success. 6