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PAGE
Chapter 1
Marketing seeks to create and manage profitable customer relationships by delivering _____ to customers.
competitive prices
superior value
superior service
superior promotion
product assortment
(Answer: b; p. 4; )
_____ is managing profitable customer relationships.
Management
Control
Marketing
Human resources
Customer service
(Answer: c; p. 4; )
_____ is managing profitable customer relationships.
Management
Control
Marketing
Human resources
Customer service
(Answer: c; p. 4; )
As a new assistant marketing manager trainee, you learn in an orientation meeting that _____ are the form human needs take as they are shaped by culture and individual personality.
wants
demands
self-concepts
desires
icons
(Answer: a; p. 6; )
The difference between customer value and customer satisfaction is that value is the difference between the values the customer gains from owning and using a product and the _____.
cost of delivery of the product
cost of obtaining the product
cost of competing products
cost of the lost experience
all of the above
(Answer: b; p. 13; )
Marketing consists of actions taken to build and maintain desirable _____ with target audiences involving a product, service, idea, or other object.
exchange transactions
exchange relationships
exchange processes
exchange privileges
exchange communication
(Answer: b; p. 7; )
_____ means managing markets to bring about profitable exchange relationships by creating value and satisfying needs and wants.
Selling
Promoting
Marketing
Relationship marketing
Market segmentation
(Answer: c; p. 5; )
The federal government finds it necessary at times to limit demand by reducing the number of customers or to shift their demand temporarily or permanently. Name the term for this type of action.
debugging
deregulation
demarketing
gray marketing
integration
(Answer: c; p. 8; )
The five alternative concepts under which organizations conduct their marketing activities include the production, _____, selling, mar
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