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Section 1: Multiple Choices (75%)
This section has 30 questions, each worth 2.5%. For each question, you
must choose ONLY one choice which you think best fits in. Please transfer
the code of your choice into the attached Answer Sheet.
1. Marketing seeks to create and manage profitable customer relationships by
delivering ________ to customers.
a. competitive prices
b. superior value
c. superior service
d. superior promotion
e. product assortment
2. Customer satisfaction depends on the product ’s perceived value relative to
the buyer ’s ________.
a. cost of obtaining the product
b. expectations
c. cost of competing products
d. cost of the lost experience
e. all of the above
3. To reduce demand for space on congested expressways in Washington,
D.C., the Metropolitan Washington Council of Governments has attempted
to engage in ________.
a. target marketing
b. deregulation
c. demarketing
d. gray marketing
e. integration
4. 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?
a. market segmentation, target marketing, market positioning
b. target marketing, market positioning, market segmentation
c. market positioning, market segmentation, target marketing
d. market segmentation, market positioning, target marketing
e. mass marketing, demographic segmentation, psychographic
segmentation
5. A company with limited resources might enter a new market by serving
________ segment(s).
a. the largest
b. the most profitable
c. dual
d. one or a few
e. three or more
6. Today the four Ps are compared to the four Cs. Product and place are called
________ and ________, respectively.
a.
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