Test Bank for Marketing Management, 16th edition by Philip Kotler. All Chapters Newest Version A+

Test Bank for Marketing Management, 16th edition by
Philip Kotler. All Chapters | Newest Version




1
Copyright © 2022 Pearson Education,
Inc.

, Marketing Management, 16e (Kotler)
Chapter 1 Defining Marketing for the New Realities

1) Which of these is an accurate characterization of the contemporary view of marketing?
A) Marketing is synonymous with selling.
B) With the rise of social commerce, company-driven marketing is no longer important.
C) Marketing's emphasis within the firm continues to decline.
D) To improve efficiency, most firms now restrict marketing activities within the
"official" boundaries of the marketing department.
E) Marketing is about identifying and meeting human and social needs in a way that
harmonizes with the goals of the organization.
Answer: E Diff: 3
LO: 1.1: Define the scope of marketing. AACSB:
Reflective thinking

2) With regard to the selling function, what did Peter Drucker have to say about the aim
of marketing?
A) Selling should replace marketing.
B) Selling should have equal importance in the corporate hierarchy.
C) It should make selling superfluous.
D) The sales function should set strategy, while the marketing function owns tactics.
E) Selling and marketing are
synonymous. Answer: C
Diff: 2
LO: 1.1: Define the scope of marketing. AACSB:
Reflective thinking

3) Which of these was identified as key reason why Nintendo had a hit with the Wii and
Apple with the iPad?
A) Both companies designed the right product based on thoughtful research.
B) Both products were flukes that happened to hit the market at the right time.
C) Neither product led its category, but both were sold aggressively.
D) Both products underpriced their competition.
E) American consumers have enough disposable income to afford luxury
gadgets. Answer: A
Diff: 2
LO: 1.1: Define the scope of marketing. AACSB:
Reflective thinking




2
Copyright © 2022 Pearson Education,
Inc.

,4) Which of these entities represent the bulk of most countries' marketing efforts?
A) Experiences
B) Services
C) Goods
D) Events
E) Places
Answer:
C Diff: 1
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking

5) Raw materials, labor, and sources of funding represent which kind of market?
A) Basic
B) Primary
C) Secondary
D) Resource
E) Business to
business Answer: D
Diff: 2
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking

6) A public service announcement (PSA) encouraging people to wear masks during a
pandemic outbreak represents what kind of marketed entity?
A) Ideas
B) Services
C) Experiences
D) Information
E) Social
good Answer:
A Diff: 3
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking

7) Which of these is NOT one of the five basic markets?
A) Resource markets
B) Manufacturer markets
C) Educational markets
D) Consumer markets
E) Government markets
Answer: C
Diff: 2
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking




3
Copyright © 2022 Pearson Education,
Inc.

, 8) How does successful marketing create jobs?
A) By raising the standard of living
B) By encouraging conspicuous consumption
C) By increasing brand equity
D) By promoting capitalism
E) By building demand for products and
services Answer: E
Diff: 3
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking

9) In the four flows in a modern exchange economy, what do sellers receive from buyers
in addition to money?
A) Legal rights
B) Legal releases
C) Intangible resources
D) Information
E) Confirmation
Answer: D
Diff: 2
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking

10) The decline of companies such as MySpace and Blockbuster can be attributed at least in
part to which of these marketing mistakes?
A) Failing to continually improve value offerings and marketing strategies
B) Failing to articulate a clear customer message
C) Overpricing in a declining economy
D) Confusing markets with unclear corporate branding
E) Failing to use marketing intermediaries
effectively Answer: A
Diff: 2
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking

11) Which of these reasons was identified as a success factor for the British firm RB
(formerly Reckitt Benckiser)?
A) Strong sales teams
B) Emotional advertising
C) Digging deeply into consumer habits
D) Government subsidies
E) Undercutting competitors on prices
Answer: C
Diff: 2
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking


4
Copyright © 2022 Pearson Education,
Inc.