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MKT 320F FINAL EXAM QUESTIONS WELL ANSWERED CORRECTLY LATEST UPDATE 2026

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MKT 320F FINAL EXAM QUESTIONS WELL ANSWERED CORRECTLY LATEST UPDATE 2026 Sales - Answers This job description has 20 times more people than are in advertising. Sales - Answers People are successful at this job when they 1) target customers, 2) emphasize products, 3) choose intermediaries, 4) communicate messages, and 5) adjust prices. order getting - Answers This sales task consists of establishing relationships with new customers and developing new business with a well-organized sales presentation dedicated to influencing consumer behavior. order taking - Answers This sales task consists of selling to regular or established customers and maintaining relationships by following sales through to completion and following up on satisfaction. supporting salespeople - Answers These people assist with orders by enhancing long-run relations and providing goodwill services and information. missionary - Answers Supporting salesperson who works for producers and calls on intermediaries, like a merchandiser or detailer. Technical specialist - Answers Supporting salesperson who provide technical assistance to the order-oriented salespeople. Customer service reps - Answers Supporting salespeople who resolve purchase problems after the fact and are critical to continuing sales. customer service - Answers Providing good quality _______ _______ promotes the next sale by solving a customer's problem and preventing damaged company reputation based on negative experiences. team selling - Answers Type of sales technique when a task expert that works with other members on a specific account. major accounts - Answers Sales task expert that gives special attention to larger accounts. Telemarketing - Answers Sales task expert that is often well-received in the business setting only. sales territories - Answers Assigning sales responsibilities based on geographic areas, therefore reducing the cost of travel. Technology - Answers This allows for automated information delivery, self-service stations like ATMs, and websites with helpful FAQs, freeing salespeople to focus on building relationships instead of providing basic information. sales force - Answers This group is best selected with accurate and specific job descriptions followed by good, continuous on the job training. Compensation - Answers Can be salary for highly supervised roles, commission for minimal supervision based on customer satisfaction levels (not raw sales) or a combination. prospecting - Answers Technique of personal sales that involves following leads of the target market to identify potential customers. customer relationship management (CRM) - Answers Database used to keep track of prospects and maintain current relationships by prioritizing who to contact and how frequently. Prepared - Answers Type of sales presentation with a canned, standard presentation used for time-sensitive issues or by inexperienced salespeople. Consultative - Answers Type of sales presentation where the representative listens to the customers needs and gives a customer-tailored presentation based on solving the customer's problem which helps to maintain and establish trusted relationships. Selling formula - Answers Type of sales presentation that begins with a prepared presentation and ends with the opportunity for the customer to clarify. AIDA - Answers All sales presentations should follow this model. Advertising - Answers This industry has grown from $3 bil to $200 bil with US and Europe at highest percentage and China growing rapidly. advertising objectives - Answers These are made more specific than personal selling because they can't be tailored to specific customers and should be based on brand positioning, introduction, product promotion, and customer relationship building. Pioneering - Answers Type of product advertising with a goal to gain demand for a whole product category in the early product life cycle by informing and obtaining early adopters. Competitive - Answers Type of product advertising obtaining selective demand for a specific brand either directly, saying "buy now," or indirectly, just pointing out product advantages rather than urging to purchase. Comparative - Answers Type of product advertising making a specific, named brand comparison between two brands. Reminder - Answers Type of product advertising for already successful products to encourage repeat customers to continue purchases. Institutional - Answers Separate from product advertising, a type of advertising that focuses on promoting an organization or industry to build goodwill with channel members and customers alike. Advertising allowance - Answers This is a price reduction given to a firm within the channel to encourage them to advertise and promote locally. Cooperative advertising - Answers This consists of producers sharing costs of ads with wholesalers or retailers. medium - Answers The best _____ for advertising messages depends on the objectives, target market, funds, and nature of the media. internet - Answers Medium of advertising that can be super effective in reaching the target market via behavioral targeting or can be very annoying to users. copy thrust - Answers What the words and images in an ad should/are intended to communicate. major accounts - Answers The biggest ad agencies hold most of these and charge 15% fee on advertising costs. corrective advertising - Answers US FTC technique to hold advertisers accountable for deceptive marketing by require them to make up for it publicly. publicity - Answers Unpaid promotion that people usually trust more than ads if it comes from people they know. sales promotion - Answers A temporarily period of doing business differently in order to stimulate change, such as through B2B promotions like trade shows, trade promotion aimed at intermediaries, and promotion within a business. objectives - Answers These guide strategy planning for price. Profit oriented - Answers Pricing objective that is often stated as a percentage of sales or investment capital, or set to a break-even point, or towards profit maximization. sales oriented - Answers Pricing objective that seeks sales number without referring to profits or market share percentage, and may sell a large number without making a profit. status quo - Answers Pricing objective based on "don't rock the boat" or using nonprice competition through place, promotion, or product. price flexibility - Answers Policy of pricing that can either be strictly one price or change depending on consumers and market like airplane tickets. price level - Answers Policy of pricing that depends on the target market and whether the company wants to skim the top curve of the market, penetrate the whole market at a low price, or offer a temporary introductory price. discount - Answers Policy of pricing that offers reduction from list prices based on quantity discounts that are either cumulative, based on purchases over a period of time, or noncumulative, individually based on order. They can also be seasonal to make up for slow sales seasons. Net - Answers Pricing term indicating payment for face value is due immediately. cash discounts - Answers Price reductions for quick payments. 2/10 net 30 - Answers Pricing term indicating 2% off if paid in under 10 days or else due in full in 30 days. Trade discount - Answers Channel members are given a discount for the job they are doing, such as 30% off for retailers to do retailing function. Sale price - Answers Temporary discount from list price or permanent, everyday low pricing. Allowance - Answers Policy of price reductions from list prices, like discounts, given to channel members based on functions like advertising, stocking, push money to salespeople, and trade-ins. Rebates - Answers Discount to consumers that ensures that they get the actual discount rather than the channel members. geographic - Answers Price policies based on cost of delivery. Free on Board (FOB) - Answers Geographic pricing policy where buyer assumes cost once products are loaded onto vehicle by seller. Zone Pricing - Answers Geographic pricing policy that averages out freight charges by geographic areas. Uniform Delivered - Answers Geographic pricing policy that averages freight cost to all buyers when costs of shipping are relatively low.

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Institution
MKT 320F
Course
MKT 320F

Content preview

MKT 320F FINAL EXAM QUESTIONS WELL ANSWERED CORRECTLY LATEST UPDATE 2026

Sales - Answers This job description has 20 times more people than are in advertising.
Sales - Answers People are successful at this job when they 1) target customers, 2) emphasize
products, 3) choose intermediaries, 4) communicate messages, and 5) adjust prices.
order getting - Answers This sales task consists of establishing relationships with new customers and
developing new business with a well-organized sales presentation dedicated to influencing consumer
behavior.
order taking - Answers This sales task consists of selling to regular or established customers and
maintaining relationships by following sales through to completion and following up on satisfaction.
supporting salespeople - Answers These people assist with orders by enhancing long-run relations
and providing goodwill services and information.
missionary - Answers Supporting salesperson who works for producers and calls on intermediaries,
like a merchandiser or detailer.
Technical specialist - Answers Supporting salesperson who provide technical assistance to the order-
oriented salespeople.
Customer service reps - Answers Supporting salespeople who resolve purchase problems after the
fact and are critical to continuing sales.
customer service - Answers Providing good quality _______ _______ promotes the next sale by
solving a customer's problem and preventing damaged company reputation based on negative
experiences.
team selling - Answers Type of sales technique when a task expert that works with other members on
a specific account.
major accounts - Answers Sales task expert that gives special attention to larger accounts.
Telemarketing - Answers Sales task expert that is often well-received in the business setting only.
sales territories - Answers Assigning sales responsibilities based on geographic areas, therefore
reducing the cost of travel.
Technology - Answers This allows for automated information delivery, self-service stations like ATMs,
and websites with helpful FAQs, freeing salespeople to focus on building relationships instead of
providing basic information.
sales force - Answers This group is best selected with accurate and specific job descriptions followed
by good, continuous on the job training.
Compensation - Answers Can be salary for highly supervised roles, commission for minimal
supervision based on customer satisfaction levels (not raw sales) or a combination.
prospecting - Answers Technique of personal sales that involves following leads of the target market
to identify potential customers.
customer relationship management (CRM) - Answers Database used to keep track of prospects and
maintain current relationships by prioritizing who to contact and how frequently.
Prepared - Answers Type of sales presentation with a canned, standard presentation used for time-
sensitive issues or by inexperienced salespeople.
Consultative - Answers Type of sales presentation where the representative listens to the customers
needs and gives a customer-tailored presentation based on solving the customer's problem which
helps to maintain and establish trusted relationships.
Selling formula - Answers Type of sales presentation that begins with a prepared presentation and
ends with the opportunity for the customer to clarify.
AIDA - Answers All sales presentations should follow this model.
Advertising - Answers This industry has grown from $3 bil to $200 bil with US and Europe at highest
percentage and China growing rapidly.
advertising objectives - Answers These are made more specific than personal selling because they
can't be tailored to specific customers and should be based on brand positioning, introduction,
product promotion, and customer relationship building.
Pioneering - Answers Type of product advertising with a goal to gain demand for a whole product
category in the early product life cycle by informing and obtaining early adopters.
Competitive - Answers Type of product advertising obtaining selective demand for a specific brand
either directly, saying "buy now," or indirectly, just pointing out product advantages rather than
urging to purchase.

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Institution
MKT 320F
Course
MKT 320F

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