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MAR 3023 FINAL EXAM 400+ QUESTIONS WITH ALL VERIFIED ANSWERS (3 BEST VERSIONS INCLUDED)

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MAR 3023 FINAL EXAM 400+ QUESTIONS WITH ALL VERIFIED ANSWERS (3 BEST VERSIONS INCLUDED)/MAR 3023 FINAL EXAM 400+ QUESTIONS WITH ALL VERIFIED ANSWERS (3 BEST VERSIONS INCLUDED)/MAR 3023 FINAL EXAM 400+ QUESTIONS WITH ALL VERIFIED ANSWERS (3 BEST VERSIONS INCLUDED)

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MAR 3023 FINAL EXAM 400+ QUESTIONS WITH ALL VERIFIED ANSWERS (3 BEST
VERSIONS INCLUDED)


MAR3023 Final Exam version 1
Marketing Communications - correct answer Remembering your favorite ad

Overall U.S spending on advertising and promotion - correct answer Less than $40 billion in
1980, rising to $220 billion in 2018

Top Digital advertisers - correct answer Google

Facebook

Where Advertising spending occurs - correct answer Cable tv, Network tv, magazines,
newspapers, internet, radio

Top Advertisers - correct answer Comcast $6 bil

AT&T

Amazon

P&G

GM

Disney

Advertising - correct answer A paid, non-personal communication about an organization and
its products transmitted to a target audience through mass media

Personal Selling - correct answer A paid, personal communication that seeks to inform
customers and persuade them to purchase products in an exchange situation

Public Relations - correct answer A broad set of communication efforts used to create and
maintain favorable relationship between an organization and its stakeholders

Sales Promotion - correct answer An activity or material that acts as a direct inducement
offering added value or incentive for the product to resellers, salespeople, or customers; free
samples, games, rebates, sweepstakes, contests, coupons

Integrated marketing communications - correct answer Coordination of promotion and
marketing efforts for maximum impact

ex: traditional marketing, promotions, web/media

Traditional Promotion Mix - correct answer Media Advertising; Point of purchase, publicity,
special events, packaging, direct marketing, interactive marketing, direct response

,MAR 3023 FINAL EXAM 400+ QUESTIONS WITH ALL VERIFIED ANSWERS (3 BEST
VERSIONS INCLUDED)

IMC - correct answer integrated marketing communications

Goals of IMC - correct answer *Consistent* messages with customers

*Coordinated*

*Complementary* to make a greater campaign

*Continuity* usage of promotional tools overtime

2 General Promotion Strategies - correct answer Push and Pull Policy

Push Policy - correct answer Promoting a product only to the next institution down the
marketing channel

Marketing Channel - correct answer Producer promotes product to wholesalers --->
wholesalers promote to retailers ---> retailers promote to consumers

Push Money - correct answer Also known as "spiffs" - an extra commission paid to retail
employees to push products

Pull Policy - correct answer Promoting a product directly to consumers to develop strong
demand that pulls products through the marketing channel

ex: children's toys

Communication Process - correct answer The process that describes the exchange of
information between two or more people

ex: email, phone, in person

Elements in the communication process - correct answer Source (has info)--->Encoding
information--->Message development--->Communications Channel (medium)--> Decoding the
message-->Receiver-->Feedback

The Source - correct answer The person or organization that has information to share

Ex; company, salesman

Q-Scores - correct answer Measure of familiarity and liking/ the number of respondents who
indicate they're a favorite, or negative Q-Scores who tell us who is disliked

Ecoding - correct answer The process of putting words, thoughts, messages into symbolic
form in such a way that they will be understood by the receiver/consumer

The channel - correct answer How the communication travels from the source to the
receiver

,MAR 3023 FINAL EXAM 400+ QUESTIONS WITH ALL VERIFIED ANSWERS (3 BEST
VERSIONS INCLUDED)

Non personal channels - correct answer No personal contact with the consumer

ex: email

Personal Channels - correct answer Involves direct contact

ex: Salesman

Buzz Marketing - correct answer A subset of "viral marketing" wherein companies hire
socially active consumers to promote products to their friends, relatives, and acquaintances

-consumers are typically unaware that this person is on payroll

Decoding - correct answer The process of transforming the message back into thought. They
key is for the decoded message to resemble the encoded message

Noise - correct answer Anything that interferes with or distorts the message

Decoding gone wrong - correct answer "touch woody - the internet pecker"

unintentional messages

Feedback - correct answer The final piece of the communication process - the receiver's
response to the message

- can be difficult to asses

Response Models - correct answer Describe the process that receivers must go through
before a desired behavior occurs

Each model has 3 successive stages - correct answer Cognitive - "thinking" stage. receiver
becomes aware

Affective - "feeling" stage. receiver forms a liking or disliking

Behavioral - "doing" stage. receiver acts on their preference

AIDA Model - correct answer Attention, Interest, Desire, Action - developed for personal
selling, represents the stages a salesperson must take a customer through to induce a purchase

What is Advertising? - correct answer A paid form of nonpersonal communication that is
transmitted to a target audience through mass media

-effective advertising can influence customers purchasing behavior throughout their lifetimes

The first ads - correct answer - Newspaper (1704)-Bofton Newspaper

- P&G (1882) -Ivory soap

, MAR 3023 FINAL EXAM 400+ QUESTIONS WITH ALL VERIFIED ANSWERS (3 BEST
VERSIONS INCLUDED)

- Coca-Cola (1886)

- Automobile (1898) ($1,000)

- Radio - Apartments (1992)

- Television (1941) -Bullava

- Banner ad (1994) - Wired.com

- Facebook (2004)

Advertising Mediums - correct answer Movies, TV, video games

Newspaper, direct mail, magazines

Sports

Internet

How many ads does the average American see each day? - correct answer 3,000

Types of Advertising - correct answer product advertising, pioneer advertising, competitive
advertising retail and local advertising

Product advertising - correct answer Promotes the uses, features, and benefits of specific
products

Pioneer Advertising - correct answer Focuses on a product category

Competitive Advertising - correct answer Points out a brands advantages relative to
competing brands

Three types of competitive ads - correct answer comparative, reminder, reinforcement

Comparative Ads - correct answer Compares two or more brands on one or more
characteristics

Reminder advertising - correct answer Reminds customers of an established brands
characteristics and benefits

Reinforcement Ads - correct answer Assures current users they have made the right choice

Advocacy Ads - correct answer Conveys a firms position on a public issue

Cutting through the clutter - correct answer Customers are avoiding ads, so companies are
going to great length to reach customers, embedded messages in programs, "the idea is to not
look and feel like ads"

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