Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
Exam (elaborations)

Test Bank for MKTG 15th Edition by Charles W. Lamb.pdf

Rating
5.0
(1)
Sold
-
Pages
365
Grade
A+
Uploaded on
20-02-2025
Written in
2024/2025

Test Bank for MKTG 15th Edition by Charles W. L

Institution
Course

Content preview

1


nnn MKTG 3101>Test Bank for MKTG 12th Edition
n n n n n n




TRUE/FALSE

1 :nInnmostncases,ninnordernfornanfirmntonsucceedninnancompetitivenmarket,nitnneedsntonhavenanclearnunderstandin
gnofnthenmarketplacenandnproducenproductsnbasednonnthenwantsnandnneedsnofnthencustomers,nrathernthannexpecti
ngnthencustomersntonwantnthenproductsnmanufacturednsolelynbasednonnthenassessmentnofnthenfirmsninternalncapabi
lities.
An:ntruenBn
:nfalse

CorrectnAnswern:nA

2 :nWithnthenhelpnofnanneffectivensalesnforcenthatndevisesnhigh-qualitynsalesntechniques,nansales-
orientednfirmncannsuccessfullynconvincencustomersntonpurchasengoodsnandnservicesnthatntheynneithernwantednno
n

rnneeded.
An:ntruenBn
:nfalse

CorrectnAnswern:nB

3 :nThenInternetnandnthenextensivenusenofnsocialnmedianhavenfuelednthenchangeninnpowernfromnconsumersna
ndnbusinessnusersntonmanufacturersnandnretailers.
An:ntruen

Bn:nfalse

CorrectnAnswern:nB

4 :nCustomersnperceivenhigh-qualitynproductsnthatnarensoldnatnhighnpricesntonbenangoodnvalue.nAn:ntrue
Bn:nfalse

CorrectnAnswern:nB

5 :nTrainingnplaysnannimportantnroleninncustomernservicenandnrelationshipnbuilding.nAn:ntrue
Bn:nfalse

CorrectnAnswern:nA

6 :nThenorganizationsnthatnarenfrequentlynnotednforndeliveringnsuperiorncustomernvaluenandnprovidingnhighnlevel
snofncustomernsatisfactionnassignnemployeesntonteamsnandnteachnthemnteam-nbuildingnskills.
An:ntruenBn
:nfalse

CorrectnAnswern:nA

7 :nAnsales-orientednfirmndefinesnitsnmissionninntermsnofnbenefitsnitsncustomersnseek,nwhilenanmarket-
orientednfirmndefinesnitsnbusinessninntermsnofngoodsnandnservices.
An:ntruenBn
:nfalse

CorrectnAnswern:nB




1

,2

8 :nAnsales-orientednfirmntargetsnitsnproductsnatneverybody,nwhilenanmarket-
orientednorganizationnaimsnatnsellingnitsnproductsntonanspecificncustomerngroup.
An:ntruenBn
:nfalse

CorrectnAnswern:nA

9 :nThriftnstoresnseekntonachievenprofitabilitynthroughnhighnsalesnvolumes.nAn:ntrue
Bn:nfalse

CorrectnAnswern:nB

10 :nMarketingndeterminesnpricesnandnpricingnpoliciesnthatncontributentonachievingnthenfundamentaln
objectivesnofnmostnbusinesses.
An:ntruenBn
:nfalse

CorrectnAnswern:nA

11 :nMarketingncareernopportunitiesnalmostnexclusivelynexistninnnonbusinessnorganizations.nAn:ntrue
Bn:nfalse

CorrectnAnswern:nB


MULTIPLEnCHOICE

12 :nWhichnofnthenfollowingnstatementsnisnnotntruenofnmarketing?
An:nMarketingnfocusesnonnpracticesnthatndelivernvaluenandnbenefitsntoncustomers.
Bn:nMarketingnfocusesnprimarilynonnsellingngoods,nservices,nand/ornideasntoncustomers.
Cn:nMarketingnemploysnthencombinednusenofncommunication,ndistribution,nandnpricingnstrategies.nDn:nMarketingninvol
vesnbuildingnlong-term,nmutuallynrewardingnrelationshipsnwithncustomers.

CorrectnAnswern:nB

13 :nWhichnstatementnexpressesnthenAmericannMarketingnAssociationn(AMA)sncorendefinitionnofnmarketing?
An:nMarketingnisnanphilosophy,nannattitude,nanperspective,nornanmanagementnorientationnthatnstressesncustome
rnsatisfaction.
Bn:nMarketingnisnannorganizationnfunctionnandnansetnofnprocessesnimplementedninnorderntonensurencustomernsatisfacti
on.
Cn:nMarketingnrefersntonpersonalnsellingnthatnfocusesnsolelynonnsellingngoods,nservices,nand/ornideasntoncustomer
s.
Dn:nMarketingninvolvesnbuildingnlong-
term,nmutuallynrewardingnrelationshipsnthatnarenbeneficialnexclusivelyntonthensellers.

CorrectnAnswern:nB

14 :nWhennanfirmnfocusesnonnitsninternalncapabilitiesnrathernthannonnthendesiresnandnneedsnofnthe




2

,marketplace,nthennthenfirmnisnsaidntonhavenadoptednthe
3 orientation.nAn
:nproduction
Bn :n salesnCn:
nmarket

Dn:n societalnCorrectnA

nswern:nA

15 :
Anfirmncouldnbenefitnfromnanproductionnorientationnwhen
n

.nAn:nitnproducesnexactlynwhatnthenmarketnwants
Bn:nthenmarketndemandnisnlessnthannthenproductsnsuppliednbynthenfirmnCn:nitnhopesnth
atnthenproductnitnproducesnisnsomethingncustomersnwant
Dn:nitnfocusesnonnwhatncompanynmanagementnthinksnshouldnbenproducednCorrectnAnsw

ern:nA

16 :
FirmnXYZnisnknownnfornadoptingnanstrategynthatnfocusesnonndesigningnnewnproductsnbasednonntheirnassessmentn
n

ofnthencapabilitiesnofntheirnengineersnandnonntheneasynavailabilitynofnresources.nThenfirmsnapproach,nwhichnemph
asizesntheneasenofnproductionnandnthentalentsnofnitsnresourcesnrathernthannthenneedsnandnwantsnofnthenmarketplac
e,ncannbenattributedntonitsnn
norientation.

An:nproductionnBn:
nsales

Cn:nmarketnDn
:nsocietal

CorrectnAnswern:nA

17 :
Anproduction-orientednfirmnisnonenthatnfocusesnon
n

.nAn:nthenneedsnandnwantsnofnthencustomers
Bn:naggressivensalesntechniques
Cn:nenhancingnindividualsnandnsocietysnlong-
termnbestninterestsnDn:ntheninternalncapabilitiesnofnthenfirm

CorrectnAnswern:nD

18 :
Anproduction-orientatedncompanyncannsurviveninnancompetitivenmarketnif
n

.nAn:nitsngoodsnandnservicesnmeetnthenneedsnofnthenmarketplace
Bn:n itn doesn notn implementn aggressiven salesn techniquesnCn:nitnfocuse
snsolelynonnsocietysnlong-
termnbestninterestsnDn:nitndoesnnotnassessntheninternalncapabilitiesnofn
thenfirm

CorrectnAnswern:nA

19 :nWhichnofnthenfollowingnstatementsnisntruenofnansales-orientednfirm?
An:nConsumersncannbenconvincedntonbuyngoodsnornservicesnevennthoughntheyndonnotnneednthem.nBn:nSales-
orientednfirmsnunderstandnthenneedsnandnwantsnofnthenmarketplace.
Cn:nSales-orientednfirmsnplacenmaximumnemphasisnonnsocietysnlong-
termnbestninterests.nDn:nIntermediariesnarenencouragedntonaggressivelynpushnmanufacturersnproducts.

CorrectnAnswern:nD

20 :nWhennanfirmnbelievesnthatnemployingnaggressivensalesntechniquesnwouldnhelpnsellntheir




3

, productninnthenmarketnandnachievenhighnprofitsnrathernthanndesigningntheirnproductnbasednonnthendesiresnandnneedsn
4ofnthenconsumers,nthennthenfirmnisnsaidntonhavenadoptedna
orientation.nAn
:nproduction
Bn :n salesnCn:
nmarket

Dn:n societalnCorrectnA

nswern:nB

21 :nThenmanagementnatnABCnComputersnbelievesnthatnhighnsalesnwillnresultninnhighnprofit.nToge
thernwithnthencompanynsalesnforce,nmanagementndevisesnansalesnstrategyntonpromotentheirnnewnlinenofnconvertiblen
laptopsnbasednonnthenassumptionnthatnconsumersnwillnpurchasenanproductnifnthencompanynpromotesnitnaggressively
.nThisnsalesnhypothesisncannbenattributedntonthencompanys orientation.
An:nproductionnBn:
nsales

Cn:nmarketnDn
:nsocietal

CorrectnAnswern:nB

22 :
nAnsales-orientedncompanyynisnonenthatnfocusesnon
.nAn:nthenneedsnandnwantsnofnthencustomers
Bn:naggressivensalesntechniques
Cn:nenhancingnindividualsnandnsocietysnlong-
termnbestninterestsnDn:ntheninternalncapabilitiesnofnthenfirm

CorrectnAnswern:nB

23 :nAccordingntonsales-orientednfirms,nmarketingnmeans .
An:nemployingnpracticesnthatndelivernvaluenandnbenefitsntoncustomers
Bn:nbuildingnlong-
term,nmutuallynrewardingnrelationshipsnwithncustomersnCn:nsellingngoodsnandnservicesn
andnreapingnprofitsnfromnthem
Dn:nenhancingnindividualsnandnsocietysnlong-

termnbestninterestsnCorrectnAnswern:nC

24 :nWhichnofnthenfollowingnisnansimilaritynbetweennanproductionnorientationnandnansalesnorientation?
An:nBothnignorenthenimportancenofnassessingnanfirmsninternalncapabilities.
Bn:nBothnlacknannunderstandingnofnthenneedsnandnwantsnofnthenmarketplace.
Cn:nBothnplacenlittlenemphasisnonnthenassessmentnofnmanufacturingnplantsnandnfacilities.nDn:nBothnfailninnan
marketnwherendemandnexceedsnsupply.

CorrectnAnswern:nB

25 :nWhichnofnthenfollowingnisnandrawbacknofnansalesnorientation?
An:nItngivesnexcessivenimportancentonthenneedsnandnwantsnofnthenmarketplace.
Bn:nItncannotnconvincenpeoplentonbuyngoodsnthatnarenneithernwantednnornneeded.
Cn:nItnplacesnhighnemphasisnonnthenassessmentnofnmanufacturingnplantsnandnfacilities.nDn:nItngivesnimpor
tancentonthenproductionnfunctionnovernothernfunctions.

CorrectnAnswern:nB




4

Connected book

Written for

Course

Document information

Uploaded on
February 20, 2025
Number of pages
365
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

$21.49
Get access to the full document:

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF


Also available in package deal

Reviews from verified buyers

Showing all reviews
1 year ago

5.0

1 reviews

5
1
4
0
3
0
2
0
1
0
Trustworthy reviews on Stuvia

All reviews are made by real Stuvia users after verified purchases.

Get to know the seller

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
GOLDENNTESTBANKS Teachme2-tutor
Follow You need to be logged in order to follow users or courses
Sold
13
Member since
1 year
Number of followers
1
Documents
460
Last sold
2 weeks ago

4.7

720 reviews

5
528
4
151
3
35
2
4
1
2

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions