Test Bank for Marketing Management n n n n
15thEdition by Keller & Kotler n n n n
Marketing Management, 15e (Kotler)n n n
Chapter 2 Developing Marketing Strategies and Plans
n n n n n
B) strategic marketing plan n n
C) corporate tactical plan n n
D) corporate 1) The task of any business is to
n n . n n n n n n
A) create customer needs n n
B) differentiate in terms of cost of production n n n n n n
C) deliver customer value at a profit
n n n n n
D) reduce competition n
E) communicate similar value as provided by competitors n n n n n n n
Answer: C
Diff: 1
n
LO:
2.1: How does marketing affect customer value?
n n n n n n n
AACSB: Reflective thinking n
2) What is the traditional view of marketing?
n n n n n n
A) Firms should just focus on production because if the products are good then th
n n n n n n n n n n n n n
ey will automatically sell.
n n n
B) Firms should just focus on production and selling because marketing occurs as a p
n n n n n n n n n n n n n
art of the selling process.
n n n n
C) Firms should have a proper marketing team that can increase consumers' a
n n n n n n n n n n n
wareness of their products and rouse their interest in them.
n n n n n n n n n
D) Firms should price their products as low as possible so that marketing them b
n n n n n n n n n n n n n
ecomes easy. n
E) Firms should remember that promotion is the most important of the four Ps. A
n n n n n n n n n n n n n
nswer: B
Diff: 1
n
LO:
2.1: How does marketing affect customer value?
n n n n n n n
AACSB: Reflective thinking n
3) The value delivery process can be divided into three phases, out of which "
n n n n n n n n n n n n n
1
, Test Bank for Marketing Management
n n n n
15thEdition by Keller & Kotler n n n n
choosing the value" implies
n n n
, which is the essence of strategic marketing.
n n n n n n n
2
, Test Bank for Marketing Management
n n n n
15thEdition by Keller & Kotler n n n n
A) segmentation, developing, and delivering
n n n
B) targeting, positioning, and communicating
n n n
C) targeting, positioning, and delivering
n n n
D) segmentation, targeting, and positioning
n n n
E) researching, developing, and delivering
n n n n
Answer: D
Diff: 1
n
LO:
2.1: How does marketing affect customer value?
n n n n n n n
AACSB: Reflective thinking n
3
, Test Bank for Marketing Management
n n n n
15thEdition by Keller & Kotler n n n n
4) Apex Corporation is one of the best in its industry in terms of costs and perfor
n n n n n n n n n n n n n n n
mance. Many companies in its industry will probably consider Apex as a
n n n n n n n n n n n
.
A) pioneer
B) benchmark
C) target for acquisition
n n
D) future supplier n
E) sounding board for ideas n n n n
Answer: B
Diff: 1 n
LO:
2.1: How does marketing affect customer value?
n n n n n n n
AACSB: Application of knowledge n n
5) James Frank has been put in charge of gathering marketing intelligence, disse
n n n n n n n n n n n
minating it within his organization, and eventually directing action on the inform
n n n n n n n n n n n
ation. Mr. Frank's task is best described as part of the
n n n process. n n n n n n n
A) market-sensing
B) new-offering realization n
C) customer acquisition n
D) customer relationship management n n
E) fulfillment management n
Answer: A
n
Diff: 3 n
LO:
2.1: How does marketing affect customer value? AA
n n n n n n n
CSB: Analytical thinking; Application of knowledge n n n n
6) When a customer places an order at BookBox.com, the company processes the c
n n n n n n n n n n n n
ustomer's payment information, sends the order to the nearest warehouse, and ship
n n n n n n n n n n n
s the order via FedEx. This is best described as the
n n n n process. n n n n n n
A) market-sensing
B) customer acquisition n
C) customer relationship management n n
4
15thEdition by Keller & Kotler n n n n
Marketing Management, 15e (Kotler)n n n
Chapter 2 Developing Marketing Strategies and Plans
n n n n n
B) strategic marketing plan n n
C) corporate tactical plan n n
D) corporate 1) The task of any business is to
n n . n n n n n n
A) create customer needs n n
B) differentiate in terms of cost of production n n n n n n
C) deliver customer value at a profit
n n n n n
D) reduce competition n
E) communicate similar value as provided by competitors n n n n n n n
Answer: C
Diff: 1
n
LO:
2.1: How does marketing affect customer value?
n n n n n n n
AACSB: Reflective thinking n
2) What is the traditional view of marketing?
n n n n n n
A) Firms should just focus on production because if the products are good then th
n n n n n n n n n n n n n
ey will automatically sell.
n n n
B) Firms should just focus on production and selling because marketing occurs as a p
n n n n n n n n n n n n n
art of the selling process.
n n n n
C) Firms should have a proper marketing team that can increase consumers' a
n n n n n n n n n n n
wareness of their products and rouse their interest in them.
n n n n n n n n n
D) Firms should price their products as low as possible so that marketing them b
n n n n n n n n n n n n n
ecomes easy. n
E) Firms should remember that promotion is the most important of the four Ps. A
n n n n n n n n n n n n n
nswer: B
Diff: 1
n
LO:
2.1: How does marketing affect customer value?
n n n n n n n
AACSB: Reflective thinking n
3) The value delivery process can be divided into three phases, out of which "
n n n n n n n n n n n n n
1
, Test Bank for Marketing Management
n n n n
15thEdition by Keller & Kotler n n n n
choosing the value" implies
n n n
, which is the essence of strategic marketing.
n n n n n n n
2
, Test Bank for Marketing Management
n n n n
15thEdition by Keller & Kotler n n n n
A) segmentation, developing, and delivering
n n n
B) targeting, positioning, and communicating
n n n
C) targeting, positioning, and delivering
n n n
D) segmentation, targeting, and positioning
n n n
E) researching, developing, and delivering
n n n n
Answer: D
Diff: 1
n
LO:
2.1: How does marketing affect customer value?
n n n n n n n
AACSB: Reflective thinking n
3
, Test Bank for Marketing Management
n n n n
15thEdition by Keller & Kotler n n n n
4) Apex Corporation is one of the best in its industry in terms of costs and perfor
n n n n n n n n n n n n n n n
mance. Many companies in its industry will probably consider Apex as a
n n n n n n n n n n n
.
A) pioneer
B) benchmark
C) target for acquisition
n n
D) future supplier n
E) sounding board for ideas n n n n
Answer: B
Diff: 1 n
LO:
2.1: How does marketing affect customer value?
n n n n n n n
AACSB: Application of knowledge n n
5) James Frank has been put in charge of gathering marketing intelligence, disse
n n n n n n n n n n n
minating it within his organization, and eventually directing action on the inform
n n n n n n n n n n n
ation. Mr. Frank's task is best described as part of the
n n n process. n n n n n n n
A) market-sensing
B) new-offering realization n
C) customer acquisition n
D) customer relationship management n n
E) fulfillment management n
Answer: A
n
Diff: 3 n
LO:
2.1: How does marketing affect customer value? AA
n n n n n n n
CSB: Analytical thinking; Application of knowledge n n n n
6) When a customer places an order at BookBox.com, the company processes the c
n n n n n n n n n n n n
ustomer's payment information, sends the order to the nearest warehouse, and ship
n n n n n n n n n n n
s the order via FedEx. This is best described as the
n n n n process. n n n n n n
A) market-sensing
B) customer acquisition n
C) customer relationship management n n
4