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INSTANT DOWNLOAD TESTBANK FOR MKTG 6th Edition Principles of Marketing, Canadian Edition Charles W. Lamb - TESTBANK

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,TESTBANK FOR MKTG 6th Edition Principles of
Marketing, Canadian Edition Charles W. Lamb
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,Name: Class: Date:

Chapter 1 - An Introduction to Marketing
1. What does the term marketing refer to?
a. new product concepts and improvements
b. selling
c. advertising and promotional activities
d. understanding and focusing on customer needs

ANSWER: d

2. What is the definition of marketing?
a. understanding the needs and wants of the b. seeking to discover, investigate, create, and
consumer to deliver a promised offering announce value for customers and society as
a whole
c. developing the needs for the advertising d. developing the wants of a marketing firm’s
of a product or service to a consumer tools that will bring the product to market

ANSWER: b

3. Without marketing, which of the following does not exist?
a. product b. strategy
c. customer d. competition

ANSWER: c

4. What is marketing’s main focus?
a. a control system b. marketing products
c. understanding value d. profits

ANSWER: c

5. Which of the following best defines marketing?
a. creating processes within an organization
b. creating advertising and social media strategies
c. analyzing the market for the next big product or service
d. defining value in order to meet consumer needs

ANSWER: d

6. When did the AMA definition of delivering “value for customers, clients, partners, and society at
large” occur?
a. 1998 b. 2004
c. 2007 d. 2013

ANSWER: c

7. What is an important part of marketing as it relates to needs?
a. planning strategy b. customer management
c. engaging with the customer d. reciprocity

ANSWER: c

8. Which of the following best describes a highly desirable outcome of marketing?
Copyright Cengage Learning. Powered by Cognero. Page 1

, Name: Class: Date:

Chapter 1 - An Introduction to Marketing
a. promotional activities b. personal selling
c. advertising d. customer satisfaction

ANSWER: d

9. The goal of marketing is summarized nicely by which of the following?
a. the customer b. the competition
c. the firms advertising d. the marketing concept

ANSWER: d

10. An organization that is focused on satisfying the customer’s current situation and helping to find
solutions is an adherence to which of the following?
a. needs b. the profit principle
c. the need to make money d. a desire to beat competition

ANSWER: a

11. Which statement best describes marketing?
a. It is more of a philosophy rather than an organization function.
b. It is focused on just selling goods, services, and/or ideas.
c. It rewards the seller and not the buyer of a transaction.
d. It focuses on delivering value and benefits to customers.

ANSWER: d

12. What is the primary goal when describing the history of marketing?
a. to criticize marketing practices
b. to establish a chronological timeline
c. to determine how marketing’s role has evolved
d. to emphasize misnomers and misinterpretations

ANSWER: c

13. According to the text, why is understanding the history of marketing considered beneficial?
a. to criticize contemporary marketing techniques
b. to address misconceptions and misinterpretations
c. to create a timeline of marketing events
d. to promote sordid marketing practices

ANSWER: b

14. What caution does the text give to readers regarding the eras of marketing?
a. There is no agreed-upon start and end date for b. Overlapping eras are intentional for
particular eras. confusion.
c. The naming of eras is irrelevant in marketing d. Eras are clearly defined without any
history. disagreements.

ANSWER: a

15. A criticism about the Era of Antecedents was a focus on meeting the needs of which group?
Copyright Cengage Learning. Powered by Cognero. Page 2

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