1. Organizations need to achieve total customer satisfaction to meet expectations and provide a feeling of pleasure rather than disappointment.
2. Marketing intelligence consists of procedures and sources managers use to obtain everyday information about developments in the marketing environment.
3. Companies like 3M and HP use stage-gate processes to manage innovation.
4. Marketing research gathers, analyzes, and distributes needed and timely information to marketing decision makers through people, equipment, and procedures.
5. A company can improve its marketing intelligence quality by purchasing competitors' products, attending trade shows, and reading published reports.
PM (16e) Exam 2f (Ch 6-12)TrueFalseIndicate whether the sta.docxLeilaniPoolsy
ย
PM (16e) Exam 2f (Ch 6-12)
True/False
Indicate whether the statement is true or false.
____ 1. It was not until the introduction of the Chevrolet Nova in Mexico that marketers realized โno vaโ in Spanish means โwonโt go.โ This linguistic error demonstrates how Chevrolet overlooked cultural differences in its product introduction.
____ 2. Subcultures are groups within a larger culture that have their own distinct modes of behavior.
____ 3. A reference groupโs influence on the purchasing decision of a member is often greater when the product is more conspicuous and not commonly owned.
____ 4. Groups whose value structures and standards influence a personโs behavior are known as reference groups.
____ 5. Social class has rankings determined by income, occupation, education, family background, and location of residence.
____ 6. Opinion leaders are the first consumers to try new products and then share their experience by word of mouth.
____ 7. Maslowโs hierarchy of needs begins with self-actualization needs and progresses to physiological needs at the highest level.
____ 8. Perception is the meaning a person attributes to incoming stimuli gathered through the senses of hearing, taste, smell, touch, and sight.
____ 9. Consumers with strong loyalties to certain products are more difficult to reach with competitive advertising.
____ 10. The self-image is the image to which an individual aspires and hence, it serves as a personal set of objectives.
____ 11. Consumers are most likely to exhibit routinized response behavior while purchasing low-involvement products.
____ 12. A company that groups its customers into categories like manufacturers, wholesalers, and retailers based on buyerโs product specifications, is using the psychographic segmentation approach.
____ 13. Capital items are items that are consumed within short time periods.
____ 14. Airlines continue to purchase the same amount of fuel in order to meet their operational needs regardless of the rise in prices of jet fuel. The type of demand for jet fuel in the above situation is an example of an inelastic demand.
____ 15. Firms that practice sole sourcing tend to order from a large pool of suppliers to hedge the risk of failure of one supplier.
____ 16. If a company wants to concentrate its resources on its core business, it may be wise to outsource support functions.
____ 17. Outsourcing and offshoring have the potential to slow a companyโs efforts in bringing new products to market.
____ 18. Aitzen systems sources all the required components and raw materials necessary for making a computer system from various suppliers in the country and assembles them to create a final product. Aitzen is engaging in multiple sourcing.
____ 19. The consumer market equivalent of new-task buying is limited problem solving.
____ 20. Sole sourcing refers to the systematic study of the components of a purchase to determine the most cost-effective approach.
____ 21. The buying center is .
PM (16e) Exam 2f (Ch 6-12)TrueFalseIndicate whether the sta.docxLeilaniPoolsy
ย
PM (16e) Exam 2f (Ch 6-12)
True/False
Indicate whether the statement is true or false.
____ 1. It was not until the introduction of the Chevrolet Nova in Mexico that marketers realized โno vaโ in Spanish means โwonโt go.โ This linguistic error demonstrates how Chevrolet overlooked cultural differences in its product introduction.
____ 2. Subcultures are groups within a larger culture that have their own distinct modes of behavior.
____ 3. A reference groupโs influence on the purchasing decision of a member is often greater when the product is more conspicuous and not commonly owned.
____ 4. Groups whose value structures and standards influence a personโs behavior are known as reference groups.
____ 5. Social class has rankings determined by income, occupation, education, family background, and location of residence.
____ 6. Opinion leaders are the first consumers to try new products and then share their experience by word of mouth.
____ 7. Maslowโs hierarchy of needs begins with self-actualization needs and progresses to physiological needs at the highest level.
____ 8. Perception is the meaning a person attributes to incoming stimuli gathered through the senses of hearing, taste, smell, touch, and sight.
____ 9. Consumers with strong loyalties to certain products are more difficult to reach with competitive advertising.
____ 10. The self-image is the image to which an individual aspires and hence, it serves as a personal set of objectives.
____ 11. Consumers are most likely to exhibit routinized response behavior while purchasing low-involvement products.
____ 12. A company that groups its customers into categories like manufacturers, wholesalers, and retailers based on buyerโs product specifications, is using the psychographic segmentation approach.
____ 13. Capital items are items that are consumed within short time periods.
____ 14. Airlines continue to purchase the same amount of fuel in order to meet their operational needs regardless of the rise in prices of jet fuel. The type of demand for jet fuel in the above situation is an example of an inelastic demand.
____ 15. Firms that practice sole sourcing tend to order from a large pool of suppliers to hedge the risk of failure of one supplier.
____ 16. If a company wants to concentrate its resources on its core business, it may be wise to outsource support functions.
____ 17. Outsourcing and offshoring have the potential to slow a companyโs efforts in bringing new products to market.
____ 18. Aitzen systems sources all the required components and raw materials necessary for making a computer system from various suppliers in the country and assembles them to create a final product. Aitzen is engaging in multiple sourcing.
____ 19. The consumer market equivalent of new-task buying is limited problem solving.
____ 20. Sole sourcing refers to the systematic study of the components of a purchase to determine the most cost-effective approach.
____ 21. The buying center is .
Putting the SPARK into Virtual Training.pptxCynthia Clay
ย
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
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HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
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LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
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Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.๐คฏ
We will dig deeper into:
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Improving profitability for small businessBen Wann
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In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
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This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
"๐ฉ๐ฌ๐ฎ๐ผ๐ต ๐พ๐ฐ๐ป๐ฏ ๐ป๐ฑ ๐ฐ๐บ ๐ฏ๐จ๐ณ๐ญ ๐ซ๐ถ๐ต๐ฌ"
๐๐ ๐๐จ๐ฆ๐ฌ (๐๐ ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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"๐๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ง๐ญ ๐ข๐ฌ ๐ ๐ฌ๐ญ๐จ๐ซ๐ฒ, ๐ ๐ฌ๐ฉ๐๐๐ข๐๐ฅ ๐ฃ๐จ๐ฎ๐ซ๐ง๐๐ฒ. ๐๐ ๐๐ฅ๐ฐ๐๐ฒ๐ฌ ๐๐๐ฅ๐ข๐๐ฏ๐ ๐ญ๐ก๐๐ญ ๐ฌ๐ก๐จ๐ซ๐ญ๐ฅ๐ฒ ๐ฒ๐จ๐ฎ ๐ฐ๐ข๐ฅ๐ฅ ๐๐ ๐ ๐ฉ๐๐ซ๐ญ ๐จ๐ ๐จ๐ฎ๐ซ ๐ฌ๐ญ๐จ๐ซ๐ข๐๐ฌ."
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
ย
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
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It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
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Discover the innovative and creative projects that highlight my journey throughย Full Sail University. Below, youโll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
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Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
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RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
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Str 581 final exams
1. STR 581 FINAL EXAMS
CLICK HERE TO DOWNLOAD
1) Total customer satisfaction is the general feeling of pleasure or disappointment that results
from comparing perceived performance to expectations. To achieve total customer satisfaction,
organizations need to_____________.
2) A ________ is a set of procedures and sources managers use to obtain everyday information
about developments in the marketing environment.
3) 3M, Hewlett-Packard, Lego, and other companies use the ________ to manage the innovation
process.
4) ________ consists of people, equipment, and procedures to gather, sort, analyze, evaluate, and
distribute needed, timely, and accurate information to marketing decision makers.
5) A company can take several steps to improve the quality of its marketing intelligence. If the
company purchases competitive products for study, attends open houses and trade shows, and
reads competitors' published reports and stockholder information, the company is using
________ to improve the quality of its marketing intelligence.
6) Most established companies focus on ________ when it comes to innovation.
7) The value proposition consists of a cluster of benefits the company promises to deliver; it is
8) Particularly when shopping for ego-sensitive products such as perfumes and expensive cars,
many consumers use price as an indicator of ________.
9) ________ is the result of a concentrated effort by designers, engineers, and purchasing agents
to reduce the product's overall costs.
10) A firm has to consider many factors in setting its pricing policy. We list these as a six-step
process. Which of the following is NOT one of these steps?
11) The first step in the marketing research process is to ________.
12) Marketing research is now about a ________ billion industry globally.
13) Which of the following types of marketing research firms would best be described as one
that gathers consumer and trade information which they sell for a fee (e.g., Nielsen Media
Research)?
14) ________ communicates a company's intended value positioning of its product or brand to
the market.
15) A company can add new products through acquisition or development. The acquisition route
can take three forms. The company can buy other companies, it can acquire patents from other
companies, or it can buy a ________ or _________ from another company.
16) Some intermediaries use the following: strategic planning, advanced information systems,
sophisticated marketing tools, measure performance on a return-on-investment basis, segment
their markets, improve their target marketing and positioning, and ________.
17) Price has operated as the major determinant of buyer choice among poorer nations, among
poorer groups, and with ________ products.
18) The chief disadvantage to a firm that decides to follow a product specialization strategy in
2. selecting target markets is ________.
19) To reach Generation Y, rock band Foo Fighters created a digital street team that sends
targeted e-mail messages to members who โget the latest news, exclusive audio/video sneak
previews, tons of chances to win great Foo Fighters prizes, and become part of the Foo Fighters
Family.โ Which of the following techniques for reaching Generation Y are the Foo Fighters
using?
20) The marketing communications mix consists of six major modes of communications. Which
of the following is NOT one of these modes?
21) โPower pricesโ use price as a key strategic tool. These โpower pricesโ have discovered the
highly ________ effect of price on the bottom line.
22) Following the ________ approach to target market selection encompasses a strong
knowledge of the segment's needs, a strong market presence, and operating economies through
specializing in production, distribution, and promotion.
23) New-to-the- world products are ________.
24) If no one is aware of conflict, it is generally agreed that _____.
25) The two general approaches to bargaining are known as ________.
26) Danielle wants to become a surgeon, not only because achieving this goal will give her self-
respect and autonomy, but also because she wants a job with high status and recognition from
others. Which of Maslow's needs is Danielle trying to fill?
27) Which of the following statements about leadership is true?
28) The traditional view of conflict is the belief that conflict is _____.
29) _____ bargaining is negotiation that seeks to divide a โfixed pie.โ
30) Which of the following statements best defines a work group?
31) Which type of skill training has become increasingly important in organizations?
32) Examples of on-the-job training include all of the following except _____.
33) According to a recent survey, about ___ percent of employees working in the 1,000 largest
U.S. corporations receive ethics training.
34) Which of the following is NOT a typical written test used in organizations?
35) _____ can be used to increase the perception that employees are treated fairly.
36) Which of the following is not a primary force for change in organizations?
37) What term is used for the tendency of an individual to attribute his own successes to internal
factors while putting the blame for failures on external factors?
38) Whenever Jane is successful she takes full credit for what has happened, but whenever she is
unsuccessful she attributes her failure to bad luck or blames one of her fellow employees. She is
guilty of _____.
39) Work specialization is the same as _____.
40) Organizational structure has six key elements. Which of the following is not one of these
elements?
41) According to David Maister, the most complex projects requiring innovation and creativity
are called _________.
3. 42) Refer To: 0801 The inventory turnover for this company is:
43) According to Goldratt and Fox, a useful performance measure to treat inventory is ______.
44) Which of the following product promotional activities would probably help make the supply
chain more efficient?
45) If the system contains a bottleneck, the _______ is the best place for control. If there is no
bottleneck, the __________ is the best place for control.
46) A checking account is __________.
47) An all-equity-financed firm would __________.
48) Under capital rationing, given the choice among several equally attractive investments, the
best tool to use is the __________.
49) An investor's risky portfolio is made up of individual stocks. Which of the following
statements about this portfolio is true?
50) __________ says to seek out investments that offer the greatest expected risk-adjusted real
return.
51) Due to asymmetric information, the market fears that a firm issuing securities will do so
when the stock is _________.
52) โHardโ capital rationing refers to the rationing __________.
53) Which of the following statements is true?
54) __________ says to recognize the value of hidden options in a situation, such as the foreign
exchange options in some derivative instruments.
55) __________ says to look for opportunities to invest in positive-NPV projects in foreign
markets or to develop derivatives or design arrangements that enable firms to cope better with
the risks they face in their foreign operations.
56) A key variable covered in our text for the Black-Scholes OPM is __________.
57) The conversion price (for a convertible security) is usually adjusted __________.
58) The managerial decision best addresses which of the following questions?
59) The investment decision best addresses which of the following questions?
60) __________ says to use derivatives to pay others to take risks.
61) __________ says to recognize the value of options contained in derivatives.
62) You do a study and find out that, on average, stock prices for firms decrease 3% for every
5% decrease in inside ownership. You are watching the nightly business report and find out that
Magic Tape's stock has announced that insiders have sold 10% of their holdings. You are
concerned because you own 1,000 shares of Magic Tape and it had closed the day before
unchanged at $30 per share. If markets are at least semi-strong form efficient, what would you
expect?
63) Which (if any) statement is false?
64) Which of the following is (are) true?
65) A transfer price exists when two segments of the same organization sell _____.
66) Which decision will involve no incremental revenues?
67) Cena Corporation has a joint process that produces three products: P, G, and A. Each product
4. may be sold at split-off or processed further and then sold. Joint-processing costs for a year
amount to $25,000.
68) It costs Garner Company $12 of variable and $5 of fixed costs to produce one bathroom
scale which normally sells for $35. A foreign wholesaler offers to purchase 2,000 scales at $15
each. Garner would incur special shipping costs of $1 per scale if the order were accepted.
Garner has sufficient unused capacity to produce the 2,000 scales. If the special order is
accepted, what will be the effect on net income?
69) Joint products should be processed beyond the split-off point if _____.
70) Important factors considered by sales forecasters include all of the following except _____.
71) Which of the following does not appear as a separate section on the cash budget?
72) Beginning cash balance plus total receipts
73) The financing section of a cash budget is needed if there is a cash deficiency or if the ending
cash balance is less than:
74) How much sales are required to earn a target income of $80,000 if total fixed costs are
$100,000 and the contribution margin ratio is 40%?
75) A company has total fixed costs of $120,000 and a contribution margin ratio of 20%. The
total sales necessary to break even are
76) A variable cost is a cost that
77) At the break-even point of 2,000 units, variable costs are $55,000, and fixed costs are
$32,000. How much is the selling price per unit?
78) A process cost accounting system is most appropriate when
79) Absorption costing assigns _____ to the product.
80) Identify which statement about "currently attainable standards" is NOT true.
81) A well-designed activity-based costing system starts with
82) Which of the following statements is incorrect with respect to creditors and equity investors?
83) _____ are sections of the balance sheet.
84) The _____ is not one of the three major financial statements.
85) _____ are profitability ratios.
86) Although the U.S. has had a longstanding agreement with ___________, after the passage of
NAFTA, _________ became the United States' second largest trading partner.
87) Which country does the text describe as becoming the largest producer and consumer of
many of the world's goods?
88) Diversity training programs are generally intended to provide a vehicle for _____.
89) Which social responsibility theory has been advocated by Novel Prizewinning economist
Milton Friedman?
90) One study found that manufacturing labor costs about ___ an hour in China, compared to
____ dollars in the United States.
91) Which of the following statements is generally NOT true about state intermediate appellate
courts?
92) Which of the following is correct about litigating commercial disputes?
5. 93) If consumer incomes increase, the demand for product Y will _____________.
94) When an economist says that the demand for a product has increased, this means that:
95) The force behind globalization in _____ was the amount of muscle, horsepower, wind
power, or steam power that a country could deploy.
96) The Global, Web-Based Platform enables individuals to do which of the following?
97) The costs of delivering products in the _____ channel are much higher than delivering
products in the _____ channel.
98) Two complimentary approaches to measure marketing productivity are ________ and
marketing-mix modeling to estimate casual relationships and how marketing activity affects
outcomes.
99) ________ is a qualitative research approach for getting inside a consumer's mind and finding
out what they are thinking or feeling (e.g., a consumer says that the John Deere brand makes
them think of a rugged Midwestern male who is hard-working and trustworthy).
100) The use of a(n) _____ serves as a comparison to assess the existence and potency of the
manipulation.