top 20 questions
DESCRIPTION
Improved Top 20 QuestionsTRANSCRIPT
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Improved Learning Questions for
Kotler’s 22 Chapters
Soleil GanApril 2011
http://taeyangxinyi.blogspot.com
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Chapter 1: Defining Marketing for the 21st
Century
Ria Abendan / Soleil GanApril 2011
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3. In a modern exchange economy, ______ markets buy resources from ______ markets, turn them to goods and services, and sell them to _______ markets.
A. Government, manufacturer, consumerB. Manufacturer, resource, intermediaryC. Resource, consumer, governmentD. Intermediary, resource, consumerE. None of the above
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3. In a modern exchange economy, ______ markets buy resources from ______ markets, turn them to goods and services, and sell them to _______ markets.
A. Manufacturer, resource, consumerB. Manufacturer, resource, intermediaryC. Resource, consumer, governmentD. Resource, manufacturer, intermediaryE. None of the above
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There are five basic markets in a modern economy
Manufacturer Markets
ConsumerMarkets
IntermediaryMarkets
ResourceMarkets
GovernmentMarkets
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Consumers sell labor to resource markets
Manufacturer Markets
ConsumerMarkets
ResourceMarkets
GovernmentMarkets
resources
money
IntermediaryMarkets
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Manufacturers buy resources…
Manufacturer Markets
ConsumerMarkets
ResourceMarkets
GovernmentMarkets
resourcesresources
money money
IntermediaryMarkets
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…turn them to goods & services and sell to intermediaries
Manufacturer Markets
ConsumerMarkets
ResourceMarkets
GovernmentMarkets
resourcesresources
goods and services
money
money money
IntermediaryMarkets
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Intermediaries sell finished goods to consumers
Manufacturer Markets
ConsumerMarkets
ResourceMarkets
GovernmentMarkets
resourcesresources
goods and services goods and services
money money
money money
IntermediaryMarkets
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The government collects tax revenues to buy goods
Manufacturer Markets
ConsumerMarkets
ResourceMarkets
GovernmentMarkets
resourcesresources
goods and services goods and services
money money
money money
taxes
taxes, goods
taxes, goods
taxes, goods
IntermediaryMarkets
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And uses these goods and services to provide public service
Manufacturer Markets
ConsumerMarkets
ResourceMarkets
GovernmentMarkets
resourcesresources
goods and services goods and services
money money
money money
taxes
taxes, goods
taxes, goods
taxes, goods
services
services, money
services, money
services, money
IntermediaryMarkets
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3. In a modern exchange economy, ______ markets buy resources from ______ markets, turn them to goods and services, and sell them to _______ markets.
A. Manufacturer, resource, consumerB. Manufacturer, resource, intermediaryC. Resource, consumer, governmentD. Resource, manufacturer, intermediaryE. None of the above
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Chapter 2: Developing MarketingStrategies and Plans
Steven Michael Y. Andrada / Soleil Gan
April 15, 2011
www.stevenandrada.blogspot.com
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5. What kind of business orientation that puts the customer at the heart of the business?
A. Product orientationB. Geographical orientationC. Market orientationD. Competence orientationE. None of the above
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5. What kind of business orientation puts the customer at the heart of the business?
A. Product orientationB. Consumer orientationC. Market orientationD. Media orientationE. None of the above
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Types of Business Orientation
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Product Orientation - The company believes that they have a superior product, based on quality and features, and because of this they feel their customers will like it also.
Market Orientation - Puts the customer at the
heart of the business.
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Examples
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Question 5:
Company Product Market
Cebu Pacific Air
We run an Airline company
It’s time everyone to
flies
PLDT We run a Telecommunicati
on company
We’re changing lives
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5. What kind of business orientation puts the customer at the heart of the business?
A. Product orientationB. Consumer orientationC. Market orientationD. Media orientationE. None of the above
34/73www.stevenandrada.blogspot.com
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Ch 3: Gathering Information and Scanning the Environment
Ma. Katrina S. Avellana / Soleil GanApril 2011
http://kavellana.blogspot.com
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2. Information needs:
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A. Facts
B. Probes
C. Numerical Figures
D. Concrete Examples
E. All of the above
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2. Information needs:
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A. Queries
B. Probes
C. References
D. Statistics
E. All of the above
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Information needs probes
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Information needs probes
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• What decisions do you regularly make?
• What information is needed for these decisions?
• What information do you regularly get?
• What special studies do you periodically request?
• What information is needed but not given?
• What 4 improvements are for the present MIS?
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2. Information needs:
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A. Queries
B. Probes
C. References
D. Statistics
E. All of the above
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Chapter 4: Conducting Marketing Research and
Forecasting Demand
Megha Behani / Soleil Gan15th April ’2011
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#9: “ What does the Rolex name mean to you?” is an example of ___
A. Brand personificationB. LadderingC. Word associationD. VisualizationE. Projective Techniques
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#9: “ What does the Rolex name mean to you?” is an example of which qualitative measure?
A. Projective TechniquesB. Market BehaviourC. Word AssociationD. VisualizationE. None of the Above
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Concept:What are the qualitative measures to understand consumer’s mind?
Word Association Projective Techniques Laddering Visualization Brand Personification
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Word Association: Ask subjects what words come to mind when they customer hears the brand’s name
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Projective techniques:Give incomplete /ambiguous stimulus and ask them to make sense of it
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Laddering: A series of more specific “why” questions to reveal consumer’s abstract goals!
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Visualization: Creating collage from magazine to depict perceptions
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Brand Personification: Ask subjects what kind of person they think of when the brand is mentioned..
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#9: “ What does the Rolex name mean to you?” is an example of which qualitative measure?
A. Projective TechniquesB. Market BehaviourC. Word AssociationD. VisualizationE. None of the Above
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Chapter 5: Creating Customer Value, Satisfaction, and
Loyalty
Cabunilas, Michelle M. / Soleil Gan15 April 2011
http://cabunilasmichelle.blogspot.comKotler, Keller, Marketing Management,
13th ed.
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4. It is the total feature and characteristic of a product or service that has an ability to satisfy needs.
http://cabunilasmichelle.blogspot.comKotler, Keller, Marketing Management,
13th ed.
A. PerformanceB. MarketingC. QualityD. VariationE. None of the Above
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4. It is the total feature and characteristic of a product or service that has an ability to satisfy needs.
http://cabunilasmichelle.blogspot.comKotler, Keller, Marketing Management,
13th ed.
A. PerformanceB. QuantityC. QualityD. PriceE. Variation
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Concept 3: Product and Service Quality
http://cabunilasmichelle.blogspot.comKotler, Keller, Marketing Management,
13th ed.
WHAT IS
Is the total feature and characteristic of a product or service that has an ability to satisfy needs.
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4. It is the total feature and characteristic of a product or service that has an ability to satisfy needs.
http://cabunilasmichelle.blogspot.comKotler, Keller, Marketing Management,
13th ed.
A. PerformanceB. QuantityC. QualityD. PriceE. Variation
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Ch6: Analyzing Consumer Markets
Roleigh “Rolly” Tuazon / Soleil Gan15 April 2011
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8. What step is not included in the consumer buying process?
A. Problem Recognition B. Evaluation C. Post-Purchase Behavior D. Only two of the above E. All of the above
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8. What step is not included in the consumer buying process?
A. Problem RecognitionB. EvaluationC. Post-Purchase BehaviorD. All of the AboveE. None of the Above
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Consumer Buying Process
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Problem Recognition
Information Search
Evaluation
Purchase Decision
Post-Purchase BehaviorKotler, Keller. Marketing Management, 13th
Edition.
Concept 10:
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8. What step is not included in the consumer buying process?
A. Problem RecognitionB. EvaluationC. Post-Purchase BehaviorD. All of the AboveE. None of the Above
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Chapter 7: Analyzing Business Markets
Diana Rose Flores-Gaspar / Soleil GanApril 2011
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7. Setting a 500-cavan of rice per customer is an example of what strategy in handling price oriented customers?
A. Budgeted DisseminationB. Make No AdjustmentsC. Limited Quantity PurchaseD. Resource AllocationE. None of the Above
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7. Setting a 500-cavan of rice per customer is an example of what strategy in handling price oriented customers?
A. Budgeted DisseminationB. Make No AdjustmentsC. Limited Quantity PurchaseD. Resource AllocationE. None of the Above
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Ch 8: Identifying Market Segments and Targets
Myrtle Frantilla / Soleil GanApril 14, 2011
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3. A market segment consists of a group of customers who share a similar set of needs and wants.
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A.
B.
True
False
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3. A market segment consists of a group of customers who share a similar set of needs, wants and demands.
A. TrueB. False
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Market Segment
Targeting a group of customers
who share a similar set ofneeds and wants.
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http://myrtlefrantilla.blogspot.com/
3. A market segment consists of a group of customers who share a similar set of needs, wants and demands.
A. TrueB. False
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Chapter 10:
Crafting the Brand Positioning
Anna Katrina L. Guray / Soleil Gan
April 15, 2011http://annaguray06.blogspot.com
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5. differentiation is the way a company aims to identify and position itself or its products.
a. Productb. Channelc. Imaged. Personnele. All of the above
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Question w/ Answer
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5. differentiation is the way a company aims to identify and position itself or its products.
a. Productb. Personnelc. Characteristicd. Imagee. None of the above
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Question w/ Answer
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Create Differentiation!
Concept 5: Differentiation Strategies
PRODUCT
PERSONNEL
CHANNEL
IMAGE
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Create Differentiation!
Concept 5: Differentiation Strategies
PRODUCT
PERSONNEL
CHANNEL
IMAGE
http://annaguray06.blogspot.com
the way a company aims to identify and position itself or its products
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5. differentiation is the way a company aims to identify and position itself or its products.
a. Productb. Personnelc. Characteristicd. Imagee. None of the above
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Question w/ Answer
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Chapter 11:
Dealing with Competition
Lady Charmayne Hao / Soleil GanApril 2011
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2. The percentage of customers whose company’s product they prefer to buy pertains to _____.
a. Share of mindb. Share of heartc. Share of marketd. Both a and ce. Both b and c
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2. The percentage of customers whose company’s product they prefer to buy pertains to _____.
a. Share of mind b. Share of heart c. Share of walletd. Share of markete. None of the above
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What to consider on competitor analysis?
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Share of mindShare of heart
Share of market
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“Share of heart” refers to the percentage of customers whose company’s product they want to buy
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“Name the company
from which you would
prefer to buy!”
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2. The percentage of customers whose company’s product they prefer to buy pertains to _____.
a. Share of mind b. Share of heart c. Share of walletd. Share of markete. None of the above
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Chapter 12 Setting Product Strategies
Lam, John Paul C. / Soleil GanApril 2011
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7. A hotel guest buying rest and sleep exhibits the ________
A. core benefitB. basic productC. expected productD. augmented productE. potential product
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7. A hotel guest buying rest and sleep exhibits which of the product levels?
A. core benefitB. basic productC. expected productD. augmented productE. potential product
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Concept 2: Product Levels – Product Value, how the customer sees it
-Each level adds more value to customer
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Concept 2: Core Benefit – Service or Benefit the customer is really buying
Eg: Hotel guest buying rest and sleep
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Concept 2: Basic Product - Turning core benefit into basic product
Eg: hotel room with bed, dresser, shower…etc.
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Concept 2: Expected Product – What buyers expect
Eg: hotel guests expects a clean bed, fresh towels…etc.
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Concept 2: Augmented Product – exceeds customer expectations
Eg: Hotel adds a chocolate on top of the pillow
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Concept 2: Potential product – all possible transformations of the product in the future
Eg. Hotel becomes a tourist attraction
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7. A hotel guest buying rest and sleep exhibits which of the product levels?
A. core benefitB. basic productC. expected productD. augmented productE. potential product
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Ch 13 Designing and Managing Services
Ronald Patrick G. Wenceslao /Soleil GanApril 2011
rgwenceslao.blogspot.com
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4
7. Service companies are encourage to have _________ to manage the “demand” for its services:
A. Shared servicesB. Part-time employeesC. Increase consumer participationD. Reservation systemsE. Facilities for future expansion
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4
7. Service companies are encourage to have _________ to manage the “demand” for its services:
A. Shared servicesB. Peak-time efficiencyC. Part-time employeesD. Reservation systemsE. Facilities for future expansion
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9
Matching Demand and Supply
DEMAND Side
• Differential pricing• Nonpeak demand• Complementary services• Reservation systems
SUPPLY Side
• Part-time employees• Peak-time efficiency• Increased consumer participation• Shared services• Facilities for future expansion
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4
7. Service companies are encourage to have _________ to manage the “demand” for its services:
A. Shared servicesB. Peak-time efficiencyC. Part-time employeesD. Reservation systemsE. Facilities for future expansion
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82
Ch 14: Developing Pricing Strategies and Programs
Bohong Li / Soleil GanApril 15 ,2011
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9. Supermarkets and department stores often drop the price on well-known brands to stimulate additional store traffic. This is an example of ____?
A. Special-event pricingB. Cash rebatesC. Low-interest financingD. Psychological discountingE. Loss-leader pricing
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9. Supermarkets and department stores often drop the price on well-known brands to stimulate additional store traffic. This is an example of ____?
A. Special-event pricingB. Product-line promotionsC. Market-reelingD. Psychological discountingE. Loss-leader pricing
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85
Loss-leader pricing Special-event pricing Cash rebates Low-interest financing Longer payment terms Warranties and service contracts Psychological discounting
Concept 9: Price-Adaption Strategy 3 : Promotional Pricing
From Philip Kotler’s, Marketing Management, 13th Edition
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Concept 9: Loss-leader pricing
A loss leader or leader is a product sold at a low price (at cost or below cost) to stimulate other,
profitable sales. It is a kind of sales
promotion.
One use of a loss leader is to draw customers into a store where they are likely to buy other goods. The vendor expects that the typical customer will purchase other items at the same time as the loss leader and that the profit made on these items will be such that an overall profit is generated for the vendor.
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9. Supermarkets and department stores often drop the price on well-known brands to stimulate additional store traffic. This is an example of ____?
A. Special-event pricingB. Product-line promotionsC. Market-reelingD. Psychological discountingE. Loss-leader pricing
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Chapter 15: Designing and Managing Integrated Marketing
Channels
Medina, Anna Liza O. / Soleil Gan
April 15,2011
http://annalimedina.blogspot.com
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5. Marketing channels must not just ______ markets, but must also ________ markets
A. Provide, CreateB. Serve, MakeC. Create, BuildD. Supply , Formulate
89http://annalimedina.blogspot.com
Answer
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5. Marketing channels must not just ______ markets, but must also ________ markets
A. Provide, CreateB. Serve, MakeC. Create, BuildD. Supply, FormulateE. Search for, Serve
90http://annalimedina.blogspot.com
Answer
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Concept 1: Importance & Development of Channels
http://annalimedina.blogspot.comKotler, Keller, Marketing Management,
13th ed.
Role of Marketing Channels: potential buyers profitable customers
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5. Marketing channels must not just ______ markets, but must also ________ markets
A. Provide, CreateB. Serve, MakeC. Create, BuildD. Supply, FormulateE. Search for, Serve
92http://annalimedina.blogspot.com
Answer
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Chapter 16: Managing Retailing, Wholesaling, and
Logistics
Joseph Gabriel N. Morales /Soleil Gan
April 14, 2011
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The following are part of Wholesaling Functions, except:
A. Selling and PromotingB. Bulk BreakingC. Management Services & CounselingD. Buying and assortment buildingE. Cost Bearing
94
Question 6
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The following are part of Wholesaling Functions, except:
A. Selling and PromotingB. Bulk BreakingC. Management Services & CounselingD. Buying and assortment buildingE. Profit Bearing
95
Question 6
Source: Marketing Management 13th Ed by Philip Kotler
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Wholesaling functions are…
96
Source: Marketing Management 13th Ed by Philip Kotler
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Wholesaling functions are… (cont’d)
97
Source: Marketing Management 13th Ed by Philip Kotler
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Wholesaling functions are… (cont’d)
98
Source: Marketing Management 13th Ed by Philip Kotler
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The following are part of Wholesaling Functions, except:
A. Selling and PromotingB. Bulk BreakingC. Management Services & CounselingD. Buying and assortment buildingE. Profit Bearing
99
Question 6
Source: Marketing Management 13th Ed by Philip Kotler
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Ch 17: Designing and Managing Integrated
Marketing Communication
Jan Kenneth Obar / Soleil GanApril 15, 2011
http://jankenneth-obar.blogspot.com
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9. A tool used to draw a stronger and quicker response. To push target audience to make the final step.
A. Sales Promotions
B. Free Samples
C. Interactive Marketing
D. Sponsored events
E. Direct Selling
101
http://jankenneth-obar.blogspot.com
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9. A tool used to draw a stronger and quicker response. To push target audience to make the final step.
A. Sales Promotions
B. Free Samples
C. Push Selling
D. Sponsored events
E. Discount Pricing
102
http://jankenneth-obar.blogspot.com
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Sales Promotion:
103
http://jankenneth-obar.blogspot.com
-Lead target audience to make the final step (purchase).
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Sales Promotion:Tools used to draw a stronger and quicker buyer response.
104
http://jankenneth-obar.blogspot.com
-Coupons
-Contests
-Premiums
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9. A tool used to draw a stronger and quicker response. To push target audience to make the final step.
A. Sales Promotions
B. Free Samples
C. Push Selling
D. Sponsored events
E. Discount Pricing
105
http://jankenneth-obar.blogspot.com
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Chapter 18 Managing Mass Communications
Francis Benson C. Hugo / Soleil GanApril 14, 2011
http://ph.linkedin.com/in/francisbensoncabehugo
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3. Among these 4 advertising objectives, which of the following aims to stimulate repeat purchase of products?
A. Informative advertisingB. Persuasive advertisingC. Reminder advertisingD. Reinforcement advertisingE. None of the above
107http://ph.linkedin.com/in/francisbensoncabehugo
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The advertisement of Biogesic below is an example of what advertising objective?
A. Informative advertisingB. Persuasive advertising C. Reminder advertisingD. Reinforcement advertisingE. None of the above
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Classification of advertising objectives according to their aim:
http://ph.linkedin.com/in/francisbensoncabehugo
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Classification of advertising objectives according to their aim:
http://ph.linkedin.com/in/francisbensoncabehugo
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The advertisement of Biogesic below is an example of what advertising objective?
A. Informative advertisingB. Persuasive advertising C. Reminder advertisingD. Reinforcement advertisingE. None of the above
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Ch 19: Managing Personal Communications
Caroline P. Quarte / Soleil GanApril 2011
http://carolinequarte.blogspot.com/
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3. What is the RFM formula for selecting prospects?
http://carolinequarte.blogspot.com/
Answer
A. Reduction, Functionality, MobilityB. Recency, Frequency, MonetaryC. Reaction, Friction, MissionD. Recency, Functionality, Monetary
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3. What is the RFM formula for selecting prospects?
http://carolinequarte.blogspot.com/
Answer
A. Reduction, Functionality, MobilityB. Recency, Frequency, MonetaryC. Reaction, Friction, MissionD. Recency, Functionality, MonetaryE. Repetition, Frequency, Marketability
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How to get a prospective client
Recency
Frequency
Monetary value
http://carolinequarte.blogspot.com/
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RFM Formula is a marketing technique used to determine quantitatively which customers are the best ones
- how recently a customer has purchased (Recency)
- how often they purchase (Frequency)
- how much the customer spends (Monetary).
http://carolinequarte.blogspot.com/
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3. What is the RFM formula for selecting prospects?
http://carolinequarte.blogspot.com/
Answer
A. Reduction, Functionality, MobilityB. Recency, Frequency, MonetaryC. Reaction, Friction, MissionD. Recency, Functionality, MonetaryE. Repetition, Frequency, Marketability
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Chapter 20: Introducing New Market Offerings
Louie Mark Quizon / Soleil GanApril 15, 2011
http://louiemarkquizon.blogspot.com
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7. ________ is an individual’s decision to become a regular user of the product
A. AwarenessB. InterestC. EvaluationD. TrialE. Adoption
119http://louiemarkquizon.blogspot.com
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7. ________ is an individual’s decision to become a regular user of the product
A. BuyingB. InterestC. ChoosingD. TrialE. Adoption
120http://louiemarkquizon.blogspot.com
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121http://louiemarkquizon.blogspot.com
How does a Consumer Adopt to a New Product and Service?
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122http://louiemarkquizon.blogspot.com
The consumer becomes aware of the innovation but lacks information about it
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123http://louiemarkquizon.blogspot.com
The consumer is stimulated to seek information about the innovation
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124http://louiemarkquizon.blogspot.com
The consumer considers whether to try the innovation
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125http://louiemarkquizon.blogspot.com
The consumer tries the innovation to improve his or her estimate of its value
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126http://louiemarkquizon.blogspot.com
The consumer decides to make full and regular use of the innovation
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7. ________ is an individual’s decision to become a regular user of the product
A. BuyingB. InterestC. ChoosingD. TrialE. Adoption
127http://louiemarkquizon.blogspot.com
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Ch21: Tapping into Global Markets
Sandel, Lee Aizabel L. /Soleil Gan
April 14, 2011
www.leeaizabelsandel.blogspot.com
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129www.leeaizabelsandel.blogspot.com
4. _________ consist of creating something new, where products are made specifically for a certain foreign market.
A. Product DiscoveryB. Product InventionC. Product ImprovementD. Product AdaptationE. None of the above
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130www.leeaizabelsandel.blogspot.com
4. _________ consist of creating something new, where products are made specifically for a certain foreign market.
A. Product DiscoveryB. Product InventionC. Product ImprovementD. Product AdaptationE. Product Innovation
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Product
International Product and Communication Strategies
131www.leeaizabelsandel.blogspot.com
Develop New Product
AdaptProduct
Do Not ChangeProduct
Dualadaptation
Productadaptation
Productinvention
Do Not ChangeCommunication
Adapt Communication
Straightextension
CommunicationadaptationC
om
mu
nic
ati
on
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Product Invention
132www.leeaizabelsandel.blogspot.com
PRODUCT INVENTION- is a costly strategy, but the payoffs can be great, particularly if a company can parlay a product innovation into other countries. Sometimes the innovation even works at home.
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133www.leeaizabelsandel.blogspot.com
4. _________ consist of creating something new, where products are made specifically for a certain foreign market.
A. Product DiscoveryB. Product InventionC. Product ImprovementD. Product AdaptationE. Product Innovation
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Chapter 22: Managing A Holistic Marketing
Organization For The Long Run
Mira Lynn Serrano / Soleil Gan
April 14, 2011
miralynnserrano.blogspot.com
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10. Characteristics of Marketing Audits are, except
A. ComprehensiveB. SystematicC. IndependentD. InnovativeE. Periodic
135miralynnserrano.blogspot.com
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10. Marketing Audit has the following characteristics except:
A. ComprehensiveB. SystematicC. IndependentD. AccurateE. Periodic
136miralynnserrano.blogspot.com
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137miralynnserrano.blogspot.com
Marketing AUDIT as a strategic Control
has FOUR Characteristics
Comprehensive
Systematic
Independent
Periodic
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138miralynnserrano.blogspot.com
Marketing Audits should cover all major marketing activities
Comprehensive
Systematic
Independent
Periodic
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139miralynnserrano.blogspot.com
Marketing Audits should be in an Orderly Examination
Comprehensive
Systematic
Independent
Periodic
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140miralynnserrano.blogspot.com
Best Audits are from Outside consultants
Comprehensive
Systematic
Independent
Periodic
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141miralynnserrano.blogspot.com
Marketing Audits should form part of company’s processes and routines
Comprehensive
Systematic
Independent
Periodic
![Page 142: Top 20 Questions](https://reader033.vdocuments.net/reader033/viewer/2022061114/5461cf16af7959ba618b49ab/html5/thumbnails/142.jpg)
10. Marketing Audit has the following characteristics except:
A. ComprehensiveB. SystematicC. IndependentD. AccurateE. Periodic
142miralynnserrano.blogspot.com
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Improved Learning Questions for
Kotler’s 22 Chapters
Soleil GanApril 2011
http://taeyangxinyi.blogspot.com