91 Free Test Bank for Marketing Management Knowledge and Skills 10th Edition by Peter
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Which type of marketing would involve strategies to elect a political candidate?
Over three-quarters of the 100 largest U.S. corporations of 70 years ago have fallen from the list because
Organizations expand into new products, new markets and even new industries. In this process, the organization’s original purpose may become irrelevant. In these circumstances the organization can be best described as a
The guidelines for executing a marketing philosophy includes all of the following EXCEPT
_____ includes all the activities that lead to the development of a clear organizational mission, organizational objectives, and appropriate strategies to achieve those objectives.
Fifteen years ago Frank and Emily Frazer started the Vidalia Onion Store for the purpose of sharing the taste of sweet Vidalia onions with the world. In recent years, the couple has added other Georgia products, such as peanuts, peaches and pecans to its inventory, without changing the business’s name or its mission. The store can now be described as a
All of the following are key elements that the management must take into account while developing a statement of mission, EXCEPT
Which of the following statements about a mission statement is true?
The true mission of a company is to provide value for three key constituencies, namely
The core things that an organization does well are known as its
When the mission statement of an organization is focused on markets rather than products, it means that the mission statement
The Steakhouse is a restaurant selling steaks. Its mission statement was to provide its customers with the world’s best steaks. Changes in consumer tastes resulted in fewer customers for the steakhouse. The company had to venture into new and different markets to maintain profitability. These new conditions and a redundant mission statement would make the steakhouse a(n)
Candela Company’s goal is to sell 500 theatre lighting systems every year. What can one conclude from this objective?
Ecolon is a major manufacturer of wind turbines and related equipment, and is also a leader in turbine installations and maintenance. In large organizations such as this, the marketing plans of individual departments are usually guided by
Focusing on building long-term _____ where the initial sale is viewed as the beginning step and not as the end goal, is the crux of the marketing concept.
The mission statement, or purpose, of an organization is the description of its reason for
Which of the following is NOT a basic question an organization must answer when examining and restating its mission?
Identify the type of marketing which is designed to attract donors, members, participants or volunteers.
Zest sports, manufactures sports goods. They introduce a new product targeted at children between ages 7 and 10. The marketing team envisions an entirely new marketing strategy for its sport goods. This is an example of which type of marketing?
Midas Corporation is a sporting goods manufacturer. Most of its energies and resources are devoted to one line of sporting shoes that has been a reasonable hit in the past. The company is exhibiting
Which of the following observations is true?
The purpose of the marketing concept is to rivet the attention of marketing managers on serving broad classes of
Effective marketing requires that _____ come first in organizational decision making.
Marketing managers can satisfy customers more efficiently in the present than anticipate changes in customer needs in the future. Which of the following best explains this statement?
The organization’s _____ dictates the opportunities, constraints and threats that must be identified before a mission statement is developed.
_____, if performed successfully, plays a key role in achieving an equilibrium between the short and the long term by balancing acceptable financial performance with preparation for inevitable changes in markets, technology, and competition, as well as in economic and political arenas.
Riviera is a relatively new company that mines and crushes slate for use as mulch in gardens. The managers of the company reviewed its short history, took into account the organization’s environment, and identified its distinctive competencies. What are the managers at Riviera trying to accomplish?
The organization's environment provides the resources that sustain the organization. In exchange for these resources, the organization must supply the environment with
An organization seeking to make a profit by serving the needs of customer groups is focusing on
The mission statement of a company should have a(n)
The organization’s mission, objectives, strategies, and its portfolio plan are the four major components of its
The customer will be more satisfied and the firm will be more profitable when