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Test Bank For Marketing Management 16th Edition By Philip Kotler, Kevin Lane Keller, Alexander Chernev (All Chapters, 100% Original Verified, A+ Grade) $15.49   Add to cart
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Test Bank For Marketing Management 16th Edition By Philip Kotler, Kevin Lane Keller, Alexander Chernev (All Chapters, 100% Original Verified, A+ Grade)

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Test Bank For Marketing Management 16th Edition By Philip Kotler, Kevin Lane Keller, Alexander Chernev (All Chapters, 100% Original Verified, A+ Grade) Test Bank For Marketing Management 16e By Philip Kotler, Kevin Lane Keller, Alexander Chernev (All Chapters, 100% Original Verified, A+ Grade)

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  • February 19, 2024
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1 Copyright © 2022 Pearson Education, Inc. Marketing Management, 16e (Kotler) Chapter 1 Defining Marketing for the New Realities 1) Which of these is an accurate characterization of the contemporary view of marketing?
A) Marketing is synonymous with selling.
B) With the rise of social commerce, company -driven marketing is no longer important.
C) Marketing's emphasis within the firm continues to decline.
D) To improve efficiency, most firms now restrict marketing activities within the "official"
boundaries of the marketing depa rtment.
E) Marketing is about identifying and meeting human and social needs in a way that harmonizes
with the goals of the organization.
Answer: E
Diff: 3
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking
2) With regard to the selling function, what did Peter Drucker have to say about the aim of
marketing?
A) Selling should replace marketing.
B) Selling should have equal importance in the corporate hierarchy.
C) It should make selling superfluous.
D) The sales function should set strategy, while the marketing function owns tactics.
E) Selling and marketing are synonymous.
Answer: C
Diff: 2
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking
3) Which of these was identified as key reason why Nintendo had a hit wit h the Wii and Apple
with the iPad?
A) Both companies designed the right product based on thoughtful research.
B) Both products were flukes that happened to hit the market at the right time.
C) Neither product led its category, but both were sold aggressive ly.
D) Both products underpriced their competition.
E) American consumers have enough disposable income to afford luxury gadgets.
Answer: A
Diff: 2
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinkingMarketing Management 16e Philip Kotler, Kevin Lane Keller, Alexander Chernev (Test Bank All Chapters, 100% Original Verified, A+ Grade) 2 Copyright © 2022 Pearson Education, Inc. 4) Which of these entities represent the bulk of most countries' marketing efforts? A) Experiences B) Services C) Goods D) Events E) Places Answer: C Diff: 1 LO: 1.1: Define the scope of marketing. AACSB: Reflective thinking 5) Raw materials, labor, and sources of funding represent which kind of market? A) Basic B) Primary C) Secondary D) Resource E) Business to business Answer: D Diff: 2 LO: 1.1: Define the scope of marketing. AACSB: Reflective thinking 6) A public service announcement (PSA) encouraging people to wear masks during a pandemic outbreak represents what kind of marketed entity? A) Ideas B) Services C) Experiences D) Information E) Social good Answer: A Diff: 3 LO: 1.1: Define the scope of marketing. AACSB: Reflective thinking 7) Which of these is NOT on e of the five basic markets? A) Resource markets B) Manufacturer markets C) Educational markets D) Consumer markets E) Government markets Answer: C Diff: 2 LO: 1.1: Define the scope of marketing. AACSB: Reflective thinking 3 Copyright © 2022 Pearson Education, Inc. 8) How does successful marketing create jobs? A) By raising the standard of living B) By encouraging conspicuous consumption C) By increasing brand equity D) By promoting capitalism E) By building demand for products and services Answer: E Diff: 3 LO: 1.1: Define th e scope of marketing. AACSB: Reflective thinking 9) In the four flows in a modern exchange economy, what do sellers receive from buyers in addition to money? A) Legal rights B) Legal releases C) Intangible resources D) Information E) Confirmation Answer: D Diff: 2 LO: 1.1: Define the scope of marketing. AACSB: Reflective thinking 10) The decline of companies such as MySpace and Blockbuster can be attributed at least in part to which of these marketing mistakes? A) Failing to continually improve value offerings and marketing strategies B) Failing to articulate a clear customer message C) Overpricing in a declining economy D) Confusing markets with unclear corporate branding E) Failing to use marketing intermediaries effectively Answer: A Diff: 2 LO: 1.1: Define the scope of marketing. AACSB: Reflective thinking 11) Which of these reasons was identified as a success factor for the British firm RB (formerly Reckitt Benckiser)? A) Strong sales teams B) Emotional advertising C) Digging deeply into consumer habits D) Government subsidies E) Undercutting competitors on prices Answer: C Diff: 2 LO: 1.1: Define the scope of marketing. AACSB: Reflective thinking 4 Copyright © 2022 Pearson Education, Inc. 12) Which of these is a reason senior management should encourage fresh ideas from under represented groups of employees? A) To challenge company orthodoxy B) To lower costs by engaging lower -paid worker in research C) To avoid charges of discrimination D) To copy what benchmark competitors are doing E) To promote employee morale Answer: A Diff: 1 LO: 1.1: Define the scope of marketing. AACSB: Reflective thinking 13) Which of the following statements about marketing is true? A) It is of little importance when products are standardized. B) It can help create jobs in the economy by increasing demand for goods and services. C) It helps to build a loyal customer base but has no impact on a firm's intangible assets. D) It is more important for bigger organizations than smaller ones. E) It is seldom used by nonprofit organizations. Answer: B Diff: 1 LO: 1.1: Define the scope of marketing. AACSB: Reflective thinking 14) ________ management is the art and science of choosing target markets and getting, keeping, and growing customers through creating, delivering, and communicating su perior customer value. A) Marketing B) Knowledge C) Operations D) Strategic E) Distribution Answer: A Diff: 1 LO: 1.1: Define the scope of marketing. AACSB: Reflective thinking

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