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MKT 320F Final Exam Practice Questions and Answers | 100% Pass

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  • Course
  • MKT 320
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  • MKT 320

MKT 320F Final Exam Practice Questions and Answers | 100% Pass Which marketing management philosophy focuses on the question, "What do customers want and need?" A. Sales B. Market C. Product D. Internal E. Production - Answer️️ -B A company that wants to implement a market orientation ...

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  • September 15, 2024
  • 24
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MKT 320
  • MKT 320
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©SOPHIABENNETT 9/11/24 [Course title]

, ©SOPHIABENNETT 2024/2025 ACADEMIC YEAR 7:59 PM



MKT 320F Final Exam Practice
Questions and Answers | 100% Pass


Which marketing management philosophy focuses on the question, "What do customers

want and need?"

A. Sales

B. Market

C. Product

D. Internal

E. Production - Answer✔️✔️-B

A company that wants to implement a market orientation would need to:

A. do research on its customers, competitors, and markets.

B. do all of the activities listed.

C. establish and maintain mutually satisfying relationships with customers.

D. determine how to deliver superior customer value.

E. implement actions that provide value to customers. - Answer✔️✔️-B

_____ is defined as the relationship between benefits and the sacrifice necessary to

obtain those benefits.

A Satisfaction percentage

B Marketing utility

C Market quality

D Customer value

Page | 1

, ©SOPHIABENNETT 2024/2025 ACADEMIC YEAR 7:59 PM


E Opportunity cost - Answer✔️✔️-D

_____ is a strategy that focuses on keeping and improving relationships with current

customers.

A Organization-customer synergy

B Market engineering

C Relationship marketing

D Transactional marketing

E Commitment selling - Answer✔️✔️-C

A business is concerned with many day-to-day activities. Some of the most important of

these activities are the planning and development of a product, its ability to

communicate value, its pricing policy, and the distribution strategy. These activities are

all a part of:

A human resources.

B a control system.

C accounting.

D marketing.

E production. - Answer✔️✔️-D

Earl is starting a new bank. Before the opening day, Earl had a meeting with all

employees. He discussed their mission, defined objectives for the bank for the coming

years, and shared who their target market is. He talked about their product offerings and

where their future branches would be located. Earl is sharing the bank's:

A hierarchical restructuring.

B reengineering.


Page | 2

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