1 Test Bank For Marketing 5th Canadian Edition By Dhruv Grewal, Michael Levy, Shirley Lichti Chapter 1 -17 Answers are at the End of Each Chapter Chapter 1 Student name:__________ 1) Which one of the followings is NOT true about the core aspects of marketi ng?
1) ______ A) Marketing can help create value B) Marketing always entails an exchange C) Marketing is always performed only by an organization D) Marketing is about satisfying customer needs and wants E) Marketing requires product, price, place, and promotion decisions Question Details Accessibility : Keyboard Navigation Learning Objective : 01 -01 Define the role of marketing and explain its core concepts. Topic : 01 -01 What is Marketing? Bloom's : Understand Difficulty : Medium 2) When c onsidering basics such as food, clothing, shelter, or safety are referred to as:
2) ______ A) demands. B) wants. C) exchanges. D) desires. E) needs. 2 Question Details Accessibility : Keyboard Navigation Learning Objective : 01 -01 Define the role of marketing and explain its core concepts. Topic : 01 -02 Marketing Is About Satisfying Customer Needs and Wants Bloom's : Remember Difficulty : Easy 3) The particular way in which a person chooses to satisfy the requirement for any of the basic neces sities of life is a(n):
3) ______ A) demand. B) want. C) exchange. D) necessity. E) need. Question Details Accessibility : Keyboard Navigation Learning Objective : 01 -01 Define the role of marketing and explain its core concepts. Topic : 01 -02 M arketing Is About Satisfying Customer Needs and Wants Bloom's : Remember Difficulty : Easy 4) A non -governmental organization provides food and shelter to homeless people. Food and shelter are included in the definition of:
4) ______ A) demand. B) want. C) exchange. D) necessity. E) need. 3 Question Details Accessibility : Keyboard Navigation Learning Objective : 01 -01 Define the role of marketing and explain its core concepts. Bloom's : Understand Difficulty : Medium Topic : 01 -02 Marketing I s About Satisfying Customer Needs and Wants 5) In the context of understanding consumer needs and wants, which of the following is true of wants?
5) ______ A) They are the basic necessities, such as food, clothing, shelter, and safety. B) They ar e similar for all individuals. C) They do not vary across cultures. D) They do not influence people's buying behaviour. E) They are shaped by a person's knowledge, culture, and personality. Question Details Accessibility : Keyboard Navigation Learnin g Objective : 01 -01 Define the role of marketing and explain its core concepts. Bloom's : Understand Difficulty : Medium Topic : 01 -02 Marketing Is About Satisfying Customer Needs and Wants 6) Human beings require clothes to cover their bodies. Some o f them may wear designer clothes, while others may pick up clothes from the flea market. This example illustrates different ways to satisfy a basic requirement of life and describes the concept of a(n):
6) ______ 4 A) demand. B) want. C) exchange. D) necessity. E) need. Question Details Accessibility : Keyboard Navigation Learning Objective : 01 -01 Define the role of marketing and explain its core concepts. Bloom's : Understand Difficulty : Medium Topic : 01 -02 Marketing Is About Satisfying Custome r Needs and Wants 7) The customer segment or group to whom a firm is interested in selling its products and services is the:
7) ______ A) commodity market. B) stock market. C) target market. D) currency market. E) artificial market. Questio n Details Accessibility : Keyboard Navigation Learning Objective : 01 -01 Define the role of marketing and explain its core concepts. Topic : 01 -02 Marketing Is About Satisfying Customer Needs and Wants Bloom's : Remember Difficulty : Easy
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