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Exam (elaborations)

Marketing 443 Exam 1 Questions and Answers

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Search - Answer-Products or services have attributes customers can readily evaluate before they purchase (looking for shampoo on Amazon) Experience - Answer-Products or services can be evaluated only after purchase (dinner in a new restaurant, concert, movie, or new hairstyle) Credence - Answ...

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  • October 19, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Mgmt
  • Mgmt
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lectknancy
Marketing 443 Exam 1 Questions and
Answers
Search - Answer-Products or services have attributes customers can readily evaluate
before they purchase (looking for shampoo on Amazon)

Experience - Answer-Products or services can be evaluated only after purchase (dinner
in a new restaurant, concert, movie, or new hairstyle)

Credence - Answer-Products or services have attributes buyers cannot confidently
evaluate, even after one or more purchases (surgery)

Experience qualities - Answer-Where is there overlap for most goods and services for
qualities of goods and services?

Beginning - Answer-When does marketing begin in the selling process?

Data, information, insights, decisions, implementation, back to marketing environment -
Answer-Marketing Environment

False - Answer-Majority of Data in the world is structurally organized

Yottabyte - Answer-1000 zettabytes

2.7 zettabytes - Answer-How much data is in the world?

True - Answer-Volume is the key attribute to Big Data

100 million transactions - Answer-How many transactions occur on Amazon per
second?

Egg - Answer-Most liked photo on instagram

53.1 million likes - Answer-How many likes does the egg have?

(Value(s) - Price(s)) > (Value(A) - Price(A)) - Answer-Value function

4.8 billion - Answer-How many people are using a smartphone in the world?

73% - Answer-How many people always have their phones with them?

Structured Data - Answer-Standardized data that are organized according to predefined
schema (database)

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