Marketing 3340 exam 1 Study guides, Class notes & Summaries

relationship marketing - ANSWER links organization to customer, employee, supplier, other partners for mutual long term benefit before and after sale customer value - ANSWER best price, product, service product - ANSWER good, service, idea bundle intangible and tangible satisfy customers and is received in exchange for something of value utlity - ANSWER the benefits or customer value received by users of product type of utility - ANSWER form, place, time, pocession core values - A...

relationship marketing - ANSWER links organization to customer, employee, supplier, other partners for mutual long term benefit before and after sale customer value - ANSWER best price, product, service product - ANSWER good, service, idea bundle intangible and tangible satisfy customers and is received in exchange for something of value utlity - ANSWER the benefits or customer value received by users of product type of utility - ANSWER form, place, time, pocession core values - A...

Marketing 3340 Exam 1 (Summer) Questions With Complete Solutions The marketing Mix ANS-4 controllable factors Price Product Promotion Place Target Market ANS-one or more specific groups of potential customers toward which an organization directs its marketing program Market Segments ANS-Homogenous group of buyers that: 1) have common needs 2) respond similarly to marketing action Customer Value ANS-the unique combination of benefits received by target buyers Quality, Conveni...

MKTG 3340 EXAM 1 QUESTIONS AND ANSWERS 100% CORRECTMKTG 3340 EXAM 1 QUESTIONS AND ANSWERS 100% CORRECTMKTG 3340 EXAM 1 QUESTIONS AND ANSWERS 100% CORRECTMKTG 3340 EXAM 1 QUESTIONS AND ANSWERS 100% CORRECTElements necessary in order for marketing to occur - ANSWER--2+ parties w/ unsatisfied needs (in order to have a marketing exchange) -DESIRE & ABILITY to satisfy those needs ("whats your budget?" - A way for the parties to COMMUNICATE - Something to exchange (that both parties agree is valu...

marketing 3340 exam 1 questions with correct answers

MKTG 3340 EXAM 1 QUESTIONS AND ANSWERS (GRADED A)MKTG 3340 EXAM 1 QUESTIONS AND ANSWERS (GRADED A)MKTG 3340 EXAM 1 QUESTIONS AND ANSWERS (GRADED A)MKTG 3340 EXAM 1 QUESTIONS AND ANSWERS (GRADED A) what is marketing? - ANSWER-the management process involved in identifying, anticipating, and satisfying customer wants profitably what are the 2 goals of marketing? - ANSWER-1. discover (assess) the needs and wants of prospective customers 2. satisfy these needs & wants through EXCHANGE (each are...

MKTG 3340MKTG 3340 EXAM 1 QUESTIONS AND ANSWERS 100% ACCURATEMKTG 3340 EXAM 1 QUESTIONS AND ANSWERS 100% ACCURATEMKTG 3340 EXAM 1 QUESTIONS AND ANSWERS 100% ACCURATE EXAM 1 QUESTIONS AND ANSWERS 100% ACCURATERole of Marketing - ANSWER-marketing is engaging customers and managing profitable customer relationships. the aim of marketing is to create value for customers in order to capture value from customers in return goal: attract new customers by promising superior value and to keep and grow ...

MKTG 3340 Exam 1 (1,2,3,5,8) with Complete Solutions MKTG 3340 Exam 1 (1,2,3,5,8) with Complete Solutions MKTG 3340 Exam 1 (1,2,3,5,8) with Complete SolutionsMarketing - ANSWER-Delivery of customer satisfaction at a profit Goals of marketing - ANSWER-Attract new customers with value and keep current customers with satisfaction Requirements for Marketing - ANSWER-Two or more parties with unsatisfied needs Desire and ability to satisfy needs A way to communicate Something to exchang...

MKTG 3340 Midterm 1 Exam Questions and Answers 100% CorrectMKTG 3340 Midterm 1 Exam Questions and Answers 100% CorrectMKTG 3340 Midterm 1 Exam Questions and Answers 100% CorrectMKTG 3340 Midterm 1 Exam Questions and Answers 100% CorrectThe Customer is... - ANSWER-everyone's responsibility. Goals of Marketing - ANSWER-(1) Discover (assess) the needs and wants of prospective customers. (2) Satisfy these needs and wants through EXCHANGES Requirements for Marketing to Occur - ANSWER--Two +...

MKTG 3340 Exam 2 Questions and Answers 100% Correct MKTG 3340 Exam 2 Questions and Answers 100% Correct MKTG 3340 Exam 2 Questions and Answers 100% Correct MKTG 3340 Exam 2 Questions and Answers 100% Correct Market Segmentation - ANSWER-aggregate consumers into groups (segments) that have similar needs and will react similarly to a marketing action Segmentation Strategies - ANSWER-- 1 product w/ multiple target segments (Johnson shampoo for dogs or babies, tums for calcium or antacid) - mu...