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Title: MKT 571 Week 1 Quiz UOP Course Tutorial


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MKT 571 Week 1 Quiz UOP Course Tutorial
  • BY www.TransWebETutors.com

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  • 1
  • What data analysis type is being used
    here? When Sam thought about opening a foreign
    car repair shop in Phoenix, he researched all of
    the firms in the area before deciding on a
    location. He also analyzed their capabilities and
    found articles about many of them in terms of
    their capabilities, strengths, and weaknesses.
  • Secondary data
  • Primary data
  • Licensed information
  • Tertiary information
  •  
  • 2
  • Marketing is considered both an art and a
    science. How do the 4Ps, or marketing mix, help
    us bridge the gap between art and science?
  • Marketing focuses on sales as the primary goal.
  • Marketing balances the need for data with that of
    creativity.
  • Marketing is about advertising.
  • Marketing is involved with price as the major
    factor.
  •  
  • Find the quiz answers here MKT 571 Week 1 Quiz

3
  • 3
  • Which of the following statements
    demonstrates behavioral loyalty towards a brand?
  • My friends agree Myfavorite Laundry detergent is
    the best.
  • Myfavorite Laundry detergent is so easy to use.
  • Myfavorite Laundry detergent smells good.
  • I always buy Myfavorite Laundry detergent when
    purchasing laundry detergent.
  •  
  • 4
  • By 2015, projections indicate that the
    largest category of households will be composed
    of
  • childless married couples and empty nesters
  • single-parent families
  • married couples with children
  • singles living with nonrelatives
  •  

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  • 5
  • One of the most critical steps in the defining
    process of market research is
  • reading marketing research journals
  • defining the problem, the decision alternatives,
    and research objectives
  • analyzing the internal environment
  • developing a research plan
  •  
  • 6
  • Which of the following is correct about marketing
    management?
  • It is primarily concerned with the systematic
    gathering, recording, and analysis of data about
    issues related to marketing products and
    services.
  • It focuses mostly on monitoring the
    profitability of a company's products and
    services.
  • It is defined as the field that deals with
    planning and managing a business at the highest
    level of corporate organization.
  • It occurs when at least one party to a potential
    exchange thinks about the means of achieving
    desired responses from other parties.
  •  
  • Complete paper here MKT 571 WEEK 2
    Quiz

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  •  7
  • In the U.S., consumer expenditures on homes and
    other large purchases tend to slow down during a
    recession because
  • of stringent credit policies adopted by the Fed
    before the onset of recession
  • the consumers have a high debt-to-income ratio
  • of steady supply of loanable funds in the economy
    during recession
  • consumer borrowing increases during recession
  •  
  • 8
  • Which of the following elements of sociocultural
    environment can be associated with the growing
    demand for social surrogates like social
    networking sites, television, and so on?
  • Views of ourselves
  • Views of nature
  • Views of others
  • Views of organizations
  •  
  • Download for answers MKT 571 WEEK 3 Quiz

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  • 9
  • Wabash Bank would like to understand if
    there is a relationship between the advertising
    or promotion it does and the number of new
    customers the bank gets each quarter. What type
    of research is this an example of?
  • Causal
  • Exploratory
  • Secondary
  • Qualitative
  •  
  • 10
  • Which strategy does this exemplify? Kayak
    and Orbitz provide their customers with a variety
    of travel options including flight reservations,
    vacation packages, flight and hotel options with
    or without car rentals, and cruise offerings.
  • Focus
  • Diversification
  • Differentiation
  • Promotional

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  • 11
  • Which of the following industries is most
    likely to use database marketing?
  • A supermarket chain
  • A local restaurant
  • A physicians office
  • A school system
  •  
  • Want more details? Download now MKT 571
    Week 4 Quiz
  • 12
  • Which market do customers who have
    purchased and are driving Audi automobiles
    represent?
  • Potential market
  • Available market
  • Target market
  • Penetrated market

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  • 13
  • When Apple introduced iTunes, a new market
    was opened. Which of the following describes this
    type of innovation?
  • Presence
  • Operational excellence
  • Value chain
  • Value capture
  • 14
  • The Soccer World Cup is promoted
    aggressively to both companies and fans. This is
    an example of marketing a(n)
  • service
  • event
  • place
  • Idea
  • Final Exam Answers just a click away MKT 571
    Week 5 Quiz

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  • 15
  • How does the market demand curve change
    (as a function of marketing expenditure) during
    recession?
  • Shifts upward
  • Becomes vertical
  • Remains unaffected
  • Shifts downward
  •  
  • 16
  • A company's sales potential would be equal
    to market potential when which situations exists?
  • The marketing expenditure of the company is
    reduced to zero.
  • The company gets 100 percent share of the market.
  • Industry marketing expenditures approach infinity
    for a given marketing environment.
  • The market is nonexpandable.
  •  
  •  

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  • 17
  • During the holidays, companies often
    provide gifts to customers. The more a client
    spends, the larger the gift, usually. To segment
    customers in this way, for what purpose is this
    data being mined?
  • To deepen customer loyalty
  • To beat the competition to a sale
  • To avoid serious customer mistakes
  • To decide which customers should receive a new
    sales offer
  •  
  • 18
  • Costco is able to keep its inventory
    expenditure relatively low through its management
    technology and cutting-edge point-of-sale
    inventory management technology. As a result,
    Costco is able to pass these savings on to
    consumers in the form of low prices. This
    strategy is best described as
  • market development
  • integrative growth
  • overall cost leadership
  • differentiation
  •  

11
  • About Author
  •  
  • This article covers the topic for the University
    Of Phoenix .
  • MKT 571 Week 1 Quiz The author is working in the
    field of education from last 5 years. This
    article covers the basic of  from UOP.MKT 571
    Complete Assignment Other topics in the class are
    as follows
  •  
  •  
  • MKT 571 Week 1 Quiz
  •  
  • MKT 571 Week 2 Quiz
  • MKT 571 Week 3 Quiz
  •  
  • MKT 571 Week 4 Quiz
  •  
  •  
  •  

12
  • MKT 571 Week 5 Quiz
  •  
  • MKT 571 Week 6 Quiz
  •  
  • MKT 571 Week 6 Final Exam
  •  
  •  
  •  
  •  
  •  
  •  
  • Want to check other classes..?? Visit
    www.transwebetutors.com
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