Filters
Question type

Study Flashcards

Imagine you have the sole marketing rights to a new herbal shampoo that stops hair loss and actually causes new hair growth. You plan to sell your product on an Internet website, which you will advertise on late night television. You are also hoping to obtain free publicity to place stories in men's fashion magazines. You are planning to sell online a 15-ounce bottle for $24.99 plus $7.99 shipping and handling. Using the information provided, identify each element of your marketing mix.

Correct Answer

verifed

verified

The shampoo is the product element. The ...

View Answer

Which of the following statements about marketing activities is most accurate?


A) Marketing is affected by society but rarely, if ever, affects society as a whole.
B) The marketing department works closely with other departments and employees to implement an organization's marketing activities.
C) Marketing activities are the sole responsibility of the marketing department; other departments are involved only if there is an emergency (such as a product recall) .
D) Environmental forces do not affect marketing activities as long as a firm closely monitors its environment through rigorous market research.
E) Marketing is essentially developing the right product and convincing potential customers that they "need" it, not just "want" it.

F) A) and B)
G) A) and C)

Correct Answer

verifed

verified

A need refers to


A) a sense of personal inadequacy based upon observations by others around you.
B) a sense of urgency, which causes a person to take action.
C) a feeling that is shaped by a person's knowledge, culture, or personality.
D) a feeling of being deprived of something, but not fully understanding what it may be.
E) a situation when a person feels deprived of basic necessities such as food, clothing, and shelter.

F) A) and C)
G) B) and D)

Correct Answer

verifed

verified

Explain the difference between a market and a target market. Provide a specific example of each.

Correct Answer

verifed

verified

Potential consumers make up a market, wh...

View Answer

Showing 241 - 244 of 244

Related Exams

Show Answer