MKT 571 Week 6 Quiz NEW - 100% Correct Flashcards

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MKT 571 Week 6 Quiz NEW

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1. ) Which of the following refers to the ability to meet humanity’s needs without harming future generations?

Sustainability

Greenwashing

Ecological footprinting

Scalability

2.) ______ is an obligation to act in a way expected of a reasonable person.

Reliance

Liability

Litigation

Duty

3.) Your firm has decided to enter the international market with your product called Trema, a combination of a pocket organizer and cell phone. Even though the product has been a huge success in the home country, market research suggests some changes may be required before it can be introduced in Europe. Your CMO is of the opinion that the product requires certain extra features and the product will also have to be marketed differently. Your CMO is advocating

dual adaptation

straight extension

forward adaptation

product standardization

4.) Cadbury’s “Sports for Schools” promotion offered sports and fitness equipment for schools in exchange for vouchers. The problem was that the public and media saw a perverse incentive for children to eat more chocolate, a product associated with obesity. Which of the following best summarizes Cadbury’s problem?

Consumers did not value the cause Cadbury was promoting.

Customers felt that the cause was not in sync with the company’s brand image.

Consumers resented being sold an inferior product on the back of a cause-marketing program.

Customers questioned the link between the product and the cause and saw the firm as self-serving and exploitive.

5.) A Gucci bag sells for $120 in Italy and $240 in the United States due to the differences in the costs of distributing the product in the two countries. This phenomenon is called a(n)

opportunity cost problem

market pricing problem

tactical pricing problem

price escalation problem

6.) Marketing effectiveness rating instruments and marketing audits are approaches to

annual-plan control

profitability control

efficiency control

strategic control

7.) A ________ is a comprehensive, systematic, independent, and periodic examination of a company’s or business unit’s marketing environment, objectives, strategies, and activities, with a view to determining problem areas and opportunities and recommending a plan of action to improve the company’s marketing performance.

marketing plan

market-based scorecard analysis

marketing audit

marketing metric

A

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