Quiz 1

After determining that many of their customers had concerns about their health, local restaurant chain Blind Onion began offering healthier, Smart Meal pizzas options. The creation of these new products was the result of a(n) _____.
Good strategic planning.
competitive advantage.
Opportunistic behavior.
Market opportunity.
Well-defined mission statement.
Many companies in the computer industry offer technical support to customers who have purchased their products. This is an example of the _____ element of the value triad.
Price
Customer service
Product
Quality
Service
When IBM began mass producing personal computers, they only offered one model (the IBM 5150) in one color (white) to all customers, and demand was strong. IBM most likely practiced what type of orientation when they first started?
Sales orientation.
Product orientation
Marketing orientation.
Efficiency orientation
Customer orientation.
When examining the microenvironment of a market we are considering entering, we are primarily concerned with which of the following two main factors of a market?
Technological advancements; Competition in the market
Demographics of the market; Buyers in the market
Barriers to Entry; Technological advancements
Competition in the market; Intensity of rivalry among competitors
Buyers in the Market; Competition in the Market
According to your book, what are the four pillars of the holistic marketing concept?
Integrated marketing; Services marketing; Global marketing; Production marketing
Relationship marketing; Integrated marketing; Internal marketing; Performance marketing
Production marketing; Sales marketing; Relationship marketing; Internal marketing
Global marketing; Integrated marketing; Performance marketing; Value-driven marketing
Sales marketing; Services marketing; Production marketing; Relationship marketing
According to your book, companies often coordinate department activities to conduct core business process. Which of the following is not one of the core business processes mentioned?
Market-sensing process
Customer acquisition process
Customer relationship management process
Organizational development process
Fulfillment management process
Porter lists 6 industry forces we must account for when considering market attractiveness and competitors in the microenvironment. Which of the following is not one of these forces?
Market technological advances
Market technological advances
Barriers to entry
Threat of substitute products
Rivalry among existing competitors
According to your book, the main focus of a competitive analysis should be on the other brands that your company competes with in trying to gain share of market. This is known as a(n) _____.
Competitive frame of reference
Brand position
Market selection
Category membership
Value proposition
Generally speaking, where in the Market Life Cycle would we expect to find the greatest concentration of competition?
Late Growth
Early Growth
Maturity
Late Decline
Introduction
According to your book, integrative growth by a company is accomplished by acquiring other businesses. Acquiring a supplier is known as _____, while acquiring a distributor is known as
Backward integration; forward integration
Forward integration; vertical integration
forward integration; horizontal integration
Backward integration; horizontal integration
Vertical integration; horizontal integration
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