Marketing Management, 16e (Kotler)
Chapter 1 Defining Marketing for the New Realities
1) Which of these is an accurate characterization of the contemporary view of marketing?
A) Marketing is synonymous with selling.
B) With the rise of social commerce, company-driven marketing is no longer important.
C) Marketing's emphasis within the firm continues to decline.
D) To improve efficiency, most firms now restrict marketing activities within the "official" boundaries of the marketing department.
E) Marketing is about identifying and meeting human and social needs in a way that harmonizes with the goals of the organization.
Answer: E
Diff: 3
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking
2) With regard to the selling function, what did Peter Drucker have to say about the aim of marketing?
A) Selling should replace marketing.
B) Selling should have equal importance in the corporate hierarchy.
C) It should make selling superfluous.
D) The sales function should set strategy, while the marketing function owns tactics.
E) Selling and marketing are synonymous.
Answer: C
Diff: 2
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking
3) Which of these was identified as key reason why Nintendo had a hit with the Wii and Apple with the iPad?
A) Both companies designed the right product based on thoughtful research.
B) Both products were flukes that happened to hit the market at the right time.
C) Neither product led its category, but both were sold aggressively.
D) Both products underpriced their competition.
E) American consumers have enough disposable income to afford luxury gadgets.
Answer: A
Diff: 2
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking
Full download link: https://gethighmark.com/test-bank-for-marketing-management-16-global-edition-by-philip-kotler.shtml
4) Which of these entities represent the bulk of most countries' marketing efforts?
A) Experiences
B) Services
C) Goods
D) Events
E) Places
Answer: C
Diff: 1
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking
5) Raw materials, labor, and sources of funding represent which kind of market?
A) Basic
B) Primary
C) Secondary
D) Resource
E) Business to business
Answer: D
Diff: 2
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking
6) A public service announcement (PSA) encouraging people to wear masks during a pandemic outbreak represents what kind of marketed entity?
A) Ideas
B) Services
C) Experiences
D) Information
E) Social good
Answer: A
Diff: 3
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking
7) Which of these is NOT one of the five basic markets?
A) Resource markets
B) Manufacturer markets
C) Educational markets
D) Consumer markets
E) Government markets
Answer: C
Diff: 2
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking
8) How does successful marketing create jobs?
A) By raising the standard of living
B) By encouraging conspicuous consumption
C) By increasing brand equity
D) By promoting capitalism
E) By building demand for products and services
Answer: E
Diff: 3
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking
9) In the four flows in a modern exchange economy, what do sellers receive from buyers in addition to money?
A) Legal rights
B) Legal releases
C) Intangible resources
D) Information
E) Confirmation
Answer: D
Diff: 2
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking
10) The decline of companies such as MySpace and Blockbuster can be attributed at least in part to which of these marketing mistakes?
A) Failing to continually improve value offerings and marketing strategies
B) Failing to articulate a clear customer message
C) Overpricing in a declining economy
D) Confusing markets with unclear corporate branding
E) Failing to use marketing intermediaries effectively
Answer: A
Diff: 2
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking
11) Which of these reasons was identified as a success factor for the British firm RB (formerly Reckitt Benckiser)?
Chapter 1 Defining Marketing for the New Realities
1) Which of these is an accurate characterization of the contemporary view of marketing?
A) Marketing is synonymous with selling.
B) With the rise of social commerce, company-driven marketing is no longer important.
C) Marketing's emphasis within the firm continues to decline.
D) To improve efficiency, most firms now restrict marketing activities within the "official" boundaries of the marketing department.
E) Marketing is about identifying and meeting human and social needs in a way that harmonizes with the goals of the organization.
Answer: E
Diff: 3
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking
2) With regard to the selling function, what did Peter Drucker have to say about the aim of marketing?
A) Selling should replace marketing.
B) Selling should have equal importance in the corporate hierarchy.
C) It should make selling superfluous.
D) The sales function should set strategy, while the marketing function owns tactics.
E) Selling and marketing are synonymous.
Answer: C
Diff: 2
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking
3) Which of these was identified as key reason why Nintendo had a hit with the Wii and Apple with the iPad?
A) Both companies designed the right product based on thoughtful research.
B) Both products were flukes that happened to hit the market at the right time.
C) Neither product led its category, but both were sold aggressively.
D) Both products underpriced their competition.
E) American consumers have enough disposable income to afford luxury gadgets.
Answer: A
Diff: 2
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking
Full download link: https://gethighmark.com/test-bank-for-marketing-management-16-global-edition-by-philip-kotler.shtml
4) Which of these entities represent the bulk of most countries' marketing efforts?
A) Experiences
B) Services
C) Goods
D) Events
E) Places
Answer: C
Diff: 1
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking
5) Raw materials, labor, and sources of funding represent which kind of market?
A) Basic
B) Primary
C) Secondary
D) Resource
E) Business to business
Answer: D
Diff: 2
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking
6) A public service announcement (PSA) encouraging people to wear masks during a pandemic outbreak represents what kind of marketed entity?
A) Ideas
B) Services
C) Experiences
D) Information
E) Social good
Answer: A
Diff: 3
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking
7) Which of these is NOT one of the five basic markets?
A) Resource markets
B) Manufacturer markets
C) Educational markets
D) Consumer markets
E) Government markets
Answer: C
Diff: 2
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking
8) How does successful marketing create jobs?
A) By raising the standard of living
B) By encouraging conspicuous consumption
C) By increasing brand equity
D) By promoting capitalism
E) By building demand for products and services
Answer: E
Diff: 3
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking
9) In the four flows in a modern exchange economy, what do sellers receive from buyers in addition to money?
A) Legal rights
B) Legal releases
C) Intangible resources
D) Information
E) Confirmation
Answer: D
Diff: 2
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking
10) The decline of companies such as MySpace and Blockbuster can be attributed at least in part to which of these marketing mistakes?
A) Failing to continually improve value offerings and marketing strategies
B) Failing to articulate a clear customer message
C) Overpricing in a declining economy
D) Confusing markets with unclear corporate branding
E) Failing to use marketing intermediaries effectively
Answer: A
Diff: 2
LO: 1.1: Define the scope of marketing.
AACSB: Reflective thinking
11) Which of these reasons was identified as a success factor for the British firm RB (formerly Reckitt Benckiser)?