mkt571_r6_final_examination_study_guide

mkt571_r6_final_examination_study_guide - Final Examination...

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MKT/571 Version 6 1 MKT/571 Final Examination Study Guide This study guide prepares you for the Final Examination you complete in the last week of the course. It contains practice questions, which are related to each week’s objectives. Highlight the correct response, and then refer to the answer key at the end of this Study Guide to check your answers. Use each week’s questions as a self-test at the start of a new week to reflect on the previous week’s concepts. When you come across concepts that you are unfamiliar with, refer to the Student Guide for that particular week. The Student Guide provides a breakdown of the readings that align to the Final Examination questions. Week One: Understanding Marketing Management Objective: Identify fundamental marketing concepts, trends, and tasks. 1. What is the broad purpose of the marketing concept? a. Customer orientation b. Production orientation c. Selling orientation d. Sales orientation 2. Which of the following is an example of primary data that would be used by Topps card company to determine popularity of its new hologram baseball card series? a. Input from focus groups that was put together specifically to discuss their perception of popularity of the hologram card series b. An article about the hologram cards in a recent issue of Sports Illustrated c. Sales records for baseball cards gathered by the industry’s trade council d. Data from sales records kept by exclusive dealers of Topp’s hologram series Objective: Identify components of an effective marketing plan. 3. Which of the following best describes the expected level of company sales based on a chosen marketing plan and an assumed marketing environment? a. Company sales forecast b. Sales quota c. Company demand d. Market potential 4. Rita Jenkins, president of the local Chamber of Commerce, had difficulty getting members to assist in running the organization. She felt it was because of lack of commitment to the Chamber. Her vice president felt it was due to having too many meetings. The organization’s secretary felt it was because there were several other professional organizations to which the members also belonged. If Rita wants to do research to determine the real reason why members do not want to run for office, she should begin by ________________. a. evaluating the advantages the Chamber offers over other similar organization b. defining the problem c. developing the marketing research plan that she would employ d. holding focus groups of members of other similar organizations to determine whether the problems the Chamber is facing are universal or local Objective: Apply the market research process in developing a business solution. 5.
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mkt571_r6_final_examination_study_guide - Final Examination...

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