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45 questions
The decision process by which business buyers determine which products and services their organizations need to purchase and then find, evaluate, and choose among alternative suppliers and brands is known as __________.
situational analysis
business buying process
business diversificaiton
business process automation
lateral expansion
Business buyer behavior refers to the ___________.
buying behavior of consumers who buy goods and sevices for personal consumption
buying behavior of the organizations that buy goods and services for use in the production of other products and services that are sold, rented, or supplied to others
buying behavior of consumers who rely on small retailers for the regular supply of provisions
decision process by which business buyers determine which products and services their organizations need to purchase
strong affinity of businesses for value-for-money deals
Business markets are similar to consumer markets in that ______________.
the nature of buying unit is the same for both
the decisions processes involved in both the markets are same
both involve people who assume buying roles and make purchase decisions to satisfy needs
both share the same market structure
the types of decisions are fairly consistent in both the markets
The business marketer normally deals with _________ than the consumer marketer does.
far fewer but far larger buyers
far more but far smaller buyers
negligible customer complaints
far less fluctuations in demands
far more elastic demand
Business demand that ultimately comes from the demand for consumer goods is known as __________ demand.
derived
negative
primary
latent
elastic
Demand for outboard motors depends on consumers purchasing fishing boats. This is an example of ________ demand.
primary
composite
derived
latent
negative
Which of the following is true about business purchases?
Business purchases involve more professional purchasing effort than consumer purchases.
Business purchases involve less participants in decision making compared to consumer purchases.
Purchasing agents are absent in business purchases.
Business purchases involve less technical and economic considerations compared to consumer purchases.
Business purchases are usually quicker and more informal than are consumer purchases.
____________ involves systematically developing networks of supplier-partners to ensure a dependable supply of products and material for use in making products or reselling them to others.
Supplier development
Backsourcing
Supplier quality assurance
Corporate recovery
Executive development
The owners of a manufacturing firm in Ohio have developed a core network of suppliers to ensure and uninterrupted supply of products. This is an example of __________.
capability management
a supply bottleneck
asset management
backsourcing
supplier development
A marketer wanting to determine business buyer behavior is most likely to ask which of the following questions?
Are buyers sensitive toward prices changes in consumer markets?
What are the major influences on buyers?
Are niche markets more profitable than mass markets?
How do interpersonal factors affect organizational performance?
Is the role of gatekeepers relevant in the international business environment.
In a ___________ situation, the "in" suppliers may become nervous and feel pressured to put their best foot forward to protect an account and the "out" suppliers may see the present situation as an opportunity to make a better offer and gain new business.
straight rebuy
new task
reverse auction
modified rebuy
solutions selling
In which of the following would the buyer reorder a product without any modifications?
reverse auction
solution selling
new task
straight rebuy
modified rebuy
_________ refers to a business buying situations in which the buyer purchases a product or service for the first time.
Modified rebuy
Straight rebuy
New task
Reverse auction
Derived demand
The _________ refers to all the individuals and units that play a role in the purchase decision-making process.
research and development center
value chain
buying center
marketing information system
immersion group
_________ refer to members of the buying organization who will actually use the purchases product or service.
Gatekeepers
Usurers
Users
Influencers
Buyers
All the individuals and households that buy or acquire goods and services for personal consumption make up the _________.
consumer market
market offering
market mix
subculture
social class
Which of the following is marketing stimuli?
economic stimuli
price stimuli
technological stimuli
social stimuli
cultural stimuli
According to the model of buyer behavior, which of the following is one of the two primary parts of a "buyer's black box"?
technological stimuli
buyer's decision process
buyer's spending habits
social stimuli
promotion stimuli
Marketing stimuli consist of the four Ps. Which of the following is NOT one of these?
product
packaging
price
promotion
place
Which of the following statements is true of social classes?
Social classes are society's temporary divisions.
Members of a social class have unique and distinct values, interests, and behaviors.
People within a social class tend to exhibit similar buying behavior.
Income is the single factor that determines social class.
Social classes universally exhibit identical product and brand preferences.
_________ is the most basic determinant of a person's wants and behavior.
Culture
Brand personality
Cognitive dissonance
Caste
Selective perception
Each culture contains smaller ___________, or groups of people with shared value systems based on common life experiences and situations.
cultural universals
reference groups
subcultures
monocultures
social networks
__________ are society's relatively permanent and ordered divisions whose members share similar values, interest, and behaviors.
Social classes
Societal norms
Reference groups
Universal cultures
Social networks
Family is one of the _________ factors that influence consumer behavior.
regional
social
personal
psychological
business
__________ are people within a reference group who, because of special skills, knowledge, personality, or other characteristics, exert influence on others.
Opinion leaders
Innovators
Surrogate consumers
Stealth marketers
Laggards
A buyer's decisions are influenced by _________ such as they buyer's age and life-cycle stage, occupation, economic situation, lifestyle, personality, and self-concept.
personal characteristics
stereotypes
perceptions
attitudes
psychographics
A person's buying choices are influenced by four major psychological factors. Which of the following is NOT one of these factors?
motivation
perception
association
learning
beliefs
Maslow's theory is that _______ can be arranged in a hierarchy.
marketing stimuli
personal beliefs
perceptions
human needs
decisions
Which of the following is NOT part of Maslow's hierarchy of needs?
physiological needs
safety needs
spiritual needs
esteem needs
social needs
_________ is the process by which people select, organize, and interpret information to form a meaningful picture of the world.
Motivation
Perception
Dissonance
Learning
Self-actualization
When consumers are highly involved with the purchase of an expensive product and they perceive significant differences among brands, they most likely will exhibit _________.
consumer capitalism
complex buying behavior
consumer ethnocentrism
dissonance-reducing buying behavior
variety-seeking buying behavior
When consumers are highly involved with an expensive, infrequent, or risky purchase but see little difference among brands, they most likely will exhibit ______.
habitual buying behavior
complex buying behavior
impulse buying behavior
dissonance-reducing buying behavior
consumer capitalism
When customers have a low involvement in a purchase but perceive significant brand differences, they will most likely engage in __________.
complex buying behavior
dissonance-reducing buying behavior
habitual buying behavior
variety-seeking buying behavior
consumer ethnocentrism
Which of the following consumer buying behaviors is related to conditions of low-consumer involvement and little significant brand difference?
complex buying behavior
dissonance-reducing buying behavior
habitual buying behavior
variety-seeking buying behavior
consumer capitalism
The buyer decision process consists of five stages. Which of the following is NOT one of these stages?
need recognition
information search
conspicuous consumption
purchase decision
postpurchase behavior
The buying decision process starts with ________, in which the buyer spots a problem.
need recognition
information search
impulse purchases
buyer's remorse
alternative evaluation
If the consumer's drive is strong and a satisfying product is near at hand, the consumer is likely to buy it then. If not, the consumer may store the need in memory or undertake _______.
consumer ethnocentrism
buyer's remorse
a need recognition
an information search
cognitive dissonance
After the purchase of a product, consumers will be either satisfied or dissatisfied and engage in ___________.
consumer capitalism
alternative evaluation
postpurchase behavior
consumer ethnocentrism
information searches
Almost all major purchases result in _____, or discomfort caused by postpurchase conflict.
need recognition
cognitive dissonance
consumer ethnocentrism
conspicuous consumption
consumer capitalism
Consumers learn about new products for the first time and make the decision to buy them during the ________.
need recognition stage
adoption process
evaluation process
trial process
quality assessment stage
Which of the following is the final stage in the new product adoption process?
awareness
adoption
evaluation
interest
trial
George is buying his first house. He has spend a month looking at houses and comparing them on attributes such as price and location. He has contacted several real estate agents to look at different types of houses. George is most likely exhibiting __________.
variety-seeking buying behavior
complex buying behavior
consumer capitalism
dissonance-reducing buying behavior
marketing myopia
For the past ten years, Bill and Margaret have saved money to go to the Super Bowl should their team reach the finals of the NFC Championship. This is the year, and several tour companies offer attractive, but very similar, packages to the game. Since all packages are pretty much the same, they have chosen one that fits their budget. They are most likely exhibiting ____________.
complex buying behavior
dissonance-reducing buying behavior
habitual buying behavior
consumer capitalism
consumer ethnocentrism
Carrie tends to purchase various brands of bath soap. She has never been loyal to a specific brand; instead she does a lot of brand switching. Carrie exhibits ___________.
dissonance-reducing buying behavior
complex buying behavior
habitual buying behavior
variety-seeking buying behavior
conspicuous consumption behavior
A particular automobile company works to keep its customers happy after each sale, aiming to delight each one of them in order to increase their customer lifetime value. Which of the following steps of the buyer decision process does the company exemplify?
need recognition
information search
evaluation of alternatives
purchase decision
postpurchase behavior
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