40 questions
It is a type of utility that involves converting raw materials into products that suit the preferences of consumers so that they do not have to create their desired products themselves.
time utility
possession utility
form utility
place utility
It is an economic situation wherein there are more products and services than consumers who are willing to buy them, resulting in low prices.
buyer’s market
seller’s market
target market
new market
It is a goal of marketing that involves increasing brand and product retention in the minds of the consumers.
building brand awareness
increasing brand engagement
establishing thought leadership
supporting high sales lead volume
It is a traditional marketing approach that reached its peak in the early part of the 20th century and was exemplified by Ford’s production process
marketing concept
sales concept
production concept
societal marketing concept
It is a characteristic of a marketing organization that refers to the organization’s ability to keep customers informed about what they offer and be in constant contact with them.
consumer content
communication
company capabilities
competition
It is a contemporary marketing approach that upholds the ability if the company to consider consumer needs and wants, its stakeholders, and the long-term interests of the society producing goods and services.
societal marketing concept
relationship marketing
marketing concept
sales concept
It is a type of utility that ensures that consumers have full possession of the product or service at the right time.
time utility
possession utility
form utility
place utility
It is a traditional marketing approach that employs sales personnel to use art of persuasion in influencing consumers’ purchase decisions.
sales concept
relationship marketing concept
production concept
marketing concept
It is a goal of marketing that involves developing consumers’ emotional attachment to the brand.
increasing brand engagement
building brand awareness
establishing thought leadership
boosting sales
It is a characteristic of a marketing organization that refers to the organization’s responsibility to conduct business in an ethical manner,
customer content
community contact
communication
competition
It is the first level of relationship marketing which is also called direct sales.
Basic marketing
Customer loyalty
Freeloaders
Strangers
This type of customer has needs which do not fit the company’s offerings.
Basic marketing
Customer loyalty
Freeloaders
Strangers
It is a key factor in relationship marketing
Basic marketing
Customer loyalty
Freeloaders
Strangers
This type of customer is loyal but not profitable because of a limited fit between his or her needs and the company’s offerings.
Freeloaders
Strangers
Customer loyalty
Basic marketing
It is the process of building and maintaining profitable customer relationship by delivering superior customer value and satisfaction.
Proactive marketing
Relationship marketing
Customer value
Building process
This
is the fourth level in relationship marketing wherein the company already
has a group of regular customers who provide constructive feedback for the
improvement of the product or service.
Proactive marketing
Customer value
Relationship marketing
Survey Interview
It is defined as the satisfaction derived from what a customer may experience or expect by choosing a particular action relative to the cost of that action.
Proactive marketing
Relationship marketing
Customer value
Customer experience
A service lacks physical manifestation because it is ____
Service providers
Process
Perishable
Intangible
It is a component of service marketing that serves as the ultimate proof of service quality.
Intangible
Perishable
Process
Service providers
This is the method of service delivery
Service providers
Process
Perishable
Intangible
A service cannot be stored or returned once rendered because it is _____
Intangible
Perishable
Process
Service providers
It is a component of service marketing that refers to the visible cues that show service quality.
Physical Evidence
Process
Time & place
Productivuty
It is an act that is provided by a party that creates value and provide benefits to the other party.
Marketing
Relationship
Relationship Marketing
Service
This is a type of customer who is not loyal to the brand because he or she keeps on looking for the best deals which may lead to patronizing other brands.
Butterfly
Freeloader
Stranger
True Friend
It is a level of relationship marketing wherein a company collaborates with a group of regular customers who provides constructive feedback for the improvement of the product or service.
Accountable marketing
Proactive marketing
Basic Marketing
Reactive marketing
It is a component of service marketing wherein the goal of the marketer is to create a bundle of supplementary services that will increase the value of the main product.
Price
Process
Product & its elements
Time and place.
It is a characteristic of service which states that a service in itself is the same but the way it is provided may differ from time to time.
Homogeneous
Inseparable
Intangible
Perishable
This is a type of customer whose needs match the company’s offerings.
Butterfly
Freeloader
Stranger
True Friend
The following are some of the components of service marketing, except for:
Perception
Pricing
Promotion
Process
It is the main ingredient of relationship marketing
Brand equity
Customer loyalty
Market loyalty
Target market
It is a component of service marketing that emphasizes the importance of channel of distribution in service delivery.
Price
Process
Product & its elements
Time & place
This is a type of customer on whom companies need not invest because his or her needs do not match the companies’ goods or services.
Butterfly
Freeloader
Stranger
True Friend
Refers to the actions a company undertakes in order to execute a strategy.
Determining objectives
Strategic marketing
Marketing campaign
Tactical marketing
Refer to the activities that will inform customers of the features of a good or service and thereby induce them to buy said good or service
Determining objectives
Strategic marketing
Marketing campaign
Tactical marketing
Refers to the general plan of action which is aligned with the vision and goals of a company.
Determining objectives
Strategic marketing
Marketing campaign
Tactical marketing
Refers to the starting point which marketers should first determine before coming up with marketing strategies.
Tactical marketing
Marketing campaign
Strategic marketing
Determining objectives
The very first level of interaction between the company and the customer, where a salesperson takes charge of selling the products or services to consumers.
Reactive marketing
Basic Marketing
Proactive marketing
Accountable marketing
In this level, the salesperson voluntarily contacts the customer to ensure that the product is in perfect condition and asks if it met the latter’s expectations.
Reactive marketing
Partnership marketing
Proactive marketing
Accountable marketing
In this level, the transaction moves to a higher level because the salesperson tells the customer that he or she can be contacted to answer any inquiry about the product or service.
Reactive marketing
Partnership marketing
Proactive marketing
Accountable marketing
This is the final level and the company has built a loyal group of customers who can help in improving its performance and offerings.
Reactive marketing
Partnership marketing
Proactive marketing
Accountable marketing