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Marketing

test 4

QuestionAnswer
What are the 3 Promotion Objectives ? Informing, Persuading, Reminding
In the promotion mix, what is 1:1? Personal Selling
In the promotion mix, what is 1:Some? Sales Promotion
In the promotion mix, what is 1:Many (paid by company)? Advertisement
In the promotion mix, what is 1:Many (unpaid)? Publicity
What are the 4 Advertising Decisions? Target audience, Message, Media decision, Sender Decision
What is a Storyboard? A mockup combining copy and visual material to show the sequence of major scenes in a commercial.
What are the 5 elements of Print Advertisements? Headline, Illustration, Sub-headline, Body Copy, Signature
Sales promotion types (10) Coupons, deals, premiums, contests, sweepstakes, samples, loyalty programs, POP displays, rebates, product placement
Personal selling equals to _____ ______ ______ ______. Helping customers solve problems
Good salespeople _____ _____ so that they can _____ _____ _____. Ask questions; Solve customers' problems
How do salespeople overcome objections or reservations? Understand them and Respond honestly
What is the Personal Selling Process? (Generate & Qualify Leads) - (Pre-approach) - (Sales Presentation and Overcoming Reservations) - (Closing the Sale) - (Follow-up)
Why is important to be ethical? So that you can meet customers' needs profitably.
What is Corporate Social Responsibility? Voluntary actions taken by a company to address the ethical, social, and environmental impacts of its business operations and the concerns of its stakeholders.
6 Steps of the New-product Development Process Idea generation - Concept testing - Product development - Market testing - Product launch - Evaluation of results
What are two sources of new product development? Brainstorming & Outsourcing
List the four fundamental characteristics of services. Intangible, variable, inseparable, perishable
The ________ gap reflects the difference between customers' expectations and the firm's perception of those customer expectations. Knowledge
List the four service gaps. Knowledge, delivery, standards, communication
What are the 5 service dimensions to determine overall service quality? reliability, tangibles, responsiveness, assurance, empathy
Effective service recovery entails: Listening to the customer Providing a fair solution Solving the problem
What are the three main factors in setting a list price? Cost Competitors price Customers willingness to pay
Created by: traaward
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