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Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
consumer product safety commission website (handles recalls)   show
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measures the consumers propensity (willingness) to spend   show
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show exchange process  
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show marketing environment  
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needs are what people can't live without and a want is everything that isn't a necessity that a person desires   show
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show customer relationship management (CRM)  
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a good (tangible), service (intangible), or idea (concept) consisting of a bundle of tangible and intangible attributes that satisfies consumers' needs and is received in exchange for money or something else of value   show
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show ultimate consumer  
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show market segments  
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show utility  
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do we need to change something?   show
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show competencies  
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a firm's special ability   show
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show competitive advantage  
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show competitors  
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show corruption  
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happens before the exchange   show
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happens after the exchange   show
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show marketing  
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consists of the marketing manager's controllable factors - product, price, promotion, and place - that can be used to solve a marketing problem   show
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show place utility  
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having the product available when we want it   show
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making something easier and faster to purchase   show
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show nonprofits  
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show industry  
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show organizational levels  
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the fundamental, passionate, and enduring principles of an organization that guide its conduct over time   show
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a statement of the organization's function in society that often identifies its customers, markets, products, and technologies. the term is often used interchangeably with vision (should be short and sweet and non-specific)   show
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consists of the set of values, ideas, attributes, and norms of behavior that is learned and shared among the members of an organization (strong organizations have strong culture)   show
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show marketing myopia  
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show market share  
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the visual computer display of the essential information related to achieving a marketing objective   show
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analyzes your strengths and weaknesses (internal) as well as your opportunities and threats (external)   show
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the process of continually acquiring information on events occurring outside the organization to identify and interpret potential trends   show
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describe a population according to selected characteristics such as age, gender, ethnicity, income, and occupation   show
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48% of americans are married (33% of households have stepparents, stepchildren, or stepsiblings) people are moving south and west (Texas and Florida have the biggest gain) 30% of people live in cities, 50% in suburbs, and 20% in rural areas   show
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include the generation of 76 million children born between 1946 and 1964. they are the wealthiest generation in U.S. history, accounting for an estimated 50% of all consumer spending   show
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show FTC (federal trade commission)  
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show lanham act  
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voluntary alliance of companies, maintain fair practices   show
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show barrier to entry  
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a cycle or series of cycles of economic expansion and contraction   show
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the total amount of money made in one year by a person, household, or family unit. also known as money income at the census bureau   show
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show disposable income  
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show discretionary income  
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sellers with similar products   show
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show monopolistic competition  
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show oligopoly competition  
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show pure monopoly  
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show ethics  
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show laws  
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an organization's values ethics, vision, behaviors and work environment (what makes the company unique)   show
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show consumer bill of rights (1962)  
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federal safety standards for most products sold in the U.S.   show
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marketers must give consumers complete and accurate information   show
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the practice of limiting new products (using slotted allowances)   show
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show the right to be heard  
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a formal statement of ethical principles and rules of conduct   show
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a personal moral philosophy that considers certain individual rights or duties as universal, regardless of the outcome (similar to the consumer bill or rights)   show
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a personal moral philosophy that focuses on the "greater good for the greatest number" by assessing the costs and benefits of the consequences of ethical behavior   show
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behavior by the customer or consumer that is against the moral values held by someone or society as a whole (can include shoplifting or not paying for something you ate in store)   show
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the legal concept of "let the buyer beware" that was persuasive in the American business culture before the 1960s   show
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show 5 stages of consumer decision process  
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show problem recognition  
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internal search, external search (personal sources, public sources, marketer dominated sources)   show
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show alternative evaluation (evaluative criteria)  
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show alternative evaluation (consideration set)  
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from whom to buy and when to buy or not buy at all   show
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satisfied customers tell 3 people, dissatisfied customers tell 9 people   show
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show high involvement  
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less attention, peripheral processing, generates weak attitudes and increased use of cues   show
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the 5 aspects of the purchase situation that impact the consumers purchase decision process, (1) the purchase task (2) social surroundings (3) physical surroundings (4) temporal effects (5) antecedent states   show
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Created by: caroline1143