SBM ch 4
10 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Profit is achieved through building long term relationships with customers

  • Sales approach
  • Product approach
  • Market approach (correct)
  • Marketing plan
  • Activities involved in creating a marketing strategy include :

  • Marketing analysis, product
  • Sales, product
  • Marketing analysis , sales (correct)
  • Marketing analysis, Marketing mix
  • Focuses on each transaction not building long term customer relationships

  • Sales approach (correct)
  • Customer approach
  • Product approach
  • Market approach
  • The three phases of a marketing plan :

    <p>Planning, implementation and control</p> Signup and view all the answers

    Marketing role is to inform customers that a product exists

    <p>Product approach</p> Signup and view all the answers

    Marketing mix is taking the steps necessary to locate and describe potential customer.

    <p>False</p> Signup and view all the answers

    Market-oriented companies Focuses on each transaction NOT building long-term customer relationships.

    <p>False</p> Signup and view all the answers

    business owner must understand that the marketing process has a much broader scope than simply selling a product or service, or just advertising.

    <p>True</p> Signup and view all the answers

    • Although small companies may not have the resources available to their large competitors, they can ignore marketing activities.

    <p>False</p> Signup and view all the answers

    Product orientation views marketing as a selling function where companies try to sell as many of their products as possible.

    <p>False</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Browser