Podcast
Questions and Answers
What does mystery shopping help assess?
What does mystery shopping help assess?
What does continuous improvement relate to?
What does continuous improvement relate to?
What is the primary goal of mystery shopping?
What is the primary goal of mystery shopping?
What is the relationship between mystery shopping and customer service quality?
What is the relationship between mystery shopping and customer service quality?
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What is the benefit of using mystery shopping?
What is the benefit of using mystery shopping?
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What is the focus of continuous improvement?
What is the focus of continuous improvement?
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The marketing concept emerged as a response to:
The marketing concept emerged as a response to:
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Which aspect is NOT examined in marketing research?
Which aspect is NOT examined in marketing research?
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What is the purpose of positioning research?
What is the purpose of positioning research?
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What is formal marketing intelligence?
What is formal marketing intelligence?
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What is the focus of price elasticity research?
What is the focus of price elasticity research?
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What is NOT included in the marketing mix?
What is NOT included in the marketing mix?
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What is the goal of relationship marketing?
What is the goal of relationship marketing?
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What is public relations?
What is public relations?
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Which of the following is NOT a marketing strategy decision?
Which of the following is NOT a marketing strategy decision?
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What is the definition of needs in marketing?
What is the definition of needs in marketing?
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What do mystery consumers help research?
What do mystery consumers help research?
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What is NOT a component of the marketing mix?
What is NOT a component of the marketing mix?
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What is a disadvantage of unfocused scanning?
What is a disadvantage of unfocused scanning?
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What is personal selling?
What is personal selling?
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What is the basis of odd-even pricing?
What is the basis of odd-even pricing?
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What is place utility?
What is place utility?
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Study Notes
Marketing Concepts
- Mystery shopping helps assess customer service quality and competitive pricing strategies.
- Continuous improvement relates to service delivery processes and quality monitoring and recovery.
Marketing Research
- The marketing concept emerged as a response to the selling concept's aggressive promotion, increasing global competition, and the production concept's efficiency focus.
- Marketing research examines market size, market share, brand awareness, and customer motivation to buy.
Pricing Strategies
- Price elasticity research examines how prices impact customer demand.
- Odd-even pricing is based on the psychology that odd prices seem lower and even prices are easier to process.
Marketing Mix
- The marketing mix includes decisions about product design, pricing strategies, promotion planning, but does not include raw material sourcing.
- Marketing strategies include decisions about pricing approaches, promotional campaigns, and product line breadth.
Customer Relationships
- Relationship marketing aims to build long-term customer loyalty.
- Poor quality is a reason for losing customers to competitors.
Marketing Intelligence
- Formal marketing intelligence involves a purposeful, systematic search for information.
- A benefit of marketing intelligence is early warning of competitor moves.
Product and Distribution
- The product concept assumes consumers value product quality and innovation.
- Place utility refers to having the product readily accessible.
Promotion and Sales
- Public relations is a form of non-personal promotion.
- Personal selling involves two-way interaction with buyers.
Marketing Strategies
- Competitive analysis involves assessing competitor strengths and weaknesses, forecasting competitor strategies, and identifying competitive advantages.
- Marketing strategies do not include decisions about raw material purchases.
Customer Needs
- Needs are defined as states of human deprivation backed by purchasing power.
- The selling concept advocates an aggressive selling effort, while the marketing concept emphasizes understanding customer needs.
Research and Analysis
- Mystery consumers help research service quality at competitors.
- The disadvantage of unfocused scanning is information overload, lack of specific insights, and inefficient use of resources.
Marketing Process
- Steps in the marketing research process include gathering secondary data and test marketing.
- Implementing marketing campaigns and product manufacturing are not part of the marketing research process.
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Description
This quiz evaluates your understanding of customer service and quality assessment, including mystery shopping, competitive pricing strategies, and continuous improvement.