Defining Marketing Lecture 1
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Questions and Answers

What is the primary focus of Relationship Marketing?

  • Establishing deep, long-lasting relationships between companies and customers (correct)
  • Marketing based on understanding financial and non-financial metrics
  • Aligning employees with the company's vision and marketing plan
  • Ensuring all marketing activities are synchronized
  • What is the primary goal of Internal Marketing?

  • Delivering value to customers through synchronized marketing activities
  • Aligning employees with the company's vision and marketing plan (correct)
  • Understanding financial and non-financial metrics for marketing decisions
  • Selecting a target market and aligning it with the brand's positioning
  • What is the marketing mix element that refers to the tangible aspects of a service?

  • Price
  • Physical Evidence (correct)
  • Promotion
  • Product
  • What is the primary goal of marketing activities?

    <p>Generating sufficient profit for long-term success</p> Signup and view all the answers

    What is the primary focus of the Sales Period (1930-1950) in the historical development of marketing?

    <p>Aggressive selling tactics to boost sales volume</p> Signup and view all the answers

    What is the primary focus of Performance Marketing?

    <p>Marketing based on understanding financial and non-financial metrics, as well as ethical considerations</p> Signup and view all the answers

    What does demand refer to in marketing?

    <p>The willingness and ability of customers to purchase products or services at various prices during a specific time period</p> Signup and view all the answers

    What is the marketing mix element that refers to the process of delivering a service?

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

    What is the term that refers to the synchronization of all marketing activities to deliver value?

    <p>Integrated Marketing</p> Signup and view all the answers

    What is the primary emphasis of the Production Period (1870-1930) in the historical development of marketing?

    <p>Production efficiency and low costs</p> Signup and view all the answers

    What is the primary characteristic of the Holistic Marketing Approach?

    <p>Emphasis on integrated perspectives</p> Signup and view all the answers

    What is the scope of marketing?

    <p>Identifying and meeting customer and societal needs profitably</p> Signup and view all the answers

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