Digital Marketing Learning Objectives Quiz

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What is the essence of marketing according to the text?

Dominating the marketplace through aggressive tactics

Focusing solely on product features

Creating customer value and building strong relationships (correct)

Maximizing profits at any cost

What is the key function of exchange in marketing as per the text?

To manipulate customer desires

To understand customer needs effectively

To obtain desired objects by offering something in return (correct)

To deceive customers into buying products

Which term best describes 'needs' according to the text?

States of felt deprivation (correct)

Consumer wants that can be easily satisfied

Luxury items that are not essential

Products that are not in demand

What is the core purpose of a customer-driven marketing strategy according to the text?

To create value for customers Signup and view all the answers

Why is understanding the marketplace essential in marketing, as mentioned in the text?

To identify and meet customer needs effectively Signup and view all the answers

What are the major trends shaping the marketing landscape according to the text?

Increasing focus on customer relationships Signup and view all the answers

What is the definition of customer lifetime value?

The value of the entire stream of purchases that the customer would make over a lifetime of patronage. Signup and view all the answers

What is the definition of customer equity?

The total combined customer lifetime values of all of the company's customers. Signup and view all the answers

Which of the following is NOT a digital or social media marketing tool?

Direct mail Signup and view all the answers

What is the main focus of sustainable marketing?

Meeting the needs of the present without compromising the ability of future generations to meet their own needs. Signup and view all the answers

Which of the following is NOT a major trend or force changing the marketing landscape?

Increased focus on customer relationships Signup and view all the answers

Which of the following is NOT a key element of a customer-driven marketing strategy?

Focusing only on existing wants Signup and view all the answers

What is the difference between wants and demands in the context of marketing?

Wants are human needs shaped by culture and personality, while demands are wants backed by buying power. Signup and view all the answers

What is the primary focus of marketing myopia?

Focusing only on existing wants and losing sight of underlying consumer needs Signup and view all the answers

Which of the following is NOT a way that consumers engage in the market?

Offering feedback to companies on their products and services Signup and view all the answers

What are the two key questions that guide a customer value-driven marketing strategy?

What customers will we serve? How can we best serve these customers? Signup and view all the answers

What is the definition of marketing management according to the text?

The art and science of choosing target markets and building profitable relationships with them Signup and view all the answers

What is a brand's value proposition?

The set of benefits or values promised to customers Signup and view all the answers

Which of the following is NOT part of the marketing mix?

Profit Signup and view all the answers

What does societal marketing consider in a company's marketing decisions?

Consumers' requirements and society's long-run interests Signup and view all the answers

What does an Integrated Marketing Program aim to do?

Communicate and deliver intended value comprehensively Signup and view all the answers

What is Customer Relationship Management about?

Delivering superior customer value and satisfaction Signup and view all the answers

How does a brand capture value from customers according to the text?

By creating value for customers first before capturing value from them Signup and view all the answers

What is the primary focus of customer-engagement marketing?

Fostering direct and continuous customer involvement in shaping brand conversations, experiences, and community Signup and view all the answers

What does partner relationship management involve?

Working closely with partners within and outside the company to bring greater value to customers Signup and view all the answers

What is consumer-generated marketing?

Brand exchanges and experiences created by consumers themselves Signup and view all the answers

What does the term 'share of customer' refer to?

The portion of the customer's purchasing that a company gets in its product categories Signup and view all the answers

Which of the following is NOT a type of marketing discussed in the text?

Product-centric marketing Signup and view all the answers