Marketing Definitions and Goals
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Questions and Answers

What is the new approach in marketing that goes beyond blasting out messages to the masses?

  • Sending out catalogues
  • Creating imaginative websites (correct)
  • Using spiels from salespeople
  • Developing traditional TV commercials

According to Peter Drucker, what is the aim of marketing in today's context?

  • To increase the number of TV commercials
  • To bombard consumers with online pitches
  • To focus on traditional marketing methods
  • To make selling and advertising unnecessary (correct)

How is marketing defined in a broader context as mentioned in the text?

  • As simply selling and advertising
  • As a social and managerial process of creating value through exchanges (correct)
  • As a way to bombard consumers with promotional materials
  • As a one-dimensional process involving only TV commercials

What is the marketing mix referred to in the text?

<p>A set of tools working together to engage customers and build relationships (D)</p> Signup and view all the answers

In today's marketing, what is the goal of understanding consumer needs, developing products, pricing, distributing, and promoting effectively?

<p>To make selling unnecessary by creating superior customer value (C)</p> Signup and view all the answers

Which of the following best describes the twofold goal of marketing?

<p>To attract new customers by promising superior value and to keep and grow current customers by delivering value and satisfaction (C)</p> Signup and view all the answers

Which of the following companies is an example of a not-for-profit organization that uses marketing?

<p>Universities (B)</p> Signup and view all the answers

Which of the following is not a traditional form of marketing?

<p>Social media marketing (A)</p> Signup and view all the answers

Which of the following is not a key factor in Amazon's dominance of the online marketplace?

<p>Using aggressive pricing strategies to undercut competitors (D)</p> Signup and view all the answers

Which of the following is not a way that Starbucks dominates the out-of-home coffee market?

<p>Offering the cheapest prices for coffee (B)</p> Signup and view all the answers

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