Marketing in Practice: How is Marketing Done?
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Questions and Answers

What are the five key functions for a CMO in leading marketing within an organization?

  • Strengthening the brands (correct)
  • Filing administrative paperwork
  • Hiring new employees
  • Creating new marketing campaigns

Which department must also think like marketers to create strong marketing organizations?

  • Finance
  • IT
  • Human Resources (correct)
  • Logistics

What is NOT one of the core marketing concepts mentioned in the text?

  • Demands
  • Desires (correct)
  • Wants
  • Needs

What is a key step in the marketing planning process?

<p>Designing marketing strategies (D)</p> Signup and view all the answers

Which function is NOT mentioned as a key function for a CMO?

<p>Developing new HR policies (B)</p> Signup and view all the answers

What is one of the major societal forces affecting marketing discussed in the text?

<p>Degregulation (D)</p> Signup and view all the answers

Which of the following is NOT listed as a new consumer capability in the text?

<p>Limited information available (C)</p> Signup and view all the answers

What is one of the new company capabilities discussed in the text?

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

Which of the following is a result of industry convergence as discussed in the text?

<p>Enhanced information availability (B)</p> Signup and view all the answers

How do consumers have a greater ease in interacting and placing orders according to the text?

<p>By using network information technology (D)</p> Signup and view all the answers

What are the basic human requirements according to the text?

<p>Real needs (D)</p> Signup and view all the answers

What is a set of benefits offered to customers to satisfy their needs known as?

<p>Value proposition (D)</p> Signup and view all the answers

Which aspect is important for successful marketing according to the text?

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

What does segmenting target markets involve according to the text?

<p>Identifying and profiling distinct groups of buyers based on political views (B)</p> Signup and view all the answers

Which channels are included in Marketing Channels according to the text?

<p>Service channels, Supply Chain, Logistics channels (B)</p> Signup and view all the answers

What environment does Competition fall under according to the text?

<p>Task environment (A)</p> Signup and view all the answers

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