Podcast
Questions and Answers
Which term does the textbook use instead of the traditional first P in marketing?
Which term does the textbook use instead of the traditional first P in marketing?
- Service
- Value chain
- Offering (correct)
- Product
What is the 'triple bottom line' in the context of marketing?
What is the 'triple bottom line' in the context of marketing?
- The evaluation of products, services, and combinations
- The importance of ethics and social responsibility in creating successful organizations
- The impact of companies on their local community
- The financial, social, and environmental performance of companies (correct)
Why is global awareness important for marketing professionals?
Why is global awareness important for marketing professionals?
- To evaluate the entire experience
- To increase their impact on the overall environment
- To provide value throughout the value chain
- To understand the world in which they operate (correct)
Which of the following is NOT one of the components of marketing as defined by the American Marketing Association?
Which of the following is NOT one of the components of marketing as defined by the American Marketing Association?
What are the four Ps of marketing?
What are the four Ps of marketing?
What is the main focus of marketing?
What is the main focus of marketing?
Why were the four Ps of marketing changed to the components of marketing?
Why were the four Ps of marketing changed to the components of marketing?
According to the text, what is the personal value equation?
According to the text, what is the personal value equation?
What does it mean for a consumer's personal value equation to be positive?
What does it mean for a consumer's personal value equation to be positive?
During which era did companies believe that good products would sell themselves?
During which era did companies believe that good products would sell themselves?
What is the approach to business that recognizes that consumers want value no matter how it is delivered?
What is the approach to business that recognizes that consumers want value no matter how it is delivered?
Who is responsible for delivering value in marketing?
Who is responsible for delivering value in marketing?
What is the primary component of supply chain management?
What is the primary component of supply chain management?
What is the focus of marketing in the modern approach?
What is the focus of marketing in the modern approach?
What is the personal value equation?
What is the personal value equation?
Which type of company sells products to be used by consumers?
Which type of company sells products to be used by consumers?
What is the term used to describe nonprofit organizations engaging in marketing activities?
What is the term used to describe nonprofit organizations engaging in marketing activities?
Which organization engages in marketing activities to promote environmentally friendly activities?
Which organization engages in marketing activities to promote environmentally friendly activities?
What is the term used to describe companies that engage in marketing by selling products to other companies?
What is the term used to describe companies that engage in marketing by selling products to other companies?
Which era did Singer and National Cash Register operate in?
Which era did Singer and National Cash Register operate in?
What does the company's offering consist of?
What does the company's offering consist of?
Who is responsible for ensuring that a new phone delivers value?
Who is responsible for ensuring that a new phone delivers value?
What does communicating in marketing mean?
What does communicating in marketing mean?
Which of the following best describes social marketing?
Which of the following best describes social marketing?
What is the main objective of the EPA's campaign about motor oil disposal?
What is the main objective of the EPA's campaign about motor oil disposal?
Is creating a resume considered a form of marketing?
Is creating a resume considered a form of marketing?
