Organizational Management Analysis Quiz
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Questions and Answers

What is not a criterion used to evaluate different market segments in a service setting?

  • Sustainability
  • Reliability (correct)
  • Actionability
  • Accessibility
  • In a business-to-business market, which of the following is usually NOT used to define and profile market segments?

  • Nature of rivalry
  • Customer demographics (correct)
  • Industry type
  • Strategic importance of firms
  • When pursuing a niche business strategy in a service firm, what additional segmentation variable might be used?

  • Market share
  • Customer satisfaction
  • Past yield (correct)
  • Potential performance
  • Which of the following is NOT a factor on which target segments should be selected?

    <p>Strategic fit with organization's competitors</p> Signup and view all the answers

    In a service setting, which of the following is least likely to be considered as an additional segmentation variable?

    <p>Technological advancement</p> Signup and view all the answers

    Which of the following is not commonly used to evaluate different market segments in terms of their characteristics?

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

    What type of analysis requires an organization's management to identify its resources, limitations, constraints, values, and goals?

    <p>Internal corporate analysis</p> Signup and view all the answers

    Which type of analysis determines the overall nature, level, trend, and geographic location of demand?

    <p>Market analysis</p> Signup and view all the answers

    What type of analysis provides a marketing strategist with insight into an organization's strengths and weaknesses to suggest opportunities for differentiation?

    <p>Competitive analysis</p> Signup and view all the answers

    When determining the overall nature, level, and trend of demand, what type of analysis is useful to undertake?

    <p>Market analysis</p> Signup and view all the answers

    In which scenario would an organization be pushed into a position that no one else wants?

    <p>When there is little customer demand in that position</p> Signup and view all the answers

    Which type of service is mentioned as having the highest level of risk?

    <p>Hiring consultancy services</p> Signup and view all the answers

    Which factor is NOT likely to enhance risks and uncertainty for a service purchaser?

    <p>When customer is making a repeat purchase</p> Signup and view all the answers

    What factor may reduce risk and uncertainty for a consumer when selecting a service?

    <p>The complexity of the service</p> Signup and view all the answers

    For an overseas student selecting an Australian or New Zealand university, which information source is likely to be the least important when making a decision?

    <p>Opinion of friends who have visited and experienced the university</p> Signup and view all the answers

    Which type of service is associated with risks and uncertainties in the mind of a consumer?

    <p>Consultancy services</p> Signup and view all the answers

    Which factor is highlighted as reducing risks and uncertainties for a consumer looking to select a service?

    <p>The intangibility of the service</p> Signup and view all the answers

    What is a basic requirement for a blueprint according to the text?

    <p>Defining how much variation from standards can be allowed</p> Signup and view all the answers

    In blueprinting, what does the identification of 'fail points' help with?

    <p>Operational error points</p> Signup and view all the answers

    According to Wirtz and Mattila, what did they find to be more important for customer satisfaction than compensation alone?

    <p>Recovery process; compensation</p> Signup and view all the answers

    What is the significance of distribution in services compared to physical products?

    <p>Distribution plays a vital role in services</p> Signup and view all the answers

    What does dealing with a service organization at 'arm's length' mean according to the text?

    <p>Customers never see the service facilities</p> Signup and view all the answers

    What is the primary focus in blueprinting when it comes to service quality?

    <p>Preventing operational error points</p> Signup and view all the answers

    Under what circumstance does price competition NOT reduce according to the text?

    <p>When switching costs are high</p> Signup and view all the answers

    A customer perceiving high levels of social risk is worried that:

    <p>Their choice of service provider may not meet family or friends' approval</p> Signup and view all the answers

    Which type of risk involves worries about the time and effort required to select a service provider?

    <p>Temporal risk</p> Signup and view all the answers

    In a situation where a firm has undifferentiated services compared to competitors, which factor does NOT lead to intensified price competition?

    <p>Decreased capacity in the industry</p> Signup and view all the answers

    What factor does NOT contribute to intensifying price competition according to the text?

    <p>Wider distribution of competitors</p> Signup and view all the answers

    When do customers worry that their choice of service provider may not meet with family or friends' approval?

    <p>High levels of social risk</p> Signup and view all the answers

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