Post Graduate and Undergraduate Programs Overview
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Questions and Answers

What is the process that links the consumer, customer, and public to the marketer through information?

Marketing research

Which of these is NOT a primary value activity?

  • Outbound Logistics
  • Human Resource Management (correct)
  • Operations
  • Inbound Logistics
  • What is the difference between the values a customer gains from owning and using a product and the costs of obtaining the product?

    Customer value

    Which of these is NOT a factor affecting buyer behavior?

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

    The first stage of the buying decision process is known as need recognition.

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

    Which marketing strategy involves focusing efforts on one or more products to a single segment?

    <p>Concentrated Marketing</p> Signup and view all the answers

    A good package should be convenient but should not be made re-usable.

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

    What is the process of determining what a business will receive in exchange for its product?

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

    Target costing is a pricing approach where the firm first determines the price at which a new product can be sold.

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

    Which pricing strategy involves setting a relatively low initial entry price to attract new customers?

    <p>Penetration Pricing</p> Signup and view all the answers

    What is the assortment of goods and/or services a firm offers consumers and industrial users?

    <p>Product mix</p> Signup and view all the answers

    Which of these is NOT a stage of the product life cycle?

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

    Which of these is the most effective approach to budgeting for marketing communication?

    <p>Objective-and-Task Method</p> Signup and view all the answers

    What is the process of making a product or service available for use or consumption by the consumer or business user?

    <p>Marketing channel or distribution channel</p> Signup and view all the answers

    A direct marketing channel has no intermediary levels.

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

    What refers to making the products available to customers in locations where the customers desire them to be available for buying?

    <p>Place Utility</p> Signup and view all the answers

    The Horizontal Marketing Strategy involves two or more separate companies coming together to take advantage of new opportunities to draw capital.

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

    What is the most influential aspect of the marketing mix?

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

    What is a global network of organizations cooperating to improve the material flows and information between suppliers and customers at a high speed and lowest cost?

    <p>Supply chain</p> Signup and view all the answers

    Which of these is NOT a strategic issue in supply chain management?

    <p>Limited budget for advertising</p> Signup and view all the answers

    The supply chain consists of "Upstream" and "Downstream" partners.

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

    The growing involvement of most firms in international operations is a major force driving the expansion of supply chain management.

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

    Integrated Marketing Communication (IMC) is an attempt to strategically align various promotional elements for greater effectiveness and a consistent image.

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

    Personal selling is often combined with direct marketing but is not considered a distinct part of marketing mix.

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

    Which of these is NOT a step in developing effective marketing communications?

    <p>Managing the supply chain</p> Signup and view all the answers

    What is the most common method of setting the total promotion budget?

    <p>Objective-and-Task Method</p> Signup and view all the answers

    In many cases, the business messages sent by customer service personnel are supervised by marketing departments.

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

    The Vertical Marketing System (VMS) consists of producers, wholesalers, and retailers acting as a unified system.

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

    What is the process of identifying and selecting suppliers, determining the number of suppliers to work with, and defining the types of contracts?

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

    The primary goal of personal selling is to inform and persuade prospects and customers to make a purchase decision.

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

    Retailers who serve customers who are willing to perform their own “Locate-compare-select” process are called self-service retailers.

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

    Which channel has no intermediary level?

    <p>Direct Marketing Channel</p> Signup and view all the answers

    A ________ consists of producers, wholesalers, and retailers acting as a unified system.

    <p>Vertical Marketing System (VMS)</p> Signup and view all the answers

    How many types of vertical systems are there?

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

    The main purpose of marketing is to know and understand the customer so well that the product or service fits them and sells itself.

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

    The supply chain management starts from the supplier of raw materials, then conversion at factory into finished products, storage at warehouses, and finally, supply to distribution channels to meet the demand of end-user for a finished product at an acceptable cost and service level.

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

    Logistics management is concerned with the management of physical distribution of the commodities. It starts from sources of supply and ends at the consumption point.

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

    The supply chain surplus is the difference between what the cost supply chain incurs and the end product that has worth to the customer. The value of the commercial supply chain is correlated with its profitability which is known as supply chain surplus.

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

    The obstacles to supply chain management include: lack of top management support, non-aligned strategic and operating philosophies, inability or unwillingness to share information, lack of trust among supply chain members, unwillingness to share risks and rewards, inflexible organizational systems and processes, cross-functional conflicts, inconsistent or inadequate performance measures, resistance to change, and lack of training for new mindsets and skill.

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

    A business typically determines its supply chain strategy on a make-and-sell basis.

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

    Which of these is NOT a trend in wholesaling?

    <p>Wholesaler profits are decreasing</p> Signup and view all the answers

    Market logistics involves planning the infrastructure to meet demand, then implementing and controlling the physical flows of materials and final goods from point of origin to the customer points, while generating a surplus.

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

    The importance of supply chain management is evidenced by the reduction in inventories along the chain, improved information sharing, and a stronger emphasis on planning in collaboration rather than in isolation.

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

    Study Notes

    Programs Offered

    • Post Graduate Programmes (PG)
      • Master of Business Administration
      • Master of Computer Applications
      • Master of Commerce (Financial Management/Financial Technology)
      • Master of Arts (Journalism and Mass Communication)
      • Master of Arts (Economics)
      • Master of Arts (Public Policy and Governance)
      • Master of Social Work
      • Master of Arts (English)
      • Master of Science (Information Technology) (ODL)
      • Master of Science (Environmental Science) (ODL)
    • Diploma Programmes
      • Post Graduate Diploma (Management)
      • Post Graduate Diploma (Logistics)
      • Post Graduate Diploma (Machine Learning and Artificial Intelligence)
      • Post Graduate Diploma (Data Science)
    • Undergraduate Programmes (UG)
      • Bachelor of Business Administration
      • Bachelor of Computer Applications
      • Bachelor of Commerce
      • Bachelor of Arts (Journalism and Mass Communication)
      • Bachelor of Arts (General/Political Science/Economics/English/Sociology)
      • Bachelor of Social Work
      • Bachelor of Science

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    Description

    Explore the diverse range of Post Graduate and Undergraduate programs offered, including degrees in Business Administration, Computer Applications, and various Arts and Science disciplines. This overview highlights key specializations such as Machine Learning, Data Science, and Environmental Science. Perfect for prospective students looking to understand their options for further education.

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