MKT 100 Quiz 2 (1)

“�           Question 1   According to the Boston Consulting Group, marketers may classify their products as all of the following except   “� � �   Question 2   A firm’s unique symbols, personalities, and philosophies comprise its   “� � �   Question 3 According to the text, a market is defined as     “� � �   Question 4   Electronic marketing has greatly improved the ability of marketers to target individual customers. As a result, many feel that marketing’s emphasis is shifting from share of market to share of     “� � �   Question 5   A marketing plan usually begins with a(n)     “� � �   Question 6   A competitive advantage that cannot be readily copied by the competition is referred to as a(n) ____ advantage.     “� � �   Question 7   A marketing unit can be organized according to functions, products, regions, and     “� � �   Question 8   Using information about customers to create marketing strategies that develop and sustain desirable long-term customer relationships is known as     “� � �   Question 9 0 out of 6 points In essence, all organizations have two types of strategy: ____ is the strategy that the organization decides on during the planning phase, and ____ is the strategy that actually takes place.     “� � �   Question 10   An organization’s business goals should be derived from its     “� � �   Question 11   Sometimes business must find a balance between society’s demand for social responsibility and investors’ desires for profits. This is an example of a(n) ____ responsibility.     “� � �   Question 12   Actions that promote human health and welfare address the ____ dimension of the pyramid of social responsibility.     “� � �   Question 13   The amount of money received through wages, rents, investments, pensions, and subsidies is called     “� � �   Question 14   Various stakeholders and ____ determine the acceptable standards of conduct involving ethics.     “� � �   Question 15   Marketing ethics     “� � �   Question 16   The 1990 Nutritional Labeling and Education Act directly prohibits     “� � �   Question 17   The most basic principles of marketing ethics are     “� � �   Question 18 During which stage of the business cycle is unemployment low and total income relatively high?     “� � �   Question 19   At the top of the pyramid of social responsibility for business are ____ responsibilities.     “� � �   Question 20   Which of the following actions is illegal?

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