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2. According to Theodore Levitt, who drew a perceptive contrast between the selling and
marketing concepts, ________ is preoccupied with the need to convert products into cash.
a. marketing
b. selling
c. direct marketing
d. holistic marketing
e. service marketing
3. During market segmentation analysis, the marketer identifies which segments present the
greatest opportunity. These segments are called ________.
a. target markets
b. primary markets
c. tertiary markets
d. demographic markets
e. focused markets
4. In ________ marketing, the seller engages in the mass production, mass distribution, and
mass promotion of one product for all buyers.
a. group
b. mass
c. general
d. segmented
e. differentiated
5. A ________ consists of a group of customers who share a similar set of needs and wants.
a. market target
b. market group
c. market slice
d. market segment
e. market level
8. As part of the strategic brand management process, each company and offering must
represent a distinctive ________ in the mind of the target market.
a. promotion
b. cell
c. big idea
d. ad
e. organizational concept
10. According to the illustrations describing the product life cycle, during which stage of the
cycle is there a strong likelihood that negative profits will be the norm?
a. Introduction
b. Growth
c. Maturity
d. Decline
e. Death
FINANCE