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Test 2 Marketing
test 2 marketing
14
Marketing
Undergraduate 4
02/20/2013

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Term
Ikea, the Swedish furniture chain, insists that all its stores carry the basic product line with little room for adaptation to local tastes. If research of the U.S. market showed that Americans preferred larger beds than their Swedish counterparts, which
of the following strategies would be advisable for Ikea?
Definition
adaptation.
Term
In the Australian market, rather than manufacturing disposable diapers, Proctor & Gamble decided to import them since the size of the market did not warrant local manufacturing according to P&G. Unfortunately, by using packaging designed for the Asian region with non-English labeling, P&G alienated its customers in Australia. This is an example of improper:
Definition
product policy decisions.
Term
A ____________ is a name, term, sign, symbol, or combination of them which is intended to identify the goods and services of one seller or group of sellers and to differentiate them from those of competitors.
Definition
brand
Term
Brand-name awareness, perceived quality, and other associations invoked by the brand name in the customer’s mind are all illustrations of the concept called _______________.
Definition
brand equity
Term
7. this change in dependability and durability is representative of which type of product modification?
Definition
Quality modification
Term
26. David and kathy are trying to decide where to go on vacation, david has suggested a cruise, Since neither of them have been on a cruise before, they will be unable to assess the ____ of a cruise....
Definition
experience quality
Term
28.Community Trust bank has always prided on the friendlieness of its employees, however the results of a recent mystery shopper study indicated that the bank rarely greetd customers or thanked them after the transaction, as a result, all bank employee who have customer contact are going through a training program to enhance customer service what unique aspect of services is community trust attempting to address?
Definition
intangibility
Term
31.McKesson wholesalers provides healthcare products to pharmacies. It purchases bandages, gauze, anitbacterial cream, and ointments from a variety of different manufacturers and resells them to pharmacies so that many of the items a customer might for a cut will be available in the store McKesson is aiding consumers by overcoming______
Definition
discrepancy of assortment
Term
38. which of the following statements concerning how market factors affect channel decisions is true?
Definition
industrial customers tend to buy in larger quantities and require more customer service
Term
42. walmart posseses
Definition
channel power
Term
43. channel conflict
Definition
is often caused by an inability of some channel members to keep up with changing times
Term
45. Polo brand apparel can be purchased through fine department stores nationwide, however, polo apparel can also be purchased through polo stores, which creates the potential for ___conflict in the channel of distribution
Definition
horizontal
Term
47. which of the following businesses is most likely to have a problem with distribution because production and consumption of the product occurs simultaneously?
Definition
a soft drink bottler
Term
48. you are responsible for physical distribution of your company's service and should focus on
Definition
minimizing wait times, managing service capacity, and providing delivery through distribution channels
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