QUESTION 41 One configuration of a marketing channel entails producers selling to consumers with no intermediaries This is called a:   a. limited distribution system   b. conventional channel   c. direct channel   d. vertical marketing system

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Author:WINSTON, Wayne L.
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QUESTION 41

  1. One configuration of a marketing channel entails producers selling to consumers with no intermediaries This is called a:
 

a.

limited distribution system

 

b.

conventional channel

 

c.

direct channel

 

d.

vertical marketing system

QUESTION 42

  1. Market/Product positioning seeks to put a product in a certain position in
 

a.

supermarket shelves

 

b.

minds of consumers

 

c.

company’s cost structure

 

d.

company’s human resources

QUESTION 43

  1. Domino’s pizza sales revenues were $10 billion in 2016 with a market share of 15% of the revenues of the entire US pizza industry. Therefore the revenues of the entire US pizza industry were about
 

a.

$20 billion

 

b.

$55 billion

 

 

c.

$67 billion

 

d.

$80 billion

QUESTION 44

  1. The process of market segmentation includes
 

a.

Developing the profile of a representative customer for each market segment

 

b.

Forecasting the market potential of each market segment

 

c.

Forecasting the market share for each market segment

 

d.

All of the above

QUESTION 45

  1. An advertising campaign in the USA by Godiva that will cost $5 million dollars is expected to result in additional sales of 200 000 boxes of chocolate for a net profit of $20 per box of chocolates after subtracting all other costs except advertising costs. Therefore it is profitable for Godiva to
 

a.

advertise

 

b.

not advertise

 

c.

we do not know from the above information

 

d.

None of the above

QUESTION 46

  1. The basic characteristic of a simple random sample of BMCC students is
 

a.

every student in the relevant BMCC population has equal probability of being selected

 

b.

all possible students of the BMCC population have provided information

 

c.

100 percent of all BMCC subgroups have been specifically selected

 

d.

none of the above

QUESTION 47

  1. Consumers choose which products and services to buy so that they may
 

a.

buy the cheapest products independently of their needs

 

b.

save money

 

c.

maximize their satisfaction

 

d.

all of the above

QUESTION 48

  1. The fact that customers are willing to pay a higher price for the Pantene shampoobrand bottle compared to the Walgreens pharmacy shampoo brand bottle is an example of 
 

a.

Extra cost for building a brand in the marketplace

 

b.

Brand equity

 

c.

Intense competition in the shampoo industry

 

d.

The consumer decision-making process

 

QUESTION 49

  1. Currently, the vacation home market is dominated by AirBnB. Among the people looking for vacation rentals, is a particular limited group of people interested in renting farms. Therefore the market segment that is focused on farm vacation rentals may be considered as
 

a.

a product mix

 

b.

a niche market

 

c.

a trademark

 

d.

an ethnocentric group of people

QUESTION 50

  1.  

Currently, market penetration for smartphones, is about 99% of the target market. Therefore we should expect at best

 

a.

High annual sales growth for companies in the smartphone industry

 

b.

Low annual sales growth for companies in the smartphone industry

 

c.

High annual profit growth for companies in the smartphone industry

 

d.

Many new companies entering and mareting new smartphones in this industry

 

 

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