Bus 475 Week 2 Knowledge Check

1541 Words7 Pages
Week 2 Knowledge Check Score: 19/19 Concepts Mastery Questions MARKETING CONCEPT 100% 1 ADVERTISING STATEMENTS 100% 2 NEW PRODUCT PRICING 100% 3 INTEGRATED MARKETING COMMUNICATIONS 100% 4 SOCIAL RESPONSIBILITY 100% 5 FINANCIAL MARKET PARTICIPANTS 100% 6 FUTURE VALUE 100% 7 NET PRESENT VALUE 100% 8 COST OF CAPITAL 100% 9 FOREIGN EXCHANGE RISK 100% 10 SUPPLY AND DEMAND 100% 11 AS AND AD MODEL 100% 12 MONETARY POLICY 100% 13 DEFICIT 100% 14 BALANCE OF PAYMENTS 100% 15 SHIFTS IN DEMAND 100% 16 ECONOMIC AND TECHNICAL EFFICIENCY 100% 17 PROFIT MAXIMIZATION 100% 18 COMPARATIVE ADVANTAGE 100% 19 Concept: MARKETING CONCEPT Concepts Mastery Questions MARKETING CONCEPT 100% 1 1. Compared with other approaches to business, the marketing concept is distinct in that it A. focuses on sales B. produces new products and services C. creates a broad assortment of products D. focuses on satisfying customers' needs The correct answer is: D. Correct! Concept: ADVERTISING STATEMENTS Concepts Mastery Questions ADVERTISING STATEMENTS 100% 2 2. A company provides its advertising agency with a statement about a new product to use in designing an advertising campaign, and this statement includes a description of the target market, the product type, the primary benefits of using the product, and how this product is different from, and better than, competitive products. What type of statement is this? A. Qualifying B. Positioning C. Determining D. Clustering The correct answer is: B. Correct! Concept: NEW PRODUCT PRICING Concepts Mastery Questions NEW PRODUCT PRICING 100% 3 3. The sales analysis of a product revealed that profits were highest when it was initially introduced into the market with a high selling price. However, the price was gradually reduced as it started facing competition as substitutes
Open Document