Multiple Choice Identify the choice that
best completes the statement or answers the question.
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1.
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The _____ serves as a guideline for decisions
concerning the firm’s product portfolio, packaging, and the quality management of the total
product.
a. | product policy | b. | product mix | c. | corporate
policy | d. | marketing mix | e. | marketing strategy |
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2.
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The parts of value creation and generation
processes that take place in the presence of the customers are
a. | of no importance. | b. | can be replaced without consequences. | c. | are less important than the invisible parts. | d. | below their line of visibility. | e. | above their line of visibility. |
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3.
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The basic version of a product is called
the
a. | potential product. | b. | elementary product. | c. | augmented
product. | d. | expected product. | e. | core product. |
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4.
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In international marketing the features expected by
potential customers from different country-markets
a. | are of no major importance. | b. | just vary in importance. | c. | just vary in
composition. | d. | vary in
composition and importance. | e. | do not vary in
composition and importance. |
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5.
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When the potential customers are rather affluent
relative to the price of a product or when they perceive the offered products as being largely
similar, emotional attraction becomes more important in their buying decision. ____ of a product can be decisive.
a. | ‘Core’ features | b. | ‘Fundamental’ features | c. | ‘Basic’ features | d. | ‘Generic’ features | e. | ‘Symbolic’ features |
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6.
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If a supply is highly important to the _____ of a
business customer, the international marketer will need to closely follow the exact specifications of
the customer in order to stay in business.
a. | attitude | b. | production | c. | core
competence | d. | corporate
identity | e. | marketing
competence |
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7.
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A company’s ______ defines the global
differentiation of its products from their major competitors. That is, the central benefit of each
product is to be determined independently of the country-markets to be served.
a. | corporate strategy | b. | international vision | c. | international
mission | d. | corporate identity | e. | international product positioning |
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8.
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The use-need model evaluates the market need that
is met by a given product as well as how the product is used. Which of the following combination
should be applied if buyer need is the same and the use condition different?
a. | Same product – same
promotion | b. | Same product – adapt
production | c. | Same product
– adapt promotion | d. | Adapt product
– same promotion | e. | Adapt product
– adapt promotion |
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9.
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When customers in an international product-market
use a product the same way but differ in the benefits they expect the marketer may choose a policy
of
a. | adaptive individualization | b. | collaborative individualization | c. | cosmetic individualization | d. | common individualization | e. | corporate
individualization |
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10.
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The product lifecycle consists of four stages.
Consequently, one of the following elements is NOT a lifecycle stage. Which one?
a. | Introductory | b. | Acceleration | c. | Growth | d. | Maturity | e. | Decline |
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11.
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Persons or organizations which may be considered as
more innovative or more sensitive concerning the firm’s product categories are
called
a. | leaders. | b. | lead companies. | c. | lead
persons. | d. | lead actors. | e. | lead customers. |
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12.
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Which one of the following sentences does NOT
fit? A good name must
a. | sound appropriate in the languages of the
country-markets to be served. | b. | spark associations
that are both pleasant and express the meaning of the product or its most important
benefit. | c. | stand out. | d. | have an emotional impact. | e. | impress competitors. |
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13.
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A brand may be protected by
a. | high quality. | b. | counterfeiting. | c. | trademark
registration. | d. | excellent
advertising. | e. | appointing trade
mark monitoring agencies. |
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14.
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The abbreviation FMEA stands for
a. | Failure Mode and Effect
Analysis | b. | Failure Modification and Effect
Analysis | c. | Failure Modification and Error
Analysis | d. | Failure Mode and Error
Analysis | e. | Failure Modification and Experience
Analysis |
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15.
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One of the following elements is well suited to
take over the role in diminishing potential customers’ perceived risk in buying a product.
Which one?
a. | Shareholder value | b. | References | c. | Financing | d. | Complimentary
products | e. | Supplementary
products |
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