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Advertising Test/Exam 7 General Test Questions & Answers Advertising: Chapter 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 | Final Exam 01 02 | Advertising Plan | Advertising Terms How is the effectiveness of a campaign, after it runs, evaluated? tracking How does an advertiser know that its campaign has succeeded in reaching its target audience? A change in awareness occurs. Market share increases. traditional planning process with four main elements: 1. Situation analysis 2. Marketing objectives 3. Marketing strategy 4. tactics of action programs top-down marketing What must researchers do to get hard numbers about specific marketing situations? quantitative research What is another name for qualitative research? motivation research Which one of the following is a characteristic of a focus group session? It is viewed from behind a one-way mirror. What can researchers ascertain from scanning Universal Product Codes? which products are selling and how well Researchers ask customers about their thoughts and feelings by using a(n) ______, survey What type of tests show the potency of message components, such as size or color? recall plan that directs company's marketing effort marketing plan Which of the following is an important attribute in survey questions? Brevity factual statement of org's current situation & how it got there situation analysis The creation of synergy is the main benefit of integrated marketing communication (IMC). True The advertising pyramid reflects the traditional mass-marketing approach True after assessing company's situation, writer of marketing plan prepares analysis that ID brand's or product's strengths, weaknesses, opportunities, & threats SWOT analysis goals of company stated in terms of profit or return on investment corporate objectives goals of marketing efforts that may be expressed in terms of needs of specific target markets & specific sales objectives marketing objectives marketing objective that shifts mgmt.'s view of org. from producer of products or services to a satisfier or target market needs need-satisfying objectives marketing objectives that relate to company's sales. They may be expressed in terms of total sales volume; sales by product, market segment, or customer type; market share; growth rate of sales volume; or gross profit sales-target objective statement of how company is going to accomplish its marketing objectives Marketing strategy association of brand's features & benefits with particular set of customer needs, clearly differentiating if from competition in mind of customer. positioning progressive stages in life of product - including intro, growth, maturity, & decline - that affect way product is marketed & advertised product life cycle specific short-term actions that will be used to achieve marketing objectives Tactics Name the concept that marketers of a new product often use that involves examining important markets and dedicating resources to the ones that will allow it to attain promotional superiority. dominance concept Of the five Ms that are pretested and posttested by a company, which of the following is outside a company's control? Motives in relationship marketing, customers, employees, centers of influence, stockholders, financial community, & press. Different _____________________ require different types of relationships stakeholders opposite of standard, top-down marketing planning, _______________ focuses on one specific tactic & develops it into overall strategy bottom-up marketing creating, maintaining & enhancing long-term relationships with customers & other stakeholders that result in exchanges of info & other things of mutual value relationship marketing ratio of perceived benefits to price of product value total sales or profit value of customer to marketer over course of that customer's lifetime Lifetime customer value (LVC) effect achieved when sun of parts is greater than that exchanged from simply adding together individual components synergy merchandising method that uses special displays on shelving at end of aisle in store endcap promotion the process of building & reinforcing mutually profitable relationships with employees, customers, other stakeholders, and general consecutive contact with Integrated marketing communications (IMC) traditional marketing communications messages, including advertising, sales promo, publicity, & personal selling. These messages have least impact b/c they are seen as self-serving planned messages messages communicated by a product, its packaging, price or distribution elements product messages factual statement of org's current situation & how it got there situation analysis after assessing company's situation, writer of marketing plan prepares analysis that ID brand's or product's strengths, weaknesses, SWOT analysis What are used to determine how effectively a campaign creates a favorable image for a company? attitude tests To influence customers' perceptions, marketers must understand that every corporate activity has a message component. True What is the first step in the traditional top-down marketing plan? Conducting a situation analysis Which of the following states how a firm is going to accomplish its marketing objectives? Marketing strategy Within a timeframe of five to seven years Orco Construction Supply, a regional distributor of tools and hardware to framing and foundation contractor markets, plans to hit a revenue mark of $500 million which will more than double its 2017 gross sales. This would be an example of a(n) _____ objective. sales-target In February 2017, Light Full Foods Inc. in San Francisco developed Light Full Satiety Smoothies, which are shelf-stable, target market Randall Grahm, the owner of Bonny Doon Vineyards, made a name for his wines by injecting an irreverent sense of humor into everything associated with the winery. One of the _____ he used was to host a black mask dinner this fall to celebrate 'the death of wine corks' when his company decided to use screw tops. action programs Harry & David is a catalog retailer that specializes in fruit gifts, but it does not see itself as just a merchant of fruit. By setting _____ objectives, the retailer views itself as a gift provider and acts accordingly. need-satisfying Which type of brand message is exemplified by negative posts on a company's Facebook page? Unplanned Clos du Bois wine pursues an advertising campaign that targets the gay and lesbian community. Its ad in gay publications features a wine cork emblazoned with the Gay Pride rainbow. Gay publications are examples of _____ for Clos du Bois wine. stakeholders What should be the advertising manager's first step when asked to develop an advertising plan? Reviewing the company's marketing plan Mood-lites are colored light bulbs that were developed according to research on how colors affect moods. In allocating funds for advertising the new light bulbs, the manufacturer decided to budget 5% of last year's sales for advertising expenditures. Which allocation method was the manufacturer using? Percentage-of-sales It is cheaper to conduct primary research in foreign markets than to do so in domestic markets. False Unlike quantitative research, qualitative research is used by marketers to perform what function? obtain a general impression of the market Consumers are urged to have open discussions with interviewers in ______. qualitative research What is the name of an intensive research technique involving a half dozen or more members of a particular market discussing a product? focus group Arrange the following in the sequence that they are measured in the BrandAsset Valuator model. 1. differentiation 2. relevance 3. esteem 4. familiarity What can be used to measure cause-and-effect relationships? the experimental method. When using a sampling method, a company's research must reflect _____ of prospective customers. the universe Which of the following is an important attribute in survey questions? brevity What is one challenge related to research conducted in international markets? It’s more expensive than domestic research. What issues must marketers consider carefully when conducting primary research? whether the research is valid and reliable Messages resulting from employee interactions with customers. There messages typically have greater impact that planned messages. service messages Messages that emanate from gossip, unsought news stories, rumors, or major disasters. Companies have little control over unplanned messages Plan that directs company's advertising effort. Natural outgrowth of marketing plan, it analyzes situation, sets advertising objectives, advertising plan Advertising objective declares what advertiser wants to achieve with respect to consumer awareness, attitude, & preference. Advertising strategy described how to get there. It consists of 2 sub strategies: creative & media strategy advertising strategy Written statement that serves as creative team's guide for writing & producing ad. creative strategy Document that helps media planners determine how messages will be delivered to consumers. It defines target audience, communication objectives that must be achieved, & characteristics of media that will be used for delivery of messages media strategy Method of advertising budget allocation based on percentage of pervious year's sales, anticipated sales for next year, or combo of the two. percentage-of-sales method Method of allocating advertising funds based on determining the firm's goals for certain share of market & then applying slightly higher % share-of-market (share of voice) method Method of determining advertising allocations that defines objectives & how advertising is to be used to accomplish them. It has three steps: 1. defining objectives 2. determining strategy 3. estimating cost objective (task) Method When using sampling methods, researchers choose from the universe a(n)___________ that they expect will represent the population's characteristics. sample What are the four most common types of survey questions? open-ended dichotomous scale multiple choice To obtain better research results, what should be used in conjunction with focus groups? surveys Name the research method used when customers are questioned through personal interviews, by telephone, by mail, or on the Internet? surveys What requirements are needed when conducting quantitative research? formal design rigorous standards for collecting data When interpreting and reporting findings, tables and graphs should be ______. explained using everyday language What does MIS refer to? a marketing information system Thoughtfully planned but freely structured questions help interviewers explore respondents' inner feelings in a(n) ______. in-depth interview What is used to gain information about the market, the competition, and the business environment and to gain a greater understanding of the problem? informal research When doing research for print ads, direct questioning is often used at what stage? pretest What is one of the advantages of the Universal Product Code label? It allows timely inventory control. Advertising: Chapter 01 02 03 04 05 06 07 08
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16 | Final Exam 01 02 | Advertising Plan | Advertising Terms
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