Preview

What Should Most Likely Be The Goal Of All Marketing Channel Members?

Satisfactory Essays
Open Document
Open Document
435 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
What Should Most Likely Be The Goal Of All Marketing Channel Members?
1) Which term refers to a set of independent organizations involved in the process of making a product or service available for use or consumption?
A) value chain
B) supply chain
C) marketing channel
D) wholesale consortium
E) multinational enterprise

2) A marketing channel strategy is a set of activities focused on designing and managing a marketing channel for the purpose of ________.
A) expanding a firm’s position in niche markets
B) improving a firm’s sustainable competitive advantage
C) minimizing difficulties with global distribution centers
D) evaluating marketing expenses in order to find cost savings
E) modifying the marketing mix to extend the product life cycle

3) A ________ is a channel member that takes the primary role of establishing and maintaining channel links.
A) channel intermediary
B) wholesaler
C) sub-processor
…show more content…
A) moving products to retailers
B) expanding sales territories
C) reducing distribution errors
D) satisfying end-users
E) promoting products

5) Which statement is most likely true about a marketing channel system?
A) Firms in the marketing channel typically work independently.
B) Modifying a channel system is usually a simple, inexpensive task.
C) Marketing channels represent a very small portion of the world’s business.
D) Most marketing channel systems are easily duplicated by other firms in an industry.
E) Efficient marketing channels reduce distribution costs and increase customer satisfaction.

6) What is the most likely outcome of an ineffective marketing channel strategy?
A) limited product reach
B) too many channel captains
C) quick product line maturation
D) excessive gatekeeper control
E) wasted marketing mix components

7) Sony produces televisions and computers and sells them through electronics stores. In a marketing channel, Sony would best be described as a ________.
A) trading company
B) manufacturer
C) wholesaler
D) distributor
E)

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Chap12 Ais

    • 1327 Words
    • 6 Pages

    13. An ________ is an independently owned intermediary connecting hundreds of online suppliers offering millions of maintenance and repair products to business firms who pay fees to join the market.…

    • 1327 Words
    • 6 Pages
    Satisfactory Essays
  • Better Essays

    Mkt 421 W2 Marketing Mix

    • 1487 Words
    • 6 Pages

    A marketing strategy is the combination of the target market, or the customers the marketing is intended to reach, and the marketing mix. Product, price, place, and promotion are components of the marketing mix, or the four p’s, which create a value for the customer (Perreault, Cannon, & McCarthy, 2009). For this reason, the customer, who is not part of the marketing mix, is the center of the target, surrounded by the elements of the marketing mix. The ultimate goal of a marketing strategy is to create value for the customer, which allows the organization to increase customer satisfaction and results in repeat customers and additional equity for the organization (Armstrong & Kotler, 2009).…

    • 1487 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Marketing Objectives

    • 1176 Words
    • 4 Pages

    (1) Shaun is a huge college football fan. In the past, he has always bought football tickets on the street from ticket scalpers. This year, he decided to join the university 's ticket program, which requires a $2,000 contribution to the university for the “right” to purchase tickets. Shaun will then pay $400 per season ticket. Shaun understands that the price paid for the season tickets is not tax deductible as a charitable contribution. However, contributions to a university are typically tax deductible.…

    • 1176 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Firstly, a marketing strategy is a plan that is used in the long term to achieve a business or organisations objectives. Furthermore, a marketing strategy may also be defined as a plan designed to meet marketing objectives. For example, a company may set the following marketing objective: “To be able to satisfy customers through our products.” The next step is the planning procedure otherwise known as the marketing strategy used to meet the business or organisations objectives. It is important that the terms: “marketing strategy” and “marketing technique” are understood clearly. Likewise, the term “marketing technique” may be defined as an overall plan designed to meet the needs and requirements of customers. A business should ensure…

    • 850 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    CH 2 Quiz

    • 350 Words
    • 3 Pages

    Target is an example of a trade reseller that buys products from manufacturers and other trade resellers in order to sell them to consumers. Given the structure of the advertising industry, Target is also a(n) ________ .…

    • 350 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Mark2051 Notes

    • 4723 Words
    • 19 Pages

    What is marketing strategy? The process of matching the organisation’s strengths to the customer needs, with the aim of achieving a competitive advantage in the market. The combination of product, price, distribution and promotion most suited to a particular group of consumers. • Goal: the create a sustainable competitive advantage in the market • All the elements of the marketing strategy that lead to the development of the competitive advantage require good understanding of consumer behaviour Marketing strategy process: • 1. Segment: understand consumers a. Determine the dimensions (age, geography, subculture) b. Determine the heterogeneity c. Define the needs & goals 2. Target: choose consumers a. Evaluate each segment in relation to organisational strengths and weaknesses b. Choose the segment with the highest potential for strategic match (organisation strength – customer needs) 3. Position: offer utility differentiate prevent copy a. Designing the company’s offering and image so they occupy a meaningful and distinct competitive position in the target customer’s minds Marketing Levers…

    • 4723 Words
    • 19 Pages
    Good Essays
  • Good Essays

    Mktg Exam 1

    • 2318 Words
    • 10 Pages

    7. Marketing strategies involve the activity of selecting or describing one or more target markets and developing and maintaining a marketing mix that will produce mutually satisfying exchanges with target markets. TRUE…

    • 2318 Words
    • 10 Pages
    Good Essays
  • Satisfactory Essays

    I n this paper I will give an overview of distribution channels. Channel Levels: Direct versus Indirect Distribution. Channel Organizations: Conventional, Vertical, Horizontal and Multichannel Marketing Systems. I will analyze my target market 's needs. Explain what I know about my target market and what they want from a channel of distribution.…

    • 488 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Mk411

    • 1913 Words
    • 8 Pages

    7. Marketing channels are sets of interdependent organizations involved in the process of making a product or service available for use or consumption. (TRUE)…

    • 1913 Words
    • 8 Pages
    Satisfactory Essays
  • Better Essays

    Marketing Plan: Phase Iii

    • 2489 Words
    • 10 Pages

    A clear vision and strategy has been developed for Gatorade’s new energy drink the Drive Energy Drink. With that said, the next step to developing the product is to determine the attributes, the product life cycle, and positioning and price strategy of the product. Knowing the right look and feel of the drink can increase sales and use of the product. How will the product be introduced to the consumers? How long will the product last on the market until new ideas will need to be developed? What position will the drink have in the market and how will it differentiate among its competitors? What prices will the product be sold at to withstand alleviation from the market? These are all questions that must be answered and properly addressed prior to the development of the Drive Energy Drink. Throughout this paper, Learning Team A will comment and strategize the next steps in developing the Drive Energy Drink…

    • 2489 Words
    • 10 Pages
    Better Essays
  • Powerful Essays

    Unit 3 P1

    • 1803 Words
    • 8 Pages

    A marketing strategy is a detailed plan of the marketing initiatives that a business intends to conduct during a set period of time. When supported by a constant system of evaluation, a marketing strategy will help a business to determine areas that need to be focused or which methods work best. In this information booklet I will be discussing the marketing strategies Tesco and Coca-Cola use to benefit their business.…

    • 1803 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    Human resource management

    • 802 Words
    • 4 Pages

    Which of these refers to the institutional arrangement by which a firm gets its products, technologies, human skills, or other resources into a market?…

    • 802 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    1. How are stores, catalogue, and Internet-based distribution channels alike or different in terms of the channel functions they perform?…

    • 413 Words
    • 2 Pages
    Good Essays
  • Better Essays

    The next two items to be discussed are channel levels and direct marketing channel and indirect marketing channel. The term channel…

    • 1405 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    1. Companies that search for customers and may negotiate on the producer’s behalf but do not take title to the goods are called ________.…

    • 1042 Words
    • 5 Pages
    Satisfactory Essays

Related Topics