Exam 2: Strategic Planning for Competitive Advantage

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In the portfolio matrix,a _____ is in a low-growth market,but the product has a dominant market share;it is an SBU that generates more money than it needs to maintain its market share.​

(Multiple Choice)
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Which of the following activities is carried out during implementation of a marketing plan?

(Multiple Choice)
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An organization is most likely to opt for a market development strategy to boost sales of a new product.

(True/False)
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The basic goal of _____ is to increase the short-term cash return without too much concern for the long-run impact.​

(Multiple Choice)
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A diversification strategy can be risky when a firm is entering unfamiliar markets.

(True/False)
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__________is a thorough,systematic,periodic evaluation of the objectives,strategies,structure,and performance of the marketing organization.

(Short Answer)
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Strategic planning:

(Multiple Choice)
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Jove is a chocolate manufacturing company in Harrington City.While most of its competitors produce not more than three basic varieties of chocolates,Jove sells over 50 different varieties of flavored chocolates.This gives them an edge over other chocolate makers in Harrington City.Which of the following concepts is illustrated in the scenario?

(Multiple Choice)
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Issues such as product lines,promotional communications,and pricing are all delineated in the _____.​

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Imitating a rival's competitive advantage requires the company to first identify the rival's competitive advantage.

(True/False)
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Discuss the general strategies for selecting target markets.

(Essay)
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Which of the following statement is true about the price component of a marketing mix?

(Multiple Choice)
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Individuals in the age group of 12 to 18 years,who extensively use the internet is an example of a market segment.

(True/False)
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In the portfolio matrix,a__________is in a low-growth market,but the product has a dominant market share;it is an SBU that generates more money than it needs to maintain its market share.

(Short Answer)
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Revel Inc. ,a cell phone manufacturer,launched its new range of smartphones that could only be purchased on the company's official Web site and not at retail outlets.This limitation may be attributed to the _____ element of Revel's marketing mix.​

(Multiple Choice)
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Which of the following can be considered as a business opportunity in the context of SWOT analysis?

(Multiple Choice)
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In the context of marketing planning,implementation requires:

(Multiple Choice)
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Delta Corp.is a large corporation that offers several product lines.On the company's Web site,the following content is highlighted: "The aim of our business is to achieve profitability by offering our customers high quality products that are manufactured in a cost effective manner.Our goals are to provide value to our customers,serve the community,and preserve the environment." This content is most likely to be Delta's:

(Multiple Choice)
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Revel Inc. ,a cell phone manufacturer,launched its new range of smartphones that could only be purchased on the company's official Web site and not at retail outlets.This limitation may be attributed to the__________element of Revel's marketing mix.

(Short Answer)
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Which of the following is a distinct feature of a product/service differentiation competitive advantage?

(Multiple Choice)
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