Exam 2: Roles of Advertising

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As a ________ of society, advertising has run into some serious opposition.

(Multiple Choice)
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The key motivation in the product-differentiation strategy is:

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If you were in an agency that focused on creating advertising to help doctors, lawyers and bankers do their jobs even better, your agency would be practicing:

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Match of the following
One of the most valued assets of the company, this is what customers recognize and respect.
public relations
A research technique that addresses the various ways a consumer perceives a product when making a purchase and considers the many individual elements that, together, determine consumer preference.
brand name
This type of advertising speaks to an organization's work views and problems in order to gain public goodwill and support rather than to sell a specific product.
conjoint analysis
Correct Answer:
Verified
Premises:
Responses:
One of the most valued assets of the company, this is what customers recognize and respect.
public relations
A research technique that addresses the various ways a consumer perceives a product when making a purchase and considers the many individual elements that, together, determine consumer preference.
brand name
This type of advertising speaks to an organization's work views and problems in order to gain public goodwill and support rather than to sell a specific product.
conjoint analysis
Diet Vanilla Coke and Bic lighters are examples of this.
retail advertising
The guiding principle of an advertising plan, it looks at basic demographic data as well as the social, cultural, and psychological characteristics that predict purchase behavior.
prospect identification
The circumstance in which unique product attributes are regarded by the target audience as different from others in the category.
problem-solving function
One of fastest growing categories of advertising, this is often not seen by the average person.
on-demand
Manufacturers use this type of business communication to promote products to wholesalers and retailers.
trade promotions
This is a primary factor in a typical marketing plan; it outlines the general course of action for achieving goals and objectives.
trade advertising
Also referred to by the term local, it has been strongly affected by the move from local and regional stores to national chains operating throughout the country.
brand extensions
Perceived as having higher audience credibility than traditional advertising, this type of communication is directed at various internal and external audiences to create an image for a corporation.
marketing strategy
Because some industries are so similar (and often legally regulated), it is difficult to differentiate between competitors without using this type of advertising.
product differentiation
Rarely seen by consumers because it is directed at wholesalers and retailers, this marketing technique can damage brand equity because of the emphasis on price.
corporate advertising
The role of advertising that focuses on providing information prospective customers about products and services that will satisfy their utilitarian and hedonistic needs and wants.
B2B
Measures revenues against expenditure of resources, or how many dollars are produced for every dollar spent.
ROI
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To be more effective, service advertising should:

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This circumstance is only meaningful when a target audience regards the product as being distinctly better than other products.

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The value of a particular marketing function is often expressed as ________, that is, how many dollars are produced for every dollar spent.

(Short Answer)
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When a product is in its introductory and growth phase:

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When Coca-Cola Company wants to introduce a product such as Vanilla Coke, it is involved in:

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When it comes to preferences corporations have for a channel of communication, it is becoming more apparent that many are:

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One of the driving forces in modern advertising is:

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Market share has not been shown to be one of the primary contributors to return on investment.

(True/False)
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Which of the following companies has been identified as adopting a bottom-up, consumer centric model of product development and maintenance?

(Multiple Choice)
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The traditional marketing channel has been changing recently due to:

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Consumer privacy and the potentially intrusive nature of advertising are issues that have become more prominent because of new technology and sophisticated research methods.

(True/False)
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Which of the following is an indication of just how much technological convergence can impact how advertising is delivered?

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Conglomerates have been doing more and more of what kind of advertising to make the public aware of their products and brand names?

(Multiple Choice)
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Yield management offers "each customer a different price at a different point in time."

(True/False)
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Adapting a top-down model that provides customers products a company hopes they want is the way a successful company like Procter & Gamble operates.

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Brand building is about sustaining price premiums: advertising influences price more than it influences sales.

(True/False)
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