Question

(3)       A Breakeven Analysis is a powerful management tool, and one that is critical in planning, decision-making,...

(3)       A Breakeven Analysis is a powerful management tool, and one that is critical in planning, decision-making, and expense control. It can be invaluable in determining whether to buy or lease, expand into a new area, build a new plant, and many other such considerations.

           T                F

(4)       According to the segmentation process, a market segment should be:

a.Measurable.

b.Differentiable.

c.Accessible.

d.Substantial.

e.ALL OF THE ABOVE.

f.NONE OF THE ABOVE.

(5)       What specifically is a break-even analysis and how is this tool important in our marketing efforts?

(6)What is a SWOT Analysis and how might a Marketing Manager utilize this in their efforts?

(7)       To really understand the answers to questions like, “Which customers are most profitable?, Is the commission or bonus structure in each sales area fair and consistent?, What products are providing the best return?, a Marketing Manager better get acquainted with an important, yet simple tool called – Contribution Analysis.     T          F

(8)       Please explain what is meant by a market opportunity analysis:

(9)     What are the key components in a Marketing Plan and how is this used by a  

           Marketing Manager?

(10)     A marketing mix typically encompasses activities controllable by the

           organization. These include the kind of product, service, or idea offered

           (product strategy), how it will be communicated to buyers communication

           strategy), the method for distributing the offering to buyers (channel

           strategy), and the amount buyers will be will pay for the offering (price

           strategy).               T                      F

(11)     What is meant by DECIDE in marketing decision making?

(12)     The strategic alternatives of a company are influenced by a number of factors. The factors that a Marketing Manager must consider are three types: external, financial, and internal.            T          F

(13)     Strategic Planning is the process which involves the review of:

a.Market Conditions

b.Customer Needs

c.Competitive Strengths and Weaknesses

d.Sociopolitical, Legal and Economic Conditions

e.Technological Developments

f.Resource Availability

g.ALL OF THE ABOVE

h.NONE OF THE ABOVE

(14)     What are the 4 things that a Marketing Plan does for an organization – if done correctly?

(15)What is meant by segmentation and how can this benefit a company in regards to their marketing efforts?

     (16)      The major benefits to a S.W.O.T Analysis are:

a.Simple to use.

b.Reduces the costs of strategic planning.

c.Flexible.

d.Integrates and synthesizes diverse information.

e.Fosters collaboration among managers of different functional areas.

f.ALL OF THE ABOVE.

g.NONE OF THE ABOVE.

(17)     What are the 3 predominant areas of a market opportunity analysis that we must take into consideration as Marketing Managers?

(18)     The ultimate goal of any segmentation process is to allow us to position our offering in the marketplace in the most strategic fashion.         

      T                F

(19)     Positioning is the act of designing an organization’s offering and image so that it occupies a distinct and valued place in the target customer’s mind relative to competitive offerings. T                      F

(20)     What is meant by brand equity and how is this achieved through our marketing efforts?

           

(21)     Factors that can influence our efforts in establishing our promotional

           campaign are:

a.   Type of product and market.

b.Push vs. Pull Strategy.

c.Buyer readiness stage.

d.Product Life Cycle Stage.

e.ALL OF THE ABOVE.

f.NONE OF THE ABOVE.

(22)What is meant by IMC and what are the steps involved in developing

an effective one?

(23) It is vital that a Marketing Manger state their promotional objective prior to generation of any promotional efforts. If you do not accomplish this task it makes it extremely difficult to measure the effectiveness of your overall campaign.               T                      F

(24)     What are some positioning strategies that a Marketing Manager can

            utilize in their pursuit of a strategic advantage?

(25)     What strategy should Jones Blair have adopted to reach the segment(s)

            sought?

Homework Answers

Answer #1

3. True

Explanation: Break-even analysis helps in understanding the future prospect of any investment. It helps us know when the costs of the investment would be recovered and the investment would begin to be profitable.

4. E. All of the above.

Explanation: In market segmentation, the entire market is divided into smaller segments on the basis of various factors. A market segment should be Measurable, Substantial, Accessible, Differentiable, and Actionable.

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