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Saturday, 9 March 2013

MGT603 SOLVED MID TERM PAPERS


There are two most important psychological factors that impact consumer decision-making process, first one is product knowledge and select second one according to your expertise.

Product Involvement          
Product Marketing              
Product Strategy              
 Product Price
 Which of the following sketch is the most important thing for sellers to their customers for using target market techniques?
Biographical        
 Geographical           
 Ecological                
  None of the given options
The best thing about using target marketing techniques is that sellers have a biographical sketch of their customers.

  Which of the following defines the amount of income left to an individual after taxes have been paid, available for spending and saving?
Disposable personal income         
 Discretionary income            
Personal income           
Tax deductible income

 Which of the following is the basis of geographic segmentation of consumer markets?
States, countries and cities           
 Income, occupation and education         
Loyalty status and readiness status toward product
Lifestyle and personality

 Identify the stage of economic development in which low poverty and high illiteracy country belongs.
Traditional society         
 Pre-conditions for take-off         
 The drive to maturity              
 High Mass
Consumption
Traditional Societies
Countries in this group are in endless quagmire of enormous poverty, low productivity & high illiteracy

  In which of the following economic development stage infrastructure development is the first?
Traditional society      
Pre-conditions for take-off          
The drive to maturity             
High Mass Consumption
Pre-conditions for take-off
Advances in sciences & technology enter the agriculture sectors. First steps are taken to
develop infrastructure.

  The choice and importance of the market entry mode depends on a number of factors. Which of the following is normally Not a relevant factor?
Level of involvement       
Level of risk and control           
Speed of entry       
 Demographics       
  Each segment has its own distinct profile defined in terms of a number of criteria referred to which of the following?

Variations        
 Variables                   
Segments                  
Multiples
The democracies, dictatorships & communist dictatorships belong to which of the following economic condition variable?
Economic System        
 Political setups              
Political Risk                
Economic setup

Political Conditions:
- Political variables form another basis for country segmentation.
- Economic System - Free market, mixed or centrally planned.
- Political setups - Democracies, dictatorships, communist dictatorships & monarchies
- Political Risk

  Select best description why international marketers focus on segmentation?
To identify their similar need           
  To identify their countries        
 To identify their best location
To identify their modern behavior
Market segmentation is the process in marketing of dividing a market into distinct subsets (segments) that
behave in the same way or have similar needs.

 Which of the following is NOT considered in the evaluation criteria of market segmentation?
Segment size & growth            
 Segment s structural analysis    
 Company s objectives & resources
Company resources and capabilities   p82

When customers/consumers may have too narrow image of any brand, is distinguish in which of the following way?
Under positioning     
  Over positioning         
Confused positioning           
Doubtful positioning

  Which of the following scheme can be useful to the marketing manager as an analytical device to assist in planning marketing strategy and programs?
Product classification       
  Purchasing         
  Sole sourcing              
Extended product

  Which of the following statements is true about the marketing strategies used during various stages of the product life cycle?
Sales promotions are not used during the maturity stage of the product life cycle
Advertising is emphasized during the decline stage of the product life cycle
Pricing is always low during the decline stage of the product life cycle
A defensive strategy is adopted during the maturity stage of the product life cycle

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