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LSU MKT 3401 Final (Karam)
LSU Marketing 3401 Final (Karam)
32
Marketing
Undergraduate 3
05/03/2012

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Cards

Term
1. What is a TV advertisement less than 5 seconds long called?
Definition
Adlet
Term
2. In the WSJ article who is Diageo marketing their vodka to?
Definition
African Americans
Term
3.In the WSJ article in which Diageo creates their own show whom is Diageo marketing their vodka to?
Definition
Minorities
Term
4. In the WSJ article, what is L’Oreal trying to do?
Definition
Rebrand
Term
5. In the WSJ shopping article what percentage of sale coupons are used?
Definition
2-2%
Term
6. In the WSJ shopping article what percentage of coupons for free food is used?
Definition
30-40%
Term
7. In the Article Light Camera Advertising (I’m not sure the exact title, but it was something like that) what new method of advertising is revealed?
Definition
B) Product Placement in Television Shows
Term
8.What are the elements of Negotiation?
Definition
**Preparation, Interests, Options, Alternatives
Term
9.Which of the following was mentioned in the niche-marketing article?
Definition
**Control Distribution Costs
Term
10. Public Relations Consists of What?
Definition
**Media Relations, Community Relations
Term
11. In the Harley Davidson Article, Harley targets which geographic location(s)?
Definition
All of the above (India, China, Latin America)
Term
12) Sponsorships Fail because of what?
Definition
**Ambush marketing
Term
13) What is the purpose of a Point of Purchase Display?
Definition
**Drives traffic, advertising, and impulse buying
Term
15) Know the Price Strategies and the Pricing Tactics (multiple questions)
Definition
**Pricing Strategies
• Penetration Pricing
• Price Skimming
• Status Quo
**Pricing Tactics
• Bundling
• Odd/Even pricing
• Rebates
• Discounts
• Loss leader
• Professional Pricing
• Prestige Pricing
• Single Price
Term
16) What are the 5 steps to personal selling?
Definition
• Preparation
• Great presentation
• Anticipate and handle objections
• Close the sale
• Follow up
Term
17) Which of the following not a form of sales promotion?
Definition
Billboards
Term
18) Which of the following is a benefit of sponsorship?
Definition
Exclusivity
Term
19) Which of the following price strategies starts the price out low as for easy entry into the market?
Definition
Penetration Pricing
Term
20) What elements does the Market Analysis consist of?
Definition
**Company, customer, competition and conditions
Term
21) Which of the following do companies not look at when hiring?
Definition
**Past Work Experience
Term
22) Know the 3 types of targeting
Definition
**Mass market, multi-segment, and niche marketing
Term
23) Know the 4 elements of Implementation
Definition
**Product, Price, Place, Promotion
Term
24) What does the Marketing Mix consist of?
Definition
**Product, Price, Place, Promotion
Term
25) What is the formula for Success?
Definition
**Winning = Performance + Personality + Visibility
Term
26) What are the three objectives of branding?
Definition
**Identification, Repeat Sales, Introduction of New Product
Term
27) What is another name for psychological pricing?
Definition
**Odd/Even pricing
Term
28) What is the Purpose of Lost Leader Pricing?
Definition
**Lure customers into store with cheap name brand product so they will purchase other products
Term
30) What is it called when companies sell two or more products together for one price?
Definition
**Bundling
Term
31) Why are the Black Eyed Peas successful?
Definition
Sponsorship
Term
32) What new chain of stores is Starbuck’s introducing?
Definition
Juice Bars
Term
33) Which of the following is not part of the Product Life Cycle?
Definition
Development
Term
34) When dealing with persuasion continuum, what is most important?
Definition
**Do not offend in your attempt to persuade
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