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Saturday, October 2, 2010

Mkt610 Solved Data

Which one of the following options drives the utility of product?

Consumer

Customer and consumer

Buyer

Customer

Customer complaints are helpful for organization because resolution of complaints leads to stronger relationship. Following are the benefits of customer complaints EXCEPT:

Increase customer satisfaction

Create nuisance

Improve product efficiency

Improve sales services

Recognize which of the following is an acronym of TCCP.

Total customer convenience program

Total customer care program

Total customer commitment program

Total customer courtesy program

Customer services department is responsible of providing services at which time?

Before purchase and after purchase

At the time of purchase

Before purchase

After purchase

What happened immediately after World War II?

Values of customer service increased

Nothing happened

Power of supplier increased

Power of customer increased

Which one of the following statements is TRUE in context of customer relationship management (CRM)?

CRM is one of the smallest functions of many business functions

CRM is the only principal function of the firm to achieve customer satisfaction

A firm can practice marketing without CRM to achieve customer satisfaction

CRM is included in all the different business functions to achieve customer satisfaction

Which of the following is included in effective listening?

Confirming one understands a message

Showing biased behaviors

Filtering out points of disagreement

Criticizing on each point of the speaker

An organization's strengths and weaknesses are determined relative to which of the following?

Suppliers Competitors Government Customers

Which one of the following tasks is NOT concerned with strategy implementation?

Situational analysis Managing the process Responsibility of specific tasks Allocation of sufficient resources

Companies often fail to analyze brands, competitor s activities and pricing strategies that having impact on their products and customers. This statement reflects which one of the following failures of strategic plans?

Failure to obtain senior management commitment Poor communications Failure to coordinate

Inability to predict environmental reaction

Which one of the following concepts deals with the same product available in different weights?

Proliferation of labeling Proliferation of imaging Proliferation of packaging Proliferation of brand

The customer left to use the specific product because of late supplies of the product. This defection refers to which one of the following reasons?

Dissatisfied with the product Dissatisfied with the sales person Displeasure at the point of purchase

Dissatisfied with the elements of marketing mix

In property development, customer relationship is based on which of the following factors?

Attitudes Money Trust Convenience

Which one of the following sets MOST accurately describes public relations?

High cost, low credibility and low control High cost, high credibility and high control

High cost, low credibility and high control Low cost, high credibility and low control

All of the following statements are principles of communication EXCEPT:

Communication is a process Communication is verbal or non-verbal Communication is static

Communication is a system

The main public relations activities are:

Direct marketing Publicity and event management Print advertising Personal selling

Customized marketing program designed to build long-term relationships with individual customers is known as:

One to one marketing Telemarketing Advertising Direct marketing

Which of the following is a non-personal form of promotion that is delivered through selected media outlets that, under most circumstances, require the marketer to pay for message placement?

Advertising Word of mouth Direct mail Publicity

The term product should be broadly interpreted to encompass:

All intangible items Tangible items and issues All tangible items Information, services, ideas and issues

Customer relationship management is considered as:

A process A product Process and product both A tool

The largest medium for direct response is:

Telemarketing Broadcast Door-to-door Mail

Which of the following is NOT a benefit of direct marketing?

Convenience Interactive Customer relationship building Assists client prospecting

Which one of the following reflects e-commerce for buyer point of view?

Has no impact on transaction costs Has no impact on product prices Increases product prices

Reduces product prices

Which of the following is NOT a characteristic of the Business-to-Business arena?

Large markets Wide geographic spread Complex buyer behavior Low volume of transactions

A customer-centered company is one that focuses upon the customer developments in designing its marketing strategies and on delivering superior value to its target customers. What are the things that customer-centered companies need to do EXCEPT:

Build customer relationships Deliver superior value to their target customers Provide quality products to customers

Only focused on product selling

The website www.disneystore.com offer customers speedy checkout. Once you enter your password and click on the checkout button, the screen will ask that you confirm your address and the last four digits of your credit card. The user is not asked for any other input after the first time (although he or she is given an opportunity to modify any

information). This example shows which one of the following concepts?

Spam Market aggregation Personalization Guerrilla marketing

Which of the following statements about online consumers is TRUE?

Online consumers are the subsegment of all internet users who employ this technology to research products and to make purchases.

All internet users who employ this technology to research products and to make purchases are a subsegment of online consumers.

As a group, online consumers tend to be poorer than all Internet users who employ this technology to research products and to make purchases.

Fewer than 20 percent of internet/web users have ever even considered becoming online consumers.

The final process selection step determines how the CRM product will move through the system? How should the process flow be with the existing organization system is the part of which of the following?

Process flow choice Slight technological changes Specific component choice Major technological changes

Scott Cut-lip, Allen Center and Glen Broom describe the public relations process in how many steps?

Five Three Four Two

Electronic business is the use of the Internet, other networks and information technologies to support which of the following?

Customer service management Enterprise communication and collaboration All of the given options

Electronic commerce

The process to impart information from a sender to a receiver with the use of a medium reflects which one of the following concepts?

Channel Decoding Communication Message

Improvement in listening skills results in which of the following?

Paraphrase Continue to talk Avoid eye contact Interrupt with questions

Avoid repetition reflects which one of the following?

Consideration Completeness Concreteness Conciseness

Customer relationship management affects:

All individuals, all organizations and all industries All individuals, some organizations and all industries

All individuals, all organizations and some industries Some individuals, all organizations and all industries

Departmental stores often conduct surveys to understand the lifestyles of consumers in nearby neighborhoods. What customer characteristic is being used in this type of segmentation?

Benefits sought

Psychographic

Socioeconomic

Demographic

Customer satisfaction with the purchase of a product is dependent upon what?

The product's performance relative to the buyer's expectations

The product's performance relative to the price

The product's performance relative to the service

The product's performance relative to the quality

All are the characteristics of Rejection mood customer EXCEPT:

Straightforward Callous Analytical Decisive

Potential saboteurs presents _____________ customers.

Delighted

Loyal

Dissatisfied

Satisfied

The Holiday Inn state that If a customer has a need or want, we fill it. is an example of a:

Business unit goals Goal of a business segment Business unit mission Marketing objectives

Which of the following statements best describes the company's competitive strategy?

The specific actions management plans to take to gain a competitive advantage over rivals

The adoption of a unique position in the marketplace through targeting a specific market and marketing mix

How it plans to unify its functional and operating strategies into a cohesive effort aimed at successfully taking customers away

Its plans for under-pricing rivals and achieving product superiority

Customer relationship management (CRM) program improves customer service by facilitating communication EXCEPT which one of the following ways?

Provide a user-friendly mechanism Divert attention of customer Identify potential problems quickly

Provide product information

Western dominance was first time challenged by which one of the following countries?

China Korea USA Japan

Customer metrics include all of the following EXCEPT:

Profitability Customer satisfaction Market share Innovation

the centralized storage (in a data warehouse) of all information relevant to customer interaction refers to which of the following concepts?

Database Workflow Scalability Collaborative CRM

Data encryption and the destruction of records to ensure that they are not stolen or abused refers to which of the following technical functionality?

Scalability Customer privacy considerations Data base Workflow

General Insurance uses "the umbrella" to communicate protection to its customers. This illustrates the company's attempt to help customers understand the service by:

Utilizing publicity techniques to enhance the service Personal selling of the service

Emphasizing tangible cues in promoting the service Distributing the service directly through television

Which of the following is a technique that might be used by an active listener?

Offer his point of view during conversation Paraphrase the speaker's meaning Express concern to speaker Explain the speaker's meaning

when someone in conversation spends more time trying to figure out what they are going to say next than they do listening, he or she could be called as:

Self-absorbed listener Wise listener A reactive listener An experienced listener

Logic and reasoning are the characteristics of which of the following listening?

Critical listening Active listening Empathetic listening Inactive listening

which one of the following is NOT a good indicator of how well a company's present strategy is working?

Whether the company's resource strengths and competitive capabilities outweigh its resource weaknesses and competitive vulnerabilities.

Whether the company's profit margins are increasing or decreasing and how large they are relative to other firms in the industry.

Whether the company is regarded as a leader in some significant area (technology, product quality, product innovation etc) and the firm's image and reputation with customers.

The company's market share ranking and whether its share is trending up, down or staying more or less the same.

Which one of the following categories refers the customers who are loyal with product family name?

Loyalty towards Sales Persons Loyalty towards Organization Loyalty towards Stores Loyalty towards Brands

In terms of the communication process, the _____ for the information in the Visible Lift makeup advertisement is GARNIER, its manufacturer.

Source Feedback Awareness Message

The main public relations activities are:

Direct marketing Publicity and event management Print advertising Personal selling

Audiences for public relations are: p54

Employees Supplier Dealer Local Authorities

When a lobby group hides its true purpose and support base, it is known as:

A back group Spin group Astroturf A front group

The term product should be broadly interpreted to encompass:All intangible items Tangible items and issues All tangible items Information, services, ideas and issues

The five competing concepts under which an organization can choose to conduct its marketing activities include all of the following EXCEPT:

The production concept

The marketing concept

The marketing management concept

The selling concept

Which of the following is NOT a characteristic of relationship marketing?

The frequency of the exchanges between customers and sellers

The intensity of the exchanges between customers and sellers

The long-term nature of exchanges between customers and sellers

The importance of the product in exchanges between customers and sellers

To sustain a customer relationship, a customer care center must monitor:

Customer s needs and satisfaction

Customers needs, satisfaction and then respond to customer life-cycle changes

How many times customers call with a compliant

How many new products they buy each year

Which of the following is NOT a benefit, customers generally experience from direct marketing?

Time saving Reduced prices Convenient shopping Customized offers

Which one of the following reflects e-commerce for seller point of view?

Has no impact on transaction costs Has no impact on product prices Increases transaction costs

Reduces transaction costs

Which one of the following reflects e-commerce for buyer point of view?

Has no impact on transaction costs has no impact on product prices Increases product prices

Reduces product prices

the _____of e-commerce has forced changes in the strategic planning process.

Speed Size Complexity Expense

Salesforce.com was one of the first to deliver customer relationship management (CRM) software over the internet. Many companies are using CRM to create more sales with existing customers. All of these companies are banking on the increasing importance of ______ as a growing source of sales.

Media convergence

Distribution elasticity

E-commerce

Sales force automation

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