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7. Which of the following is not part of the key role played by marketing
in strategic planning?
Your Answer: 3
Correct Answer: 2,3
A: function-intensive
B: function-extensive
C: labor-intensive
D: capital-intensive
E: labor-extensive
2. In marketing, what is the term for the usefulness of a product that is a consequence of
its creation from raw material?
A: place utility
B: position utility
C: price utility
D: form utility
E: capital utility
A: milk
B: bread
C: cigarettes
D: aspirin
E: dishwasher
4. Which phase of the product life cycle is considered to be the most critical?
A: maturity
B: decline
C: introduction
D: ascendancy
E: growth
5. What is another name for the practice of introducing a new product at a high price for a
brief period, in the hopes of recouping production costs?
7. Transportation services that are operated by the shipper are known as _____.
A: private carriers
B: middle carriers
C: common carriers
D: instrumental carriers
E: contract carriers
A: argument
B: interest
C: attention
D: action
E: desire
9. What type of utility does a bag of rice acquire for the consumer upon purchase?
A: time
B: place
C: position
D: form
E: ownership
10. Which of the following is the final phase in the product development process?
A: building a prototype
B: test marketing
C: business analysis
D: commercialization
E: product testing
5. The US company Hilton Hotels only operates and markets the 163-
bed luxury Hilton London Green Park Hotel. The building is owned and
maintained by London and Regional Properties. What kind of market
entry strategy are they using here?
6. 'A number of rivals from mainland Europe and USA have entered the
UK market.'
What part of a marketing plan could this statement have come from?