Mm102 Midterm
Mm102 Midterm
1._________________ consist of schools, hospital, nursing homes, prisons, and other institutions that must
provide goods and services to people in their care.
2._________________ consist of a group of customers share a similar set of needs and wants.
3._________________ divides the market into geographical units such as nations, states, region, counties,
cities,
or neighborhoods.
4._________________ divide the market on variables such as age, family size, family life cycle, gender,
income,
occupation, education, religions, race, generation, nationality, and social class.
5.________________ is the science of using psychology and demographics to better understanding consumers.
6._________________ is a person, household, or company that over time yields a revenue stream exceeding by
an acceptable amount the company’s cost stream for attraction, selling and serving that
customer.
7._________________ is the process of carefully managing detailed information about individual customers
and
all customer touch points to maximize loyalty.
8._________________ identifies the percentage of the potential target market at each stage in the decision
process, from merely aware to highly loyal.
9._________________ can be open to everyone who purchase a product or service or limited to an affinity
group
or those willing to pay a small fee.
10.________________ is an organization collection of comprehensive information about individual customers
or
prospect that is current accessible and actionable for lead generation, lead qualification,
sale of a product or service, or maintenance of customer relationship.
11.________________ is the study of how individuals, groups, and organizations select by use and dispose of
goods, services, ideas or experiences to satisfy their needs and wants.
12. _______________ is the fundamentals determinant of a person’s wants and behaviors.
15. ________________marketers divide buyers into groups on their knowledge of ,attitude toward, use of, or
response to a product.
16.) _______developed a two-factor theory that distinguishes dissatisfiers (Factors that cause
dissatisfaction) from Satisfiers (Factors that cause satisfaction).
17.) _________are all the groups that have a direct (face-to-face) or indirect influence on their attitudes
or behavior.
18.) _______with whom the person interacts fairly continuously and informally such as family, friends neighbor and
coworkers.
20.) _______as the specific mix of human traits that we can attribute to a particular brand.
21). _______is a person’s pattern of living in the world as expressed in activities, interests, and opinions.
23.) ________Is the process by which we select organize and interpret information inputs to create a
meaningful pictures of the world.
24.) _________occurs when people have a general tendency to attribute success to themselves and to External Causes.
25.) ______Consists of all organizations that acquire goods and services used in the production of other product or services that are
sold, rented, or supplied to others.
III: Enumeration: Enumerate the following and give the correct answer.
26.)______________________________ 27.)_________________________________
28.)______________________________ 29.)_________________________________
30-37.) Companies that purchase over the internet are utilizing electronic marketplace in several forms;
31.)________________________________ 36.)________________________________
32.)________________________________ 37.)________________________________
33.)________________________________
34)_________________________________
38.)____________________________________ 39.)______________________________________
40.)____________________________________ 41.)______________________________________
42-45.)What are customer value, satisfaction and loyalty and how can companies deliver them? (4 marks)